Crowflight Announces Mill Commissioning Underway at Bucko; Intersects 8.10 Metres of 9.01% Nickel
01 Outubro 2008 - 9:30AM
Marketwired Canada
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%
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(m) (m) (m) (feet) %
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(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
-----------------------------------------------------------------
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BUD-39 108.30 116.40 8.10 26.57 9.01
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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
-----------------------------------------------------------------
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BUD-51 67.74 74.06 6.32 20.73 0.97
-----------------------------------------------------------------
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BUD-52 64.00 70.32 6.32 20.73 1.35
-----------------------------------------------------------------
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BUD-53 63.32 76.14 12.82 42.06 1.43
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BUD-54 67.38 75.00 7.62 25.00 1.11
-----------------------------------------------------------------
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BUD-55 141.00 144.69 3.69 12.11 0.73
-----------------------------------------------------------------
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BUD-56 131.51 139.13 7.62 25.00 0.98
-----------------------------------------------------------------
BUD-56 155.00 158.44 3.44 11.29 1.25
-----------------------------------------------------------------
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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
-----------------------------------------------------------------
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BUD-62 69.64 74.83 5.19 17.03 0.73
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BUD-62 99.04 104.00 4.96 16.27 0.76
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BUD-63 67.87 71.52 3.65 11.98 1.97
-----------------------------------------------------------------
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BUD-64 63.77 73.46 9.69 31.79 2.15
-----------------------------------------------------------------
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BUD-65 66.27 70.74 4.47 14.67 1.06
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BUD-66 71.51 80.41 8.90 29.20 1.50
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(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