It looks like CML .265 (nickel exploration) is running on the NR below:
Crowflight Minerals Inc (C-CML) - News Release
Crowflight drills 8.4 m of 3.6% Ni at Bucko deposit
2006-07-18 09:24 ET - News Release
Shares issued 121,842,363
CML Close 2006-07-17 C$ 0.25
Mr. Thomas Atkins reports
CROWFLIGHT INTERSECTS 27.8 FEET GRADING 3.6% NICKEL IN BUCKO DEPOSIT RESOURCE EXPANSION DRILLING
Crowflight Minerals Inc. has provided results of an additional four holes from its planned 10-hole, phase 1 resource infill surface diamond drill program. The program is focused on expanding the indicated resources in the Bucko nickel deposit, Thompson nickel belt (TNB), Manitoba. The infill program is part of Crowflight's bankable feasibility study activities aimed at further enhancing the economics of the Bucko Lake nickel deposit coincident with the timing of project-permitting activities, currently under way.
Highlights include drill hole BK 06-25 which intersected 8.4 metres (27.8 feet) grading 3.6 per cent nickel in mineralized ultramafic rock from 628.8 metres to 679.8 metres, including 2.16 metres (7.1 feet) grading 11.65 per cent nickel. Of additional interest was drill hole BK 06-33 drilled into the Hinge zone area where 74.6 metres (244.6 feet) of mineralized ultramafic rock was intersected grading 0.76 per cent nickel and which included 5.4 metres (17.7 feet) grading 2.28 per cent nickel (please refer to Table 1). The Hinge zone area located to the north and east of known mineralization where the strike of nickel-bearing ultramafic rocks changes from a predominately north-south orientation to an east-west orientation. This area is to the east of known mineralization and has seen limited drilling, yet is believed to have the potential to host potentially economic grades and thickness of nickel mineralization.
Peter Karelse, Crowflight's project manager at Bucko, commented on the results from this drilling, stating: "Drilling in this phase of the program is testing the potential to extend the indicated resources within the deposit both at depth and laterally. Of particular interest are the encouraging initial results from holes 32 and 33 into the Hinge zone area. This is a large area to the north of the identified indicated resources of the deposit that has undergone little historical exploration. The results from these holes (32 and 33) suggest a continuation of the style of mineralization found elsewhere within the deposit. The Hinge zone area will receive a focused exploration effort during phase 2 of the drilling program. We await assays from an additional three holes from this initial phase of the program. Drilling has recently begun on a follow-up phase (phase 2) of the program to include 16 holes for in excess of 10,000 metres to further identify the potential to add additional inferred and indicated resources to the deposit. Results are expected throughout the quarter."
Results from this drilling will help to confirm the continuity and potential to extend known nickel mineralization both laterally and at depth associated with the currently defined indicated resource within the deposit. This drill program is separate from two new discoveries, announced in the M11A and Apex zones, located within three kilometres of the Bucko deposit, which are also the subject of recently announced, renewed follow-up drilling.
TABLE 1
SUMMARY ASSAY RESULTS 2006 PHASE 1 DRILLING
BUCKO DEPOSIT, THOMPSON NICKEL BELT
Core Core
Drill From To length length Nickel Copper PGEs (1)
hole (metres) (metres) (metres) (feet) (%) (%) (gpt)
BK06-24 452.0 477.0 25.0 82.0 0.98 0.07 0.00
including 473.3 477.0 3.7 12.1 1.58 0.06 0.00
BK06-25 529.9 573.8 8.4 27.6 3.50 0.53 0.32
including 571.7 573.8 2.2 7.1 11.65 1.59 1.18
BK06-32 672.7 675.7 3.0 9.8 1.24 0.00 0.00
BK06-33 509.4 584.0 74.6 244.6 0.76 0.05 0.06
including 552.6 558.0 5.4 17.7 2.28 0.08 0.27
and 561.7 565.0 3.3 10.9 1.55 0.11 0.12
(1) Combined platinum and palladium values
Intersection intervals reported are core lengths; actual true widths are unknown at this time but are generally 70 per cent to 80 per cent of core length. True widths are calculated for each intersection. These could vary somewhat from time to time as the zones are reinterpreted, thereby altering the geometry.
The areas to be tested in this phase of the program are areas in which there have been little previous historical work and so every hole has the potential to make a significant contribution to the company's knowledge of the deposit and the potential to expand the mineral resources. Drilling is planned to consist of a phase 1 program totalling approximately 9,000 metres in 10 holes to be followed by phase 2 drilling consisting of an additional 10,000 metres in 16 holes.
Phase 1 is complete with 6,700 metres of drilling having been completed in 10 holes. Phase 2 is now expected to consist of approximately 12,000 metres in 16 holes with nine of these testing the Hinge zone.
These will follow up results from phase 1 drilling. Crowflight's objective is to add from 500,000 to one million additional tonnes of indicated resources through the two phases of drilling as part of its objective to enhance the economics of mining the Bucko deposit as identified in the feasibility study completed December, 2005 (refer to Stockwatch news dated Dec. 16, 2005). Crowflight expects to report on results from this program throughout the remainder of the third quarter. Two drill rigs are currently on-site and have recommenced drilling.
Qualified person/quality control procedures
This press release has been prepared and revised by Mr. Karelse, Crowflight's project development manager, a qualified person under the National Instrument 43-101 guidelines, based on data provided by Falconbridge Ltd. Fire assays are performed at the ALS Chemex laboratory in Vancouver on all the samples for gold and PGEs (platinum group elements) which undergo an ICP-AES finish and sodium peroxide fusion. All other metals undergo an ICP-AES finish. Standards and blanks are submitted with each sample batch.
We seek Safe Harbor. |
