=======================================================================
Re: News Release - Monday, March 22, 2010
Crowflight Resumes Nickel Concentrate Shipments from Bucko Mine
=======================================================================
CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX: CML) is
pleased to announce that shipments of nickel concentrate from the Bucko
Lake Nickel Mine ("Bucko Mine") located near Wabowden, Manitoba
recommenced the week of March 15th.
This marks the first shipments of nickel concentrate since milling
operations resumed at the Bucko Mine earlier this month. The Company
continues to focus on increasing production rates to reach its start-up
target of 1,000 tonnes per day (tpd) production for the second quarter
of 2010, which is expected to increase to 1,200 tpd during the second
half of the year.
Crowflight's President and CEO Mark Trevisiol commented, "We are very
pleased to have the Bucko Mine producing nickel concentrate once again,
particularly with nickel prices reaching US$10 per pound recently. We
are proud of the achievements that our employees and Crowflight's
mining contractors have accomplished. A lot of progress has been made
in a very short period of time, which has culminated with the restart
of the Bucko operation."
As part of its offtake agreement with Xstrata, all nickel concentrates
produced from the Bucko Mine are being shipped to Xstrata's smelter in
Sudbury, Ontario.
About Crowflight Minerals
Crowflight Minerals Inc. (TSX: CML) is a Canadian junior mining company
that owns the Bucko Lake Nickel Mine near Wabowden, Manitoba that
recently resumed production. The Company also holds nickel, copper and
Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and
Sudbury Basin.
Cautionary Note on Forward-Looking Information
This press release contains forward-looking statements under Canadian
securities legislation. Forward-looking statements include, but are not
limited to, statements with respect to production plans, timetables and
costs, government regulations and the future disclosure of the Company.
Generally, forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward looking statements
are based on the opinions and estimates of management as of the date
such statements are made. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to those
risks set out in the Company's annual information form that is
available under the profile of the Company on SEDAR. Although
management of the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements. There can be no assurance that
such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not undertake to update
any forward-looking statements, except in accordance with applicable
securities laws.
Further information is available on the Company's website at
www.crowflight.com or contact:
Mark Trevisiol
President and CEO
Crowflight Minerals
Tel: (416) 861-5893
Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com
=======================================================================
Copyright (c) 2010 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 Mon Mar 22, 2010 at 6:24:34 AM Pacific Time
=======================================================================
.
|
Crowflight Mineral Inc.
|
|
PRODUCTEUR |
CODE : CML.TO |
ISIN : CA13758Y2015 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Crowflight Mineral est une société de production minière de nickel basée au Canada. Crowflight Mineral est productrice de nickel, de cuivre au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est BUCKO LAKE au Canada et ses principaux projets en exploration sont AER/KIDD, PETER'S ROOST et TNB NORTH au Canada. Crowflight Mineral est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 938 000 CA$ (682 583 US$, 609 615 €). La valeur de son action a atteint son plus haut niveau récent le 01 novembre 1996 à 96,02 CA$, et son plus bas niveau récent le 04 février 2016 à 0,03 CA$. Crowflight Mineral possède 37 520 000 actions en circulation. |