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Re: News Release - Thursday, March 04, 2010
Crowflight Reports Final Results From Drilling At M11A North
Deposit
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CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX: CML)
today announced the remaining assay results from a program of
exploration and delineation drilling completed in December 2009 at the
Company's M11A North project area. The M11A North deposit is located
four kilometers north of the Bucko Lake Nickel Mine and milling
operations located near the town of Wabowden, Manitoba. Results for the
final 5 of 18 holes are presented below. Highlight intersections from
the final results include 5.20 metres grading 1.82% nickel in Hole
M09-15 and 4.33 metres grading 2.71% nickel in Hole M09-18.
Table 1.
Fall 2009 Exploration Program at M11A North -- Recent Assay Results
---------- ------ ------ ------ ------ ---- ---- --------
Core Core
---------- ------ ------ ------ ------ ---- ---- --------
Drill Hole From To Length Length Ni% Cu% PGEs (1)
---------- ------ ------ ------ ------ ---- ---- --------
(m) (m) (m) (feet) % % (ppm)
---------- ------ ------ ------ ------ ---- ---- --------
---------- ------ ------ ------ ------ ---- ---- --------
M09-10 334.00 342.98 8.98 29.46 0.93 0.08 0.29
---------- ------ ------ ------ ------ ---- ---- --------
---------- ------ ------ ------ ------ ---- ---- --------
M09-14 No Significant Intercept
---------- --------------------------------------------------
---------- ------ ------ ------ ------ ---- ---- --------
M09-16 405.95 406.35 0.40 1.31 2.94 0.04 1.30
---------- ------ ------ ------ ------ ---- ---- --------
---------- ------ ------ ------ ------ ---- ---- --------
M09-18 292.21 295.53 3.32 10.89 1.06 0.09 0.22
---------- ------ ------ ------ ------ ---- ---- --------
and 313.17 317.50 4.33 14.21 2.71 0.04 0.38
---------- ------ ------ ------ ------ ---- ---- --------
---------- ------ ------ ------ ------ ---- ---- --------
M09-15 330.15 333.75 3.60 11.81 1.54 0.10 0.48
---------- ------ ------ ------ ------ ---- ---- --------
and 429.65 436.00 5.20 17.06 1.82 0.14 0.44
---------- ------ ------ ------ ------ ---- ---- --------
(1) Combined platinum,
palladium and gold values
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.
Drilling completed in late 2009 at M11A was designed to infill
mineralization outlined in 2006 and 2007 and follow-up on the new zone
of mineralization identified in Hole M08-03 in 2008. In total, 6,894
metres in 18 holes were completed during the 2009 program. Please
refer to the press release dated February 4, 2010 for assay results
from the first 13 holes of the M11A drill program.
The Company plans to review results from this program and update
resource calculations at M11A North later this year. Crowflight is
advancing the M11A North deposit with a view to it eventually providing
a source of supplemental feed for the Bucko Mine operations to expand
production and extend the life of the operations. A National
Instrument (NI) 43-101 compliant inferred resource estimate for the
deposit is calculated at 903,000 tonnes grading 1.55% nickel (refer to
press release dated March 12, 2009).
Core samples and interpretive display materials relating to the 2009
program at M11A North will be on display at the Core Shack of the PDAC
on March 7-8, 2010 in Session A at booth 5000. Crowflight invites those
interested in learning more about the geology of the deposit to visit
the Core Shack booth to view the display material and to speak with a
Company representative. Crowflight will also be exhibiting at the
Investors Exchange of the PDAC at booth #2528 from March 7-10, 2010.
Qualified Person/Quality Control Procedures
This press release has been prepared and reviewed by Mr. Greg Collins,
P.Geo. (APGO/APEGM) and VP Exploration of Crowflight, who is 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.
About Crowflight Minerals
Crowflight Minerals Inc. (TSX: CML) is a Canadian junior mining company
that owns the Bucko Lake Nickel Mine near Wabowden, Manitoba. The
Company is also focused on 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. Forward-looking statements include, but are not
limited to, statements with respect to mineralization projections,
including mineral resource estimates; timing, size and cost of future
exploration programs and the potential of using the M11A deposit as a
source of feed for the Bucko mine. 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.
Estimates regarding mineral resource estimates are based on available
information and analysis of management and independent qualified
persons. 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 risks related
to: unexpected events and delays during production; timing and
availability of external financing on acceptable terms; changes in
project parameters as plans continue to be refined; future prices of
minerals, particularly nickel; failure of plant, equipment or processes
to operate as anticipated; accidents, labour disputes and other risks
of the mining industry. 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 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.
Further information is available on the Company's website at
www.crowflight.com or contact:
Mark Trevisiol
President & CEO
Crowflight Minerals
Tel: (416) 861-5893
Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com
Associated File:
http://www.crowflight.com/i/pdf/10-03-04_M11A-map.pdf
171 KB in size, approx. 33 seconds to download at 56.6Kbps
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Copyright (c) 2010 CROWFLIGHT MINERALS INC. (CML) All rights reserved.
For more information visit our website at http://www.crowflight.com/
or send mailto:info@crowflight.com
Message sent on Thu Mar 4, 2010 at 11:22:13 AM Pacific Time
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