Crowflight Minerals Inc.
TSX VENTURE : CML

Crowflight Minerals Inc.

November 09, 2005 08:00 ET

Resource Increase At Bucko Deposit Exceeds Crowflight's Expectations

TORONTO, ONTARIO--(CCNMatthews - Nov. 9, 2005) - CROWFLIGHT MINERALS INC. (TSX VENTURE:CML) is pleased to announce that after incorporating results from nine of eleven diamond drill holes from its Summer 2005 diamond drill program (refer to Table 1) the Company has met its target of adding 300,000 additional tonnes of Indicated Resource to the Bucko Deposit (refer to press release dated July 25, 2005). With two holes outstanding from this program, Crowflight is confident that it could add a further 60,000 to 100,000 tonnes of Indicated Resource for a total of 360,000 to 400,000 tonnes of Indicated Resources (refer to Figure 1 - Summer 2005 Surface Drill Program - Surface Plan and Longitudinal Section for hole locations and an outline of the Indicated Resource profile). A full National Instrument 43-101 report of Indicated and Inferred Resources will be filed with regulatory agencies within 30 days of this press release. Excerpts from this report will be included within the feasibility study on the Bucko Deposit, expected to be completed imminently.

Highlights of the program include holes BK05 - 16 and BK05 - 18 which intersected 50 feet and 42.7 feet of 2.05% and 2.09 percent of nickel, respectively and included 12.3 feet and 20.6 feet of 3.46% and 3.17 percent nickel, respectively. Results of all significant intersections from the first nine holes of the program are illustrated in Table 1.



-----------------------------------------------
Core Core
Drill Hole Length Length Nickel
---------- ------ ------ ------
(metres) (feet) (%)

BK05 - 16 15.2 50.0 2.05
(including) 3.8 12.3 3.46
BK05 - 18 13.0 42.7 2.09
(including) 6.3 20.6 3.17


Thomas Atkins, President and CEO of Crowflight commented on the addition of these resources stating: "We're very encouraged that we hit sufficiently attractive nickel grades and thicknesses permitting the addition of Indicated Resource in every hole of the program. We're further encouraged by the fact that we were able to exceed our earlier estimate of the Indicated Resources to be added through this program. At a grade of 2.1 percent nickel, the additional 300,000 tonnes amounts to an additional 13.9 million pounds of contained nickel. At a program cost of C$650,000 to date, that translates into a cost of US$0.04 per pound of additional nickel resource, or less than one percent of the year to date LME nickel price of US$7.00 per pound. We're very pleased to be able to create this kind of leverage for our shareholders from our investment in the Bucko Deposit and are optimistic of our ability to continue to do so going forward."

Jean Lafleur, Vice President Exploration of Crowflight added: "As the Summer program advanced and we received the excellent results previously announced, we became increasingly confident of our geological model for the Bucko Deposit. With the success of this program we've begun planning follow-up work to continue to expand the Deposit resource down to the 2000 Level, or approximately 600 metres below surface. We feel there's potential to increase the Indicated Resource by as much as one million tonnes at depth and laterally within the Inferred Resources of the Deposit, adjacent to planned mine development infrastructure. Similar to the 300,000 tonnes added through the summer program, this material can quickly be brought into the mine plan and further enhance the economics of the Deposit. We expect to commence the second phase of this infill drill program with two diamond drill rigs imminently and will continue defining this material into the first quarter of 2006."

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.

A summary of the terms of Crowflight's option to earn its interest in the Bucko Deposit from Falconbridge Limited plus a location map of the property are included in the Company's press release date October 13, 2005.

Qualified Person/Quality Control Notes

This press release has been reviewed by Mr. Peter Karelse, P. Geo., Manager Project Development and Mr. Jean Lafleur, P. Geo., Crowflight's VP Exploration, Qualified Persons under the National Instrument 43-101 guidelines. Drill core logging, sampling and assaying of NQ-size diamond drill core occurred at intervals of 0.3 to 1.5 metres in length. Core was then sawed in half, bagged and tagged at the Falconbridge core logging facility in Wabowden, Manitoba. Sample intervals were then submitted to ALS-Chemex laboratory in Vancouver for fire-assay performed on gold and Platinum Group Elements (PGE's) which underwent an ICP-AES Finish and Sodium Peroxide Fusion. All other metals underwent an ICP-AES finish. Standards and blanks were submitted with each sample batch. Crowflight used the sample preparation, assay protocol, and database verification and validation (QA/QC program) developed by Falconbridge's Senior Geologist Robert Banville for the Winter 2005 drill program. National Instrument 43-101 compliant Indicated Resources have been calculated by Eugene Puritch, P.Eng. and Dr. Wayne Ewert, P. Geo. of P&E Mining Consultants Inc. of Brampton, Ontario.

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 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); and (3) the 100% owned Peter's Roost Property.

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.



Table 1
Significant Assay Results Summer 2005 Drilling -
Bucko Deposit, Thompson Nickel Belt

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

BK05 - 09 321.2 377.2 56.0 183.8 2.01 0.13 0.55
(including) 357.3 371.3 14.0 45.9 4.44 0.16 0.98
(including) 341.1 349.0 7.9 45.9 1.72 0.17 0.42

BK05 - 10 532.9 537.9 5.0 16.4 1.62 0.06 0.28
and 568.0 576.0 8.0 26.2 1.24 0.05 0.26
(including) 568.0 572.0 4.0 13.1 1.53 0..06 0.36

BK05 - 11 346.0 366.7 20.7 67.8 3.28 0.25 1.05
(including) 350.0 366.7 16.7 54.8 3.82 0.29 1.22
(including) 355.0 366.7 11.7 38.5 5.11 0.40 1.62

BK05 - 12 427.0 430.0 3.0 9.9 1.28 0.11 0.39
and 459.0 464.0 5.0 16.5 1.60 0.12 0.57

BK05 - 13 403.6 410.0 6.4 20.9 1.56 0.22 1.21
(including) 407.9 410.0 2.1 6.8 2.00 0.15 2.29
and 439.1 448.0 8.9 29.1 1.79 0.20 0.94
(including) 439.1 442.4 3.3 10.7 2.19 0.22 1.00
and 445.0 448.0 3.0 9.8 2.00 0.25 1.16

BK05 - 14 360.0 367.2 7.2 23.5 2.25 0.22 0.77
and 390.0 397.6 7.6 24.8 1.61 0.20 0.95
(including) 393.0 397.6 4.6 14.9 2.03 0.26 1.27

BK05 - 16 407.7 422.9 15.2 50.0 2.05 0.30 0.67
(including) 419.1 422.9 3.8 12.3 3.46 0.17 0.98

BK05 - 17 368.7 392.0 21.4 70.4 3.15 0.12 0.78
(including) 377.0 386.6 9.6 31.6 5.25 0.15 1.19
and 415.4 429.2 13.8 45.5 1.67 0.14 0.61

BK05 - 18 397.0 410.0 13.0 42.7 2.09 0.17 0.58
(including) 403.7 410.0 6.3 20.6 3.17 0.28 0.90
and 417.0 422.0 5.0 16.4 2.05 0.12 0.36
---------------------------------------------------------------------


Values in bold are those holes reported from this press release,
other holes are from press releases of September 20 and
October 13, 2005.

(1) Combined platinum and palladium values.


TSX-V Trading Symbol: CML
Total Shares Outstanding: 98.6MM
Fully Diluted: 135.5MM
52-Week Trading Range: C$0.18 - $0.41


For a map of the "Figure 1 - Summer 2005 Surface Drill Program - Surface Plan and Longitudinal Section", please click on the link below:

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

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

Contact Information

  • Crowflight Minerals Inc.
    Thomas Atkins
    President and CEO
    (416) 861-5900
    (416) 861-8165 (FAX)
    or
    Crowflight Minerals Inc.
    Jean Lafleur
    Vice President Exploration
    (514) 794-3633
    www.crowflight.com