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Home Page:
crowflight.com
Shares:
Share Capitalization
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Shares outstanding* (basic): 121.1 million
Warrants outstanding*: 35.5 million
Options outstanding*: 7.4 million
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Total Shares Outstanding (fully diluted): 164 million
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52 week range: 0.0175 - 0.41
crowflight.com
Nickel related websites
crowflight.com
Nickel related News
crowflight.com
Projects:
ONE
The Thompson Nickel Belt (TNB) is a geological region located in north central Manitoba known to host large deposits of nickel sulphides. Since discovery in the 1950s, the belt has produced more than four billion pounds of nickel from several mines operated at one point or another by either Inco Limited or Falconbridge Limited. Two deposits owned and operated by Inco (Thompson and Birchtree) are currently in production and in 2005 produced about 70 million pounds of contained nickel. The nickel smelting and refining facilities at Thompson contribute to roughly one-third of total Canadian nickel output.
Crowflight Minerals holds under option from Falconbridge an interest in ownership of the second-largest land package in the TNB. An option to earn from 42.5% to 70% interest (if Crowflight were to choose to bump-up its interest from a 50% earned interest) was entered into in 2004 and 2005 under two separate agreements; one in the TNB South Project Area (190 square kilometres); the other in the TNB North Project Area (220 square kilometres).
Within the TNB South Project Area, Crowflight maintains the option to earn a 100% interest in the Bucko Nickel Deposit. An initial 50% interest can be earned on (i) completion of a Bankable Feasibility Study which is currently underway and expected to be completed prior to December 31, 2006; and (ii) on funding the remaining minimum exploration commitments of $4.5 million to 2009 by commencing commercial production scheduled for 2007.
crowflight.com
TWO
The Sudbury Basin is one of the largest nickel and platinum group mineral (PGM) mining camps in the world. It is estimated that over US$120 billion worth of nickel, copper and PGM metal have been produced from the region over the past 100 years.
Crowflight has several advanced-stage exploration projects in the Sudbury Basin, including:
(1) its 100% owned AER Kidd Property, located immediately adjacent to Inco's Totten Deposit (10.1 million tonnes grading 1.5% nickel, 2.0% copper and 4.8 g/t PGMs);
(2) its 100% owned Peter's Roost Property, located in the North Range of the Sudbury Basin; and
(3) its participation in a joint venture on the the Airport Property (with Millstream Mines Ltd.), located four kilometres 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 PGMs).
Location Map - Crowflight Sudbury Basin Projects
View Hi-Res PDF version
Given the attractive location of these properties relative to known mineralized features, development stage projects and in the context of some of the exploration results received, Crowflight believes it is well positioned to participate in the development of significant metal resources in the Sudbury Basin area.
crowflight.com
Technical Reports
crowflight.com
News:
Crowflight Minerals Inc.: Summer Drill Program Commences Following-Up Discoveries at M11A North and Apex Zones
marketwire.com
Crowflight Continues To Intersect Nickel Mineralization In Bucko Deposit Resource Expansion Drilling
Wednesday May 24, 7:30 am ET
biz.yahoo.com
Crowflight-Falconbridge Commence Thompson Nickel Belt Winter Exploration Drilling.
highbeam.com
News
24hgold.com
Crowflight Signs Option Agreement with Wallbridge on Peter's Roost Property in the Sudbury Basin
Jun 28, 2006 8:14:00 AM
alphatradefn.com
Manitoba
gov.mb.ca
Date: July 16, 2003
July 15, 2003 Close: $0.095
MILLSTREAM RESTRUCTURES WITH CROWFLIGHT MINERALS INC.’S NEW MANAGEMENT TO ADVANCE ITS SUDBURY PROPERTY
Ernest Harrison, president of Millstream Mines Ltd., is pleased to announce that Millstream and Crowflight have resolved their relationship and have signed a Participation and Joint Venture agreement, regarding Millstream’s Airport Property, located in the Falconbridge Township, Sudbury Mining District, Ontario, Canada.
Crowflight, to earn its 50% interest, must make a $60,000 property payment and fund a mutually approved $325,000 initial exploration program with Millstream as the Operator. An equal representation Management Committee will prescribe direction and policy for the 50:50 joint venture on behalf of the two parties.
The initial work program includes a Tuned Gradient I.P./Resisitivity geophysic survey over the entire property (46 contiguous mining claim units) to be conducted by Insight Geophysics Inc., to provide a high density of Apparent Resistivity and Chargeability measurements from near surface to estimated depths of 500-600 meters.
Both Crowflight’s management and consultant Mr. Bill Pearson, Ph.D., P. Geo., and Millstream’s consultant Mr. John Gingerich, professional geophysicist, APGO (YLI P.R. March 3, 2003) have, with other properties, successful experiences utilizing Insight’s leading state-of-the-art deep geophysics technology. Based on the interpretations of the resulting geophysic data and the property data compilation identified targets will be test drilled in search of economical copper-nickel-cobalt-PGM mineralization.
The Airport Property is located just outside the east rim of the Sudbury basin on the southeast horn of the Basin (see attached picture file); and 1.2 Km east of Falconbridge’s past producer, Norduna Mines, and 4 Km southeast of Falconbridge’s recent (Nickel Rim South) hi-grade Cu-Ni-Co-PGM discovery near to their past producer, Nickel Rim Mine (FL P.R. April 16, 2002, “the hi-grade intersection has a gross value of CDN$2,000/tonne”). Currently, Falconbridge-Aurora Platinum J.V. (ARP P.R. July 11 & Sept 11, 2002) are diamond drilling their property abutting the south half west boundary of the Airport Property. Sudbury Breccia and Psuedotachylite are the known host structures for ores in the Sudbury Basin Footwall zones. These structures are found in the Nickel Rim South new discovery and at other mining locations around the Sudbury Basin.
Consultant, John Gingerich, notes the Airport Property has several long zones of untested Breccia and Psuedotachylite with numerous Cu-Ni-Co-PGM showings, indicating the potential for a more significant deposit. Consultant, Phil Brown, geologist, states that two major faults, the Airport Fault and the Norduna Fault, cross the Property in a southeasterly direction and that Cu-Ni-Co-PGM mineralization has been associated with these faults (YLI P.R. Jan. 21, 2002).
Following the completion of the initial exploration program, Crowflight to maintain its 50% interest is obligated to fund the next $600,000 of exploration work and thereafter each party is obligated to fund as per its held interest, with a standard j.v. dilution factor applicable in the event of electing not to fund.
The management of Millstream believe that the combined expertise and talent of the two parties with this concerted exploration effort is the most advantageous process to obtain a clearer and fuller understanding of the potential value of the Airport Property.
The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential.
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millstreammines.com
John
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