Crowflight Stakes Additional Ground Adjacent To Its Peter's Roost Project In The North Range Of The Sudbury Basin.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. . (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 has acquired 32 mining units in the Sudbury Mining District, approximately 45 kilometres northwest of the Sudbury City Center, commonly known as the 'North Range' of the Sudbury Basin. The claims were staked to cover recently identified exploration targets in the Peter's Roost Project area located in Hess and Tyrone Townships which are interpreted to be prospective indicators for the presence of Offset Style nickel-copper and platinum group element 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. . Crowflight's Manager of Exploration, Greg Collins who manages the Company's Sudbury project portfolio stated: "Work completed by Terrageos for Crowflight on various features in the North Range of the Sudbury Basin has greatly complemented our proprietary geophysical data set over the Peter's Roost Project Area. This work has enhanced our confidence that geophysical targets identified by the 2004 MegaTEM II survey on Crowflight's property coincide with structural lineaments similar to nearby Sudbury nickel-copper and platinum group element bearing Offset Dykes. The coincidence of these lineaments with geophysical targets having response characteristics typical of massive sulphide is very encouraging and for that reason we have ensured that we enhance our land position to cover these targets." In 2004 Crowflight contracted Fugro Airborne Surveys to cover the Peter's Roost Project area with a MegaTEM II airborne geophysical survey. The survey identified several prospective targets (see press release January 26, 2005) having electromagnetic response characteristics and coincident magnetic features typical of massive sulphide lenses. In 2005, Crowflight contracted the services of Terrageos Remote Sensing to undertake a comprehensive review of lineament lin·e·a·ment n. 1. A distinctive shape, contour, or line, especially of the face. 2. A definitive or characteristic feature. features in the North Range Footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. utilizing data obtained from the multi-spectral ASTER aster [Gr.,=star], common name for the Asteraceae (Compositae), the aster family, in North America, name for plants of the genus Aster, sometimes called wild asters, and for a related plant more correctly called China aster (Callistephus chinensis satellite system. Planning of future exploration activities in the area are currently underway. Crowflight Minerals Inc. maintains a 100% interest in 72 claims totaling 916 exploration units (approximately 146 square kilometres) in the Townships of Hess, Leinster, Tyrone, Botha, Roberts, Kitchener, Creelman, and Hutton, Sudbury Mining District, Ontario. These properties constitute Crowflight's current land holdings in the Peter's Roost Project area. The Peter's Roost Project was acquired by Crowflight in 2004 via a major staking program to secure property in the North Range of the Sudbury Basin covering 2 projected concentric Offset Dykes. Crowflight is in the process of consolidating its property position and has completed sufficient assessment work to keep all property with identified targets in good standing until 2008. Crowflight recently allowed 14 mining claims in Hutton Township to lapse as part of its property consolidation activities in the area. 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 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) ") 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% Cu, 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% Cu, 1.7% nickel, 0.8 g/t Au, 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: 104.6MM Fully Diluted: 144.4MM 52-Week Trading Range: C$0.18 - $0.41 Crowflight Minerals Inc. (TSX VENTURE:CML) |
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