Cameco Re-enters Underground Development at Cigar Lake

 

SASKATOON, SASKATCHEWAN - Cameco Corporation reported that crews safely re-entered the main working level of the Cigar Lake mine, 480 metres below surface, on February 10, 2010.

Prior to re-entry, the mine was fully dewatered and the main shaft refurbished including installation of the ladderway, replacement of electrical and mechanical components, and extension of the in-shaft pumping system. The workings at the 420 metre level, where the last inflow occurred, have been inspected and secured.

Safe access to the 480 metre level has been established and work to inspect, assess and secure the underground development has begun. This work will be followed by restoration of underground mine systems and infrastructure in preparation for resumed construction activities.

"Resuming work underground is a key milestone for the Cigar Lake project," said Cameco's president and CEO Jerry Grandey. "We have incorporated the knowledge gained in the Athabasca Basin to systematically and diligently manage this project as we move toward our goal of safe, reliable production."

Work to secure the underground is expected to be complete before October 2010 depending upon the condition of the mine. Cameco owns 50% and is operator of the Cigar Lake project located in northern Saskatchewan.

The company’s address is 2121-11th Street West, Saskatoon, Saskatchewan S7M 1J3, (306) 956-6200, fax: (306) 956-6201.