Crowflight Minerals Inc.
TSX VENTURE : CML

Crowflight Minerals Inc.

January 17, 2007 13:06 ET

Crowflight Intersects 45.9 Feet Grading 3.3% Nickel in Bucko Deposit Drilling

TORONTO, ONTARIO--(CCNMatthews - Jan. 17, 2007) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased release assay results from the final two holes of the 2006 resource in-fill drill program at the Bucko Lake Nickel Deposit, Wabowden, Manitoba. Highlights from the final two holes of this program included drill hole BK06-28B wherein 14.0 metres (45.9 feet) grading 3.34% nickel including an 11.5 foot intersection grading 8.58% nickel were intersected. Please refer to Table 1 for complete drill hole assays and Figure 1 for drill hole location.

Greg Collins Crowflight's newly appointed Vice President of Exploration, commented on the results of the program stating: "Results from drill hole BK06-28B is a further illustration of the Bucko Deposit's continuing ability to provide us with spectacular results. The Deposit remains open for expansion in all directions. We look forward to additional drilling results as we kick-off our 2007 winter exploration program evaluating the near surface potential of the Hinge Zone at the Bucko Deposit and the evaluation of several exploration targets in close proximity to the Bucko."

Since the spring of 2006, Crowflight has conducted surface diamond drilling to test the potential to expand the resources around the previously identified Indicated Resource at the Bucko Lake Nickel Deposit. A total of approximately 13,300 metres was drilled in 23 holes (including the drill holes announced in this press release) as part of this program. Drill hole BK06-28B is a drill hole that was attempted earlier in the program (BK06-28) to test the down-dip extension of the South Plunge Zone in the Deposit, but which due to complications while drilling, had to be abandoned and was later re-drilled via a wedge-cut off of the original hole. Drill hole BK06-40 is a late-stage program hole that targeted the Hinge Zone of the Deposit.

On December 7, 2006, the Company announced a 32 percent increase in NI 43-101 compliant Indicated Resources at the Bucko Lake Nickel Deposit following the results from 30 holes of the 2006 in-fill program. This new Resource did not include results from these two holes. As part of the 2007 winter exploration program, Crowflight intends to test some shallow areas of additional resource expansion potential in the first quarter 2007. Once underground in the second half of 2007 it is planned that additional drilling will take place from underground to define reserves and attempt to further expand resources in the Bucko Deposit.



Table 1

Summary Assay Results 2006 - Phase 2 Drilling

Bucko Deposit, Thompson Nickel Belt

---------------------------------------------------------------------------

Core Core
Drill Hole From To Length Length Nickel Copper PGE's(1)
---------- ---- -- ------ ------ ------ ------ -------
(metres) (metres) (metres) (feet) (%) (%) (gpt)

BK06 - 28B 657.3 661.0 3.7 12.1 4.81 0.13 1.19

and 681.5 695.5 14.0 45.9 3.34 0.13 0.89

including 681.5 685.0 3.5 11.5 8.58 0.16 1.76

BK06 - 40 454.4 459.9 5.5 18.1 1.21 0.07 n/a

and 487.5 491.5 3.9 13.0 1.51 0.10 n/a
---------------------------------------------------------------------------

(1) Combined platinum and palladium 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.


Qualified Person/Quality Control Procedures

This press release has been prepared and revised by Mr. Greg Collins, P.Geo (APGO/APEGM) a Qualified Person under the NI 43-101 guidelines. Fire assays are 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 - 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 Lake Nickel Deposit; (2) an earn-in option with Xstrata Nickel 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, being explored under a 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).

In addition, the Company has granted options to purchase 3,250,000 common shares at $0.405 per common share valid for a period of five years to officers, directors, consultants and employees of the Company, subject to regulatory approval.

Further information regarding Crowflight, including details of its properties, and where relevant its earn-in interests in properties, 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.

To see an Isometric View of the Bucko Mine Horizon Looking Northwest please view the following link: http://www.ccnmatthews.com/docs/cmlfig.pdf

Total Shares Outstanding: 190.4MM

Fully Diluted: 239.9MM

52-Week Trading Range: C$0.18 - $0.48

Contact Information

  • Crowflight Minerals Inc.
    Thomas Atkins
    President and CEO
    (416) 861-5900
    (416) 861-8165 (FAX)
    Website: www.crowflight.com
    or
    Ascenta Capital
    Bruce Korhonen
    (604) 684-4743 ext 230