|March 30, 2009|
Crowflight Reports Results from Underground Drilling at Bucko
CROWFLIGHT MINERALS INC. (the "Company") (TSX: CML) today announced an update on underground diamond drilling results from its wholly-owned Bucko Lake Nickel Mine (Bucko) located in the Thompson Nickel Belt near Wabowden, Manitoba.
Assay results from the first six holes drilled in 2009 as part of the Phase 2 underground delineation drilling at Bucko are reported below. Highlights include: 6.64 metres grading 3.30% nickel in hole BUD-82 and 5.33 metres grading 2.55% nickel in hole BUD-83.
Crowflight's Vice President of Exploration, Greg Collins commented, "Assay results from the Phase 2 underground drilling program continue to yield encouraging results that are consistent in grade with the mine plan and production targets for this year. Drilling has confirmed extensions of mineralization associated with current production areas offset across a large pegmatite dyke. We believe that this new area is shaping up to be the next commercial mining zone for the Bucko Mine."
To date, a total of 6,458 metres in 28 holes have been completed as part of the Phase 2 underground delineation and exploration program currently underway. Phase 2 drilling is designed to confirm mineralization between sections 521 and 525N between the 1,000 foot and 800 foot mining levels. Mineralization between these sections on the 1,000 foot level is planned for extraction in 2009. Drilling plans in 2009 include the completion of the Phase 2 program, drilling from the 450 foot level ramp to finalize crown pillar design and delineate additional stopes to be extracted via the surface ramp, infill of mineralization in the hinge zone between 1,000 foot and the 800 foot level, and exploration of the footwall zone from the 1,000 foot level exploration drift.
Table 1 below provides a summary of the latest assay interval results received. Please see the Company's press releases dated June 25, 2008, October 1, 2008 and January 22, 2009 for previously-announced Bucko assay results.
Table 1. Assay Results from Phase 2 Underground Drilling at Bucko
Intersection intervals reported are core lengths; actual true widths range between 80% and 100% of core length.
Qualified Person/Quality Control Procedures
This press release has been prepared and reviewed by Mr. Greg Collins, P.Geo. (APGO/APEGM) and VP Exploration of Crowflight, a Qualified Person under the National Instrument 43-101 guidelines. All assays were performed at the ALS-Chemex laboratory in Vancouver and undergo an ICP-AES finish and Sodium Peroxide Fusion. Standards and blanks are submitted with each sample batch.
Crowflight Minerals -- Canada's Newest Nickel Producer
Crowflight Minerals Inc. (TSX: CML) is a debt-free Canadian junior mining company that is producing nickel at the Bucko Lake Nickel Mine near Wabowden, Manitoba. Crowflight expects to achieve full commercial production at Bucko early in the second quarter of 2009. The Company is also focused on nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.
Cautionary Note on Forward-Looking Information
This press release contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Bucko's development potential and timetable; Crowflight's ability to raise additional required funds; the future price of nickel; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration and production; costs of future activities; success of exploration and production activities; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding mineral resources and mineral reserves are based on extensive analysis regarding exploration information obtained for diverse sources, including drill results; such analysis being conducted by company geologists and verified by third party consultants. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Crowflight to be materially different from those expressed or implied by such forward-looking statements. Although management of Crowflight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Further information is available on the Company's website at www.crowflight.com or contact:
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