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The Company projection for the fiscal year ending November 30, 2009 remains 8 million tonnes of aggregate. The Company is currently operating during its busiest period, as aggregate delivery increases in the third and fourth quarters, with the fourth quarter being the most active.
President Dom Kriangkum states: "Currently, there are 8 gravel crushing plants, 3 sand and gravel washing plants and 1 asphalt plant operating in the Susan Lake Gravel Pit as the contractors are trying to meet their construction deadlines prior to winter. Our three scales are operating at full capacity weighing trucks prior to delivery to projects. We expect that the activities will continue well past November."
The Company is also announcing that progress continues to be made on its proposed acquisition of a 25% interest in the T-ROC pit to pier aggregate project located in Washington State, US. The Company has collected all information required for a NI 43-101 technical report, and expects to finalize in the fourth quarter.
About Athabasca Minerals:
Athabasca Minerals Inc. is a resource company engaged in the management, exploration and development of industrial minerals in Canada. The Company's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions. The Company has substantial land holdings in the vicinity of Fort McMurray, Alberta and Peace River, Alberta. Independent from its mineral exploration activities, the Company is also pursuing sand and gravel exploration and development projects throughout northern Alberta. These activities include contracts works, gravel pit management, new gravel development and acquisitions of sand and gravel operations.
On Behalf of the Board
Dom Kriangkum, President, CEO
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Athabasca Minerals. The forward-looking statements or information contained in this news release are made as of the date hereof and Athabasca Minerals does not undertake any 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.
SOURCE: Athabasca Minerals Inc.
Athabasca Minerals Inc. info@athabascaminerals.com Boardmarker Group Dean Stuart (403) 517-2270 dean@boardmarker.net
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