FREDERICTON, March 2, 2017 /CNW/ - Northcliff Resources
Ltd. ("Northcliff") (TSX: NCF) is pleased to announced that the
Sisson Project Limited Partnership (the "Sisson Partnership") and
Woodstock First Nation ("WFN") have signed a Cooperation Agreement
(the "Agreement") regarding the Sisson Tungsten-Molybdenum Project
located in New Brunswick, Canada.
The following is an excerpt from today's joint announcement:
"The Agreement provides Woodstock First Nation with various
economic opportunities and financial benefits, helps facilitate
regulatory approvals and provides a long-term framework for
communication and cooperation between the parties.
"We are delighted to have concluded this Cooperation Agreement
with Woodstock First Nation," said Chris
Zahovskis, President and CEO of Northcliff. "It shows what
can be done when companies and Aboriginal groups build
relationships and work together."
"Our community has spoken." said Woodstock First Nation Chief
Tim Paul. "We had a community referendum and given the strong
environmental protection provisions and economic benefits in the
Agreement, Woodstock First Nation members voted in its favour."
While the details of the Agreement are confidential, it
addresses various matters including:
- Cooperative engagement with government on regulatory
matters;
- Environmental protection provisions;
- Scholarships and capacity building opportunities for Woodstock
First Nation members;
- Employment, training and contracting opportunities for
Woodstock First Nation members during the construction and
operation phases of the Sisson Project; and
- Financial benefits.
The Cooperation Agreement follows the successful negotiation and
implementation of a Process Agreement signed by Northcliff and Woodstock First Nation in
June 20131.
"Our relationship with Woodstock First Nation continues to grow
and we are looking forward to working closely together towards the
development of the Sisson Project," stated Northcliff President and CEO Christopher Zahovskis. "We also look
forward to a positive outcome from the federal environmental
assessment process, building on the positive environmental
assessment decision in December 2015
from the New Brunswick government,
to enable advancement of Northcliff's and our partner's plans to
build and operate an environmentally sound and socially responsible
project that will provide significant benefits in the Province of
New Brunswick."
"Northcliff has shown itself to be a company we can work with,"
said Woodstock First Nation Chief Tim Paul. "This partnership can
provide real opportunities and benefits for our community while
still ensuring our values, Aboriginal and treaty rights and
environmental concerns are respected."
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, confirmed that the Sisson Project
is technically and economically feasible and can move on to the
next stage of development.
The Sisson Environmental Impact Assessment Report (the "EIA
Report") was submitted to both the federal Canadian Environmental
Assessment Agency ("CEAA") and the New Brunswick Department of
Environment and Local Government in July 2013. Provincial
approval of the EIA Report was received on December 3, 2015. A federal decision from
CEAA is pending.
Additional information on Northcliff is available on the website
at www.northcliffresources.com. Investor services can be reached at
(604) 684-6365 or within North
America at 1-800-667-2114.
About Woodstock First Nation
The Woodstock First Nation members are the descendants of the
Wolastoqiyik (Maliseet) people, who have occupied the lands and
waters of what is now called New
Brunswick since time immemorial. It is located
approximately 9 km away from the town of Woodstock and 100km from
the city of Fredericton.
Additional information on Woodstock First Nation is available on
the website at www.woodstockfirstnation.com.
About Todd Minerals Ltd.
Todd Minerals is a subsidiary of the family owned Todd
Corporation, one of New Zealand's
most successful companies, with a growing portfolio of mineral
investments. Additional information on Todd Corporation and Todd
Minerals is available on the website at
www.toddcorporation.com.
About the Sisson Partnership
The Sisson Partnership is responsible for the development of the
Sisson Project. The Sisson Partnership is owned by Northcliff and
Todd Minerals. Additional information on the Sisson Partnership and
Sisson Project is available on the website at
www.sissonpartnership.com.
Chris Zahovskis
President and CEO
Northcliff Resources Ltd.
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.
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SOURCE Northcliff Resources Ltd.