Crowflight Minerals Inc.
TSX VENTURE : CML

Crowflight Minerals Inc.

December 12, 2006 12:47 ET

Wallbridge Mining Begins Drilling Crowflight-Wallbridge Sudbury Basin North Range Project

TORONTO, ONTARIO--(CCNMatthews - Dec. 12, 2006) - CROWFLIGHT MINERALS INC. (Crowflight, the Company)(TSX VENTURE:CML) is pleased to announce that Wallbridge Mining Company Limited (TSX:WM)(FWB:WC7) has started drill testing 11 high priority electro-magnetic anomalies on their Crowflight joint venture property located in the footwall of the North Range of the Sudbury Igneous Complex (SIC). The drill program will consist of 11 holes for a total of about 800 metres to test conductors identified by a regional MegaTem survey conducted in 2004.

Commenting on the drill program and exploration progress to date Alar Soever, President of Wallbridge, stated, "The Crowflight Joint Venture gave us access to a number of high quality conductors, which our summer work program demonstrated to be underlain by very prospective geology. We look forward to the results of the current drill program, which represents the first test of these excellent exploration targets."

The Crowflight option and joint venture was signed in June 2006 (see Wallbridge and Crowflight Press Releases dated May 3, 2006).

Work in the summer of 2006 consisted of the rehabilitation and cutting of 84 line kilometres of grid and detailed grid mapping, rock sampling and beep mat prospecting. The grids originally were established in 2005 to facilitate ground geophysical and limited soil geochemical follow-up of the airborne anomalies.

Mapping and prospecting in the summer of 2006 found numerous bedrock sulphide occurrences related to the MegaTem anomalies and demonstrated that the area is underlain by Archeanaged, amphibolite-grade metavolcanic and metasedimentary rocks similar to those hosting the Geneva Lake Cu-Pb-Zn mine located about 8 km to the west. The stratiform and stratabound nature and close association of the sulphide mineralization with metavolcanic rocks suggests a genetic link between the two and demonstrates the potential for drilling to discover VMS-style mineralization.

The 2006 field program also located a number of occurrences of Sudbury Breccia along arcuate structures concentric to the Sudbury Igneous Complex. These arcuate structures are roughly parallel to the Hess Offset Dyke, and similar to breccia occurrences recently reported on Wallbridge's Pele Mountain Resources Joint Venture Property (see Press Release dated November 23, 2006) located immediately to the south of the Crowflight Joint Venture Property. Selected samples of the breccia contain weakly anomalous concentrations of Pt and Pd (PGE), and certain trace elements, which are enriched in similar breccias that host Cu-PGE mineralization in the Levack Trough about 12 kilometres to the south.

Drill core samples will be prepared at ALS Chemex Ltd. Laboratories in Sudbury and then shipped to their analytical facilities in Vancouver.

The Qualified Person responsible for the technical content of this press release is Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge Mining Company Limited.

About Wallbridge Mining

Wallbridge Mining Company Limited explores for and develops nickel, copper and platinum group element ("PGE") deposits. The Company's principal properties are located in the Sudbury Basin in Ontario. The Sudbury area hosts the world's largest concentration of nickel deposits and is currently the most active mining camp in North America. Wallbridge also has a major shareholding in Duluth Metals Limited, which has a significant property position in the rapidly emerging Duluth Complex base metal camp in Minnesota.

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 Xstrata plc 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 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 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 view Figure 1 - Isometric View of the Bucko Mine Horizon please click on the following link: http://www.ccnmatthews.com/docs/cml1212.pdf

Total Shares Outstanding: 190.4MM

Fully Diluted: 239.9MM

52-Week Trading Range: C$0.18 - $0.51


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 30