Crowflight Provides Bucko Lake Nickel Mine Update
21 November 2008 - 12:15AM
Marketwired
CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:
CML) today provided an update on the progress being made at the
Bucko Lake Nickel Mine located near Wabowden, Manitoba.
Commissioning activities continue at the Bucko Lake Nickel Mine.
Expectations are to ramp up production during the remainder of 2008
to declare full commercial production during the first quarter of
2009. The commissioning 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. Ore from the first production stopes has been
developed and production mining should begin shortly.
- The main ventilation raise broke through to surface in late
October.
- The commissioning of the crushing and grinding areas is
essentially complete with minor modifications on-going.
- The flotation circuit is close to being fully commissioned and
a low grade flotation concentrate was produced on November 18th.
Work in the next week will involve further commissioning of the
flotation circuit to produce a marketable nickel concentrate.
- The concentrate filtration area is mechanically and
electrically complete and will now undergo final commissioning.
- Completion of the mill automation is expected to be finalized
by early December.
- The interim tailings storage facility is complete and water is
being stockpiled for reclamation in the storage facility.
- The assay lab will be complete next week.
- Final commissioning of the mill is expected to be complete in
the next few weeks and ramp up to full production will continue
through 2008 and early 2009.
- Conducted mill training and hired 10 local residents for mill
operations.
Commented Paul Keller, Crowflight's Vice President Operations
and COO, "The mill commissioning has progressed reasonably well to
date with the equipment functioning as designed. We have been
making modifications as we go and to date, we have not encountered
any issues that will prevent us from ramping up to full production.
We have taken efforts to maximize the number of people we hire from
the local area and we are pleased with the quality and attitude of
our new employees. We are looking forward to reaching full
production and producing positive cash flow."
Crowflight Minerals - Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX VENTURE: CML) is a Canadian junior
mining company that is bringing the Bucko Lake Nickel Mine near
Wabowden, Manitoba into production. 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.
Further information is available on the Company's website at
www.crowflight.com.
Total Shares Outstanding: 269.7MM
Fully Diluted: 307.9MM
52-Week Trading Range: C$0.09 - $0.80
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Crowflight Minerals Inc. Mike Hoffman President and
CEO (416) 861-2964 Crowflight Minerals Inc. Heather Colpitts
Manager, Investor and Public Relations (416) 861-5803 Email:
info@crowflight.com Website: www.crowflight.com
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