|February 05, 2004|
Significant Mineralization of Copper, Nickel, and PGM's Discovered at Crowflight's AER-Kidd Property
|TORONTO, ONTARIO - CROWFLIGHT MINERALS INC. (TSXV:CML) is pleased to announce the results of the second core drillhole, DDH-WO3-3AW1, as part of its 10,000 meter Phase I exploration core drilling program of the Worthington Offset dyke. The core drillhole intersected significant zones of stringer and massive sulphides. |
Highlights of the results include:
- A true width in QD (Quartz Diorite), which hosts the sulphide mineralization of 33 m
- One 4.5 m intersection of semi-massive to massive sulphides grading at 1.42% nickel, 0.62% copper, 4.14 g/t silver, 0.54 g/t platinum, 1.03 g/t palladium and 0.19 g/t gold
- Combined copper nickel grades of 1.28% and PGMs (platinum group metals) of 1.19 g/t and 3.28 g/t of silver over 10 m
- Within the massive sulphides, 0.17 m intersection of 6.05% nickel, 2.08 g/t silver and 0.94 g/t gold over 0.18 m intersection of 2.07% copper, 0.26% nickel, 13.6 g/t silver, 1.03 g/t platinum, 0.24 g/t palladium and 0.95 g/t gold
Keith C. Minty P. Eng., President & CEO stated "We are very pleased with the results from the 2nd core hole in our program. The drillhole intersected the AMT (Audiofrequency Magnetotelluric) anomaly center with coincident elevated sulphide metal contents. These results validate our employment of advanced geophysical methods, in conjunction with our sound exploration and drilling methods, to successfully locate mineralized zones. There are another three larger and stronger geophysical anomalies that will be intersected by core drillholes and we expect similar or even better results."
Stringer and Massive Sulphide Intersection
The 966.5 meter long DDH-WO3-03AW1 intersected a 65 meter core length interval, from 818.0 meters to 883.0 meters, of disseminated, blebby, stringer, semi-massive and massive sulphide surrounding centimeter to meter scale amphibole-rich to ultramafic inclusions in the Worthington Offset dyke (refer to Figure 2). The dominant sulphide is pyrrhotite with additional chalcopyrite and pentlandite.
The true width of the full interval is 33 meters; whereas, the true width of the semi-massive to massive intersection is 4.55 meters between interval 844.16 and 852.43 meters. The average grade of this reported intersection are: 0.62% Copper, 1.42% Nickel, 4.14 g/t Silver, 0.54 g/t Platinum, 1.03 g/t Palladium, 0.19 g/t Gold. Theses grades are incorporated in a 9.79 meter intersection containing average grades of 0.48% Copper, 0.80 % Nickel, 3.28 g/t Silver, 0.44 g/t Platinum, 0.58 g/t Palladium and 0.17 g/t Gold. Within this 9.79 meter section, a 0.17 m intersection reported grades of 2.07% Copper, 0.26% Nickel, 13.6 g/t Silver, 1.03 g/t Platinum, 0.24 g/t Palladium and 0.95 g/t gold. Another 0.18 meter intersection assayed 0.24% Copper, 6.05% Nickel, 2.08 g/t Silver, 0.49 g/t Platinum, 0.06 g/t Palladium and 0.94 g/t Gold.
A halo of highly anomalous sulphide metals (Cu+Ni) has been encountered in DDH-W03-03AW1 within the Quartz Diorite Offset dyke. Coincident with this halo are highly anomalous levels of platinum and palladium. Additionally, within this halo, significant intersections of platinum and palladium were encountered. The results for these intersections are given in the assay table below. The Cu and Ni values within the halo can vary independently of the platinum and palladium values.
Downhole Transient Electromagnetic (TEM) survey was completed in core drillhole DDH-WO3-03A by Quantec Geoscience Ltd. under the supervision of Crowflight's geophysical Qualified Person, John Buckle, P. Geo. The survey data indicates that the mineralization was intersected in the central portion of the Audiofrequency Magnetotelluric (AMT) anomaly at a vertical depth of 800 meters. This has been confirmed by the in-hole anomaly from the borehole TEM survey conducted immediately upon completion of the drillhole. Inclination wedging was completed up-hole in DDH-WO3-3AW1 and this new hole (DDH-WO3-03AW2) will intersect the zone approximately 50 meters vertically above the mineralized interval (refer to Figures 1 and 2). Further wedging will be implemented if additional mineralization is encountered.
Diamond drilling of the other geophysical anomalies is continuing. Anomaly No. 4 (from DDH-WO3-04) was intersected on its western boundary. A TEM geophysical survey was completed in the drillhole and the anomaly centre was determined to be located 10 to 20 meters to the east and down dip. A wedge was set in the drillhole and the drillhole (DDH-WO3-04W1) is now proceeding to the target. Diamond drilling of Anomaly No. 2 (with DDH-WO3-02A) continues to advance on its target.
Drill core assaying is done by ALS-Chemex of Mississauga, Ontario and Vancouver, British Columbia. The drilling program is being carried out by Crowflight employees, under the supervision of Jean Lafleur, P. Geo., Vice-President Corporate Development. Mr. Lafleur is a qualified person as defined by National Instrument 43-101 with more than 20 years of experience in exploration.
About Crowflight Minerals
Crowflight Minerals is a Canadian junior mining exploration company listed on the TSX Venture Exchange. Crowflight is currently focused on two properties located in the Sudbury Basin - The AER-Kidd and Airport Properties. The AER-Kidd property is located on the Worthington Offset nearby Inco's Totten Deposit (10 million tonnes grading 1.4 % Ni, 1.9 % Cu and 4.7 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 1.2 km east of Falconbridge's past producer, Norduna Mines and 4 km south-east of Falconbridge's recent Nickel Rim South high-grade Cu-Ni-Co-PGE's discovery (6.3 million tonnes grading 1.7% Ni, 4.5 % Cu and 5 g/t Pt+Pd) near their past producer, Nickel Rim Mine.
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.
Keith C. Minty, P. Eng
President & CEO
CROWFLIGHT MINERALS INC.
Jean Lafleur, P. Geol.
VP Corporate Development
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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