Crowflight-Falconbridge Commence Thompson Nickel Belt Winter Exploration Drilling.TORONTO -- Crowflight Minerals Inc. (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 the Company and Falconbridge Limited have commenced 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 on 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 (program operated by Crowflight) and 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. (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) ) South and North regional exploration programs (program operated by Falconbridge). The Company will host a webcast on Thursday, March 2, 2006 to provide greater details on the TNB regional exploration programs. At the Bucko Deposit, Crowflight has the objective of defining additional Indicated Resources to what has already been defined, reported and filed (www.sedar.com) with the publication of the National Instrument 43-101 resource report and feasibility study on the Bucko Deposit (refer to press release dated December 16, 2005). Based on the results of its Summer 2005 drill program at the Bucko Deposit, wherein the Company was able to add 300,000 tonnes of additional Indicated Resources grading 2.1% nickel for total contained nickel of approximately 14 million pounds (refer to press release dated November 9, 2005), Crowflight believes it can add as much as 500,000 to 1,000,000 additional tonnes of Indicated Resources down to the 2000 Level of the Deposit (600 metres below surface). To accomplish the Bucko Winter-2006 Resource Expansion Program, the Company is employing two diamond drill rigs and is planning to drill approximately 8,000 metres to May 2006. On the Thompson Nickel Belt (TNB) regional programs in the TNB North and TNB South project areas (refer to Figure 1), Crowflight and operator Falconbridge are currently planning on drilling a total of approximately 8,000 metres in 20 holes. Exact numbers will depend on ice conditions as a warmer than usual winter may result in certain holes, which if ice conditions permit to be drilled, will be drilled, while if ice conditions are unacceptable may result in other priority targets being tested. Drilling is designed to test various high priority targets and in some cases follow-up on previous intersections containing anomalous grades of nickel (0.5% to 1.25% nickel) over significant intersection lengths (1.0 metre to 11.0 metres). Much of this drilling is located in close proximity to established and/or historical mine infrastructure. It is expected that Crowflight will begin releasing the results from these programs towards the middle of March. Regional Exploration Webcast Crowflight is planning a webcast to illustrate the results of the late 2005 MIDAS Midas (mī`dəs), in Greek mythology, king of Phrygia. Because he befriended Silenus, the oldest of the satyrs, Dionysus granted him the power to turn everything into gold by touch. high resolution helicopter-borne magnetic geophysical survey and the extent to which it has assisted in identifying some of the targets to be tested in the 2006 regional TNB South and North programs, and to provide greater details regarding these programs. Webcast details are as follows: Date: Thursday, March 2, 2006 Time: 10:30 AM EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT Available live on Crowflight Website: http://www.crowflight.com. This call will be available as an archive on Crowflight's website following the completion of the webcast for a period of at least three months. 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") 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 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, 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. TSX-V Trading Symbol Trading symbol See: Ticker symbol : CML Total Shares Outstanding: 121.5MM Fully Diluted: 165.0MM 52-Week Trading Range Trading Range The spread between the high and low prices traded during a period of time. Notes: When a stock breaks through or falls below its trading range after several days of trading in a range, it usually means there is momentum (positive or negative) building. : C$0.18 - $0.41 Crowflight Minerals Inc. (TSX VENTURE:CML) |
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