News Release

 April 17, 2012
CANICKEL ACHIEVED RECORD MILL RECOVERY RATE

  No

No. 05/2012

 

CANICKEL ACHIEVED RECORD MILL RECOVERY RATE

 

Vancouver, British Columbia --- April 17, 2012 --- CaNickel Mining Ltd. ("CaNickel" or the "Company"), is pleased to report that an average of 79.1% mill recovery rate was achieved in March 2012. A total of 21,032 tonnes of ore with an average feeding grade of 1.19% were milled, producing a record nickel metal of 428,640lbs for the month. The highest daily recovery rate achieved in March 2012 was 86.1%.

Production results from Bucko Lake mine for the first quarter of 2012 ("Q1 2012"), each month of Q1 2012, and full year 2011 are summarized as follows(no production in Q1 2011):

 

Bucko Lake Mine

March

 2012

February

 2012

January

2012

Q1

2012

Year

2011

Ore mined (tonnes)

16,011

19,405

25,102

60,518

107,451

Ore milled (tonnes)

20,581

21,081

12,372

54,034

102,069

Head grade

1.19%

1.19%

1.16%

1.18%

1.18%

Mill recovery rate

79.1%

73.4%

71.7%

75.2%

61.0%

Nickel produced (lb)

428,640

406,687

226,729

1,062,056

1,631,916

 

Dr Dianmin Chen, the Director and CEO of CaNickel, comments that we are pleased to see mill production at our Bucko Lake Mine achieved the record results in mill recovery and nickel metal produced.It has been truly a great team effort from everyone within the Company to ensure we achieve an optimum result in our operations. We are still fine tuning our mill process for better performance at Bucko Lake Mine and are confident that we can continue to improve to achieve our production targets.

 

ABOUT CANICKEL

 

CaNickel Mining Limited, formerly "Crowflight Minerals Inc.", (TSX: CML) is a Canadianjunior 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) projectsin the Thompson Nickel Belt and SudburyBasin.

 

 

Further information is available on the Company's website at www.canickel.com or

contact:

 

Dr. Dianmin Chen                                        Derek Liu

Director and CEO                                           CFO and Corporate Secretary

Tel: 204 - 689 2972  ext.1031                         Tel: 778 -- 372 1806

Email: dchen@canickel.com                           Email: dliu@canickel.com

 

 

CaNickel Mining Limited

(Formerly Crowflight Minerals Inc.)

P.O. Box 35 1655-999 West Hastings Street

Vancouver, British ColumbiaCanadaV6C 2W2

Tel: 778-372-1806 Fax: 604-254-8863

 

Advisory Respecting 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 tuning mill process for better performance and continue to improve to achieve production target. 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.

 
 

You can view the Next News Release item: Fri May 11, 2012, CANICKEL ACHIEVED POSITIVE EBITDA

You can view the Previous News Release item: Thu Mar 8, 2012, CANICKEL IMPROVED MILL PERFORMANCE IN FEBRUARY

You can return to the main News Release page, or press the Back button on your browser.

CANICKEL MINING LIMITED. P.O. Box 35 1655-999 West Hastings Street, Vancouver, British Columbia, Canada V6C 2W2 P: 778-372-1806 F: 604-254-8863 E: