|April 27, 2004|
Crowflight Acquires Major Land Position in Sudbury Basin and Initiates MegaTEM Geophysical Survey
|TORONTO, ONTARIO - CROWFLIGHT MINERALS INC. (TSX Venture Exchange: CML) is pleased to announce the acquisition of the Peter's Roost Property, a major land package along the North Range of the Sudbury Basin, via claim staking (Figure 1 Location Map). A total of 927 claim units covering some 14,830 hectares in Hutton, Kitchener, Tyrone, Leinster, Creelman, Roberts and Botha Townships were acquired during the first quarter of 2004. |
The property extends along two predominantly east-west trending concentric corridors extending from Crowflight's Marble Mountain Option (refer to Press Release dated December 15, 2003) at the Parkins Offset Dyke in the east, to beyond the Foy Offset Dyke in the west, a distance of over 40 kilometres. The property encompasses the Company's recent Copenhagen Property acquisition (refer to Press Release dated March 30. 2004).
The exploration potential of the Peter's Roost Property and the previously announced Copenhagen property is underway as Fugro Airborne Surveys of Ottawa, Ontario, is conducting an airborne MegaTEM II survey that commenced on April 16, 2004 the Peter's Roost. The survey is being performed under the supervision of Stephen Reford, P.Eng. and Karl Kwan, M.Sc., Consulting Geophysicists, from Paterson, Grant & Watson Limited. "The MegaTEM survey will identify conductive targets to greater depths than historic airborne surveys, with the likely targets being conductive stringer, semi-massive and/or massive sulphides in association with the Offset Dykes" stated John Buckle, P.Geo., Crowflight's geophysical Qualified Person. "The MegaTEM system is ideal as a first pass survey over large prospective areas in order to identify sulphide bearing conductive targets".
MegaTEM II survey will be complemented by a lineament and alteration study undertaken by Terrageos Remote Sensing of Montreal, Quebec, using the latest in remote sensing technology and processing techniques. Combining the results from these two well known exploration tools will assist the Crowflight Exploration team in the identification of massive sulphide targets for the current 2004 exploration program.
The 2004 exploration program on these properties, will involve detailed ground geophysical surveys, such as Transient EM (TEM) and Magneto-tellurics (MT) to identify more precisely, to a 1,000+ metre vertical depth, the most promising targets from the airborne survey and remote sensing study. A surface exploration program consisting of prospecting, geological mapping and sampling of these identified targets followed by a limited core drilling program is planned.
"The acquisition of this land package along the North Range of the Sudbury Basin is founded on the presence of known and projected concentric Offset Dykes and associated Nickel, Copper and Platinum Group Metals (PGM's) mineralization, such as the Parkin, Copenhagen and Hess Offset Dykes" stated Jean Lafleur, P. Geol., President and CEO. " Crowflight's objective along the North Range is to find a major orebody. We will combine the use of advanced geophysical and satellite imagery exploration technologies with more conventional prospecting, mapping and core drilling over the next two years to achieve our goal."
Crowflight Minerals is a Canadian junior mining exploration company listed on the TSX Venture Exchange focused on Nickel-Copper-PGM's exploration in the Sudbury Basin. The company currently has a land package of over 175 square kilometers containing six highly prospective properties located in the Basin - AER-Kidd, the Airport Property, (JV with Millstream Mines Ltd.), Marble Mountain, the Copenhagen Property, the Mystery Offset Dyke, and Peter's Roost. A $2.5 million core drilling program is currently underway at AER-Kidd, while more early stage exploration is taking place at the other properties. The AER-Kidd property is located on the Worthington Offset nearby Inco's Totten Deposit (10.1 million tonnes grading 1.5 % Ni, 2.0 % Cu and 4.8 g/t PGE's) and prospective McIntyre Project, and FNX's Victoria Project. The Airport property is located on the south-east rim of the Basin about 4 km south-east of Falconbridge's recent Nickel Rim South high-grade Cu-Ni-Co-Au-PGE's discovery (13.2 million tonnes grading 1.7% Ni, 3.5 % Cu, 0.04% Co, 0.8 g/t Au and 4.1 g/t Pt+Pd).
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 PLEASE CONTACT:
Crowflight Minerals Inc.
Jean Lafleur, P. Geo.
President and CEO
Cell (514) 794-3633
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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