FREDERICTON, NB, June 23, 2017 /CNW/ - Northcliff Resources
Ltd. ("Northcliff" or the "Company") (TSX: NCF), on behalf of
Sisson Mines Ltd., is pleased to announce that the Federal Cabinet
has approved the Sisson Tungsten and Molybdenum Mine Project, after
a rigorous federal environmental assessment under the Canadian
Environmental Assessment Act ("CEAA").
The Minister of Fisheries, Oceans and the Canadian Coast Guard,
the Honourable Dominic LeBlanc, who recommended approval of the
project was quoted in a news release by the New Brunswick government:
"The Sisson project will bring about significant new economic
opportunities to the people of New
Brunswick," said federal Fisheries, Oceans and Canadian
Coast Guard Minister Dominic
LeBlanc. "During construction and operations, it will create
jobs and generate business opportunities, for Indigenous peoples
and nearby communities. This project will also help rejuvenate
New Brunswick's mining industry
and add a source of tungsten to Canada's mineral production."
Northcliff President & CEO
Chris Zahovskis said, "Successful
completion of the environmental assessment process is an important
milestone in the development of the Sisson Mine. The decision
reinforces the thoroughness of the environmental assessment
submitted by the Sisson Partnership, reflecting our commitment to
create a project that will bring economic benefits to New Brunswick while protecting the
environment. Our focus now will be on securing offtake and
financing to advance the project."
Documentation related to CEAA review process for the Sisson Mine
Project, including the Decision Statement and the Environmental
Assessment Report, can be accessed from the Canadian Environmental
Assessment Registry website
http://ceaa-acee.gc.ca/050/details-eng.cfm?evaluation=63169
About Northcliff
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 a 2013 Feasibility Study confirm that the Sisson Project
is technically and economically feasible and can now move on to the
next stage of development. For further details on Northcliff, visit
the Company's website at www.northcliffresources.com or call
Investor Relations 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. Sisson Mines
Ltd. Is the operating entity of the Sisson Partnership. For details
on the Sisson Partnership, visit the Sisson Project website:
www.sissonpartnership.com.
Chris Zahovskis
President & 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 Company expects, are forward-looking
statements. Although the Company 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 the Company 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; the Company's 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, exploration and development of properties located
within First Nations treaty and asserted territories may affect or
be perceived to affect treaty and asserted aboriginal rights and
title, which may cause permitting delays or opposition by First
Nation communities, 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 the
Company, investors should review the Company's continuous
disclosure filings that are available at www.sedar.com.
SOURCE Northcliff Resources Ltd.