Athabasca Reports Sand and Gravel Deliveries up 57.3% for January 2010
Edmonton, Alberta - February 16th, 2010 - Athabasca Minerals Inc. (the "Corporation" or "Athabasca" - TSX Venture: ABM) is pleased to announce a 57.3% increase in the volume of aggregates supplied from its Susan Lake and Poplar Creek Aggregate operations during the month of January compared to 2009. A total of 176,000 tonnes of aggregates was delivered, with demand predominantly coming from oil sands companies located in close proximity to the Corporation aggregate operations near Fort McMurray, Alberta.
Gravel Delivery for January
|Percentage change over previous year||+ 57.3%||+ 17.9%|
Note: All figures are in tonnes.
The Corporation continues to be the primary supplier of aggregates to the oil sands industry in Northern Alberta, and accepts new orders throughout the year for additional material.
President Dom Kriangkum explained, "The dramatic increase in demand in January is reflective of the increasing activity of oil sands companies in Alberta's Wood Buffalo region. Athabasca is the preferred supplier of aggregates in this area."
New developments of aggregate resources are under evaluation for their scale and economic potential in the Wood Buffalo region.
About Athabasca Minerals Inc.
Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects in Canada. These activities include contract works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral landholdings in the vicinity of Fort McMurray and Peace River, Alberta. The Corporation's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions and industries.
For further information on Athabasca, please visit www.athabascaminerals.com or contact:
CHF Investor Relations
Robin Cook, Senior Account Manager
T: 416-8681079 x 228
Catarina Cerqueira, Assoc. Account Manager
T: 416-868-1079 x 251
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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.
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 the Corporation. The forward-looking statements or information contained in this news release are made as of the date hereof and the Corporation 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.