TORONTO, ONTARIO (TSX VENTURE: CML) today announced final assay
results from its 2008 winter exploration drilling program in the
Thompson Nickel Belt, Manitoba. Results include hole HW08-11
drilled at Halfway Lake that intersected 15.12 metres (49.6 feet)
grading 1.24% nickel, as well as other encouraging assay results
from the Halfway Lake and Bucko North target areas.
A key objective of the 2008 winter exploration program was to
identify additional sources of potential mill feed proximal to the
Company's Bucko Lake Nickel Project (Bucko), located outside
Wabowden, Manitoba. The program was successful in identifying new
occurrences of mineralization at Halfway Lake, the M11A North Zone
and the Bucko North target. These areas are located 20 kilometres,
5 kilometres, and 400 metres respectively from the mill at Bucko,
which is scheduled to commence production by the third quarter of
2008.
In summary, 21 holes for a total of 8,200 metres were completed
during the winter program. Please refer to Figure 1 for a map
depicting the drilling locations and Table 1 for a summary of new
and previously-released assays for the 2008 winter program.
Table 1.
Winter 2008 Exploration Program - Summary of Assay Results
-------------------------------------------------------------------------
Core Core
Drill Hole From To Length Length Nickel Copper PGEs(1)
---------- ---- -- ------ ------ ------ ------ -------
(metres) (metres) (metres) (feet) (%) (%) (gpt)
Halfway Lake
HW08-01(2) 348.20 351.60 3.40 11.2 0.90 0.08 0.11
and 366.00 370.00 4.00 13.1 0.69 0.05 0.13
HW08-02(2) 334.22 347.25 13.03 42.7 1.58 0.09 0.26
Incl. 334.22 339.45 5.23 17.2 1.76 0.07 0.24
Incl. 338.45 339.45 1.00 3.3 2.44 0.05 0.23
HW08-03(2) No significant assays
HW08-04(2) 183.62 199.23 15.61 50.1 1.03 0.06 0.16
Incl. 198.82 199.23 0.41 1.3 8.35 0.03 2.15
HW08-05(2) 135.66 139.00 3.34 10.7 1.16 0.09 0.16
HW08-06(2) 181.98 182.28 0.30 1.0 5.11 0.27 0.63
HW08-07 No significant assays
HW08-08 No significant assays
HW08-09 No significant assays
HW08-10 186.60 192.69 6.09 20.0 0.97 0.07 0.02
HW08-11 222.95 226.21 3.26 10.7 1.03 0.06 0.02
and 231.79 246.91 15.12 49.6 1.24 0.11 0.03
Incl. 236.69 243.83 7.14 23.4 1.57 0.15 0.04
Bucko North
BX08-01(2) 321.47 330.00 8.53 27.99 0.45 0.02 0.05
BX08-02(2) No significant assays
BX08-03 No significant assays
BX08-04 294.69 295.67 0.98 3.22 1.09 0.05 0.02
and 300.25 300.64 0.39 1.28 2.31 0.05 0.04
and 309.54 309.98 0.44 1.44 1.56 0.21 0.04
M11A Zone
M08-01 403.84 413.84 10.00 32.8 0.59 0.05 0.02
M08-02(2) No significant assays
M08-03(2) 357.05 383.73 26.68 87.5 1.30 0.06 0.41
Incl. 357.05 360.05 3.00 9.8 2.24 0.14 0.75
Incl. 374.54 380.30 5.76 18.9 3.06 0.16 1.02
Apex
Zone
AP08-01(2) No significant assays
AP08-02(2) No significant assays
AP08-03 No significant assays
-------------------------------------------------------------------------
(1) Combined platinum and palladium values
(2) Previously reported results - see press releases dated
February 29, 2008 and April 21, 2008
Intersection intervals reported are core lengths; actual true
widths are unknown at this time but are generally 70 to 80% of core
length. Once known, true widths are calculated for each
intersection. These could vary somewhat from time to time as the
zones are re-interpreted thereby altering the geometry.
Greg Collins, Vice President of Exploration for Crowflight
Minerals, commented on the results of the winter program stating:
"The results from the winter exploration program continue to
demonstrate the potential of our 700 square kilometre land package
in the Thompson Nickel Belt. Drilling at the M11A Zone resulted in
the discovery of a new high grade lens, less than 5 kilometres
north of milling operations at Bucko. At Halfway Lake, drilling
confirmed extensions that we expect to enhance the grade and
tonnage of the current resource. Drilling on the Bucko Lake North
intrusion has confirmed the presence of higher grade nickel
sulphide mineralization at depth less than 400 metres north from
the planned underground workings at Bucko. These activities are
positive developments for our Company in that they further expand
our options for growth at our soon-to-be producing Bucko mine in
Wabowden."
Discussion of Results
Halfway Lake
At Halfway Lake, 11 holes totaling 4,529 metres were completed.
Highlights include hole HW08-02, intersecting 13.03m grading 1.58%
nickel (previously released) and hole HW08-11 which intersected
15.12m grading 1.24% nickel, including 7.14m grading 1.57% nickel.
Drilling has confirmed extensions to the previously identified
resource that are expected to enhance the grade and tonnage of the
known resource.
M11A Zone
Near the M11A target, three holes totaling 1,315 metres were
completed. Highlights include hole M08-03, a new high grade lens
located beneath the known M11A North resource which intersected
26.7m grading 1.30% nickel including 5.76m grading 3.06% nickel
(previously released). Holes M08-01 and M08-02 targeted other
portions of the M11A intrusion located more than 500 metres south
of the mineralization intersected in M08-03.
Bucko North
Drilling on the Bucko North target included the completion of
four holes totaling 1,638 metres. Two holes investigated the near
surface potential of the intrusion for condemnation purposes and
have confirmed that there is no open pit potential beneath the site
of the future tailings storage area. Deeper drilling targeting
areas 300 metres below surface confirmed the presence of higher
grade nickel sulphide mineralization first identified by drilling
in 2007. Hole BX07-01 intersected 7.5 metres grading 0.78% nickel
including 1.5m grading 2.19% nickel (previously released).
Highlights from hole BX08-04 include narrow intervals of nickel
sulphide mineralization containing up to 2.31% nickel. The results
of the 2008 program indicate that future work on this target
located 400 metres north of planned workings at Bucko may be best
achieved once underground access from the Bucko Mine is
available.
Apex Zone
Near the Apex target, three holes for 718 metres were completed.
The holes were drilled to test exploration targets located more
than 500m north and south of the previously defined resource at
Apex. One hole (AP08-02) was lost in casing and did not reach its
target objective. Holes AP08-01 and AP08-03 intersected magnetic
gneiss, explaining the targeted geophysical anomaly. The resource
potential at Apex zone remains open for expansion at depth.
Results from this program will be used to generate updated
resource calculations at Halfway Lake and M11A North and be used to
further refine the focus of resource expansion drilling near
Bucko.
2008 Summer Drilling Program at Manibridge
Crowflight and Pure Nickel plan to commence drilling nickel
exploration targets identified close to the past-producing
Manibridge Mine in early June. Results from this program will be
released through the summer and early fall of 2008 as they become
available.
Underground Drilling at Bucko
Crowflight continues to conduct underground drilling from the
1,000 foot level of the Bucko Lake Nickel Project, with the intent
of obtaining further geotechnical information on the deposit and
upgrading the mineral resource and reserve estimates. It is
expected that results from this program will be released through
the late spring and fall of 2008 as they become available.
Qualified Person/Quality Control Procedures
This press release has been prepared and reviewed by Mr. Greg
Collins, P.Geo (APGO/APEGM), who is the Vice President Exploration
of the Company and a Qualified Person under the National Instrument
43-101 guidelines. Fire assays were performed at the ALS-Chemex
laboratory in Vancouver on all the samples for Gold and PGEs which
undergo an ICP-AES finish and Sodium Peroxide Fusion. All other
metals undergo an ICP-AES finish at the ALS-Chemex laboratory in
Vancouver. Standards and blanks are submitted with each sample
batch.
Crowflight Minerals - Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX VENTURE: CML) is a Canadian junior
mining exploration and development company focused on nickel,
copper and Platinum Group Mineral (PGM) projects in the Thompson
Nickel Belt and Sudbury Basin. The Company currently owns and/or
has under option approximately 800 square kilometres of exploration
and development properties in Manitoba and Ontario.
Crowflight's priority is to bring the fully-funded Bucko Lake
Nickel Project located near Wabowden, Manitoba into production by
the third quarter of 2008.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the
information in this press release constitutes "forward-looking
information" within the meaning of Canadian securities law. Such
forward-looking information may be identified by words such as
"plans", "proposes", "estimates", "intends", "expects", "believes",
"may", "will" and include without limitation, statements regarding
mineralization projections; mineral reserve and resource estimates;
scheduled exploration programs and costs thereof; estimated capital
and operating costs; expected production timeline; requirements for
additional financing. There can be no assurance that such
statements will prove to be accurate; actual results and future
events could differ materially from such statements. Factors that
could cause actual results to differ materially include, among
others, ability to realize mineral reserve and resource estimates;
ability to obtain financing; metal prices, competition, risks
inherent in the mining industry, including risks relating to mine
development, and regulatory risks. Most of these factors are
outside the control of the Company. Investors are cautioned not to
put undue reliance on forward-looking information. Except as
otherwise required by applicable securities statutes or regulation,
the Company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new
information, future events or otherwise.
To view Figure 1. 2008 Winter Exploration Program Location Map,
please visit the following link:
http://media3.marketwire.com/docs/CROW0520b.pdf.
Total Shares Outstanding: 267.4MM
Fully Diluted: 307.0MM
52-Week Trading Range: C$0.45 - $1.29
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Crowflight Minerals Mike Hoffman President and CEO
(416) 861-2964 Crowflight Minerals Heather Colpitts Manager,
Investor and Public Relations (416) 861-5803 Email:
info@crowflight.com Website: www.crowflight.com
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