|October 19, 2004|
Crowflight Strengthens Mine Management Experience and Appoints Peter Rowlandson as Special Advisor, Mining
|TORONTO: CROWFLIGHT MINERALS INC. (TSX-V: CML) has appointed Mr. Peter Rowlandson, P. Eng., as Special Advisor, Mining. |
Mr. Rowlandson has held a number of engineering and senior management postings throughout his 34 year career with large mining organizations, including Rio Algom, Inco, Pamour, Canamax and Teck Cominco. Most recently, Mr. Rowlandson was Manager for the Williams Mine and General Manager for Teck's Hemlo Operations (with total gold production of 550,000 ounces per year at the Williams and Bell Mines).
Peter is a recognized mining specialist with expertise in all aspects of mining, from mine construction through to production management, with particular success at increasing mine production and lowering operating and administrative costs. Mr. Rowlandson's 34 years of experience in Canada with the mining industry has included representation on several committees related to health/safety, environmental issues, and labour relations. His practical industrial and management expertise will be particularly useful for Crowflight at Bucko, where the Company is initiating various technical studies to examine the viability of putting the Mine into production.
"Mr. Rowlandson's broad experience will be instrumental in developing Crowflight into a Nickel, Copper and Platinum Group Element's producer within the next few years, starting at Bucko in Manitoba ", stated Mr. Stan Bharti, Crowflight's President and CEO. " Peter will work closely with Crowflight's Michael Throssell, Special Advisor, Metallurgy; Rick Adams, P. Eng., Manager Mine Construction, and Jean Lafleur, P. Geo., VP Exploration and Corporate Development . "
Falconbridge/Crowflight Joint Venture
Crowflight and Falconbridge Ltd., recently announced that both companies have entered into a Joint Venture ("JV") on a number of Falconbridge's properties in the Thompson Nickel Belt ("TNB").
The Joint Venture covers more than 190 km2 of prime Mining Leases and Claims located in the Wabowden segment of the Thompson Nickel Belt, located 100 kilometres south of Inco's producing mines (Thompson and Birchtree) which yielded more than 100 million pounds of nickel in 2003 along the same mineralized belt. The belt has yielded an estimated 4.5 billion pounds of nickel in past production from Inco's producing mines. Inco's current operations at Thompson and Birchtree host reserves reported to be 34 million tonnes grading 2.19% Nickel and 0.15% Copper.
The Crowflight/Falconbridge Joint Venture comprises two separate programs:
1. The Bucko Deposit (option to earn a 100% interest): Bucko contains a historical resource (pre 43-101) of about 19 million tonnes at 1% Nickel. A recent 43-101 Report completed by Crowflight indicates that the Bucko Deposit contains an Indicated Resource of 1,461,000 tonnes grading 2.36% Nickel and an Inferred Resource of 547,000 tonnes grading 1.99% Nickel.
Crowflight has a right to earn a 100% interest in Bucko by completing a feasibility study and arranging project financing. The Company has hired a contractor to begin dewatering and rehabilitating the existing exploration shaft at Bucko so that additional drilling can be conducted from underground. Crowflight has also engaged Micon International to conduct various economic evaluations on Bucko eventually leading to a full feasibility study.
2. Thompson Exploration Properties (option to earn a 50% interest): In addition to Bucko, Crowflight has the option to earn a 50% interest in the 190 km2 land package surrounding Bucko, consisting of the Bowden, Halfway and Resting Lakes Properties. The Bowden Lake Property contains a historic pre 43-101 resource of 88 million tonnes at 0.63% Nickel. Crowflight and its joint venture partner Falconbridge Limited have already initiated exploration programs on their respective properties - Crowflight at the Bucko Deposit; Falconbridge at the Bowden, Halfway Lake and Resting Lake.
Crowflight - The Base Metal Builder
Crowflight is a Canadian junior mining exploration company listed on the TSX Venture Exchange focused on Nickel, Copper and Platinum Group Minerals exploration in the Thompson Nickel Belt and Sudbury Basin. The company currently owns and has under option more than 365 km2 in Manitoba and Ontario, containing three highly prospective properties in the Thompson Nickel Belt - Bucko-Bowden, Resting Lake and Halfway Lake, and six in Sudbury - AER Kidd, Airport Property (a joint venture with Millstream Mines Ltd.), Marble Mountain Option, Copenhagen Option, Mystery Offset Dyke Option and Peter's Roost.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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".
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