|November 16, 2006|
Bucko Resource Expansion Program Continues to Yield Additional Positive Results
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) is pleased to release additional assay results from surface diamond drilling at the Bucko Nickel Deposit, Wabowden, Manitoba. The Phase 2 program, initiated in June of 2006 is nearing completion and will culminate in the release of an updated resource calculation in the coming weeks.|
Drilling results peripheral to the currently defined Indicated Resources in the Hinge Zone near what would approximate the 800 Level (approximately 250 metres below surface) of the historical workings included drill hole BK06-36 which intersected 14.5 metres (47.5 feet) grading 1.65% nickel including 5.5 feet grading 3.33% nickel. Hole BK06-39 targeting resource expansion in the Hinge zone on the 1300 Level (approximately 400 metres below surface) intersected 17.3 metres (56.6 feet) grading 1.39% nickel including 19.3 feet grading 2.17% nickel. Please refer to Table 1 for drill hole assays and Figure 1 for drill hole location.
Greg Collins Crowflight's Exploration Manager, commented on the results of the program stating: "We're very pleased by the consistency of good results from this program and are confident that these results will lead to an expansion of the resources at the Bucko Lake Deposit. The drilling has confirmed continuity in extensions to the main mineralized trends and has demonstrated the ability to continue to grow the geological resources of the Deposit. The Deposit remains open for expansion below 500 metres depth with additional potential to expand resources on levels of currently planned mining activity. In particular, we feel confident that the potential to add tonnes in the Hinge Zone on near surface planned mining levels remains high. Additional near surface drilling targeting this potential is planned for early next year from the ice on Bucko Lake."
Since the spring of 2006, Crowflight has conducted surface diamond drilling to test the potential to expand the resources around the previously identified Indicated Resource at the Bucko Lake Nickel Deposit. A total of approximately 13,300 metres was drilled in 23 holes as part of this program. An updated calculation of resources is expected for release in the coming weeks.
(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.
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 Lake Nickel Deposit; (2) an earn-in option with Xstrata Nickel 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. viable.
For further information please contact:
President and CEO
Tel: (416) 861 - 5900
Fax: (416) 861 - 8165
Tel: (604) 684 - 4743 ext 230
Isometric View of the Bucko Mine Horizon* Looking Northwest
*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.
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