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Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY -- Ignore unavailable to you. Want to Upgrade?

To: RICK who wrote (327)	12/4/2000 6:20:05 PM
From: lorne	Read Replies (1) \| Respond to of 349

Rick. Nice jump in share price and volume today for Crowflight. > up 18c and volume 213000 Crowflight’s Drilling on AER/Kidd Property Returns Significant Intersections Diamond drilling on the AER /Kidd property located on the Worthington Offset dyke in the Sudbury Camp has encountered significant mineralization at depths well below the previously known extent of mineralization. DDH AER 007 and 007A (a wedge from 007) encountered mineralization between 980 meters and 1078 metres. AER 007 was sited to test a deep Audio Magnetotelluric (AMT) anomaly associated with the down-dip extension of the Worthington Offset Dyke. The hole intersected the dyke from 1011 metres to 1083 metres and contained sub-economic disseminated pyrrhotite and chalcopyrite mineralization. Within this mineralized envelope shorter sections of higher grade were intersected with the best being a 2.01m section assaying 0.83% Cu, 1.20% Ni and 0.6 g/t PGMs. A subsequent downhole EM survey indicated a stronger offhole anomaly and AER 007A was drilled to test this anomaly. The Worthington Offset Dyke was intersected from 951.4 to 1040.2 metres and sulphide mineralization consisting of pyrrhotite, chalcopyrite and pentlandite was intersected from 975 to 1021 metres. Within this wider mineralized envelope, two sections of higher grade were intersected. · 986.4 to 988.1 m (1.7m) assayed 1.02% Cu, 0.14% Ni and 0.3g/t PGMs. · 992.9 m to 1001.8 m (8.9 m) assayed 1.19% Cu, 0.27% Ni and 0.92 g/t PGMs Shorter sections of more massive mineralization occur within this interval with one 0.55 m section carrying 6.23 g/t PGMs. A downhole EM survey in 007A has indicated a "strong" offhole anomaly and our consultants have recommended that this should be drilled immediately. Management is encouraged by the intersection of these higher grade sections within the wider mineralized envelope. The continuation of the mineralized dyke from surface to depths greater than 1000m and the presence of higher grade sections confirm the geological model guiding the exploration program and support the possibility for "Totten-like" mineralization within the property. An expanded AMT program to cover the entire strike extent (approximately 2 km) of the Worthington Offset dyke within the Company’s property will commence as soon as ground conditions permit. Four additional deep AMT anomalies from the preliminary survey have yet to be tested and management plans to drill these during the next expanded drilling program. Exploration activity continues to accelerate in the Sudbury Basin area. For further information, please contact Dr. James M. Patterson, Vice President Exploration, by phone at (416) 368-0114, or by fax at (416) 368-0198. The Company website is at www.crowflightmineralsinc.com and the e-mail address is jbrady@hornbybay.com. James M. Brady, President and CEO crowflightmineralsinc.com