September Aggregate Delivery Exceeds 1.2 Million Tonnes
October 13, 2009
Edmonton, Alberta - October 13, 2009 - Athabasca Minerals Inc. (the "Company" or "Athabasca" - TSX Venture: ABM) is pleased to announce aggregate delivery for the month of September 2009. During this month, the Company delivered 1,255,365 tonnes of aggregate from the Susan Lake and the Poplar Creek aggregate pits to regional customers which include contractors and oil sands companies. This represents a 58% increase from the August 2009 delivery number of 793,214.
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 involved in the management, exploration and development of aggregate projects in Canada. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Company also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta. The Company's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions.
On Behalf of the Board
Dom Kriangkum, President, CEO
For further information, please contact firstname.lastname@example.org or Dean Stuart, Boardmarker Group, at (403) 517-2270 E: email@example.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.