|September 21, 2004|
Crowflight Receives Assays From The Bucko Deposit
|TORONTO, ONTARIO - CROWFLIGHT MINERALS INC. (TSX Venture Exchange:CML) wishes to announce it has received assay results from the core re-sampling program at the Bucko Deposit completed by Mr. Alain Beauregard, Geo., of GEOLOGICA Inc. of Montreal, an independent Qualified Person under NI 43-101. Mr. Beauregard is currently completing the Bucko Deposit Report (refer to the previous Crowflight Press Release dated September 8, 2004). |
GEOLOGICA's assays confirm the higher grade Nickel content of the Bucko Deposit. There is also a significant Platinum Group Elements (PGE's) presence, which was not previously documented at Bucko.
"These new assay results demonstrate that the historical database at Bucko is of excellent quality and can be used in the current scope of work to ultimately define Measured and Indicated Resources", stated Jean Lafleur, P. Geo., and President and CEO of Crowflight Minerals Inc. "The presence of PGE's is a bonus, which could have an impact on the potential economics at Bucko".
A total of 11 intervals were re-sampled from the historical core from the Bucko Deposit to validate a number of mineralized intersections. Assay results are:
Historical GEOLOGICA DDH From To Core Assays(a) Assays No. (metres) (metres) Length Ni Cu PGE's Ni Cu PGE's (metres) (%) (%) (g/t) (%) (%) (g/t) N-1 (West Limb, Lower Lens) 361.13 361.61 0.48 0.41 0.12 n/a(b) 8.91 0.13 2.77 361.61 362.79 1.18 4.87 0.12 1.32 5.74 0.08 1.52 N-11 (West Limb Zone, Upper Lens) 318.06 319.23 1.17 5.91 n/a n/a 5.18 0.25 0.88 (West Limb Zone, Middle Lens) 330.57 331.49 0.92 22.90 n/a n/a 19.45 0.64 0.92 337.49 338.80 1.31 6.32 n/a n/a 8.81 0.06 2.02 (West Limb Zone, Lower Lens) 358.15 360.41 2.26 2.97 n/a n/a 1.57 0.09 0.21 N-12 (West Limb Zone, Upper Lens) 299.00 300.21 1.21 8.42 n/a n/a 6.93 0.54 0.92 (West Limb Zone, Middle Lens) 311.00 311.69 0.69 20.80 n/a n/a 19.00 0.06 2.01 313.72 314.82 1.10 5.98 n/a n/a 6.11 0.29 2.31 319.67 321.04 1.37 2.74 n/a n/a 3.43 0.70 0.92 (West Limb Zone, Lower Lens) 346.73 347.76 1.03 3.19 n/a n/a 3.17 0.13 0.85
(a) from Nuinsco Resources Limited diamond drill holes completed in 2000
(b) no assays reported
The GEOLOGICA assay samples represent 1/4 splits from core stored at the Falconbridge office site in Wabowden, Manitoba. The core was sawed and bagged on site, and shipped for multi-element assaying at ALS Chemex in Vancouver. Nickel and Copper were analyzed by the Atomic Absorption method after acid digestion, whereas the PGE's were analyzed by the ICP method. A series of laboratory assay control samples (standards, blanks and duplicates) were inserted in the assay stream.
A number of separate resource estimates were done by Falconbridge between 1968 and 2000 for the Bucko Deposit using different combinations of surface and underground diamond drill holes and parameters. The most widely used historical resource estimate for the Bucko Deposit was estimated in 1992 (prior to NI 43-101) at 2.5 million tonnes grading 2.23% Nickel and 0.17% Copper included within a global resource of 19 million tonnes grading 1% Nickel. In the opinion of Mr. Alain-Jean Beauregard, Geo., of GEOLOGICA Inc. of Montreal, an independent Qualified Person under NI 43-101 who has reviewed the data and estimation procedures, as outlined in a letter to the Company dated August 19, 2004, the historical resource (both higher grade and global resource) would be reportable as an Inferred Mineral Resource under the guidelines of NI 43-101. The higher grade resource occurs in 7 lenses - 3 in the West Limb Zone (Lower, Middle and Upper lenses) and 4 in the Hinge Zone (A, B, C and D lenses). The West Limb Zone extends for 400 metres in strike length and 800 metres down dip length.
Crowflight, as operator, has initiated a delineation and exploration program at the Bucko Deposit as described in the September 8 Press Release. The main objective of the program will be to upgrade historical resources at Bucko to the Measured and Indicated Mineral Resource categories and produce a resource estimate that is compliant under NI 43-101 guidelines. This would be used to proceed with a feasibility study.
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".
For further information:
Jean Lafleur, P.Geo
President and CEO
You can view the Next News Release item: Tue Oct 5, 2004, Crowflight Receives Environmental Permit And Hires Contractors For Underground Work And Scoping Study at Bucko Deposit
You can view the Previous News Release item: Wed Sep 8, 2004, Crowflight to Commence Major Surface and Underground Drilling Program at Bucko Deposit Within the Thompson Nickel Belt
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