Press Release Source: Crowflight Minerals Inc.
Crowflight Drilling Confirms Additional Near Surface Mineralization at Bucko Lake Nickel Deposit
Tuesday May 15, 7:30 am ET
TORONTO, ONTARIO--(CCNMatthews - May 15, 2007) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML - News) is pleased to announce additional assay results from its winter drill program in the Thompson Nickel Belt, Manitoba. Holes BK07-41 and BK07-42 were completed to test for a near surface extension to mineralization associated with the Hinge Zone portion of the Bucko Lake Deposit and to determine potential crown pillar geotechnical conditions.
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Drill hole BK07-41 intersected 3.6 metres (12.0 feet) grading 1.45% nickel. Drill hole BK07-42 intersected nickel sulphide mineralization across two zones, including: 4.2 metres (14.0 feet) grading 1.52% nickel from 250.2 to 254.4 metres and 4.8 metres (15.9 feet) grading 2.11% nickel from 295.5 to 300.3 metres. Table 1 summarizes assay results from this portion of the drilling program. Figure 1 illustrates the location of the drilling.
Greg Collins, Crowflight's Vice President of Exploration, commented on the results of this drilling, stating: "Our objective for this drilling was to assess the resource potential of the near surface extension of the Hinge Zone from drill pads prepared on the ice at Bucko Lake. These holes were unable to be drilled during the summer/fall 2006 program due to the restriction of drilling at that time to sites located along the shoreline. We are encouraged by the results as they demonstrate the potential to expand resources in this area. Additional drill testing of this area and other areas occurring laterally and at depth of known resources, will remain a priority for additional drilling to be conducted from underground infrastructure commencing later this year."
In total, 25 holes, totalling 9,920m were completed during the 2007 winter drill program. Assay results are now available for 15 of the 25 completed holes. Additional drill results including assays from regional exploration targets including Halfway Lake, and projects located approximately 200 kilometres north of the Bucko Deposit in the Thompson Nickel Belt North project area, are pending.
Table 1
Summary of Drilling Results
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Drill Core Core
Project Hole From To Length Length Nickel Copper PGE's(1)
------- ----- ---- -- ------ ------ ------ ------ -----
(metres) (metres) (metres) (feet) (%) (%) (gpt)
Bucko
Hinge BK07 - 41 233.4 237.0 3.6 12.0 1.45 0.14 0.65
BK07 - 42 246.2 254.4 8.2 27.0 1.08 0.10 0.39
including 250.2 254.4 4.2 13.8 1.52 0.11 0.54
and 286.2 304.3 18.1 59.4 1.29 0.10 0.51
including 295.5 300.3 4.8 15.9 2.11 0.12 0.95
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(1) Combined platinum and palladium values
Intersection intervals reported are core lengths, actual true widths are
unknown at this time but are generally 70 to 80% of core length. Once
known, true widths are calculated for each intersection. These could vary
somewhat from time to time as the zones are re-interpreted thereby altering
the geometry.
Paul Keller, Crowflight's Vice President of Operations commented the results, stating: "We're excited to see further confirmation of additional resources in this portion of the Hinge Zone. These resources will be further assessed from underground workings or via a ramp decline, currently the subject of an ongoing study. Mining from these upper areas of the Deposit via this decline ramp could enhance production rates at Bucko by as much as 50%, thereby providing additional annual cash from development of the Deposit and enhanced project economics."
A ramp decline is being investigated to extend from a portal located on the eastern shore of Bucko Lake and to advance around the upper extension of the Hinge Zone being investigated in this drilling. This scenario could provide a means by which to increase underground production by providing a secondary means of access to the upper portions of the mine and the presently envisioned internal ramp system, enabling greater mobility of men and equipment as well as a second route for ore haulage.
Qualified Person/Quality Control Procedures
This press release has been prepared and reviewed by Mr. Greg Collins, P.Geo (APGO/APEGM) a Qualified Person under the NI 43-101 guidelines. Fire assays are performed at the ALS-Chemex laboratory in Vancouver on all the samples for Gold and PGE's which undergo an ICP-AES finish and Sodium Peroxide Fusion. All other metals undergo an ICP-AES finish. Standards and blanks are submitted with each sample batch.
Crowflight - The Base Metal Builder
Crowflight Minerals Inc. is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The company is focused on nickel, copper and Platinum Group Mineral ("PGM") projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option approximately 600 square kilometres of exploration and development properties in Manitoba and Ontario.
In Manitoba, these properties include: (1) the Bucko Lake Nickel Deposit; (2) an earn-in option with Xstrata Nickel on five highly prospective properties (Bucko/Bowden, Resting Lake, Rock Island Lake, Halfway Lake and Gonlin Lake) on the TNB South Project located within 30 kilometres of the Bucko Deposit; and (3) six additional properties (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake) located 100 kilometres to the north on the TNB North Project.
In the Sudbury Basin, these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes grading 1.5% nickel, 2.0% copper and 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property, being explored under a joint venture agreement with Wallbridge Mining Co. Ltd.; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 kilometres south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes grading 1.7% nickel, 3.5% copper and 4.1 g/t PGM's).
Further information regarding Crowflight, including details of its properties, and where relevant its earn-in interests in properties, is available on the Company's web site at www.crowflight.com.
Contact:
Thomas Atkins
Crowflight Minerals Inc.
President and CEO
(416) 861-5900
(416) 861-8165 (FAX)
Website: www.crowflight.com
Rory Quinn
Ascenta Capital
(604) 684-4743 ext 226
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Source: Crowflight Minerals Inc.
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