Crowflight Begins Construction Activities at Bucko Lake Deposit, Manitoba
Wednesday November 1, 8:01 am ET
TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2006) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML - News) is pleased to announce that it has begun construction activities at the Bucko Lake Deposit, located approximately 100 kilometres south of Thompson, Manitoba in the prolific Thompson Nickel Belt. Crowflight has begun foundation work in support of infrastructure to dewater and rehabilitate the historical 3-compartment, 330 metre deep shaft (approximately 1,000 feet below surface), on the property with the goal of advancing the development of the project towards production. The contractor mobilized on-site in mid October and has begun assembling re-bar and will soon be pouring the concrete foundations in support of the used hoist and headframe set previously announced to have been purchased by the Company. Additional work is underway on related surface support infrastructure buildings and the installation of a 40-man camp. Underground access will, in the near-term, facilitate underground in-fill diamond drilling and the development of underground workings to gain access to nickel mineralized areas of the Deposit.
Paul Keller, Crowflight's Vice President Operations commented on the construction activities, stating: "A lot of work has gone into advancing the project to this phase of development by a number of individuals within the community of Wabowden, the province of Manitoba, among various consulting firms working on the project in Crowflight's behalf and by members of the Crowflight technical team. We're endeavoring to advance the project in as timely a manner possible in the context of the current strong nickel price. We look forward to success in these activities over the coming months as we move the project towards production."
Crowflight's activities are being advanced under the terms of a permit issued by the province of Manitoba that permits the Company to de-water and rehabilitate the historical underground workings at the Bucko Deposit, perform underground drilling and advance underground development in pursuit of the extraction of a bulk sample. A bond has been posted with the Manitoba government for the decommissioning of the site as a prerequisite to the commencement of this work. Crowflight applied for full project permitting in April 2006 and completed a public review of its permit application on September 28, 2006. The Company is working towards full project permitting based on a development plan which envisions an underground mining operation and surface concentrator plant with mine production and plant throughput averaging 1,000 tonnes per day over an approximate six year mine life based on current Measured and Indicated Resources and Proven and Probable Reserves (refer to feasibility study filed on Sedar, January 2006).
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