Considering how close Rox's 4 options are close to Crowflight's Bowden mine, this news is fantastic. Yet another affirmation of how much rich nickel ore lies underneath the surface in this region. Note the signifcant amount of PGE's too; including 1.3m of 2.15 g/t!
Crowflight Discovers New Zone of Mineralization at M11A North; Intersects 26.7 Metres Grading 1.30% Nickel
Announced further assay results from its 2008 winter drilling program that recently concluded in the Thompson Nickel Belt, Manitoba. (AGORACOM Client Rox Resources directly next door from Crowflight Mine)
Exploration diamond drilling has intersected what is interpreted to be a new zone of nickel sulphide mineralization located beneath the M11A North deposit, approximately 4 kilometres north of the Bucko Lake Nickel Deposit (Bucko) that is currently under development. Of particular note is Hole M08-03 that intersected 26.7 metres (87.5 feet) grading 1.30% nickel including 5.76 metres (16.6 feet) grading 3.06% nickel.
In addition to encouraging results at M11A North, Crowflight has intersected additional nickel mineralization at its Halfway Lake deposit.
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Core Core
Drill Hole From To Length Length Nickel Copper PGE's(1)
---------- ---- -- ------ ------ ------ ------ --------
(metres) (metres) (metres) (feet) (%) (%) (gpt)
Halfway Lake
HW08-01(2) 348.20 351.60 3.40 11.2 0.90 0.08 0.11
And 366.00 370.00 4.00 13.1 0.69 0.05 0.13
HW08-02(2) 334.22 347.25 13.03 42.7 1.58 0.09 0.26
Incl. 334.22 339.45 5.23 17.2 1.76 0.07 0.24
Incl. 338.45 339.45 1.00 3.3 2.44 0.05 0.23
HW08-03 no significant assays
HW08-04 183.62 199.23 15.61 50.1 1.03 0.06 0.16
Incl. 198.82 199.23 0.41 1.3 8.35 0.03 2.15
HW08-05 135.66 139.00 3.34 10.7 1.16 0.09 0.16
HW08-06 181.98 182.28 0.30 1.0 5.11 0.27 0.63
Greg Collins, Crowflight's Vice President of Exploration, commented on the results stating: "The results from hole M08-03 represent some of the highest grade mineralization over the longest interval that we have encountered at M11A North to date. In 2007, work near M11A focused on establishing a NI 43-101 compliant Inferred Resource following the initial discovery of the deposit in 2006. Hole M08-03 appears to have intersected a new Lower Zone of mineralization located beneath the known resource that remains open along strike and at depth. Overall, results from the 2008 winter exploration program continue to demonstrate the potential for resource additions near Bucko and provide new options for Crowflight to support future expansion or extended mine life at its Bucko operations."
