Crowflight Provides Bucko Lake Nickel Mine Update
November 20 2008 - 7:15AM
Marketwired Canada
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
Canickel Mining (TSXV:CML)
Historical Stock Chart
From Nov 2024 to Dec 2024
Canickel Mining (TSXV:CML)
Historical Stock Chart
From Dec 2023 to Dec 2024