Crowflight Initiates Exploration on Joint Venture Properties in Thompson Nickel Belt With Falconbridge.TORONTO -- CROWFLIGHT MINERALS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture:CML 1. CML - A query language. ["Towards a Knowledge Description Language", A. Borgida et al, in On Knowledge Base Management Systems, J. Mylopoulos et al eds, Springer 1986]. 2. CML - Concurrent ML. ) and its joint venture partner Falconbridge Limited have initiated a major exploration program at the Bowden Lake, Halfway Lake and Resting Lake properties in the Thompson Nickel Belt
Nickel Belt is an informal nickname for the Sudbury region in Northern Ontario, because of the belt of nickel ore deposits found in the area. (refer to the appended Location Map). These properties are part of a large land package surrounding Crowflight's Bucko buck·o n. pl. buck·oes or buck·os 1. A blustering or bossy person. 2. Irish A young man; a lad. [Alteration of buck1.] Deposit. Crowflight has an exclusive right to earn a 50% interest from Falconbridge in these Properties. The Noranda/Falconbridge exploration team, led by Robin Adair, P. Geo., is managing the exploration program on behalf of Crowflight, under the overall guidance of a Joint Venture Committee. The Noranda/Falconbridge exploration group is recognized world wide for its innovative technologies and unique approach to finding Nickel, and has worked in some of the largest Nickel Camps in the world, including Sudbury, Thompson and Raglan. The entire property package under option by Crowflight covers more than 190 km2 of prime Mining Leases and Claims located in the Wabowden segment of the Thompson Nickel Belt. Falconbridge spent over C$ 15 million on these claims since the 1960's and intersected several Nickel-rich zones. Inco, the World's largest Nickel company, currently operates two mines (Thompson and Birchtree) within the same Belt with annual production of more than 100 million pounds of Nickel and has existing reserves of 34 million tonnes grading 2.19% Nickel and 0.15% Copper. This Belt has already yielded an estimated 4.5 billion pounds of Nickel. The 2004-2005 exploration program will consist of the following elements: - Data compilation, field mapping and sampling, core re-sampling and assaying, and surveying of drill hole collars, to verify and validate the historical database, - Outlining a major surface diamond drill program for the Bowden Lake Property to explore for new higher grade resources at the Bowden Deposit and M11A Target, as well as the Halfway Lake and Resting Lake properties, following up on historical and new Nickel targets. Approximately 15,000 meters in drilling is planned at this time for the first quarter 2005, with about 10,000 meters exclusively for the Bowden Deposit, - A MegaTEM airborne geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. over the entire 190 km2 Thompson Nickel Belt property package, that includes the Bucko Deposit. The objective of the deep penetrating Electromagnetic survey is to define potential Thompson-style massive and/or stringer string·er n. 1. One that strings: a stringer of beads. 2. Architecture a. A long heavy horizontal timber used as a support or connector. b. A stringboard. sulphides, The Exploration Claims offer excellent Nickel potential. The Bowden Lake Property hosts the Bowden Deposit with its historical resources (prior to NI 43-101 standards) of 88 million tonnes at 0.63% Nickel. In the opinion of Mr. A.-J. Beauregard, P. Geol., of GEOLOGICA Inc., an independent Qualified Person under NI 43-101 who has reviewed the geological data, resources models and estimation procedures of the Bowden and nearby Bucko deposits, the historical resources at the Bowden Deposit would be reportable as an Inferred Mineral Resource under the guidelines of NI 43-101. "The primary objective of the 2004-2005 program is to identify significant Nickel, Copper and Platinum Group The platinum group (alternatively, the platinum group metals or platinum metals) is a collective name sometimes used for six metallic elements clustered together in the periodic table. Metals resources on the Exploration Claims,", stated Robin Adair, Exploration Manager -Nickel (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ), for Noranda/Falconbridge. "We hope to identify new higher Nickel grade which are commonly associated with the type of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. and structures encountered at Bowden and Halfway Lake." Historical perspective of the Bowden, Halfway and Resting Lake Properties Bowden Property There are two known Nickel occurrences on the Bowden Lake Property, excluding the Bucko Deposit - the Bowden Deposit and M11A Target. The Bowden Deposit was initially detected in 1962 by an airborne INPUT geophysical survey. Previous work at Bowden Lake by Falconbridge between 1962 and 1995 consisted of ground geophysical surveys (magnetics, IP and seismic) and diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral in the 1960's (61 drill holes totalling 23,410 metres). The historic drilling was widely spaced, with up to 225 metres spacing between drill holes in some areas. The Bowden Lake zone is hosted in one of the largest mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. ultramafic ul·tra·maf·ic adj. Ultrabasic. ultramafic Containing mainly mafic minerals. Used of igneous rocks and often used interchangeably with ultrabasic. Dunite is an ultramafic rock. bodies in the TNB TNB Tenaga Nasional Berhad (electric power utility in Malaysia) TNB Tacoma Narrows Bridge TNB Thomas and Betts TNB Trinitrobenzene TNB Télévision Nationale du Burkina (Burkina Faso) , up to 150 metres wide by 900 metres long. The following table gives a representative listing(1) of historical composite assay results from the Bowden Deposit:
DDH From To Core Historical Assays
No. (metres) (metres) Length Ni (%)
(metres)(2)
(5 out of 42 total intersections)
M76-34 422.3 448.2 25.9 0.82
incl. 431.4 446.6 15.2 1.02
M76-40 170.7 222.6 51.8 0.66
262.2 303.4 41.2 0.59
M76-43 557.9 625.0 67.1 0.67
M76-I 171.0 172.4 1.4 1.31
M76-08 295.7 304.8 9.1 1.29
(1) A complete listing will be available in a NI 43-101 review report
being prepared by A.J. Beauregard, P. Geo., and D. Gaudreault,
P. Eng., of GEOLOGICA Inc., which will be available shortly on
Crowflight's website and under www.sedar.com.
(2) Intersections are approximately at right angles to the
mineralized intervals such that core lengths approximate true
thicknesses.
At M11A, Falconbridge conducted numerous ground geophysical surveys (magnetics, AFMAG AFMAG Air Force Management Analysis Group AFMAG Audiofrequency Magnetic EM and IP) from 1959 onwards over the M11A ultramafic. Consolidated Marbenor Limited completed 46 diamond drill holes between 1959 and 1961, with Falconbridge subsequently drilling 11 in the 1960's. The M11A ultramafic can be traced for more than 4 kilometres in length, of which less than 2.5 km has been drill tested and this is only by widely spaced holes. The following table gives a representative listing(1) of historical composite assay results from the M11A target:
DDH From To Core Historical Assays
No. (metres) (metres) Length Ni (%)
(metres)(2)
(4 out of 16 total intersections)
M11A7 130.8 139.7 8.9 1.11
M11A8 195.9 205.5 9.6 0.76
M11A9 213.7 214.1 0.4 3.90
M11A38 227.2 227.7 0.5 1.65
(1) A complete listing will be available in a NI 43-101 review report
being prepared by A.J. Beauregard, P. Geo., and D. Gaudreault,
P. Eng., of GEOLOGICA Inc., which will be available shortly on
Crowflight's website and under www.sedar.com.
(2) Intersections are approximately at right angles to the
mineralized intervals such that core lengths approximate true
thicknesses.
Halfway Lake Previous work by Falconbridge between 1960 and 1970 on the original Halfway Lake claims comprised of ground geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. followed by 36 drill holes testing shallow targets. Between 1994 and 1996, Falconbridge completed a regional airborne Geotem EM survey and ground geophysics (magnetics and HLEM HLEM Horizontal-Loop Electromagnetic (system) HLEM High Level Event Manager ), followed by 13 diamond drill holes focused on a mineralized ultramafic. The following table gives a representative listing(1) of historical composite assay results from Halfway Lake:
DDH From To Core Historical Assays
No. (metres) (metres) Length Ni (%)
(metres)(2)
(3 out of 5 total intersections)
HW94-02 200.3 208.3 8.0 1.19
HW95-05 406.9 427.0 20.1 1.33
HW96-08 627.9 633.6 5.7 1.25
(1) A complete listing will be available in a NI 43-101 review report
being prepared by A.J. Beauregard, P. Geo., and D. Gaudreault,
P. Eng., of GEOLOGICA Inc., which will be available shortly on
Crowflight's website and under www.sedar.com.
(2) Intersections are approximately at right angles to the
mineralized intervals such that core lengths approximate true
thicknesses.
Resting Lake Previous work conducted at Resting Lake included ground geophysics surveys between 1964 and 1984 that outlined 6 zones of variable Nickel content, which was followed by 56 diamond drill holes in the 1960's. One drill hole intersection is of significance at Resting Lake, from LR-73-29 which gave 1.6% Nickel over a 13.8 metre core length, roughly the true thickness. A 200 metre long mineralized ultramafic was intersected. Crowflight - The Base Metal Builder Crowflight is a Canadian junior mining exploration company listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. focused on Nickel, Copper and Platinum Group Minerals exploration in the Thompson Nickel Belt and Sudbury Basin The Sudbury Basin, also known as Sudbury Structure, is the second largest known impact crater or astrobleme on Earth, and a major geologic structure in Ontario, Canada. The basin is located on the Canadian Shield in the city of Greater Sudbury, Ontario. . The company currently owns and/or has under option more than 365 km2 in Manitoba and Ontario. This includes the Bucko Deposit in Thompson, where the Company is conducting a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. , and three highly prospective properties in a Joint Venture with Falconbridge Ltd around Bucko - the Bowden, Resting Lake and Halfway Lake Properties. The Company also has several advanced projects in Sudbury, which include the AER Kidd Project adjacent to Inco's Totten Mine (10.1 million tonnes @ 1.5% Ni, 2% Cu, 4.8 g/t PGE's), Airport Property (a joint venture with Millstream mill·stream n. The rapid stream of water flowing in a millrace. millstream Noun a stream of water used to turn a millwheel Mines Ltd.) located 4 km on-strike with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% cu, 1.7% Ni, 0.8 g/t Au, 4.1 g/t PGE's), Marble Mountain Marble Mountain may refer to: Mountains
Statements in this release that are not historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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". The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The property location map is available on CCNMatthews' website or by clicking the link below: http://www2.cdn-news.com/database/fax/2000/cmlm1108.pdf The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Crowflight Minerals Inc. (TSX VENTURE:CML) |
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