CROWFLIGHT MINERALS INC. (Crowflight, the Company)(TSX VENTURE:
CML) is pleased to provide a project update and underground diamond
drilling results from its wholly-owned Bucko Lake Nickel Mine
(Bucko) located in the Thompson Nickel Belt near Wabowden,
Manitoba.
Bucko Project Update
Construction is close to complete at Crowflight's Bucko Lake
Mine. Expectations are to ramp up production during the remainder
of 2008 to declare full commercial production in early 2009.
Construction status is as follows:
- Mill commissioning has been underway since early
September.
- Ore is currently being mined and stockpiled in preparation for
mill start-up.
- The crushing plant commissioning is essentially complete and
crushing of ore has commenced.
- Significant progress has been made on piping in the mill.
Remaining piping should be complete in the next few weeks.
- The main electrical cables have been pulled in the mill and
there are still some automation control cables to pull. Cable
terminations and energizing of equipment should be complete in the
next few weeks.
- The interim tailings storage facility (ITSF) should be
complete by mid-October.
- To update on the status of the federal permitting process for
the storage of tailings in Bucko Lake, the screening level
assessment report (the federal government's technical review of the
project) was supposed to be released on September 8, 2008 for
public comment but due to the federal election, this has now been
deferred to October 15, immediately after the federal election.
Federal authorities have indicated to Crowflight that upon
completion of the public review, inclusion of comments from the
review, and assuming that no revisions are required, then the
letter of recommendation from federal authorities to the Governor
in Council (Cabinet) recommending that Cabinet amend Schedule 2 of
the Metal Mining Effluent Regulations to add Bucko Lake as a
Tailings Impoundment Area will be sent by early January 2008. The
Schedule 2 amendment process will take eight to 12 months after the
letter of recommendation has been received. The ITSF will be used
until federal approval for the use of Bucko Lake is received.
- The dry and wet commissioning of the mill will continue
through October. Assuming commissioning goes as planned, Crowflight
anticipates feeding ore through the plant and producing concentrate
in the third or fourth week of October.
Bucko Delineation Drilling Update
Underground delineation drilling at Bucko between sections 517N
and 521N has returned encouraging assay results. Hole BUD-39
intersected 8.10 metres grading 9.01% nickel including 4.11 meters
of 14.07% nickel, approximately 30 metres above the main 1,000 foot
level. This mineralization occurs approximately 25 metres south of
hole BUD-44 which intersected a 30.17 metre wide interval grading
1.36% nickel including 6.4 metres grading 2.35% nickel. Both holes,
which are associated with the second planned mining area on the
1,000 foot level that is expected to be reached in late November,
confirm higher grade nickel mineralization than currently modelled.
A number of the drill holes hit multiple zones of
mineralization.
Highlight assays from the most recent delineation program
results include:
- Hole BUD-12 intersected 18.06 metres grading 1.43% nickel
- Hole BUD-14 intersected 8.23 metres grading 3.08% nickel
- Hole BUD-18 intersected 5.21 metres grading 2.12% nickel
- Hole BUD-19 intersected 13.92 metres grading 2.65% nickel
- Hole BUD-21 intersected 15.37metres grading 3.01% nickel
- Hole BUD-29 intersected 11.12 metres grading 1.56% nickel
- Hole BUD-30 intersected 9.44 metres grading 1.64% nickel
- Hole BUD-31 intersected 9.77 metres grading 1.76% nickel
- Hole BUD-34 intersected 9.88 metres grading 2.19% nickel
- Hole BUD-39 intersected 8.10 metres grading 9.01% nickel
- Hole BUD-44 intersected 6.40 metres grading 2.35% nickel and
4.37 metres grading 3.54% nickel
- Hole BUD-50 intersected 4.79 metres grading 3.02% nickel and
3.35% metres grading 4.09% nickel
- Hole BUD-64 intersected 9.69 metres grading 2.15% nickel
- Hole BUD-66 intersected 8.90 metres grading 1.50% nickel
Mike Hoffman, President and CEO of Crowflight, commented "The
Crowflight operating team and the various contractors on site have
been working very hard to complete construction at the Bucko Mine.
This will be a first class facility once complete and we are
looking forward to producing concentrate shortly. The underground
drill results at Bucko are very encouraging as they are confirming,
or in some cases exceeding, our expectations."
Table 1 provides a complete summary of highlight assay intervals
from the 61 assayed holes received to date. Figure 1 depicts a plan
view of the 1,000 foot mining level illustrating the location of
current and planned mining and the location of highlighted drill
results.
One underground diamond drill operated by Boart Longyear is
stationed on the 1,000 foot level. To date, 71 holes totaling
12,017 metres of drilling have been completed.
Table 1. Assay Results from 1,000 Foot Level Delineation Program
-----------------------------------------------------------------
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Core Core
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Drill
Hole From To Length Length Ni%
-----------------------------------------------------------------
(m) (m) (m) (feet) %
-----------------------------------------------------------------
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-1 64.42 70.00 5.58 18.31 0.98
-----------------------------------------------------------------
(i)BUD-1 77.43 84.85 7.42 24.34 1.07
-----------------------------------------------------------------
(i)BUD-1 92.81 99.20 6.39 20.96 1.14
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-2 58.82 66.50 7.68 25.20 1.08
-----------------------------------------------------------------
(i)BUD-2 71.41 75.60 4.19 13.75 1.08
-----------------------------------------------------------------
(i)BUD-2 80.30 83.30 3.00 9.84 0.89
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-3 61.68 65.72 4.04 13.25 0.90
-----------------------------------------------------------------
(i)BUD-3 73.95 78.50 4.55 14.93 1.06
-----------------------------------------------------------------
(i)BUD-3 73.95 82.64 8.69 28.51 0.91
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-4 53.31 66.50 13.19 43.27 0.83
-----------------------------------------------------------------
(i)BUD-4 78.50 86.00 7.50 24.61 0.87
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-5 55.69 58.00 2.31 7.58 1.14
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-6 78.00 79.35 1.35 4.43 1.03
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-7 87.20 90.29 3.09 10.14 1.06
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-8 166.88 170.33 3.45 11.32 2.17
-----------------------------------------------------------------
(i)BUD-8 193.00 202.27 9.27 30.41 2.82
-----------------------------------------------------------------
(i)BUD-8 204.50 207.48 2.98 9.78 0.82
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-9 135.71 147.84 12.13 39.80 1.44
-----------------------------------------------------------------
(i)BUD-9 172.82 177.80 4.98 16.34 1.97
-----------------------------------------------------------------
(i)BUD-9 182.80 186.00 3.20 10.50 1.37
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-10 134.80 141.00 6.20 20.34 1.55
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-11 109.49 115.75 6.26 20.54 1.13
-----------------------------------------------------------------
(i)BUD-11 126.50 133.09 6.59 21.62 1.36
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-12 96.89 101.57 4.68 15.35 2.56
-----------------------------------------------------------------
BUD-12 96.89 114.95 18.06 59.25 1.43
-----------------------------------------------------------------
BUD-12 122.54 130.62 8.08 26.51 1.34
-----------------------------------------------------------------
BUD-12 146.73 152.41 5.68 18.64 1.18
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-13 99.84 127.50 27.66 90.75 1.64
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-14 80.27 88.50 8.23 27.00 3.08
-----------------------------------------------------------------
BUD-14 100.36 112.00 11.64 38.19 1.48
-----------------------------------------------------------------
BUD-14 116.50 122.48 5.98 19.62 1.51
-----------------------------------------------------------------
BUD-14 135.90 139.08 3.18 10.43 1.90
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-15 81.57 88.39 6.82 22.38 0.66
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-16 82.31 87.00 4.69 15.39 0.93
-----------------------------------------------------------------
BUD-16 111.18 114.83 3.65 11.98 1.66
-----------------------------------------------------------------
BUD-16 120.00 123.26 3.26 10.70 1.22
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-17 79.61 85.28 5.67 18.60 1.26
-----------------------------------------------------------------
BUD-17 90.50 100.00 9.50 31.17 0.99
-----------------------------------------------------------------
BUD-17 120.52 124.73 4.21 13.81 1.86
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-18 84.50 88.05 3.55 11.65 1.07
-----------------------------------------------------------------
BUD-18 98.50 102.00 3.50 11.48 1.14
-----------------------------------------------------------------
BUD-18 122.56 127.77 5.21 17.09 2.12
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-19 94.54 110.20 15.66 51.38 1.14
-----------------------------------------------------------------
BUD-19 124.56 138.48 13.92 45.67 2.65
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-20 101.27 118.77 17.50 57.41 1.25
-----------------------------------------------------------------
BUD-20 133.29 138.05 4.76 15.62 1.76
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-21 112.61 121.44 8.83 28.97 0.87
-----------------------------------------------------------------
BUD-21 162.22 177.59 15.37 50.43 3.01
-----------------------------------------------------------------
BUD-21 186.66 198.90 12.24 40.16 1.10
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-22 113.74 117.43 3.69 12.11 0.76
-----------------------------------------------------------------
BUD-22 153.11 156.84 3.73 12.24 0.71
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-23 150.00 157.91 7.91 25.95 1.11
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-24 82.05 87.00 4.95 16.24 0.83
-----------------------------------------------------------------
BUD-24 113.00 118.00 5.00 16.40 1.05
-----------------------------------------------------------------
BUD-24 139.00 143.50 4.50 14.76 1.15
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-25 111.71 115.56 3.85 12.63 1.13
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-26 91.00 94.04 3.04 9.97 1.43
-----------------------------------------------------------------
BUD-26 96.07 105.92 9.85 32.32 0.83
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-27 83.86 101.09 17.23 56.53 0.79
-----------------------------------------------------------------
BUD-27 111.20 118.57 7.37 24.18 1.27
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-28 110.00 113.00 3.00 9.84 0.85
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-29 91.06 98.30 7.24 23.75 1.21
-----------------------------------------------------------------
BUD-29 105.45 116.57 11.12 36.48 1.56
-----------------------------------------------------------------
BUD-29 123.92 128.67 4.75 15.58 0.97
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-30 71.76 75.00 3.24 10.63 1.28
-----------------------------------------------------------------
BUD-30 92.34 107.00 14.66 48.10 1.20
-----------------------------------------------------------------
BUD-30 110.19 119.63 9.44 30.97 1.64
-----------------------------------------------------------------
BUD-30 132.87 136.50 3.63 11.91 1.58
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-31 73.95 76.98 3.03 9.94 1.36
-----------------------------------------------------------------
BUD-31 89.24 93.35 4.11 13.48 1.48
-----------------------------------------------------------------
BUD-31 110.85 115.18 4.33 14.21 1.32
-----------------------------------------------------------------
BUD-31 149.81 153.48 3.67 12.04 1.29
-----------------------------------------------------------------
incl. 135.61 145.38 9.77 32.05 1.76
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-32 136.65 140.62 3.97 13.02 2.40
-----------------------------------------------------------------
BUD-32 160.00 164.80 4.80 15.75 1.11
-----------------------------------------------------------------
BUD-32 170.00 178.36 8.36 27.43 1.47
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-33 106.15 110.18 4.03 13.22 0.89
-----------------------------------------------------------------
BUD-33 128.03 131.33 3.30 10.83 1.15
-----------------------------------------------------------------
BUD-33 138.93 146.50 7.57 24.84 1.17
-----------------------------------------------------------------
BUD-33 152.58 157.71 5.13 16.83 1.75
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-34 140.23 150.11 9.88 32.41 2.19
-----------------------------------------------------------------
BUD-34 153.74 158.75 5.01 16.44 1.17
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-35 110.04 117.80 7.76 25.46 1.01
-----------------------------------------------------------------
BUD-35 135.00 146.95 11.95 39.21 1.84
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-36 85.56 88.87 3.31 10.86 1.01
-----------------------------------------------------------------
BUD-36 104.24 108.30 4.06 13.32 0.90
-----------------------------------------------------------------
BUD-36 133.50 137.20 3.70 12.14 1.12
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-37 80.46 84.65 4.19 13.75 0.90
-----------------------------------------------------------------
BUD-37 102.32 108.29 5.97 19.59 1.47
-----------------------------------------------------------------
BUD-37 123.05 129.68 6.63 21.75 0.97
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-39 108.30 116.40 8.10 26.57 9.01
-----------------------------------------------------------------
Incl. 109.56 113.67 4.11 13.48 14.07
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-44 100.47 130.64 30.17 98.98 1.36
-----------------------------------------------------------------
incl. 124.24 130.64 6.40 21.00 2.35
-----------------------------------------------------------------
BUD-44 142.00 145.47 3.47 11.38 0.98
-----------------------------------------------------------------
BUD-44 159.26 163.63 4.37 14.34 3.54
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-46 122.22 125.35 3.13 10.27 2.44
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)BUD-47 101.51 108.11 6.60 21.65 2.08
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-48 89.56 93.00 3.44 11.29 2.16
-----------------------------------------------------------------
BUD-48 96.73 101.43 4.70 15.42 1.24
-----------------------------------------------------------------
BUD-48 123.07 126.10 3.03 9.94 4.88
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-49 82.28 85.32 3.04 9.97 2.22
-----------------------------------------------------------------
BUD-49 102.00 105.33 3.33 10.93 1.47
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-50 73.00 76.35 3.35 10.99 4.09
-----------------------------------------------------------------
BUD-50 79.00 82.50 3.50 11.48 1.09
-----------------------------------------------------------------
BUD-50 100.21 105.00 4.79 15.72 3.02
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-51 67.74 74.06 6.32 20.73 0.97
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-52 64.00 70.32 6.32 20.73 1.35
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-53 63.32 76.14 12.82 42.06 1.43
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-54 67.38 75.00 7.62 25.00 1.11
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-55 141.00 144.69 3.69 12.11 0.73
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-56 131.51 139.13 7.62 25.00 0.98
-----------------------------------------------------------------
BUD-56 155.00 158.44 3.44 11.29 1.25
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-57 115.39 120.63 5.24 17.19 1.20
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-58 127.50 130.90 3.40 11.15 1.01
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-59 97.53 101.38 3.85 12.63 1.87
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-60 81.00 84.04 3.04 9.97 0.73
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-61 73.44 76.74 3.30 10.83 1.14
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-62 69.64 74.83 5.19 17.03 0.73
-----------------------------------------------------------------
BUD-62 99.04 104.00 4.96 16.27 0.76
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-63 67.87 71.52 3.65 11.98 1.97
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-64 63.77 73.46 9.69 31.79 2.15
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-65 66.27 70.74 4.47 14.67 1.06
-----------------------------------------------------------------
-----------------------------------------------------------------
BUD-66 71.51 80.41 8.90 29.20 1.50
-----------------------------------------------------------------
-----------------------------------------------------------------
(i)Previously announced results-see previous release dated June 25, 2008
for further information.
Intersection intervals reported are core lengths; actual true widths range
between 80% and 100% of core length.
Qualified Person/Quality Control Procedures
This press release has been prepared and reviewed by Mr. Greg
Collins, P.Geo (APGO/APEGM) and VP Exploration of Crowflight and
Mr. Paul Keller, P. Eng. and COO of Crowflight, both of whom are
Qualified Persons under the National Instrument 43-101 guidelines.
All assays were performed at the ALS-Chemex laboratory in Vancouver
and undergo an ICP-AES finish and Sodium Peroxide Fusion. Standards
and blanks are submitted with each sample batch.
Crowflight Minerals - Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX VENUTRE: CML) is a Canadian junior
mining company that is developing the Bucko Lake Nickel Mine near
Wabowden, Manitoba. Full commercial production is expected to be
achieved at Bucko in early 2009. The Company is also focused on
nickel, copper and Platinum Group Mineral (PGM) projects in the
Thompson Nickel Belt and Sudbury Basin.
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
estimated capital and operating costs, expected production
timeline, benefits of updated development plans, foreign exchange
assumptions and regulatory approvals. 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, 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.
To view a figure of the Assay Results from 1,000 Foot Level
Delineation Program, please visit the following link:
http://media3.marketwire.com/docs/crow1001-1.pdf
Total Shares Outstanding: 269.6MM
Fully Diluted: 307.8MM
52-Week Trading Range: C$0.16 - $0.93
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Crowflight Minerals Mike Hoffman President and CEO
(416) 861-2964 Crowflight Minerals Heather Colpitts Manager,
Investor and Public Relations (416) 861-5803 Email:
info@crowflight.com Website: www.crowflight.com
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