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.
Chris Zahovskis
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.