Crowflight Minerals Inc.

Crowflight Minerals Inc.

September 10, 2008 08:00 ET

Crowflight Discovers Two New Zones of Mineralization Near Past-Producing Manibridge Mine

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2008) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased to announce results from exploration activities conducted in partnership with Pure Nickel Inc. (TSX:NIC) near the past-producing Manibridge Nickel Mine. The program, initiated in June of 2008, focused on the investigation of several high caliber nickel exploration targets located near the site of historical mining activity conducted by Falconbridge Ltd. during the early 1970s on the property.

Drilling has resulted in the discovery of two nickel zones located within 400 metres of past production and has confirmed an extension to the Manibridge deposit itself at depth. Assay results from the program include: 16.75 metres grading 1.38% nickel from hole MN08-01, 5.45 metres grading 1.18% nickel from hole MN08-02, and 6.3 metres grading 1.37% nickel from hole MN08-04. Table 1 summarizes all assay results from the drilling program.

Table 1. Summary of Assay Results

Hole-ID From To Width Width Ni%
(m) (feet)
MN08-01 134.10 137.26 3.16 10.37 0.95
and 169.50 186.25 16.75 54.95 1.38
incl. 177.25 186.25 9.00 29.53 1.51

MN08-02 438.25 443.70 5.45 17.88 1.18

MN08-03 Hole Lost in Casing

MN08-04 434.86 465.78 30.92 101.44 0.95
incl. 455.20 461.50 6.30 20.67 1.37

MN08-05 No significant results

MN08-06 No significant results

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 will be calculated for each intersection. These could
vary somewhat from time to time as the zones are re-interpreted thereby
altering the geometry.

The objective of this phase of the program was to identify new occurrences of mineralization associated with interpreted extensions to the Manibridge mine stratigraphy. Crowflight's V.P. Exploration, Greg Collins commented on the results of the summer program stating: "We are pleased with the results from our first investigations near Manibridge as we continue to identify new sources of potential mill-feed proximal to our operations at the Bucko Lake Nickel Project. Additional drilling in these areas is required to assess the resource potential of the intercepted mineralization, but for now the future looks promising near Manibridge."

Discussion of Results

MN08-01 - Intersected 16.75 metres grading 1.38% nickel including 9.0 metres grading 1.51% nickel associated with a new, near surface zone located approximately 300 metres north of past production at Manibridge. This zone remains open for expansion to the south and at depth.

MN08-02 - Intersected 5.45 metres grading 1.18% nickel that occurs 50 metres below anomalous mineralization intercepted by historical drilling from underground drilling in exploration drift at Manibridge. This zone remains open for expansion at depths below 300 metres vertical.

MN08-03 - Hole was lost in casing at depth of 141 metres.

MN08-04 - Intersected 6.30 metres grading 1.37% nickel within broader zone grading 0.95% nickel over 30.92 metres. This intercept confirms than an extension of the Manibridge trend is open at vertical depths below 400 metres and that a recently modelled interpretation for the plunge of the deposit to the north, away from previously investigated areas may be correct.

MN08-05 - Intersected key nickel hosting ospwagon stratigraphy and ultramafic rocks in the vicinity of the targeted magnetic feature but did not encounter any significant nickel mineralization. Based on the magnetic model and the drilling results, greater thicknesses of ultramafic would be expected if additional drilling was to be completed south of this hole.

MN08-06 - Intersected magnetic gneiss associated with what is interpreted to be key nickel hosting ospwagon stratgraphy explaining targeted anomaly. No significant nickel values returned.

A total of six holes comprising 2,496 metres were completed. All holes will be probed using downhole time domain EM geophysical instruments in preparation for a program of follow-up drilling to commence in the coming months. The Manibridge property is located approximately 20 kilometres south of Crowflight's mine and mill complex located at Bucko Lake, near Wabowden, Manitoba. Please refer to Figure 1 for a map depicting the location of the Manibridge Property and Figure 2 depicting the location of the discovered mineralization relative to previous drilling and past production at Manibridge.

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 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.

Crowflight Minerals - Canada's Next Nickel Producer

Crowflight Minerals Inc. (TSX VENTURE: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 projected mineralization; and objectives, costs and schedules of proposed exploration programs. 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, mineralization projections not being realized 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.

Total Shares Outstanding: 269.6MM

Fully Diluted: 307.8MM

52-Week Trading Range: C$0.23 - $0.93

To view Figure 1. Location Map, please visit the following link:

To view Figure 2. Manibridge Mine Horizon, please visit the following link:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Crowflight Minerals
    Mike Hoffman
    President and CEO
    (416) 861-2964
    Crowflight Minerals
    Heather Colpitts
    Manager, Investor and Public Relations
    (416) 861-5803