Crowflight Receives MegaTEM Results on Thompson Nickel Belt Properties From Falconbridge.TORONTO -- Crowflight Minerals Inc. (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. ): --FALCONBRIDGE DRILLING AT BOWDEN DEPOSIT --CONFERENCE CALL TO BE HELD AT 10:00 A.M. TODAY CROWFLIGHT MINERALS INC. (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. :CML) announces that its joint venture partner Falconbridge Limited ("Falconbridge") has delivered preliminary results of the airborne MegaTEM 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. flown over the entire Crowflight - Falconbridge 190 km2 land package 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. , that includes 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. The main objective of the deep penetrating geophysical survey was to define the potential for 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. Nickel sulphides, similar to those at Inco's mines along the same belt. In addition, Falconbridge began drilling at the Bowden Deposit. Inco, one of the World's largest Nickel companies, currently operates the Thompson and Birchtree mines 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. The Thompson Nickel Belt has already yielded an estimated 4.5 billion pounds of Nickel. Highlights from the MegaTEM survey include: - Linear and folded magnetic signatures extending for several kilometers in a north-northeast direction. The magnetic trends occur in areas known for rocks belonging to the Pipe Formation, which also hosts Inco's Thompson and Birchtree Nickel deposits. The survey shows more extensive magnetic trends similar to the magnetic signature of the Pipe Formation than previously recognized, increasing the potential for Thompson/Birchtree-style 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. . - There are several discrete magnetic features, similar to those found over the Bowden and Bucko Deposits, consistent with 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. units. These features appear in association with the magnetic linears, consistent with Thompson/Birchtree-style signatures. - A number of new Electromagnetic (EM) anomalies overlap segments of magnetic linears and discrete magnetic features suggesting sulphide development. A total of 25 new claims covering 5,700 hectares or 57 km2 (termed the Gonlin Property) were staked on ground to the southeast of, and contiguous to, the Bucko Deposit and Bowden Lake property, following the preliminary results from the MegaTEM survey. "The Bucko-Bowden segment of the Thompson Nickel Belt has not been explored using new geophysical technologies, such as MegaTEM", 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. "The MegaTEM survey outlined new and significant anomalies that at this early stage indicate a potential for Thompson/Birchtree-style sulphides. The plan is to follow up with ground geophysics 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 ." The entire property package under option by Crowflight now covers 250 km2 of prime Mining Leases and Claims located in the Wabowden segment of the Thompson Nickel Belt. Falconbridge spent more than C$15 million on these claims since the 1960's and intersected several Nickel-rich zones. DRILLING BEGINS AT BOWDEN DEPOSIT Diamond drilling at the Bowden Deposit, which began on November 3, 2004, will provide core for geotechnical and metallurgical test work. The one drill hole planned at this time is expected to be completed in 4 to 6 weeks, and it should intersect the central portion of the deposit. Drill hole statistics are:
Drill hole Coordinates Azimuth/Dip Proposed Target
Number Length Area
BD-04-01 523355 E / 115 degrees / 850 meters 650 meters
6086981 N 55 degrees
Depending on the success of BD-04-01, there are provisions to add extra drill holes into the deposit. However, the main surface drill programs at the Bowden Deposit and the M11A Target, designed to explore for new higher grade resources, will begin early in 2005. Crowflight is also planning a similar series of geotechnical and metallurgical drill holes at the Bucko Deposit in the coming weeks. The Company will release information on the drilling as it becomes available. REMINDER OF CROWFLIGHT CONFERENCE CALL TO BE HELD TODAY ON WEDNESDAY, NOVEMBER 10, 2004 at 10:00 a.m. CROWFLIGHT MINERALS INC. (TSX: CML) has scheduled a conference call on Wednesday, November 10th, 2004.
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CALL DETAILS
Date: Wednesday, November 10th, 2004
Time: 10:00 A.M. EDT
Local callers: 416-695-5261
North American callers: 1-800-769-8320
International callers: +1-416-695-5261
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Highlights of the conference call will be: - Introduction of the Company's new management team; - Update on the Activities at the Company's Bucko Project in Manitoba; - Update on Exploration in the Thompson Belt (to be provided by Falconbridge). Robin Adair, Falconbridge Limited Exploration Manager, North America will be present on the call to provide an update on the Thompson Nickel Belt exploration program from Falconbridge's perspective. An archive recording of the call will be available following completion of the call on the Crowflight website at www.crowflight.com. A copy of the current corporate presentation can also be accessed on the Crowflight website. Alternatively, the corporate presentation can be accessed using the following URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://crowflight.pubco.net/ Crowflight - The Base Metal Builder Crowflight is a Canadian junior mining exploration company listed on the TSX Venture Exchange 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. 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 422 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
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 TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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