Pistol Bay Clarifies News Article
12 March 2014 - 6:15AM
Marketwired
Pistol Bay Clarifies News Article
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 11, 2014) -
Pistol Bay Mining Inc. (TSX-VENTURE:PST) ("the Company") wishes to
clarify certain portions of an article distributed by GlobeNewswire
on March 10th 2014.
The Company would like to retract statements in the article that
refer to Pistol Bay as planning on being one of the first producing
mines, that the Company's capex has and will remain low and that it
could produce 150,000 tonnes per year and 1,000 tonnes of
concentrate at full production.
Any projection of production is not appropriate at this time
unless it can be supported by a feasibility study. The Company will
continue to work at advancing the Portland Graphite project as
quickly as possible.
About Pistol Bay Mining Inc. (TSX-VENTURE:PST) is a diversified
Junior Canadian Mineral Exploration Company with a focus on
graphite, precious and base metal properties in North America.
On Behalf of the Board of Directors
PISTOL BAY MINING INC.
Charles Desjardins, President and Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary note:
This report contains forward looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature, forward
looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in
the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic
factors. Cautionary Note to US investors: The U.S. Securities and
Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically
and legally producible under existing economic and operating
conditions.
Pistol Bay Mining Inc.Charles
Desjardins604-683-5445604-687-9631info@pistolbaymining.comwww.pistolbaymining.com
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