|September 20, 2006|
Crowflight Continues to Highlight Resource Expansion Potential at Bucko Lake Nickel Deposit
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to announce additional assay results from ongoing surface diamond drilling at the Bucko Nickel Deposit, Wabowden Manitoba. The Phase 2 program, initiated in June of 2006 remains focused on expanding the Indicated Resources of the deposit with the goal of further enhancing project economics. |
Highlight results include those obtained from drilling down plunge of known Indicated Resources in hole <bk>BK 06-27 which intersected 38.9 feet grading 1.78% nickel, including 13.6 feet grading 2.98% nickel and drill hole BK 06-28 intersecting 41.0 feet grading 1.76% nickel, including 32.8 feet grading 1.87% nickel. Drilling in the Hinge Zone area of the deposit followed up on encouraging results obtained in previously reported holes BK 06-32 and 33 (refer to press release dated July 18th, 2006). Drill Hole BK 06-31 intersected 31.7 feet grading 1.61% nickel. Please refer to Table 1 and Figure 1.
Greg Collins, Crowflight's Manager of Geology commented on the results of this drilling stating: "Infill drilling continues to demonstrate the potential to increase the resources of the Bucko Deposit. Holes BK06-27 and 28 support our conclusion that the main mineralized trends associated with the resource remain open beyond the relatively shallow depths of 500 to 600 metres below surface. Closer to surface, drilling in the vicinity of the Hinge Zone continues to yield positive results. The proximity of mineralization intersected in the Hinge Zone to planned underground mining infrastructure in the upper portion of the Deposit is particularly encouraging with regard to the potential of this material to enhance project economics."
Currently 7,000 metres (14 holes) of the planned 10,000 metre Phase 2 program have been completed with assays still pending on 9 of these holes. These assays are expected over the coming weeks. Following receipt of all outstanding assays, an updated calculation of mineral resources for the Deposit will be completed and published. The remaining 3,000 metres of the planned Phase 2 program are currently scheduled to conclude in November.
<(1) Combined platinum and palladium values
Intersection intervals reported are core lengths, actual true widths are unknown at this time but are generally 70 to 80% of core length. Once known, true widths are calculated for each intersection. These could vary somewhat from time to time as the zones are re-interpreted thereby altering the geometry.
Qualified Person/Quality Control Procedures
This press release has been prepared and revised by Mr. Greg Collins, P.Geo (APGO/APEGM) a Qualified Person under the NI 43-101 guidelines. 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.
click to enlarge
*Figure 1 Is a modelled isometric view of the mineralized Bucko Mine Horizon looking northwest highlighting areas thought to maintain additional exploration potential. Red Areas highlight those areas with a low density of drilling and/or areas with high nickel grade and thickness. Nickel grade thickness values were calculated using a 0.5% nickel cutoff. Values in the legend represent the interpolated value of grade-thickness at any point on the Bucko Mine Horizon multiplied by the square root of the distance to the nearest hole.
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 Xstrata plc 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 grading 1.5% nickel, 2.0% copper and 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property, the subject of a recent joint venture agreement with Wallbridge Mining Co. Ltd.; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 kilometres south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes grading 1.7% nickel, 3.5% copper and 4.1 g/t PGM's).
Further information regarding Crowflight, including details of its properties, and where relevant its earn-in interests in properties, 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 ext 230
You can view the Next News Release item: Thu Sep 21, 2006, Crowflight Completes Purchase of Used Mill for Bucko Project Development
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