Crowflight Minerals Inc. -- Regulatory Approval of the AER Acquisition; Deep Drilling, Geophysical Programs Underway on Sudbury Basin Ni/Cu/PGM Targets.Business Editors TORONTO--(BUSINESS WIRE)--July 17, 2000 Crowflight Minerals Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :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 the commencement of exploration at its recently optioned AER (Kidd) Ni/Cu/PGM deep prospect. The AER Option, which received regulatory approval on July 13, 2000, is located immediately northeast and tying on to the property boundary of Inco's recently discovered deep high-grade Totten deposit on the Worthington Offset dyke. On April 12, 2000, Inco announced a resource at the Totten deposit of 8.4 million tonnes grading 1.42% nickel, 1.90% copper and 4.7 grams per ton 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. Inco stated that the deposit is still open to depth and drilling continues. Inco plans to test additional geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. targets along the Worthington Offset dyke. Crowflight's exploration program on the Worthington Offset dyke will consist of:
1:an Audio-Magneto-Telluric (AMT) geophysical survey to
identify deep targets within and proximal to the Worthington
Offset dyke;
2:a VLF EM-electromagnetic and magnetic survey over the entire
property commencing July 17, 2000;
3:A 1700-metre -75 degree diamond drill hole which will be probed
when completed using a down-hole Pulse EM system. The hole should
reach projected depth in about a month.
The preliminary deep hole will generate a geological section, assist in the interpretation of the AMT See vPro. survey, and permit down-hole Pulse EM geophysical surveys 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. to locate any anomalies that may be present within a radius of several hundred meters of the drill hole. Shares Outstanding: 14,188,283 Fully diluted: 18,871,049 Close July 14, 2000: $0.57 For further information, please contact Dr. James M. Patterson, Vice President, Exploration at (416) 368-0114 or fax (416) 368-0198. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion