First Nickel Market Update Announcement
posted on
Apr 30, 2008 04:25AM
5 high quality exploration projects + Lockerby Mine, Sudbury On
TORONTO, ONTARIO--(Marketwire - April30, 2008) - First Nickel Inc. ("First Nickel" or the "Company")(TSX:FNI) today announced that production in the first quarter of 2008was the second highest in the Company's history.
During the first quarter approximately 930,000 lbs of payablenickel and 610,000 lbs of payable copper were produced from ourLockerby Operation.
President and CEO William Anderson states: "We are pleasedproduction is back on track and we look forward to continuedimprovement through 2008."
First Nickel will be releasing full first quarter operational and financial information the week of May the 12th.
First Nickel is a Canadian mining and exploration Company. Itscurrent activities are primarily focused on the Sudbury Basin innorthern Ontario, the location of the company's producing property (theLockerby Mine) and four of its exploration properties. First Nickelalso has two exploration properties in the Timmins region of northernOntario. First Nickel's shares are traded on the TSX under the symbolFNI.
This news release contains forward-looking statements, which aresubject to certain risks, uncertainties and assumptions, including thecash flows, metal prices, decrease costs, increase output, expectedproduction, and expected exploration expenditures. A number of factorscould cause actual results to differ materially from the resultsdiscussed in such statements, and there is no assurance that actualresults will be consistent with them. Such factors include fluctuatingmetal prices, 2008 production forecast, lower unit costs and otherfactors described in the Company's most recent Annual Information Formunder the heading "Risk Factors" which has been filed electronically bymeans of the System for Electronic Document Analysis and Retrieval("SEDAR") located at www.sedar.com.Such forward-looking statements are made as at the date of this newsrelease, and the company assumes no obligation to update or revisethem, either publicly or otherwise, to reflect new events, informationor circumstances, except as may be required under applicable securitieslaw.
For more information, please contact
First Nickel Inc.