Crystallex Comments Las Cristinas Position
2008年11月7日 - 8:30AM
Marketwired
Crystallex International Corporation (TSX: KRY)(NYSE-A: KRY) wishes
to advise that, as a result of media reports relating to the
control of the Las Cristinas gold project, the Company has
requested formal clarification from the Minister of Mines ("MIBAM")
as to the status of the Project and the Mine Operating Contract
("MOC").
To date, other than media coverage and comments therein, the
Company has not been advised by MIBAM or any other government
agency of any changes to the control of the Las Cristinas Project
or to the MOC.
About Crystallex
Crystallex International Corporation is a Canadian based gold
producer with significant operations and exploration properties in
Venezuela. The Company's principal asset is the Las Cristinas
property in Bolivar State that is currently under development at
the initial planned production rate of 20,000 tonnes of ore per
day. Crystallex shares trade on the TSX (symbol: KRY) and NYSE
Alternext US (symbol: KRY) Exchanges.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws, including: statements
relating to the estimated reserves and resources at Las Cristinas;
anticipated results of drilling programs, feasibility studies or
other analyses; the potential to increase reserves and expand
production, at Las Cristinas; Crystallex's projected construction
and production schedule, and cost and production estimates, for Las
Cristinas; and management's statements regarding its expectations
regarding mining in Venezuela. Forward-looking statements are based
on estimates and assumptions made by Crystallex in light of its
experience and perception of historical trends, current conditions
and expected future developments, as well as other factors that
Crystallex believes are appropriate in the circumstances. Many
factors could cause Crystallex's actual results, performance or
achievements to differ materially from those expressed or implied
by the forward looking statements, including: gold price
volatility; impact of any hedging activities, including margin
limits and margin calls; discrepancies between actual and estimated
production, between actual and estimated reserves, and between
actual and estimated metallurgical recoveries; mining operational
risk; regulatory restrictions, including environmental regulatory
restrictions and liability; risks of sovereign investment;
speculative nature of gold exploration; dilution; competition; loss
of key employees; additional funding requirements; and defective
title to mineral claims or property. These factors and others that
could affect Crystallex's forward-looking statements are discussed
in greater detail in the section entitled "Risk Factors" in
Crystallex's Annual Information Form (which is included in the
Annual Report on Form 40-F that Crystallex files with the United
States Securities and Exchange Commission (the "SEC") and elsewhere
in documents filed from time to time with the Canadian provincial
securities regulators, the SEC and other regulatory authorities.
These factors should be considered carefully, and persons reviewing
this press release should not place undue reliance on
forward-looking statements. Crystallex has no intention and
undertakes no obligation to update or revise any forward-looking
statements in this press release, except as required by law.
Contacts: Investor Relations Contact: Crystallex International
Corporation Richard Marshall, VP 1-800-738-1577 Email:
info@crystallex.com Website: www.crystallex.com
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