Crowflight Receives NI 43-101 Report Confirming 88 Million Tonnes at 0.63% Nickel in Inferred Resource at Bowden Lake, Adjacent to the Bucko Deposit.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. . (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 Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature for two separate 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. zones on the Bowden Lake Property, adjacent 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 Company has received a technical report for the Exploration Claims, surrounding the Bucko Deposit, titled 43-101 Technical Evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation. Report of the Bowden Lake, Halfway Lake and Resting Lake Properties, northern Manitoba, dated January 4, 2005, from Alain-Jean Beauregard (P. Geo.) and Daniel Gaudreault (P. Eng.), both of GEOLOGICA Groupe-Conseil, independent Qualified Persons under NI 43-101 standards (refer to the appended map locating the properties). The Bowden Lake Property contains two in-situ Mineral Resources - the Bowden Lake and M11A mineralized zones. Refer to the Crowflight Corporate Presentation at http://www.crowflight.com/presentation/slide20.htm for the location of both mineralized zones. Both zones show sufficient internal continuity of potentially economic Nickel grades, as detailed by the historical drilling that they can be included in the Inferred Resources category following the guidelines of NI 43-101. The complete technical report is available under Crowflight Minerals Inc. on the SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review website at www.sedar.com and on Crowflight's website. The current Inferred Mineral Resources are summarized in the following table:
UNDILUTED MINERAL RESOURCE SUMMARY (Inferred Resources)
Tonnes Nickel
(000's) (%)
Bowden Lake Deposit 88,120 0.63
M11A Deposit 1,650 0.99
TOTAL INFERRED RESOURCES 89,770 0.64
Crowflight has an option to earn a 100% interest in the Bucko Deposit near Thompson, Manitoba and a 50% interest in the adjacent Bowden Lake and M11A Deposits from Falconbridge Limited ("Falconbridge"). GEOLOGICA recommends that extensive assaying for PGE's be conducted on drill core rejects in and near the known Nickel zones, as well as all future drilling at Bowden Lake, M11A, Halfway Lake and Resting Lake. In addition, ground geophysics (such as deep electromagnetic surveys) should be done to locate Nickel-bearing massive sulphides. Exploration and definition drilling should be initiated on the best targets, and especially at the Bowden Lake Deposit (5,000 metres) and on the M11A target (4,000 metres) to define higher grade Nickel, Copper and PGE's lenses. Crowflight and Falconbridge have already initiated a drilling program in the area and completed a deep probing UTEM geophysical survey, which is being currently analyzed by our technical team for potential targets. "The addition of nearly 90 million tonnes of 0.64% Nickel of Inferred Resources at Bowden Lake and M11A will have a significant impact on the future definition drilling and development plans of the Bucko Deposit", states Stan Bharti, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Crowflight Minerals Inc.. Mr. Bharti also adds "The Bucko Deposit hosts a historical lower grade resource of 19 million tonnes at 1% Nickel, of which 2 million tonnes or 10% of the resource is of higher grade at 2.25% Nickel, according to the Micon Preliminary Assessment Study of October 2004. A similar scenario to host higher grade Nickel resources could exist for Bowden Lake and M11A. The addition of almost one billion pounds of Nickel inventory in the ground at one of the largest Nickel Camps in the World, of which Crowflight has an option on 50%, is significant, especially since it is adjacent to the Bucko Deposit." Crowflight Minerals Inc. - The Base Metal Builder Crowflight is a Canadian junior mining exploration 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. focused on Nickel, Copper and Platinum Group Minerals exploration in the Thompson Nickel Belt and Sudbury Basin. The company currently owns and/or has under option more than 672 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 ten highly prospective properties in a partnership with Falconbridge - four around Bucko (Bowden Lake, Resting Lake, Halfway Lake and Gonlin Lake), and six located 100 kilometers to the north on the 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) North Project (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake). The Company also has several advanced projects in Sudbury, which include the AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes @ 1.5% Ni, 2% Cu, 4.8 g/t PGE's), 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 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), Mystery Offset Dyke Option and Peter's Roost. 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. For a Property Location Map of the Thompson Nickel Belt, Manitoba please click on the link below: http://www2.ccnmatthews.com/database/fax/2000/cmlmap.pdf The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Crowflight Minerals Inc. (TSX VENTURE:CML) |
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