Crowflight Minerals Inc.
TSX VENTURE : CML

Crowflight Minerals Inc.

May 11, 2006 12:36 ET

Crowflight-Falconbridge Intersect More Nickel at Newly Discovered Apex Zone

TORONTO, ONTARIO--(CCNMatthews - May 11, 2006) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) has received assay results from a second hole drilled at the new Apex Zone drilled to test an area 75 metres down-dip from previously reported drill hole A 06-01 (refer to attached Project Location Map - M11A Discovery and Apex Zone and Cross Section). Drill hole A 06-02 intersected a broad interval of anomalous mineralization including 15 metres (49 feet) grading 0.8% nickel at a vertical depth of approximately 200 metres. Elevated values including 2.4% nickel from 257.32 to 258.05 metres were also encountered. The results of this drilling confirm continuity and represent a significant extension to mineralization intersected in discovery drill hole A 06-01.

The following table summarizes results from drill holes A 06-01 and A 06-02:



Drill Hole A 06-01 (previously released)
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Core Core
From To Length Length Nickel Copper
(metres) (metres) (metres) (feet) (%) (%)
191.0 202.4 11.4 37.3 0.9 0.0
(including) 191.5 195.5 4.1 13.3 1.1 0.04
(including) 193.0 193.5 0.5 1.5 1.7 0.03
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Drill Hole A 06-02
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Core Core
From To Length Length Nickel Copper
(metres) (metres) (metres) (feet) (%) (%)
196.3 211.2 15.0 49.1 0.8 0.0
(including) 198.3 202.7 4.3 14.2 0.9 0.05
257.3 258.1 0.7 2.4 2.4 0.11
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Greg Collins, Crowflight's Exploration Manager, commented on the additional results from drill hole A 06-02 stating: "Hole A 06-02 indicates that the volume of mineralization and the size of the ultramafic intrusion hosting the mineralization increases at depth. This is further supported by the magnetic signature from the recently conducted high-resolution airborne geophysical survey flown over the Apex Zone. The occurence of higher grade mineralization in hole A 06-02, evidenced by the intersection of 2.4% nickel is another positive development. We're working closely with project operator Falconbridge Limited to plan a follow-up program for the summer to further test the potential of the Apex Zone which remains open both at depth and along strike."

Recent discoveries at Apex Zone and M11A North were assisted by the results of the hyper-detailed MIDAS airborne magnetic survey flown over the project area in December of 2005. It is worth noting that the magnetic signature associated with the Apex Zone is approximately the same size as the signature associated with the Bucko Lake Deposit. The Apex Zone magnetic signature occurs within a previously untested near-surface magnetic trend of approximately one kilometer in length. Three-dimensional, magnetic inversion modeling of the geophysical data indicates the potential that the ultramafic body hosting this mineralization increases in size and thickness at depth. Results from drill hole A 06-02 supports this observation.

Borehole geophysical surveys completed in drill holes A 06-01 and A 06-02 have identified conductive targets associated with the identified mineralization extending south of the current drilling. Additional drilling at the Apex Zone will focus on following-up these targets and further investigating the associated magnetic geophysical responses.

A program to follow-up encouraging results at Apex and M11A North is being organized by project operator Falconbridge Limited. Crowflight intends to host a web cast later this month once all assays are receive from outstanding drill holes. The web cast will help to more fully discuss results from the 2006 Winter Exploration program and to announce exploration plans for the coming months.

Crowflight - The Base Metal Builder

Crowflight Minerals Inc. is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The company is focused on nickel, copper and Platinum Group Mineral ("PGM") projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The company currently owns and/or has under option approximately 600 square kilometres of exploration and development properties in Manitoba and Ontario.

In Manitoba, these properties include: (1) the Bucko Nickel Deposit; (2) an earn-in option with Falconbridge Limited on five highly prospective properties (Bucko/Bowden, Resting Lake, Rock Island Lake, Halfway Lake and Gonlin Lake) on the TNB South Project located within 30 kilometres of the Bucko Deposit; and (3) six additional properties (Burntwood River, Birchtree South, Birchtree North, Airport, Moak Lake and Strong Lake) located 100 kilometres to the north on the TNB North Project.

In the Sudbury Basin, these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes grading 1.5% nickel, 2.0% copper and 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property, the subject of a recent joint venture agreement with Wallbridge Mining Co. Ltd.; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 kilometres south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes grading 1.7% nickel, 3.5% copper and 4.1 g/t PGM's). Further information is available on the Company's web site at www.crowflight.com.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements. The Company cautions investors that the projections for increases to the Indicated Resources are based on Inferred Resources. There is no certainty that these projections will be added to the Indicated Resources or that they will be economically viable.

Total Shares Outstanding: 121.5MM

Fully Diluted: 166.9MM

52-Week Trading Range: C$0.18 - $0.38

Please click on the following link to view the Project Location Map and the Apex Zone Discovery Map;

http://www.ccnmatthews.com/docs/cml511.pdf

Contact Information

  • Crowflight Minerals Inc
    Thomas Atkins
    President and CEO
    (416) 861-5900
    (416) 861-8165 (FAX)
    or
    Ascenta Capital
    Bruce Korhonen
    (604) 684-4743 ext 30