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Re: News Release - Monday, April 21, 2008
Crowflight Discovers New Zone Of Mineralization At M11A North;
Intersects 26.7 Metres Grading 1.30% Nickel
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CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture
Exchange: CML) today announced further assay results from its 2008
winter drilling program that recently concluded in the Thompson Nickel
Belt, Manitoba.
Exploration diamond drilling has intersected what is interpreted to be
a new zone of nickel sulphide mineralization located beneath the M11A
North deposit, approximately 4 kilometres north of the Bucko Lake
Nickel Deposit (Bucko) that is currently under development. Of
particular note is Hole M08-03 that intersected 26.7 metres (87.5 feet)
grading 1.30% nickel including 5.76 metres (16.6 feet) grading 3.06%
nickel.
In addition to encouraging results at M11A North, Crowflight has
intersected additional nickel mineralization at its Halfway Lake
deposit. Please refer to Table 1 for a summary of results received to
date and Figure 1 for a map depicting the location of drilling.
Greg Collins, Crowflight's Vice President of Exploration, commented on
the results stating: "The results from hole M08-03 represent some of
the highest grade mineralization over the longest interval that we have
encountered at M11A North to date. In 2007, work near M11A focused on
establishing a NI 43-101 compliant Inferred Resource following the
initial discovery of the deposit in 2006. Hole M08-03 appears to have
intersected a new Lower Zone of mineralization located beneath the
known resource that remains open along strike and at depth. Overall,
results from the 2008 winter exploration program continue to
demonstrate the potential for resource additions near Bucko and provide
new options for Crowflight to support future expansion or extended mine
life at its Bucko operations."
Table 1.
Winter 2008 Exploration Program - Summary of Assay Results To Date
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Core Core
Drill Hole From To Length Length Nickel Copper
PGE's(1)
---------- ---- -- ------ ------ ------ ------
--------
(metres) (metres) (metres) (feet) (%) (%)
(gpt)
M11A Zone
M08-03 357.05 383.73 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
M08-02 no significant assays
Apex Target
AP08-01 no significant assays
AP08-02 no significant assays
Bucko North
BX08-01 321.47 330.00 8.53 27.99 0.45 0.02
0.05
BX08-02 no significant assays
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 no significant assays
HW08-04 183.62 199.23 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
HW08-05 135.66 139.00 3.34 10.7 1.16 0.09
0.16
HW08-06 181.98 182.28 0.30 1.0 5.11 0.27
0.63
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(1) Combined platinum and palladium values
(2) Previously reported results - see press release dated February 29,
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.
During the 2008 winter program, Crowflight completed 21 drill holes for
a total of 8,200 metres and has received assay results for 12 holes
thus far. Results from the remaining nine holes will be released over
the coming weeks as assay results become available. Crowflight will
also be updating the resource estimates on its Halfway Lake, Apex and
M11A deposits as exploration results are received and analyzed.
Crowflight expects to begin its drilling program on the Manibridge
joint venture with Pure Nickel in mid-May 2008. For now, the Company
has temporarily ceased drilling activities in Manitoba due to
conditions related to the annual spring thaw.
Over the coming months, Crowflight plans to complete studies on
increasing overall mine reserves at Bucko by lowering the cut-off grade
from 1.4% nickel to approximately 1.0% nickel and utilizing the mill
capacity of 1,500 tonnes per day. A planned Cdn$2.0 million underground
delineation drill program is in progress at Bucko. The drill results
from this program will be used to increase the confidence of
underground reserves, determine the potential for resource additions,
optimize cut-off grades and obtain further geotechnical information to
finalize the mine design.
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 NI 43-101 guidelines.
Fire assays were performed at the ALS-Chemex laboratory in Vancouver on
all the samples for Gold and PGE's 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-V: 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 mineral
resource estimates, timing and cost of future exploration programs,
development potential, timing and cost of production and development
and impact of exploration results. 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, 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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Further information is available on the Company's website at
www.crowflight.com or contact:
Mike Hoffman
President and CEO
Crowflight Minerals
Tel: (416) 861-2964
Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com
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Copyright (c) 2008 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 Mon Apr 21, 2008 at 8:50:33 AM Pacific Time
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