Crowflight Minerals Inc.: High-Resolution Geophysics Survey on Thompson Nickel Belt Properties Identifies a Number of High Priority Drill Targets-Today's Webcast to Illustrate Results.TORONTO -- Crowflight Minerals Inc. (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 will be hosting a webcast at 10:30 AM EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT today to provide details concerning exploration programs currently underway 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. (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) ), Manitoba including results of a recently completed Midas, high-resolution, helicopter-borne magnetic 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. undertaken by Fugro Airborne Surveys (overseen by Falconbridge Limited). Webcast Details Date: Thursday March 2, 2006 Time: 10:30 AM EDT Available on Crowflight Website: http://www.crowflight.com. This call will also be available as an archive on Crowflight's website following the completion of the webcast for a period of at least three months. Results of High Resolution Magnetic Survey The Midas, high-resolution, helicopter-borne magnetic survey employs two boom-mounted, high sensitivity magnetic sensors flown over the property at very low altitudes (35 to 40 metres above gound). This survey allows for very detailed measurements of the near surface magnetic field in the underlying rocks, including better calculation and improved imaging and location of magnetic features of exploration interest such as ultramafic rocks (rock type that hosts nickel deposits), iron formations and structural features such as faults and folds. Three dimensional, Inversion modeling performed by Falconbridge improved the resolution of features in the top 200 metres of sub-surface geology by 2 to 3 times what had previously been achieved using prior techniques. A summary report provided to Crowflight by operator Falconbridge states: "The survey has outlined several prospective new targets associated with key stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat units and permissive structure in both the TNB North and TNB South Project Areas." Several of these features are closely associated with intersections containing anomalous grades of nickel (0.5% to 3.33% nickel) over significant intersection lengths (1.0 metre to 11.0 metres). Crowflight Exploration Manager, Greg Collins (P.Geo) commented on the results from the high-resolution survey stating: "The results of this survey have directly influenced and refined targets to be tested during the Winter 2006 drill program on both the TNB North and TNB South Project Areas. As such, we're very excited to see the results of the winter drill program on these targets." Mr. Collins will be presenting details concerning these targets during the course of the Webcast. Drilling is currently underway on the Crowflight - Falconbridge joint venture projects in the TNB South and TNB North Project Areas. Winter Ice conditions and access permitting, a total of 8,000 metres in 20 holes are planned to be completed prior to the end of the second quarter 2006. It is expected that Crowflight will be in a position to begin releasing the results from these programs prior to the end of March 2006. 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") 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 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.] 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% copper, 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% copper, 1.7% nickel, 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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