|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:
President and CEO
Tel: (416) 861-5893
Manager, Investor and Public Relations
Tel: (416) 861-5803
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