|August 28, 2006|
Crowflight Commences 30-day Public Review for Full Project Permitting of Bucko Deposit
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce that Manitoba Conservation has, as of today's date, made available for review by the public the complete permit application and closure plan submission under the Manitoba Environment Act, to obtain an Environment Act License for the development and operation of the Bucko Lake Nickel Deposit. This public review is available for a period of 30 days from today's date and is a step in the process begun in April of this year with Crowflight's Environment Act License submission. |
During the 30-day review period parties will have the opportunity to comment on the proposed development plan. Following this review period, comments from individuals or groups will be gathered and passed on to the Company for consideration in the development and operation of the Bucko Mine, prior to the granting of the Environment Act License.
Thomas Atkins, President and CEO of Crowflight commented on the commencement of the 30-day review period stating: "Crowflight has endeavored to maintain a close dialogue with Manitoba Conservation and residents of the nearby community of Wabowden to ensure that the proposed development plan for the Bucko Deposit pursue a balance of economic benefits while minimizing the footprint of such activity on the surrounding environment. We look forward to public and private review of our submissions to ensure the integrity of the proposed development of the Bucko Lake Deposit. The timely receipt of the Environment Act License, expected later this year will enable us to continue our project development efforts to achieve our objective to begin nickel mining and processing operations in late 2007."
Crowflight is currently in possession of an Environment Act License for advanced exploration that allows for the dewatering and rehabilitation of the underground workings, underground diamond drilling, and extraction of a bulk sample. Activities in preparation for the dewatering and rehabilitation of the underground workings are currently underway. More specific details with regard to these activities will be announced in the coming weeks.
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 & CEO
Bruce Korhonen, Investor Relations
Tel: 604-684-4743 ext. 230
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