Northcliff Resources Ltd. (TSX:NCF)
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1 Year : From Nov 2016 to Nov 2017
FREDERICTON, NB, Feb. 10, 2017 /CNW/ - Northcliff Resources Ltd. ("Northcliff") (TSX: NCF) reports on news today that the Province of New Brunswick and New Brunswick's six Maliseet First Nations have entered into an accommodation agreement concerning the development of the Sisson Tungsten-Molybdenum Project ("Sisson Project" or the "Project").
According to the government release, "The provincial government and First Nations have jointly submitted the agreement to the Canadian Environmental Assessment Agency. The agreement will become part of the agency's review, including its "significant effects" determination of how issues have been addressed and mitigated. The provincial government expects this should result in a decision on federal environmental approval within months."
Northcliff President & CEO Chris Zahovskis said "The Sisson Partnership is pleased that the Maliseet First Nations and the province have reached agreement regarding accommodation. Finalizing these agreements is a big step in having the Sisson Mine project move forward."
The Environmental Impact Assessment Report (the "EIA Report") for the Sisson Project was submitted to Canadian Environmental Assessment Agency ("CEAA") and the New Brunswick Department of Environment and Local Government in July 2013. The Company received provincial EIA Report approval on December 3, 2015. As described above, the federal decision from CEAA is pending. Permit applications for construction and operation of the project will be finalized and submitted following a positive federal decision.
About Northcliff Resources Ltd.
Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can move on to the next stage of development. Additional information on Northcliff is available on the website: www.northcliffresources.com. Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.
About the Sisson Partnership
The Sisson Partnership, owned by Northcliff and Todd Minerals Ltd., a subsidiary of the family owned Todd Corporation, is responsible for the development of the Sisson Project. Additional information on the Sisson Partnership and Sisson Project is available on the website: www.sissonpartnership.com.
President and CEO
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the Northcliff expects, are forward-looking statements. Although Northcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by Northcliff to develop forward-looking statements include the following: the Sisson Project will obtain all required environmental and other permits for construction of the mine, the Sisson Project will achieve targeted production levels; study and development of the Sisson Project will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Northcliff, investors should review the Northcliff's continuous disclosure filings that are available at www.sedar.com .
SOURCE Northcliff Resources Ltd.