|September 30, 2011|
CaNickel Granted Revised Environment Act Licence
|Vancouver, British Columbia - September 30, 2011 - CaNickel Mining Ltd. ("CaNickel" or the "Company"), is pleased to announce that it has been granted by the Manitoba government a revised Environment Act Licence (the "Licence") to construct and operate a land based tailing management area (the "TMA") at its Bucko Lake Mine, Wabowden, Manitoba. |
The TMA is an expansion of the existing Interim Tailing Storage Facility (the "ITSF") and has a footprint of approximately 68.5 hectares to store all tailing from Bucko Lake Mine for the remainder of its existing mine life. Environmental studies indicated that the TMA would have a net benefit in relation to environmental impact, eliminating the need for sub-aqueous deposition of the tailing into Bucko Lake. The Construction of the TMA will be carried in two phases and the phase I construction is underway and expected to be completed by end of 2011 or early 2012.
"The granting of this License is a significant achievement for the Company." said Dr. Dianmin Chen, CEO of CaNickel. "The tailing storage issue concerning the Company over the past several years would now be resolved, and we are able to secure the privilege to continue to advance our strategic plan and ramp up and expand the operation at Bucko Lake Mine and to develop the untapped resources in the Company's projects in the Thompson Nickel Belts. We thank the Manitoba government and local community for their continued support to the Company."
CaNickel Mining Limited, formerly "Crowflight Minerals Inc.", (TSX: CML) is a Canadian junior mining company that owns and operates the Bucko Lake Nickel Mine near Wabowden, Manitoba. The Company also holds nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin.
Further information is available on the Company's website at www.canickel.com or contact:
CFO and Corporate Secretary
Tel: 778 -- 372 1806
Tel: 604 -- 365 8787
CaNickel Mining Limited
(Formerly Crowflight Minerals Inc.)
P.O. Box 35 1655-999 West Hastings Street
Vancouver, British Columbia Canada V6C 2W2
Tel: 778-372-1806 Fax: 604-254-8863
Cautionary Note on Forward-Looking Information
This press release contains forward-looking statements under Canadian securities legislation. 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 of the Company described in its annual information form that is available under its profile on SEDAR at www.sedar.com. 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 may be other factors that cause results not to be as anticipated, estimated or intended. 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.
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