VANCOUVER, BC, Nov. 22,
2023 /CNW/ - Northcliff Resources Ltd. ("Northcliff"
or the "Company") (TSX: NCF) is pleased to provide an update on the
Sisson Tungsten-Molybdenum Project ("Sisson Project" or "Sisson"),
a critical minerals project located in New Brunswick.
In 2023, the Company advanced its Sisson Project Work Plan.
- Geotechnical drilling and testing field program ("Phase 1
Drilling Program"):
- The Phase 1 Drilling program, designed to provide information
on the site characterization and support additional design detail
of the Tailings Storage Facility is completed.
- The Phase 1 Drilling Program will also support other ongoing
engineering related activities and respond to certain provincial
Environmental Impact Assessment ("EIA") conditions prior to
the start of construction.
- Archeological work program ("Phase 1 Field Program"):
- The Phase 1 Field program underway involves mitigation
activities in compliance of EIA conditions, and the development of
a Heritage Resource Protocol and related activities.
- Discussions regarding an engagement plan to address EIA
conditions of significance to First Nations continue.
- Continue to address other conditions associated with the
three-year extension to the construction commencement timeline for
the Sisson Project to December 3,
2025 granted by New
Brunswick's Minister of Department of Environment and
Climate Change.
Andrew Ing, CEO commented: "With
the support of local contractors, vendors, community, and
consultants, we have successfully completed Phase 1 geotechnical
drilling and are advancing Phase 1 archeological work. I
would like to thank the local contractors for their assistance, as
we continue to advance the Sisson Project toward construction.
Planning for field work in 2024 is underway. We will
continue to work collaboratively with the regulators in
New Brunswick and First Nations as
we address EIA conditions."
The Company also continues to advance offtake and project
finance discussions with interested parties; and pursue funding
opportunities under the Critical Minerals Joint Action Plan between
Canada and the United States.
In this regard, Northcliff recently participated in the
International Tungsten Industry and Association ("ITIA")
Annual Conference, held in Osaka,
Japan, in October 2023, at
which discussions on offtake and finance were held with off-takers,
investors, supply chain companies and tungsten industry
leaders. "Favorable meetings with the conference participants
were held during ITIA," commented Andrew
Ing, CEO. "These discussions included status of the
Sisson Project as a strategic asset, as well as momentum gained
from the execution of the field program and ongoing corporate
activities driving toward the construction commencement timeline of
December 2025."
The Company will also be featured in Canadian Mining Magazine's
Winter Edition Publication with an article on critical minerals and
its Sisson Project to be published in January 2024 ahead of Prospectors &
Developers Association of Canada
annual conference in March 2024.
About Northcliff Resources
Ltd.
Northcliff is a mineral resource company focused on advancing
the feasibility-stage Sisson Tungsten-Molybdenum Project located in
New Brunswick, Canada, to
production. Northcliff owns an 88.5% interest in the Sisson
Partnership, which owns the Sisson Tungsten-Molybdenum Project.
Todd Corporation holds an 11.5% interest in the Sisson Partnership
and owns 76.63% of the issued and outstanding shares of
Northcliff.
Additional information on Northcliff is available on the
website at www.northcliffresources.com.
On behalf of the Board of Directors
Andrew Ing
President & Chief Executive Officer
Forward-Looking
Information
This news release contains forward-looking information based on
current expectations. Forward-looking information is provided for
the purpose of presenting information about management's current
expectations and plans relating to the future and readers are
cautioned that such statements may not be appropriate for other
purposes. Forward looking information may include, without
limitation, advancement of the planned programs under the Work
Plan, the opinions or beliefs of management, prospects,
opportunities, priorities, targets, goals, ongoing objectives,
milestones, strategies, and outlook of Northcliff, and includes
statements about, among other things, future developments, the
future operations, strengths and strategy of Northcliff. Generally,
forward looking information can be identified by the use of forward
looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". These statements
should not be read as guarantees of future performance or results.
These statements are based upon certain material factors,
assumptions and analyses that were applied in drawing a conclusion
or making a forecast or projection, including Northcliff's
experience and perceptions of historical trends, the ability of
Northcliff to maximize shareholder value, current conditions and
expected future developments, as well as other factors that are
believed to be reasonable in the circumstances.
Although such statements are based on management's reasonable
assumptions at the date such statements are made, there can be no
assurance that it will be completed on the terms described above
and that such forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Accordingly, readers should not place undue reliance
on the forward-looking information. Northcliff assumes no
responsibility to update or revise forward-looking information to
reflect new events or circumstances unless required by applicable
law.
For additional information regarding forward-looking statements
and their related risks, please refer to the "Risk Factors" section
in the Annual Information Form of the Company for the year ended on
October 31, 2022, which is available
on the Company's SEDAR+ profile at www.sedarplus.ca.
SOURCE Northcliff Resources Ltd.