|April 21, 2008|
Crowflight Discovers New Zone Of Mineralization At M11A North; Intersects 26.7 Metres Grading 1.30% Nickel
|CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: CML) today announced further assay results from its 2008 winter drilling program that recently concluded in the Thompson Nickel Belt, Manitoba.|
Exploration diamond drilling has intersected what is interpreted to be a new zone of nickel sulphide mineralization located beneath the M11A North deposit, approximately 4 kilometres north of the Bucko Lake Nickel Deposit (Bucko) that is currently under development. Of particular note is Hole M08-03 that intersected 26.7 metres (87.5 feet) grading 1.30% nickel including 5.76 metres (16.6 feet) grading 3.06% nickel.
In addition to encouraging results at M11A North, Crowflight has intersected additional nickel mineralization at its Halfway Lake deposit. Please refer to Table 1 for a summary of results received to date and Figure 1 for a map depicting the location of drilling.
Greg Collins, Crowflight's Vice President of Exploration, commented on the results stating: "The results from hole M08-03 represent some of the highest grade mineralization over the longest interval that we have encountered at M11A North to date. In 2007, work near M11A focused on establishing a NI 43-101 compliant Inferred Resource following the initial discovery of the deposit in 2006. Hole M08-03 appears to have intersected a new Lower Zone of mineralization located beneath the known resource that remains open along strike and at depth. Overall, results from the 2008 winter exploration program continue to demonstrate the potential for resource additions near Bucko and provide new options for Crowflight to support future expansion or extended mine life at its Bucko operations."
Winter 2008 Exploration Program -- Summary of Assay Results To Date
(1) Combined platinum and palladium valuesIntersection 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.
During the 2008 winter program, Crowflight completed 21 drill holes for a total of 8,200 metres and has received assay results for 12 holes thus far. Results from the remaining nine holes will be released over the coming weeks as assay results become available. Crowflight will also be updating the resource estimates on its Halfway Lake, Apex and M11A deposits as exploration results are received and analyzed.
Crowflight expects to begin its drilling program on the Manibridge joint venture with Pure Nickel in mid-May 2008. For now, the Company has temporarily ceased drilling activities in Manitoba due to conditions related to the annual spring thaw.
Over the coming months, Crowflight plans to complete studies on increasing overall mine reserves at Bucko by lowering the cut-off grade from 1.4% nickel to approximately 1.0% nickel and utilizing the mill capacity of 1,500 tonnes per day. A planned Cdn$2.0 million underground delineation drill program is in progress at Bucko. The drill results from this program will be used to increase the confidence of underground reserves, determine the potential for resource additions, optimize cut-off grades and obtain further geotechnical information to finalize the mine design.
Qualified Person/Quality Control Procedures
This press release has been prepared and reviewed by Mr. Greg Collins, P.Geo (APGO/APEGM), a Qualified Person under the NI 43-101 guidelines. Fire assays were 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 Minerals -- Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX-V: CML) is a Canadian junior mining exploration and development company focused on nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin. The Company currently owns and/or has under option approximately 800 square kilometres of exploration and development properties in Manitoba and Ontario.
Crowflight's priority is to bring the fully-funded Bucko Lake Nickel Project located near Wabowden, Manitoba into production by the third quarter of 2008.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding mineral resource estimates, timing and cost of future exploration programs, development potential, timing and cost of production and development and impact of exploration results. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Further information is available on the Company's website at www.crowflight.com or contact:
President and CEO
Tel: (416) 861-2964
Manager, Investor and Public Relations
Tel: (416) 861-5803
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