|March 28, 2006|
Crowflight Makes Nickel Discovery In Close Proximity To Bucko Deposit, Manitoba
CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce that it has discovered significant nickel mineralization approximately 3 kilometres north of the Bucko Deposit in the M11A Prospect within the Thompson Nickel Belt South Project Area near Wabowden, Manitoba.
Hole M11A 06-06 returned 15.5 metres of 0.97% nickel from 175.5 to 191.0 metres including 2.05 metres grading 1.24% nickel, 3.38 metres grading 1.87% nickel, and 4.46 metres grading 1.16% Ni (see summary table of assay results below). These grades and intervals compare to the Bucko Deposit discovery hole M77-B which intersected 6.34 metres grading 1.54% nickel and are very close to or above the 1.5% cut-off grade being used in resource and reserve calculations in the Bucko Deposit feasibility study.
Greg Collins, Crowflight's Exploration Manager commented on this intersection, stating: "I am encouraged at this early stage by the apparent similarity of this new nickel occurrence in both style and tenor to the ore mineralogy of the Bucko Deposit. We're eager to see the results of the next step-out hole to determine the extent to which this mineralization continues in magnitude and size."
A second hole (M11A 06-10) is presently underway targeting a conductive borehole pulse EM geophysical response believed to be associated with this mineralization. This hole is centered approximately 75 metres to the north of hole M11A 06-06. Mineralization in hole M11A 06-06 is associated with a strong 3D magnetic geophysical inversion modeling feature identified by Falconbridge that appears to extend at depth over an untested strike length of 400 metres. Although early thaw conditions threaten ice access to additional drill sites, exploration efforts by Operator Falconbridge have been accelerated to follow-up this intersection while sufficient ice may prevail. Additional assay data for copper, platinum and palladium for hole M11A 06-06 are pending.
Qualified Person/Quality Control Procedures
This press release has been prepared and revised by Mr. Greg Collins, P. Geo., Crowflight's Exploration Manager, a Qualified Person under the NI 43-101 guidelines, based on data provided by Falconbridge Limited. Fire assays are performed at the ALS-Chemex laboratory in Vancouver on all the samples for Gold and PGE's which undergo an ICP-AES finish and Sodium Peroxide Fusion. All other metals undergo an ICP-AES finish. Standards and blanks are submitted with each sample batch.
Crowflight - The Base Metal Builder
Crowflight Minerals Inc. is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The company is focused on nickel, copper and Platinum Group Mineral ("PGM") projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option approximately 600 square kilometres of exploration and development properties in Manitoba and Ontario.
In Manitoba, these properties include: (1) the Bucko Nickel Deposit; (2) an earn-in option with Falconbridge Limited on five highly prospective properties (Bucko/Bowden, Resting Lake, Rock Island Lake, Halfway Lake and Gonlin Lake) on the TNB South Project located within 30 kilometres of the Bucko Deposit; and (3) six additional properties (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake) located 100 kilometres to the north on the TNB North Project.
In the Sudbury Basin, these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes @ 1.5% Nickel, 2% Cu, 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 km south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu, 1.7% nickel, 0.8 g/t Au, 4.1 g/t PGM's).
Further information is available on the Company's web site at www.crowflight.com
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements. The Company cautions investors that the projections for increases to the Indicated Resources are based on Inferred Resources. There is no certainty that these projections will be added to the Indicated Resources or that they will be economically viable.
For further information please contact:
President and CEO
Tel: (416) 861-5900
Fax: (416) 861-8165
Ascenta Capital Partners Inc.
Tel: (604) 684-4743 x 30
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