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Re: News Release - Thursday, November 20, 2008
Crowflight Provides Bucko Lake Nickel Mine Update
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CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX Venture Exchange: 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-V: 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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Further information is available on the Company's website at
www.crowflight.com or contact:
Mike Hoffman
President and CEO
Crowflight Minerals
Tel: (416) 861-2964
Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com
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Copyright (c) 2008 CROWFLIGHT MINERALS INC. (CML) All rights reserved.
For more information visit our website at http://www.crowflight.com/
or send mailto:info@crowflight.com
Message sent on Thu Nov 20, 2008 at 8:04:59 AM Pacific Time
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