Athabasca Announces the Opening of Cowpar Aggregate Operation

Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is
pleased to announce the initiation of aggregate production and delivery from its
recently opened Cowpar aggregate operation ("Cowpar") located 95 km southeast of
Fort McMurray. This is the fourth corporate owned aggregate operation brought
into operation by Athabasca since February, 2012. 


Cowpar is governed by an agreement between Athabasca and DeneCo Aggregates Ltd.
("DeneCo"), a First Nations company. Athabasca serves as the developer and
operator for Cowpar in return for a royalty paid to DeneCo. Athabasca has
entered into a further agreement with DeneCo for a second nearby aggregate
location, where Athabasca would serve as the developer and operator of that
location under a similar arrangement. These agreements encourage and promote the
participation of First Nations in employment and business opportunities. DeneCo
will also assist Athabasca with the marketing of aggregates produced from Cowpar
and Athabasca's other regional pits.


Athabasca has conducted confirmatory testing at Cowpar, and has completed
clearing and soil salvage in order to extract the aggregate. The Corporation's
crushing spread was recently moved on a temporary basis from its Kearl pit to
Cowpar in order to process aggregate for regional customers. Production of
gravel is underway and sales have already been delivered. Athabasca will
continue to process gravel at Cowpar to meet further regional demands. Gravel
processed at Cowpar will be stockpiled at a strategic location for year round
delivery. 


"Athabasca was able to quickly and effectively open the Cowpar aggregate
operation to supply aggregates to the region," says Dom Kriangkum, President and
CEO of Athabasca. "We are extremely pleased to be partnered with DeneCo and to
generate these additional opportunities in the region."


Logan Aggregate Delivery Update

Athabasca has suspended Logan aggregate operations and will currently not
deliver the remainder of the crushed gravel order previously disclosed in the
November 26, 2013 news release as the contract customer has placed their project
on hold. Since November 26, 2013, Athabasca has hauled a total of 67,430 tonnes
of gravel for this order. The remaining 192,920 tonnes under the contract is
already processed and is available to be hauled pending contract resumption from
the customer. This processed gravel is also being marketed for sale to other
regional customers. A portion of the gravel has been hauled from the Logan pit
to Athabasca's Conklin stockpile site in preparation for year round sales and
delivery. 


About Athabasca Minerals

The Corporation is a resource company involved in the management, exploration
and development of aggregate projects. These activities include contracts works,
aggregate pit management, new aggregate development and acquisitions of sand and
gravel operations. The Corporation also has industrial mineral land holdings for
the purpose of locating and developing sources of industrial minerals and
aggregates essential to high growth economic development.


Neither the TSX Venture nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture) accepts responsibility for the
adequacy or accuracy of this release. 


The securities of Athabasca have not been, nor will be, registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons
absent U.S. registration or an applicable exemption from U.S. registration
requirements. This release does not constitute an offer for sale of securities
in the United States.


This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the expected timing of the
Corporation's submissions to ESRD and the completion of a resource report. The
forward-looking statements contained in this document are based on certain key
expectations and assumptions made by the Corporation. Although the Corporation
believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the
forward-looking statements because the Corporation can give no assurance that
they will prove to be correct. Since forward-looking statements address future
events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, the failure to obtain necessary regulatory approvals, the failure to
obtain adequate information to complete a resource report, risks associated with
the mining industry in general (e.g., operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), commodity price and exchange rate
fluctuations. Mineral resources that are not mineral reserves do not have
demonstrated economic viability. The forward-looking statements contained in
this document are made as of the date hereof and The Corporation undertakes no
obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Boardmarker Group
Dean Stuart
403-517-2270
dean@boardmarker.net
Aben Minerals (TSXV:ABM)
過去株価チャート
から 5 2024 まで 6 2024