Aber Diamond Corporation - Winter Road Update
March 22 2006 - 3:40AM
PR Newswire (US)
TORONTO, March 22 /PRNewswire-FirstCall/ -- ABER DIAMOND
CORPORATION (TSX-ABZ, NASDAQ-ABER) The operation of the Winter Road
that services various mining and exploration operations located
northeast of Yellowknife, including the Diavik Diamond Mine, has
been suspended due to deteriorating ice conditions. Operating
conditions will be reviewed until March 25th but, if current
temperatures persist, the road may not reopen again this season.
The Diavik Mine has approximately 44 million litres of diesel fuel
on site at the present time, sufficient for about 10 or 11 months
of operations. All other critical loads that exceed size
limitations for air transport have been hauled to site with the
exception of 10 truck loads of excavation shovel and dyke cut-off
wall construction components. These loads are being reviewed for
disassembly or other alternatives for delivery. The Mine Plan
development schedule will be reviewed in the light of the reduced
road haulage capacity this year but no suspension of mining
operations is contemplated. This news release contains "forward
looking statements" within the meaning of the US Private Securities
Litigation Reform Act of 1995. When used in this release, words
such as "estimate", "expect", "anticipate", "projected", "planned",
"forecasted" and similar expressions are intended to identify
forward-looking statements --- which are, by their very nature, not
guarantees of Aber's future operational or financial performance,
and are subject to risks and uncertainties. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this release. Due to risks and
uncertainties, actual events may differ materially from current
expectations. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. About Aber
Aber Diamond Corporation is a specialist diamond company focusing
on the mining and retail segments of the diamond industry. The
Company supplies rough diamonds to the global market through its
40% ownership in the Diavik Diamond Mine, located off Lac de Gras
in Canada's Northwest Territories. Aber also holds approximately a
53% interest in Harry Winston Inc., the premier retailer of diamond
jewelry. DATASOURCE: Aber Diamond Corporation CONTACT: Robert A.
Gannicott, Chairman and Chief Executive Officer - (416) 362-2237;
Amir Kalman, Director, Investor Relations - (416) 362-2237 (ext.
244)
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