|July 11, 2006|
Summer Drill Program Commences Following-Up Discoveries at M11A North and Apex Zones
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce that activities have recommenced within the TNB South Project Area with follow-up drilling on the newly discovered M11A North and Apex Zones where nickel mineralization was encountered during the winter 2006 program (see press releases dated March 28, 2006 and April 27, 2006). |
A total of 2,700 metres of drilling is planned through the summer to both follow-up geophysical targets associated with nickel mineralization discovered at the M11A North and the Apex Zones and to test additional targets in close proximity to both zones. All targeted drilling is within 3 to 5 kilometres of the Bucko Lake Nickel Deposit in which Crowflight is earning a 100% interest and is in the process of developing for production. The program is being operated by Falconbridge Limited (Falconbridge), under the terms of the earn-in agreement between the two companies.
Greg Collins, Exploration Manager for Crowflight, commented on the start-up of the summer program, stating: "We are still in the early stages of discovery at Apex and M11A North. Our results to date are comparable with results obtained during the early stages of the discovery at the Bucko Deposit back in the 1960's. Our experience at Bucko has demonstrated that exploration perseverance is required to fully assess the resource potential of Bucko style deposits. It is hoped that by targeting conductive geophysical signatures associated with intersected nickel mineralization we will be successful in further expanding the size of these discoveries and possibly continue to discover other areas of elevated nickel mineralization in the area."
At the M11A North and Apex discovery sites at least 2 holes each are proposed to test borehole geophysical targets associated with the interpreted extensions of the discovery mineralization intersected in the 2006 winter program. Additional holes are proposed to test 2 separate magnetic features located close to the main magnetic geophysical feature which was targeted in the initial Apex discovery drilling. These features have been named the Acme and Pinnacle targets respectively.
Results from the 2006 winter program were presented in detail via a Webcast broadcast May 30, 2006. An archived copy of this presentation can be accessed on the Crowflight Website at: www.crowflight.com. Drilling activities were postponed in early May due to wet conditions caused by spring thaw which temporarily restricted access to proposed sites for follow-up drilling. Conditions are now suitable to allow follow-up drilling on these targets.
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 (under option to Wallbridge Mining Ltd.); 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:
Thomas Atkins, President and CEO
Bruce Korhonen, Investor Relations
Ascenta Capital Partners Inc.
Tel: 604-684-4743 ext. 230
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