|March 06, 2007|
Crowflight Signs with Dumas Contracting Ltd. for Underground Mine Development of Bucko Nickel Deposit
|TORONTO, ONTARIO--(CCNMatthews - March 6, 2007) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased to announce that the Company has signed a contract agreement with Dumas Contracting Ltd. (Dumas), as the general contractor for the rehabilitation of the underground workings at the Bucko Deposit and underground development as the Company advances the project towards production.|
Thomas Atkins, President and CEO of Crowflight commented on the announcement stating: "We've been engaged in discussions with a number of contractors regarding the general contractor role at Bucko for some time now. Dumas demonstrated the greatest combination of planning, flexibility and cost competitiveness and so based on these factors we're pleased to have Dumas as our major partner to help us develop the Bucko project. We look forward to a productive relationship as we gear-up to go underground this spring and advance development of the Deposit going forward."
Dumas Contracting Ltd. is a major mining contractor with offices in Canada and the United States, having worked for such well know companies as Agnico-Eagle, Xstrata, Aurizon and Goldcorp on their Lapa and Goldex projects, Perseverance & Kidd projects, Casa Berardi development and Dome & Hoyle Pond projects, respectively, to name a few. As the general contractor, Dumas will supply a qualified workforce and equipment to undertake the dewatering, shaft rehabilitation, mine development and production of the Bucko Mine project located near Wabowden, 110 km south of Thompson, Manitoba.
Crowflight - Canada's Next Nickel Producer
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).
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 226
Toll Free: 1 - 866 - 684 - 4209
You can view the Next News Release item: Wed Mar 21, 2007, Crowflight to Host Webcast and Conference Call to Provide Updates on Developments at the Bucko Lake Nickel Deposit
You can view the Previous News Release item: Thu Feb 15, 2007, Crowflight Receives Confirmation of Province of Manitoba's Intent to Permit Bucko Lake Nickel Deposit
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