Crowflight Minerals Inc.
TSX VENTURE : CML

Crowflight Minerals Inc.

February 01, 2006 12:29 ET

Crowflight Stakes Additional Ground Adjacent To Its Peter's Roost Project In The North Range Of The Sudbury Basin

TORONTO, ONTARIO--(CCNMatthews - Feb. 1, 2006) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased to announce that it has acquired 32 mining units in the Sudbury Mining District, approximately 45 kilometres northwest of the Sudbury City Center, commonly known as the 'North Range' of the Sudbury Basin. The claims were staked to cover recently identified exploration targets in the Peter's Roost Project area located in Hess and Tyrone Townships which are interpreted to be prospective indicators for the presence of Offset Style nickel-copper and platinum group element mineralization.

Crowflight's Manager of Exploration, Greg Collins who manages the Company's Sudbury project portfolio stated: "Work completed by Terrageos for Crowflight on various features in the North Range of the Sudbury Basin has greatly complemented our proprietary geophysical data set over the Peter's Roost Project Area. This work has enhanced our confidence that geophysical targets identified by the 2004 MegaTEM II survey on Crowflight's property coincide with structural lineaments similar to nearby Sudbury nickel-copper and platinum group element bearing Offset Dykes. The coincidence of these lineaments with geophysical targets having response characteristics typical of massive sulphide is very encouraging and for that reason we have ensured that we enhance our land position to cover these targets."

In 2004 Crowflight contracted Fugro Airborne Surveys to cover the Peter's Roost Project area with a MegaTEM II airborne geophysical survey. The survey identified several prospective targets (see press release January 26, 2005) having electromagnetic response characteristics and coincident magnetic features typical of massive sulphide lenses. In 2005, Crowflight contracted the services of Terrageos Remote Sensing to undertake a comprehensive review of lineament features in the North Range Footwall utilizing data obtained from the multi-spectral ASTER satellite system. Planning of future exploration activities in the area are currently underway.

Crowflight Minerals Inc. maintains a 100% interest in 72 claims totaling 916 exploration units (approximately 146 square kilometres) in the Townships of Hess, Leinster, Tyrone, Botha, Roberts, Kitchener, Creelman, and Hutton, Sudbury Mining District, Ontario. These properties constitute Crowflight's current land holdings in the Peter's Roost Project area. The Peter's Roost Project was acquired by Crowflight in 2004 via a major staking program to secure property in the North Range of the Sudbury Basin covering 2 projected concentric Offset Dykes. Crowflight is in the process of consolidating its property position and has completed sufficient assessment work to keep all property with identified targets in good standing until 2008. Crowflight recently allowed 14 mining claims in Hutton Township to lapse as part of its property consolidation activities in the area.

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 @ 1.5% Nickel, 2% Cu, 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 km south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes @ 3.5% Cu, 1.7% nickel, 0.8 g/t Au, 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: 104.6MM

Fully Diluted: 144.4MM

52-Week Trading Range: C$0.18 - $0.41

Contact Information

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