CaNickel Intercepts 9.98 Metres of 2.35% Nickel
Published : June 29, 2011
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Keywords :   Copper | Diamond | Gold | Market | Nickel | Platinum | Sudbury Basin |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2011) - CANICKEL MINING LIMITED, formerly "Crowflight Minerals Inc.", ("CaNickel" or the "Company") (News - Market indicators) is pleased to provide the drilling results from the 2011 winter drilling program at the Company's M11A area, a deposit ("M11A North Deposit") of the Company's Thompson Nickel Belt Exploration Project in Manitoba. This deposit is located approximately four kilometers north of the Bucko Lake Nickel Mine and milling operations, near the town of Wabowden, Manitoba. This drill program focused on infill drilling of the mineralized zones to increase the drill hole density and to increase the size of deposit by extending it along strike to the northeast, southwest and at depth.

A total of 5,202 meters in 12 Diamond drill holes was completed, of which 11 holes reached their planned depth with 1,548 samples assayed while one hole was abandoned. This successful winter drilling program demonstrates that the M11A North Deposit can be extended at depth, to the northeast and southwest tying the deposit to mineralization intersected in drill hole M09-17 with several intervals of potentially mineable widths and grades. M11-08 with 14.25 metres grading 1.60% nickel and M11-07 with 14.85 metres grading 1.19% nickel and another intersection of 6.40 metres grading 1.80% nickel has extended the deposit to the northeast. The previously discovered high grade mineralization in M08-03 and M09-12 has been extended further at depth by M11-01 with an intersection of 9.98 metres grading 2.35% nickel. 

Highlight Intersection from the drill holes include: 

  • Hole M11 - 01 intersected 9.98 metres grading 2.35% nickel;
  • Hole M11 - 08 intersected 14.25 metres grading 1.60% nickel with a section of 7.10 meters grading 2.58%;
  • Hole M11 - 07 intersected 14.85 metres grading 1.19% nickel and 6.4 meters grading 1.6% nickel; and,
  • Hole M11 - 11 intersected 7.07 metres grading 1.55% nickel.

Detailed Exploration Results

The following table summarized the detailed drilling results for each drill hole at M11A North Deposit.

Drill Hole From
(m)
To
(m)
Core Length
(m)
Core Length
(ft)
Ni
(%)
Cu
(%)
Pt
ppm
Pd
ppm
M11-01 379.50 385.25 5.75 18.86 0.80 0.06 0.07 0.36
and 416.52 426.50 9.98 32.74 2.35 0.16 0.33 0.50
                 
M11-02 297.44 302.20 4.76 15.62 1.25 0.15 0.12 0.34
and 354.13 362.33 8.20 26.90 1.33 0.04 0.06 0.18
                 
M11-03 272.70 278.10 5.40 17.72 1.53 0.15 0.06 0.31
and 306.55 316.40 9.85 32.32 0.71 0.06 0.07 0.13
                 
M11-04 Lost hole @ 371m depth. No significant Intercept
   
M11-04B 336.05 350.64 14.59 47.87 0.92 0.06 0.11 0.20
and 356.14 363.35 7.21 23.65 1.02 0.09 0.11 0.23
and 371.98 379.60 7.62 25.00 1.45 0.14 0.16 0.30
                 
M11-05 244.45 245.40 0.95 3.12 3.09 0.04 0.22 0.51
                 
M11-06 228.55 231.50 2.95 9.68 0.85 0.04 0.08 0.14
                 
M11-07 372.30 387.15 14.85 48.72 1.19 0.07 0.05 0.16
  incl. 378.60 380.00 1.40 4.59 7.44 0.17 0.09 0.91
and 466.60 473.00 6.40 21.00 1.80 0.09 0.08 0.28
                 
M11-08 314.25 328.50 14.25 46.75 1.60 0.08 0.05 0.15
  incl. 321.40 328.50 7.10 23.29 2.58 0.10 0.08 0.26
                   
M11-09 372.94 383.37 10.43 34.22 0.92 0.06 0.08 0.16
and 398.92 417.80 18.88 61.94 1.00 0.07 0.10 0.22
                 
M11-10 269.90 284.30 14.40 47.24 0.78 0.04 0.08 0.16
and 344.20 355.00 10.80 35.43 0.63 0.05 0.06 0.13
                 
M11-11 274.05 295.17 21.12 69.29 0.98 0.05 0.05 0.12
  Incl. 285.10 292.17 7.07 23.20 1.55 0.07 0.06 0.25
*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.

The M11A North Deposit was discovered by the Company and its partner Xstrata Nickel in 2006 and was followed up by subsequent drilling programs in 2007, 2008 and 2009 (refer to press releases dated July 11, 2006, May 8, 2007, April 21, 2008, May 20, 2008, February 4, 2010 and March 4, 2010). In 2008, a National Instrument (NI) 43-101 compliant inferred resource estimate for the deposit was calculated at 903,000 tonnes grading 1.55% nickel (refer to press release dated March 12, 2009). Due to complications with weather and logistics in the 2009 winter drilling program zones at depth and along strike to the southwest were not able to be tested. The 2011 winter drill program targeted these areas for definition.

The Company plans to review results from this program and update resource calculations at M11A North later this year. The Company is advancing the M11A North Deposit with the expectation that it could eventually provide a source of supplemental feed for the Bucko Mine operations to expand production and extend the life of the operations.

Quality Control

CaNickel executes a quality control program to ensure best practice in sampling and analysis. Samples are cut and split for assay with the remaining sample retained for reference. Assayed samples are transported in sealed and secure bags for preparation at ALS-Chemex Laboratory in Vancouver, British Columbia. Fire assays were performed at 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 every 25 samples.

Mats Heimersson is the Qualified Person on the project as defined under National Instrument 43 – 101. He has verified the information and has reviewed and approved the contents of this news release.

About CaNickel Mining Limited.

CaNickel Mining Limited, formerly "Crowflight Minerals Inc.", (News - Market indicators) is a Canadian junior mining company that owns and operates the Bucko Lake Nickel Mine near Wabowden, Manitoba. The Company also holds nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.

Cautionary Note on Forward-Looking Information

This press release contains forward-looking statements under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks of the Company described in its annual information form that is available under its profile on SEDAR at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.



CaNickel Mining Limited
Derek Liu
CFO and Corporate Secretary
778-372-1806
604-254-8863 (FAX)
www.canickel.com

Crowflight Mineral Inc.

PRODUCER
CODE : CML.TO
ISIN : CA13758Y2015
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Crowflight Mineral is a nickel producing company based in Canada.

Crowflight Mineral produces nickel, copper in Canada, and holds various exploration projects in Canada.

Its main asset in production is BUCKO LAKE in Canada and its main exploration properties are AER/KIDD, PETER'S ROOST and TNB NORTH in Canada.

Crowflight Mineral is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 938 000 as of today (US$ 682 583, € 609 615).

Its stock quote reached its highest recent level on November 01, 1996 at CA$ 96.02, and its lowest recent point on February 04, 2016 at CA$ 0.03.

Crowflight Mineral has 37 520 000 shares outstanding.

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In the News and Medias of Crowflight Mineral Inc.
9/21/2006Ascenta Capital Partners Crowflight Report.pdf
Annual reports of Crowflight Mineral Inc.
Annual Report 2006
Financings of Crowflight Mineral Inc.
1/27/2011Announces $30 Million Private Placement
1/28/2010Provides Further Details on Non-Binding Expression of Intere...
9/22/2009Announces Private Placement Financing
7/28/2009Announces Closing of Previously-Announced Private Placement ...
7/8/2009Announces Private Placement Financing and Provides Bucko Upd...
12/31/2008Amends Terms of Warrants in Connection with Debt Facility Re...
12/17/2008Closes Underwritten Flow-Through Private Placement Financing...
12/2/2008Announces Underwritten Flow-Through Private Placement Financ...
4/30/2008 Closes Bought Deal Private Placement Financing of $11 Milli...
4/16/2008 Announces Bought Private Placement Financing of $11 Million
Nominations of Crowflight Mineral Inc.
3/23/2010Appoints Stephen Davies as Chief Operating Officer
8/21/2009Appoints Mark Trevisiol as President and CEO
5/27/2009Appoints Mike Kelly as President & CEO and Mike Hoffman as C...
5/26/2008Appoints Anna Ladd as CFO
9/10/2007Appoints Bruce Humphrey as Chairman and Mike Hoffman as Pres...
Financials of Crowflight Mineral Inc.
7/26/2011CaNickel Announces Second Quarter 2011 Financial Results and...
5/18/2010Announces First Quarter 2010 Financial Results
11/17/2009Announces Third Quarter 2009 Financial Results
8/13/2009Announces Second Quarter 2009 Financial Results
3/9/2009Announces Fourth Quarter and Year-End 2008 Financial Results
11/19/2008Reports Q3 2008 Financial Results
Project news of Crowflight Mineral Inc.
4/25/2011(Bucko Lake)Announces Restart of Bucko Lake Mine Operation
3/22/2010(Bucko Lake)Resumes Nickel Concentrate Shipments from Bucko Mine
3/4/2010(M11a)Reports Final Results From Drilling At M11A North Deposit
8/5/2009(Bucko Lake)Provides Bucko Mine Update
7/13/2009Intersects High Grade Nickel Off Surface Ramp at the Bucko M...
6/1/2009(Bucko Lake)Reports Results From Underground Drilling At The Bucko Mine
2/13/2009(Bucko Lake)Ships First Concentrate from Bucko Lake Nickel Mine to Becom...
1/23/2009(Bucko Lake)Intersects 9.56 Metres Of 7.87% Nickel; Commences Phase 2 De...
11/20/2008(Bucko Lake)Provides Bucko Lake Nickel Mine Update
10/1/2008Announces Mill Commissioning Underway at Bucko; Intersects 8...
6/25/2008(Bucko Lake)Provides Update on Underground Drilling at Bucko
5/20/2008(Bucko Lake)Final Results From Winter Exploration Drilling Further Indic...
5/9/2008(Bucko Lake)Provides Bucko Lake Nickel Project Update
4/23/2008(Bucko Lake)Discovers New Zone Of Mineralization At M11A North; Intersec...
3/28/2008(Bucko Lake) Commence Production at Bucko Lake Nickel Project
2/29/2008(Halfway Lake) Drilling at Halfway Lake Intersects 13 Metres Grading 1.6% ...
2/20/2008(Aer Kidd) Options AER Kidd Property in Sudbury; Provides Additional D...
1/23/2008(Bucko Lake) Finalizes $55 Million Debt Facility to Complete Bucko Lake ...
1/10/2008(Bucko Lake) Secures $55 Million Debt Facility to Complete Bucko Lake Ni...
9/17/2007(Bucko Lake)Reports New Inferred Nickel Resources for Deposits Near Buck...
Corporate news of Crowflight Mineral Inc.
9/23/2013CaNickel Announces Results of 2013 Winter Drill Program-Inte...
7/12/2013(Bowden Lake)CaNickel to Release Drilling Results at Bowden Lake Property
6/28/2013CaNickel Reports of Voting Results of Annual Meeting
10/29/2012(Bucko Lake)CaNickel Announces Updated Mineral Reserves and Resources fo...
9/14/2012CaNickel Announce Share Consolidation
9/7/2012CaNickel to Release 2012 Winter Drilling Results
7/5/2012CaNickel to Provide Business Updates
6/11/2012CaNickel Annual General Meeting Update
5/16/2012CaNickel to Suspend Blasting and Mill Operations
5/11/2012CaNickel Achieved Positive EBITDA
4/17/2012CaNickel Achieved Record Mill Recovery Rate
3/5/2012CaNickel Intercepts 7.3 Metres of 2.59% Nickel
2/6/2012CaNickel Files Preliminary Short Form Base Shelf Prospectus
12/29/2011CaNickel to Reduce Operations
9/30/2011CaNickel Granted Revised Environment Act Licence
8/22/2011CaNickel Announce New CEO and Change to the Board
6/29/2011CaNickel Intercepts 9.98 Metres of 2.35% Nickel
6/22/2011Announces Name Changed and Provides Business Updates
5/30/2011Arranged Debt Facility
4/14/2011Proposes Name Change and Share Consolidation
3/28/2011to Settle $11.3 Milion Debt for 258.8 Million Shares
3/16/2011Provides Legal Update
3/7/2011Receives $30 Million Financing Proceeds
2/22/2011 King Place Transferred 103.5 Million Shares
2/22/2011s Inc.: King Place Transferred 103.5 Million Shares
3/16/2010Provides Update on TSX Delisting Review
3/10/2010Resumes Milling Operations at Bucko
2/24/2010Provides 2010 Outlook
1/28/2010Announces Strategic Review And Private Placement Financing
2/26/2009Now Debt Free After Closing Out Hedge
1/13/2009Implements Additional Metal and Foreign Exchange Price Prote...
12/2/2008to Commence Trading on Toronto Stock Exchange
11/21/2008Obtains Conditional Approval to Trade on Toronto Stock Excha...
9/10/2008Discovers Two New Zones Of Mineralization Near Past-Producin...
7/30/2008Finalizes Metals Price Protection Requirements for Debt Faci...
1/21/2008 Accepts $55 Million Debt Facility Offer; Commences 2008 Exp...
1/21/2008Announces Changes To Board of Directors
11/15/2007 Partners with Pure Nickel to Explore Past Producing Manibri...
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