Crowflight Provides Update On Exploration Activities In The Thompson Nickel Belt.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- 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. ) is pleased to provide an update on exploration activities on its joint venture in the Thompson Thompson, city, Canada Thompson, city (1991 pop. 14,977), central Man., Canada, on the Burntwood River. A mining town, it developed after large nickel deposits were discovered in the area in 1956. 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) ") with Falconbridge Falconbridge can mean:
Under its agreements with Falconbridge, Crowflight has an option to earn a 100% interest in 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 nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. Deposit (refer to Figure 1, Location Map) by completing 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. , arranging financing and bringing the deposit into production. In addition Crowflight has the option to earn a 50% interest in Falconbridge's share of approximately 440 square kilometres Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
Objectives of the 2004 - 2005 Exploration Program Exploration activities on the TNB properties are focused on the discovering of a multi-million tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. primary nickel deposit through Falconbridge's (the operator of the exploration program) application of modern 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. techniques supported by more recently understood models of nickel deposition Deposition Christ is taken from the cross and enshrouded. [N.T.: Matthew 27:57–60; Christian Art: Appleton, 55] See : Passion of Christ (based on Thompson, Raglan and Voisey's Bay nickel deposits). Exploration activities began on the TNB South properties in 2004 with the compilation Compiling a program. See compiler. of historical data and a regional airborne airborne /air·borne/ (ar´born) suspended in, transported by, or spread by air. airborne, adj carried through the air. In health care settings, viruses or bacteria may become airborne, e.g. geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. program over most of the property package followed by follow-up follow-up, n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan ground 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. . This work provided the foundation for the winter 2005 program that shifted to a focus on drilling and down-hole geophysics. The exploration approach is to telescope telescope, traditionally, a system of lenses, mirrors, or both, used to gather light from a distant object and form an image of it. Traditional optical telescopes, which are the subject of this article, also are used to magnify objects on earth and in astronomy; from a broad regional examination to specific target generation and evaluation with maximum emphasis placed on drill investigation. Geophysical surveys were used to measure responses indicative of ultramafic rocks Ultramafic (or ultrabasic) rocks are igneous and meta-igneous rocks with very low silica content (less than 45%), generally >18% MgO, high FeO, low potassium, and are composed of usually greater than 90% mafic minerals (dark colored, high magnesium and iron content). and consistent with both massive and disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. nickel-bearing sulphide sulphide: see sulfide. rocks and identify extensions to known 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 rocks.
TNB Exploration Program Summary
Percent of Program
2004 2005 2006
---- ---- ----
Compilation 30% 10% 5%
Airborne Geophysics 48% 0% 0%
Ground geophysics 10% 35% 5%
Drilling 10% 45% 70%
Bore hole Geophysics 2% 10% 20%
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 sought to test the occurrence of high grade nickel bodies within geophysical anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. areas and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. within historically identified nickel mineralized occurrences. Nickel values in drill core grading above 0.5% nickel are considered excellent indicators of geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. environments with the potential to host higher grade nickel deposits. An area of only 200 metres by 200 metres with a thickness of 10 metres would host a nickel deposit measuring approximately 1.2 million tonnes. Thompson Nickel Belt South On the Bucko Nickel Deposit diamond drilling was focused on in-fill and metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. testing, confirmation of the outer boundaries of the known higher grade resource block and to test depth and lateral lateral /lat·er·al/ (-il) 1. denoting a position farther from the median plane or midline of the body or a structure. 2. pertaining to a side. lat·er·al adj. 1. extensions of known 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. . At the M11A, Bowden Bowden may refer to:
Bucko Deposit Winter diamond drilling was designed to: (1) in-fill areas of known mineralization and to provide a bulk sample for metallurgical testing; and (2) to delineate the extent of known mineralization and to test potential extensions to the Bucko mineralized. A total of 7 holes for 1,102 metres were drilled for in-fill and metallurgical purposes and 9 holes for 3,971 meters were drilled to delineate and test potential extensions to Bucko (results from a number of these holes have been released - press releases of March 3, March 7 and March 30, 2005). Electromagnet electromagnet, device in which magnetism is produced by an electric current. Any electric current produces a magnetic field, but the field near an ordinary straight conductor is rarely strong enough to be of practical use. down-hole geophysical readings were taken in a number of these holes to test the extent of mineralization. Further geophysical surveys and additional diamond drilling are planned during the 2005 summer program with the objective of extending the mineral resource at Bucko. Bowden Lake Project Bowden nickel mineralized ultramafic rocks extend over a known area of 4.5 kilometres by 1.2 kilometres under Bowden Lake. Previous drilling (Falconbridge - 1970's), consisting of shallow and very widely spaced drill holes had outlined a large tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. , lower grade deposit on the property (82 million tonnes grading 0.62% nickel). Exploration activities during the winter program, included conducting ground geophysical surveys with the objective of identifying near surface massive sulphide bodies and outlining higher grade zones of nickel mineralization associated with the historically identified mineralized ultramafics on the property. These surveys confirmed the extent of the main mineralized 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. body and indicated numerous possible extensions to the north and south. Six drill holes for a total of 3,212 metres were drilled off the ice on Bowden Lake during the winter. Results are pending. Further drilling is planned for next winter's program to further test the high grade potential of the mineralized ultramafics at depth and potential extensions along strike.
Table 1
Summary of TNB South Drilling
TNB SOUTH
---------
Drill Target Actual
Project Area Hole No. Drill Target Depth Depth
------------ -------- ------------ ------ ------
(m) (m)
---------------------------------------------------------------------
Bucko
Feasibility N05-12A Metallurgical testing - infill
hole 182 182
---------------------------------------------------------------------
N05-12B Metallurgical testing - infill
hole 167 167
---------------------------------------------------------------------
N05-12C Metallurgical testing - infill
hole 201 201
---------------------------------------------------------------------
N05-15A Metallurgical testing - infill
hole 94 94
---------------------------------------------------------------------
N05-15B Metallurgical testing - infill
hole 112 112
---------------------------------------------------------------------
N05-21A Metallurgical testing - infill
hole 144 144
---------------------------------------------------------------------
N05-21B Metallurgical testing - infill
hole 202 202
---------------------------------------------------------------------
---------------------------------------------------------------------
SUB TOTAL 1102 1102
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
Bucko
Deliniation
/ Extension BX05-01 Test large ultramafic northwest
of Bucko Deposit 400 360
---------------------------------------------------------------------
BX05-02 Test geophysical conductor in the
southern extension of Bucko 250 246
---------------------------------------------------------------------
BX05-03 Under cut hole BX05-02 300 297
---------------------------------------------------------------------
BK05-01 Metallurgical testing - infill
hole 653 653
---------------------------------------------------------------------
BK05-02A Metallurgical testing - in-fill
hole (wedge cut off BK05-02)
- recollared from hole BK05-02 505 505
---------------------------------------------------------------------
BK05-03 Test extension of Ni bearing
ultramafic to the south 656 656
---------------------------------------------------------------------
BK05-04A Test extension of Ni bearing
ultramafic to the south 711 711
---------------------------------------------------------------------
BK05-05 Hole abandoned 266
---------------------------------------------------------------------
BK05-06 Test extension of Ni bearing
ultramafic to the south 764 764
---------------------------------------------------------------------
BK05-07 Test extension of mineralization
to northeast Hinge zone 437 437
---------------------------------------------------------------------
BK05-08 Test extension of mineralization
to northeast Hinge zone 450 500
---------------------------------------------------------------------
---------------------------------------------------------------------
SUB TOTAL 5126 5395
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
Bowden Lake BD05-02A Upper cut of historical hole
M76-43 (0.67% Ni over 67.1 m) -
recollared from hole BO05-02 600 608
---------------------------------------------------------------------
BD05-03 Under cut of historical hole
M76-43 800 848
---------------------------------------------------------------------
BD05-04 Test down-dip extension of
historical hole M76-34 (0.82% Ni
over 25.9 m, incl. 1.02% Ni over
15.2 m) 900 803
---------------------------------------------------------------------
BD05-05 Test down-dip extension of
historical hole M76-40 (0.59% Ni
over 41.2 m, incl. 1.03% Ni over
4.6 m) 650 521
---------------------------------------------------------------------
BD05-06 Test geophysical anomoly 300 289
---------------------------------------------------------------------
---------------------------------------------------------------------
SUB TOTAL 3250 3069
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
M11A M11A05-01 Down dip extension of M11A-8 where
historic drilling intersected
0.76 % Ni over 9.57 m 450 471
---------------------------------------------------------------------
M11A05-02 Test between historic holes
M11A-34 (0.68 % Ni over 1.77 m)
and M11A-H (0.71 % Ni over
4.57 m) 350 398
---------------------------------------------------------------------
M11A05-03 Test geophysical anomoly 300 251
---------------------------------------------------------------------
M11A05-04 Test geophysical anomoly 300 273
---------------------------------------------------------------------
---------------------------------------------------------------------
SUB TOTAL 1400 1393
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
Halfway lake HW05-14 Test interpreted fold nose of
ultramafics 650 686
---------------------------------------------------------------------
HW05-15A Deep undercut of historic assay
(1.25% Ni over 5.72 m) -
recollared from hole BK05-15 900 drilling
---------------------------------------------------------------------
---------------------------------------------------------------------
SUB TOTAL 1550 686
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
Resting Lake RL05-01 Test north extension of La Ronge
horizon, downward plunge of
mineralization 250 200
---------------------------------------------------------------------
RL05-02 Test south extension of La Ronge
horizon, upward plunge of
mineralization 350 356
---------------------------------------------------------------------
---------------------------------------------------------------------
SUB TOTAL 600 556
---------------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
TNB SOUTH TOTAL 13028 12201
---------------------------------------------------------------------
---------------------------------------------------------------------
M11A Project Geophysical surveys conducted as part of the winter program extended the known nickel mineralized ultramafic rocks from 3.5 kilometres (which had undergone historical drill testing) to over 5 kilometres in length. A total of 4 holes were drilled for 1,393 metres including 2 holes which tested new geophysical targets along strike to the north and to the south and 2 holes which tested the continuity of historic, high grade drill intersected nickel mineralization (hole M11A7 grading 1.11% nickel over 8.9 metres and M11A9 grading 3.90% nickel over 0.4 metres). Results are pending. Further drilling will continue to test this mineralization at depth and along strike and is being considered as part of the 2005 summer program. Halfway Lake Project At Halfway Lake, historical Falconbridge drilling outlined a nickel mineralized zone within an ultramafic sequence of rocks comparable to those which host Inco's Thompson Nickel deposits. Historical drill intercepts include: 1.38% nickel over 17.5 metres and 1.25% nickel over 5.7 metres. Geophysical surveys measured extensions to this known mineralization along strike and at depth. During the winter program 2 drill holes totalling 1,708 metres and borehole bore·hole n. A hole that is drilled into the earth, as in exploratory well drilling or in building construction. geophysical surveys tested a potential massive sulphide body thought to form the keel keel 1. the ventrally directed large surface of the bird's sternum, the site of attachment of the major muscles of flight. Called also carina. 2. the prominent area over the sternum in Dachshunds. of the folded host structural feature down dip of the historical high grade nickel mineralization. Results are pending. Additional drilling is planned to further test this zone. Resting Lake Project At Resting Lake, previous drilling by La Ronge Mining intersected a copper-nickel mineralized ultramafic body with discontinuous discontinuous /dis·con·tin·u·ous/ (dis?kon-tin´u-us) 1. interrupted; intermittent; marked by breaks. 2. discrete; separate. 3. lacking logical order or coherence. nickel mineralization over 200 metres. The best intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. returned 1.35% nickel over 15.6 metres. During the winter program 2 drill holes totalling 556 metres tested the lateral extent of the historical mineralization. Results are pending. Further drilling is planned to continue to test this zone as part of the 2005 summer program. Thompson Nickel Belt North The joint venture's TNB North exploration program focused on in-filling historical geophysical data with ground geophysics surveys across portions of the Strong Lake, Moak Lake, Burntwood River and Birchtree North Properties. As a follow-up to this work, 8 diamond drill holes were drilled totalling 1,774 metres on the Strong Lake and Moak Lake properties and 3 holes totalling 1,395 metres were drilled on the Burntwood River Property. projects (refer to Table 2, Summary of TNB North Drilling). Strong Lake and Moak Lake Projects The Strong Lake/Moak Lake Properties are situated immediately adjacent to deposits of Nuinsco Resources and Inco Limited. Seven previously identified geophysical targets were drill tested during the winter program targeting high grade nickel massive sulphide bodies similar to Inco's Thompson deposits. Results are pending. Further drilling is planned for next winter's program. Burntwood River and Birchtree North Projects The Burntwood and Birchtree Properties host structural repetitive horizons similar to those that host Inco's Birchtree mine Birchtree Mine is an underground nickel mine, owned and operated by CVRD Inco in the city of Thompson, Manitoba, Canada. Birchtree mine first opened in 1966, and was placed on standby between 1978 and 1988. The mine reopened again in 1989. . Widely spaced historical drilling along an 8 kilometre trend (Jacmar Zone) on the Burntwood Property tested a continuous zone of narrow massive sulphide mineralization potentially representing the Birchtree mine horizon. Recent and historical geophysical surveying also outlined numerous conductive conductive having the quality of readily conducting electric current. conductive flooring flooring or floor covering made specially conductive to electrical current, usually by the inclusion of copper wiring that is earthed targets that potentially represent other Birchtree mine horizon targets. The recently completed phase of the 2005 joint venture exploration program, included three drill holes totalling 1,395 metres, two of which tested the Jacmar zone and one hole which tested a new target outlined by recent geophysical surveys. Results are pending. Further drilling is being considered as part of the 2005 summer program.
Table 2
Summary of TNB North Drilling
TNB NORTH
---------
Drill Target Actual
Project Area Hole No. Drill Target Depth Depth
------------ -------- ------------ ------ ------
(m) (m)
---------------------------------------------------------------------
Strong Lake
/ Moak Lake ML05-01 Test geophysical anomalies 250 251
---------------------------------------------------------------------
ML05-02 Test geophysical anomalies 300 251
---------------------------------------------------------------------
ML05-03 Test geophysical anomalies 225 250
---------------------------------------------------------------------
ML05-04 Test geophysical anomalies n/a 171
---------------------------------------------------------------------
ML05-05 Test geophysical anomalies 300 245
---------------------------------------------------------------------
ST05-01 Test geophysical anomalies 200 200
---------------------------------------------------------------------
ST05-02 Test geophysical anomalies 200 200
---------------------------------------------------------------------
ST05-03 Test geophysical anomalies 200 206
---------------------------------------------------------------------
------------
TOTAL 1675 1774
------------
------------
---------------------------------------------------------------------
Burntwood
River BW05-01 Test the Jacmar nickel horizon
with associated geophysical
anomalies 550 521
---------------------------------------------------------------------
BW05-02 Test the Jacmar horizon (historic
assay grades 3.33% Ni over 0.75 m)
with associated geophysical
anomalies 550 512
---------------------------------------------------------------------
BW05-03 Test Bucko Type geophysical
anomalies (historic assay grading
0.61% Ni over 7.32 m) 350 362
---------------------------------------------------------------------
------------
TOTAL 1450 1395
------------
---------------------------------------------------------------------
---------------------------------------------------------------------
TNB NORTH TOTAL 3125 3169
---------------------------------------------------------------------
---------------------------------------------------------------------
Crowflight - The Base Metal Builder Crowflight Minerals Inc. is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. 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 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. Mineral projects in the Thompson Nickel Belt ("TNB") 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 672 km2 of exploration and development properties in Manitoba and Ontario. In Manitoba, these properties include: (1) the Bucko Deposit, where the Company can earn a 100% interest by completing a feasibility study (in progress) and finance and begin production on a high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. underground nickel resource (forecasted production in 2007), and (2) an earn-in option on ten highly prospective properties with Falconbridge Limited, including five on the TNB South Project within 30 kilometres of the Bucko Deposit (Bucko/Bowden, Resting Lake, Rock Island Lake, Halfway Lake and Gonlin Lake), and six located 100 kilometres to the north on the TNB North Project (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake). 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 PGE's), (2) 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 PGE's), (3) the optioned (100% earn-in) Mystery Offset Dyke Property and (4) the 100% owned Peter's Roost Property. 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 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. NOTE: There is a map available on CCNMatthews' website at: http://www2.ccnmatthews.com/database/fax/2000/cml22.pdf Total Shares Outstanding: 71.5MM Fully Diluted: 103.5MM 52-Week Trading Range: C$0.14 - $0.41 Crowflight Minerals Inc. (TSX VENTURE:CML) |
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