Crowflight Makes Nickel Discovery in Close Proximity to Bucko Deposit, Manitoba.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. . (Crowflight, the Company) (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. ) is pleased to announce that it has discovered significant nickel 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. approximately 3 kilometres north of the 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 in the M11A Prospect within the Thompson Nickel Belt South Project Area near Wabowden, Manitoba. Hole M11A 06-06 returned 15.5 metres of 0.97% nickel from 175.5 to 191.0 metres including 2.05 metres grading 1.24% nickel, 3.38 metres grading 1.87% nickel, and 4.46 metres grading 1.16% Ni (see summary table of assay results below). These grades and intervals compare to the Bucko Deposit discovery hole M77-B which intersected 6.34 metres grading 1.54% nickel and are very close to or above the 1.5% cut-off grade being used in resource and reserve calculations in the Bucko Deposit feasibility study.
Hole M11A 06-06
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Nickel
From To Interval Grade
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(metres) (metres) (metres) (%)
175.50 191.00 15.50 0.97
incl. 175.50 177.55 2.05 1.24
incl. 181.62 185.00 3.38 1.87
incl. 186.54 191.00 4.46 1.16
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Greg Collins, Crowflight's Exploration Manager commented on this intersection, stating: "I am encouraged at this early stage by the apparent similarity of this new nickel occurrence in both style and tenor to the ore mineralogy mineralogy Scientific study of minerals, including their physical properties, chemical composition, internal crystal structure, occurrence and distribution in nature, and origins or conditions of formation. of the Bucko Deposit. We're eager to see the results of the next step-out hole to determine the extent to which this mineralization continues in magnitude and size." A second hole (M11A 06-10) is presently underway targeting a conductive borehole pulse EM geophysical response believed to be associated with this mineralization. This hole is centered approximately 75 metres to the north of hole M11A 06-06. Mineralization in hole M11A 06-06 is associated with a strong 3D magnetic geophysical inversion modeling feature identified by Falconbridge that appears to extend at depth over an untested strike length of 400 metres. Although early thaw conditions threaten ice access to additional drill sites, exploration efforts by Operator Falconbridge have been accelerated to follow-up this intersection while sufficient ice may prevail. Additional assay data for copper, platinum and palladium for hole M11A 06-06 are pending. Qualified Person/Quality Control Procedures This press release has been prepared and revised by Mr. Greg Collins, P. Geo., Crowflight's Exploration Manager, a Qualified Person under the NI 43-101 guidelines, based on data provided by Falconbridge Limited. 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 ICP-AES Inductively Coupled Plasma Atomic Emission Spectroscopy ICP-AES Inductively Coupled Plasma Atomic Emission Spectrophotometry finish and Sodium Peroxide sodium peroxide n. A yellowish-white powder used as a germicide, an antiseptic, and a disinfectant. 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 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. . The company is focused on nickel, copper and Platinum Group Mineral ("PGM PGM Program PGM Pragmatic General Multicast PGM Phosphoglucomutase PgM Program Manager PGM Platinum Group Metal PGM Pagemaker (software) PGM Portable Gray Map PGM Precision Guided Munition ") projects in the Thompson Nickel Belt ("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) ") 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 Nickel Deposit; (2) an earn-in option with Falconbridge Limited 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 @ 1.5% Nickel, 2% Cu, 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property; and (3) the Airport Property (a 50/50 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 south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu, 1.7% nickel, 0.8 g/t Au, 4.1 g/t PGM's). Further information is available on the Company's web site at www.crowflight.com. 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 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 Company cautions investors that the projections for increases to the Indicated Resources are based on Inferred Resources. There is no certainty that these projections will be added to the Indicated Resources or that they will be economically viable. Total Shares Outstanding: 121.5MM Fully Diluted: 165.0MM 52-Week Trading Range Trading Range The spread between the high and low prices traded during a period of time. Notes: When a stock breaks through or falls below its trading range after several days of trading in a range, it usually means there is momentum (positive or negative) building. : C$0.18 - $0.41 Crowflight Minerals Inc. (TSX VENTURE:CML) |
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