Crowflight Granted License to Commence Production at Bucko Lake Nickel Project
28 Mars 2008 - 8:41PM
Marketwired
TORONTO, ONTARIO (TSX VENTURE: CML) is pleased to announce that
it has received its Environment Act License from the province of
Manitoba. This permit will allow Crowflight to commence production
at the Bucko Lake Nickel Project, located near Wabowden,
Manitoba.
Due to the extended schedule for completion of the federal
permitting process to allow Crowflight to store tailings in Bucko
Lake and the likelihood that federal permits would not be available
by the time the mine would be ready to start production in the
third quarter of 2008, Crowflight decided to consider alternative
means of bringing the project into production. To this end,
Crowflight submitted a Notice of Alteration (NOA) to its original
Environment Act License Proposal in December 2007 to include the
provision for an interim land-based tailings storage facility
(ITSF) that would allow for up to 12 months of tailings to be
stored on surface, assuming 50% of the tailings are disposed
underground in mined out areas as originally planned.
Mike Hoffman, Crowflight's President and CEO commented: "We are
pleased to have received the Environment Act License from the
provincial government, as it gives us the green light to commence
production at the Bucko Lake Nickel Project this year. We feel that
the interim land-based tailings storage is the best solution to
allow us to begin operations at Bucko upon completion of site
construction. This interim alternative will ensure the safety and
protection of the surrounding environment and will enable us to
start production in the third quarter of 2008, while allowing the
federal permitting process for the use of Bucko Lake as a Tailings
Impoundment Area to be duly completed. We continue to work closely
with our local communities, the government of Manitoba and the
federal government to expedite the federal permitting process."
Due to the nature of the design of the ITSF, only provincial
permitting is required. However, Crowflight is still engaged in,
and will continue with, the process of securing federal
environmental permits for the use of Bucko Lake as a Tailings
Impoundment Area (TIA) for long-term tailings storage. One of the
major milestones in the federal permitting process occurred in
November 2007 and in February 2008 with the Section 35 Aboriginal
Consultation with the community of Wabowden and the First Nation
community of Cross Lake. The next milestone in the federal
permitting process should occur in the second quarter of 2008 with
the release of the Canadian Environmental Assessment Act (CEAA)
screening environmental assessment (prepared by Fisheries and
Oceans Canada in cooperation with Transport Canada) relating to the
use of Bucko Lake as a TIA.
Once the final approval for the proposed TIA is obtained from
the federal government, Crowflight plans to transfer the tailings
stored in the land-based ITSF to the Bucko Lake TIA, as this method
is considered the most environmentally-sound approach for secure,
long-term tailings storage.
The current construction schedule estimates that the
commissioning of the processing plant and ore throughput ramp-up
will occur in the third quarter of 2008, with mill commissioning
expected in July and the first ore to be processed through the mill
in August of 2008.
Please visit www.crowflight.com for photos of construction
activities at the Bucko Lake Nickel Project.
Crowflight Minerals - Canada's Next Nickel Producer
Crowflight Minerals Inc. (TSX VENTURE: CML) is a Canadian junior
mining exploration and development company focused on nickel,
copper and Platinum Group Mineral (PGM) projects in the Thompson
Nickel Belt and Sudbury Basin. The Company currently owns and/or
has under option approximately 800 square kilometres of exploration
and development properties in Manitoba and Ontario.
Crowflight's priority is to bring the fully-funded Bucko Lake
Nickel Project located near Wabowden, Manitoba into production by
the third quarter of 2008.
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
construction and permitting timelines and costs, environmental
impact, impact of receipt of permits, timing of future aboriginal
consultation and costs of timing of production. 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.
Total Shares Outstanding: 251.0MM
Fully Diluted: 300.0MM
52-Week Trading Range: C$0.45 - $1.35
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Crowflight Minerals Inc. Mike Hoffman President and
CEO (416) 861-2964 Crowflight Minerals Inc. Heather Colpitts
Manager, Investor and Public Relations (416) 861-5803 Email:
info@crowflight.com Website: www.crowflight.com
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