Crowflight Mineral Inc.

Published : February 13th, 2009

Ships First Concentrate from Bucko Lake Nickel Mine to Become Canada's Newest Nickel Producer

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Nickel | Platinum | Recovery | Sudbury Basin | Water |
=======================================================================
Re:   News Release - Friday, February 13, 2009
      Crowflight Ships First Concentrate from Bucko Lake Nickel Mine to
      Become Canada's Newest Nickel Producer
=======================================================================

CROWFLIGHT MINERALS INC. (the "Company") (TSX: CML) is pleased to
announce that it has shipped its first nickel concentrate from the
Bucko Lake Nickel Mine (Bucko) located near Wabowden, Manitoba.

The first shipment of nickel concentrate from Bucko, which occurred on
February 12, 2009, consisted of 98 tonnes of concentrate containing
11.5 tonnes of nickel. The commencement of nickel concentrate shipments
marks a major milestone at the Bucko Mine and the Company will now
focus on increasing production to reach full commercial production
early in the second quarter of 2009.

Mike Hoffman, Crowflight's President and CEO, commented, "We are very
pleased that we were immediately able to produce a marketable-grade
concentrate from the first material that we processed at Bucko. The
first shipment of nickel concentrate officially marks Crowflight's
transition to a nickel producer and we are very proud of our team for
reaching this milestone. This achievement is particularly satisfying
since our Company has managed to persevere during such difficult
economic times. A mere two years after construction began in November
2006, Bucko is now a producing mine. This could not have been
accomplished without the hard work of our employees, contractors and
the continued support of our stakeholders."

>From December 2008 to February 11, 2009, 9,674 tonnes grading 0.67%
nickel were processed. Crowflight is initially processing lower grade
material to commission the mill.  From February 5 to February 11, 5,100
tonnes were milled at a mill availability of 98%. The throughput
averaged 37 tonnes per hour (tph), or 82% of capacity, with a 12-hour
test run at 45 tph (equivalent to 1,080 tonnes per day for a 24-hour
period).  Metallurgical recoveries have fluctuated with the lower grade
material and commissioning of the reagent system, with the best
recovery thus far being 54% grading 0.7% nickel. As part of its offtake
agreement with Xstrata, all nickel concentrates produced at Bucko are
being shipped to Xstrata's smelter in Sudbury, Ontario.

Crowflight's production targets for 2009 at Bucko are 9.1 million
pounds of payable nickel at an average operating cash cost of US$3.61
per pound nickel (using an exchange rate of 1.2 Canadian to 1.0 US
dollar, beginning after the mine is in commercial production) from
362,000 tonnes at 1.65% nickel with a 77% recovery.

Crowflight currently estimates ongoing capital requirements for 2009 to
be approximately US$10 million.

Crowflight has been working continuously to complete commissioning of
the mill at the Bucko Mine.  Cold weather conditions in December and
early January resulted in freezing in the fine ore bin when re-handling
stockpiled ore from initial ore development, limitations on the use of
process water and the need to manually add reagents. Completion of
final electrical, pipefitting, HVAC and automation work was conducted
during that time as well.

In January, Crowflight resolved the fine ore bin issues, and completed
the recycle water system and reagent system. As a result, the Bucko
Mine mill construction is now complete. Moving forward, Crowflight
plans to continue to optimize mill throughput, concentrate quality and
mill recoveries. Higher grade mill feed is expected to help increase
recoveries and concentrate quality.

Crowflight is currently mining in the first high grade stope area on
the 1,000 foot level underground at Bucko.  As planned, lower grade
stopes on the 1,000 foot level are also being mined and the high grade
stope area on the 900 foot level is now being developed. The main ramp
has been developed approximately 380 feet down vertically from surface.
Some ore development and crown pillar support activities will occur
from the 450 foot level, which should be reached late in the first
quarter.

Qualified Person/Quality Control Procedures
The scientific and technical information in this press release has been
reviewed by Mr. Paul Keller, P.Eng. and COO of Crowflight, a Qualified
Person under the National Instrument 43-101 guidelines.

Crowflight Minerals - Canada's Newest Nickel Producer
Crowflight Minerals Inc. (TSX: CML) is a Canadian junior mining company
that is producing nickel at the Bucko Lake Nickel Mine near Wabowden,
Manitoba. Full commercial production is expected to be achieved at
Bucko early in the second quarter of 2009. Crowflight has hedged 2.97
million pounds, or approximately 30%, of its 2009 production at an
average realized price of US$7.74 per pound. The Company is also
focused on nickel, copper and Platinum Group Mineral (PGM) projects in
the Thompson Nickel Belt and Sudbury Basin.

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 proposed
exploration programs and expected results, planned production, timing
and results of updated mineral resource estimates, and timing for first
delivery of concentrate. Estimates regarding future exploration and
production are based on management knowledge and experience, current
operating results and analysis by third parties. 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, third party risks, production risks, 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.


Further information is available on the Company's website at
www.crowflight.com or contact:

Mike Hoffman
President and CEO
Crowflight Minerals
Tel: (416) 861-2964

Heather Colpitts
Manager, Investor and Public Relations
Crowflight Minerals
Tel: (416) 861-5803
info@crowflight.com

=======================================================================
Copyright (c) 2009 CROWFLIGHT MINERALS INC. (CML)  All rights reserved.
 For more information visit our website at http://www.crowflight.com/
or send mailto:info@crowflight.com
Message sent on Fri Feb 13, 2009 at 5:56:28 AM Pacific Time
=======================================================================
.
<
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Crowflight Mineral Inc.

PRODUCER
CODE : CML.TO
ISIN : CA13758Y2015
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Crowflight Mineral is a nickel producing company based in Canada.

Crowflight Mineral produces nickel, copper in Canada, and holds various exploration projects in Canada.

Its main asset in production is BUCKO LAKE in Canada and its main exploration properties are AER/KIDD, PETER'S ROOST and TNB NORTH in Canada.

Crowflight Mineral is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 938 000 as of today (US$ 682 583, € 609 615).

Its stock quote reached its highest recent level on November 01, 1996 at CA$ 96.02, and its lowest recent point on February 04, 2016 at CA$ 0.03.

Crowflight Mineral has 37 520 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Crowflight Mineral Inc.
9/21/2006Ascenta Capital Partners Crowflight Report.pdf
Annual reports of Crowflight Mineral Inc.
Annual Report 2006
Financings of Crowflight Mineral Inc.
1/27/2011Announces $30 Million Private Placement
1/28/2010Provides Further Details on Non-Binding Expression of Intere...
9/22/2009Announces Private Placement Financing
7/28/2009Announces Closing of Previously-Announced Private Placement ...
7/8/2009Announces Private Placement Financing and Provides Bucko Upd...
12/31/2008Amends Terms of Warrants in Connection with Debt Facility Re...
12/17/2008Closes Underwritten Flow-Through Private Placement Financing...
12/2/2008Announces Underwritten Flow-Through Private Placement Financ...
4/30/2008 Closes Bought Deal Private Placement Financing of $11 Milli...
4/16/2008 Announces Bought Private Placement Financing of $11 Million
Nominations of Crowflight Mineral Inc.
3/23/2010Appoints Stephen Davies as Chief Operating Officer
8/21/2009Appoints Mark Trevisiol as President and CEO
5/27/2009Appoints Mike Kelly as President & CEO and Mike Hoffman as C...
5/26/2008Appoints Anna Ladd as CFO
9/10/2007Appoints Bruce Humphrey as Chairman and Mike Hoffman as Pres...
Financials of Crowflight Mineral Inc.
7/26/2011CaNickel Announces Second Quarter 2011 Financial Results and...
5/18/2010Announces First Quarter 2010 Financial Results
11/17/2009Announces Third Quarter 2009 Financial Results
8/13/2009Announces Second Quarter 2009 Financial Results
3/9/2009Announces Fourth Quarter and Year-End 2008 Financial Results
11/19/2008Reports Q3 2008 Financial Results
Project news of Crowflight Mineral Inc.
4/25/2011(Bucko Lake)Announces Restart of Bucko Lake Mine Operation
3/22/2010(Bucko Lake)Resumes Nickel Concentrate Shipments from Bucko Mine
3/4/2010(M11a)Reports Final Results From Drilling At M11A North Deposit
8/5/2009(Bucko Lake)Provides Bucko Mine Update
7/13/2009Intersects High Grade Nickel Off Surface Ramp at the Bucko M...
6/1/2009(Bucko Lake)Reports Results From Underground Drilling At The Bucko Mine
2/13/2009(Bucko Lake)Ships First Concentrate from Bucko Lake Nickel Mine to Becom...
1/23/2009(Bucko Lake)Intersects 9.56 Metres Of 7.87% Nickel; Commences Phase 2 De...
11/20/2008(Bucko Lake)Provides Bucko Lake Nickel Mine Update
10/1/2008Announces Mill Commissioning Underway at Bucko; Intersects 8...
6/25/2008(Bucko Lake)Provides Update on Underground Drilling at Bucko
5/20/2008(Bucko Lake)Final Results From Winter Exploration Drilling Further Indic...
5/9/2008(Bucko Lake)Provides Bucko Lake Nickel Project Update
4/23/2008(Bucko Lake)Discovers New Zone Of Mineralization At M11A North; Intersec...
3/28/2008(Bucko Lake) Commence Production at Bucko Lake Nickel Project
2/29/2008(Halfway Lake) Drilling at Halfway Lake Intersects 13 Metres Grading 1.6% ...
2/20/2008(Aer Kidd) Options AER Kidd Property in Sudbury; Provides Additional D...
1/23/2008(Bucko Lake) Finalizes $55 Million Debt Facility to Complete Bucko Lake ...
1/10/2008(Bucko Lake) Secures $55 Million Debt Facility to Complete Bucko Lake Ni...
9/17/2007(Bucko Lake)Reports New Inferred Nickel Resources for Deposits Near Buck...
Corporate news of Crowflight Mineral Inc.
9/23/2013CaNickel Announces Results of 2013 Winter Drill Program-Inte...
7/12/2013(Bowden Lake)CaNickel to Release Drilling Results at Bowden Lake Property
6/28/2013CaNickel Reports of Voting Results of Annual Meeting
10/29/2012(Bucko Lake)CaNickel Announces Updated Mineral Reserves and Resources fo...
9/14/2012CaNickel Announce Share Consolidation
9/7/2012CaNickel to Release 2012 Winter Drilling Results
7/5/2012CaNickel to Provide Business Updates
6/11/2012CaNickel Annual General Meeting Update
5/16/2012CaNickel to Suspend Blasting and Mill Operations
5/11/2012CaNickel Achieved Positive EBITDA
4/17/2012CaNickel Achieved Record Mill Recovery Rate
3/5/2012CaNickel Intercepts 7.3 Metres of 2.59% Nickel
2/6/2012CaNickel Files Preliminary Short Form Base Shelf Prospectus
12/29/2011CaNickel to Reduce Operations
9/30/2011CaNickel Granted Revised Environment Act Licence
8/22/2011CaNickel Announce New CEO and Change to the Board
6/29/2011CaNickel Intercepts 9.98 Metres of 2.35% Nickel
6/22/2011Announces Name Changed and Provides Business Updates
5/30/2011Arranged Debt Facility
4/14/2011Proposes Name Change and Share Consolidation
3/28/2011to Settle $11.3 Milion Debt for 258.8 Million Shares
3/16/2011Provides Legal Update
3/7/2011Receives $30 Million Financing Proceeds
2/22/2011 King Place Transferred 103.5 Million Shares
2/22/2011s Inc.: King Place Transferred 103.5 Million Shares
3/16/2010Provides Update on TSX Delisting Review
3/10/2010Resumes Milling Operations at Bucko
2/24/2010Provides 2010 Outlook
1/28/2010Announces Strategic Review And Private Placement Financing
2/26/2009Now Debt Free After Closing Out Hedge
1/13/2009Implements Additional Metal and Foreign Exchange Price Prote...
12/2/2008to Commence Trading on Toronto Stock Exchange
11/21/2008Obtains Conditional Approval to Trade on Toronto Stock Excha...
9/10/2008Discovers Two New Zones Of Mineralization Near Past-Producin...
7/30/2008Finalizes Metals Price Protection Requirements for Debt Faci...
1/21/2008 Accepts $55 Million Debt Facility Offer; Commences 2008 Exp...
1/21/2008Announces Changes To Board of Directors
11/15/2007 Partners with Pure Nickel to Explore Past Producing Manibri...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (CML.TO)FRANKFURT (CMI.F)
0.025+0.00%
TORONTO
CA$ 0.025
02/04 15:54 -
0%
Prev close Open
0.030 0.025
Low High
0.025 0.025
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.025 -16.67%
Volume 1 month var.
66 -16.67%
24hGold TrendPower© : -11
Produces Nickel
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/31/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.42-0.74%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.76+1.29%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-0.92%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.59-0.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.15+0.80%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-7.84%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.21-4.55%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-2.72%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.54+0.40%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04-2.63%Trend Power :