Crowflight Discovers Two New Zones of Mineralization Near Past-Producing Manibridge Mine
10 September 2008 - 2:00PM
Marketwired
CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:
CML) is pleased to announce results from exploration activities
conducted in partnership with Pure Nickel Inc. (TSX: NIC) near the
past-producing Manibridge Nickel Mine. The program, initiated in
June of 2008, focused on the investigation of several high caliber
nickel exploration targets located near the site of historical
mining activity conducted by Falconbridge Ltd. during the early
1970s on the property.
Drilling has resulted in the discovery of two nickel zones
located within 400 metres of past production and has confirmed an
extension to the Manibridge deposit itself at depth. Assay results
from the program include: 16.75 metres grading 1.38% nickel from
hole MN08-01, 5.45 metres grading 1.18% nickel from hole MN08-02,
and 6.3 metres grading 1.37% nickel from hole MN08-04. Table 1
summarizes all assay results from the drilling program.
Table 1. Summary of Assay Results
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Hole-ID From To Width Width Ni%
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(m) (feet)
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MN08-01 134.10 137.26 3.16 10.37 0.95
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and 169.50 186.25 16.75 54.95 1.38
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incl. 177.25 186.25 9.00 29.53 1.51
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MN08-02 438.25 443.70 5.45 17.88 1.18
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MN08-03 Hole Lost in Casing
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MN08-04 434.86 465.78 30.92 101.44 0.95
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incl. 455.20 461.50 6.30 20.67 1.37
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MN08-05 No significant results
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MN08-06 No significant results
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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 will be calculated for each intersection. These could
vary somewhat from time to time as the zones are re-interpreted thereby
altering the geometry.
The objective of this phase of the program was to identify new
occurrences of mineralization associated with interpreted
extensions to the Manibridge mine stratigraphy. Crowflight's V.P.
Exploration, Greg Collins commented on the results of the summer
program stating: "We are pleased with the results from our first
investigations near Manibridge as we continue to identify new
sources of potential mill-feed proximal to our operations at the
Bucko Lake Nickel Project. Additional drilling in these areas is
required to assess the resource potential of the intercepted
mineralization, but for now the future looks promising near
Manibridge."
Discussion of Results
MN08-01 - Intersected 16.75 metres grading 1.38% nickel
including 9.0 metres grading 1.51% nickel associated with a new,
near surface zone located approximately 300 metres north of past
production at Manibridge. This zone remains open for expansion to
the south and at depth.
MN08-02 - Intersected 5.45 metres grading 1.18% nickel that
occurs 50 metres below anomalous mineralization intercepted by
historical drilling from underground drilling in exploration drift
at Manibridge. This zone remains open for expansion at depths below
300 metres vertical.
MN08-03 - Hole was lost in casing at depth of 141 metres.
MN08-04 - Intersected 6.30 metres grading 1.37% nickel within
broader zone grading 0.95% nickel over 30.92 metres. This intercept
confirms than an extension of the Manibridge trend is open at
vertical depths below 400 metres and that a recently modelled
interpretation for the plunge of the deposit to the north, away
from previously investigated areas may be correct.
MN08-05 - Intersected key nickel hosting ospwagon stratigraphy
and ultramafic rocks in the vicinity of the targeted magnetic
feature but did not encounter any significant nickel
mineralization. Based on the magnetic model and the drilling
results, greater thicknesses of ultramafic would be expected if
additional drilling was to be completed south of this hole.
MN08-06 - Intersected magnetic gneiss associated with what is
interpreted to be key nickel hosting ospwagon stratgraphy
explaining targeted anomaly. No significant nickel values
returned.
A total of six holes comprising 2,496 metres were completed. All
holes will be probed using downhole time domain EM geophysical
instruments in preparation for a program of follow-up drilling to
commence in the coming months. The Manibridge property is located
approximately 20 kilometres south of Crowflight's mine and mill
complex located at Bucko Lake, near Wabowden, Manitoba. Please
refer to Figure 1 for a map depicting the location of the
Manibridge Property and Figure 2 depicting the location of the
discovered mineralization relative to previous drilling and past
production at Manibridge.
Qualified Person/Quality Control Procedures
This press release has been prepared and reviewed by Mr. Greg
Collins, P.Geo (APGO/APEGM), 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. 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
projected mineralization; and objectives, costs and schedules of
proposed exploration programs. 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, metal prices, competition, risks inherent in the mining
industry, mineralization projections not being realized 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.
Total Shares Outstanding: 269.6MM
Fully Diluted: 307.8MM
52-Week Trading Range: C$0.23 - $0.93
To view Figure 1. Location Map, please visit the following link:
http://media3.marketwire.com/docs/crowflightFigure1.pdf
To view Figure 2. Manibridge Mine Horizon, please visit the
following link:
http://media3.marketwire.com/docs/crowflightFigure2.pdf
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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