TORONTO, Sept. 1, 2017 /CNW/ - AuRico Metals Inc. (TSX:
AMI), ("AuRico" or the "Company") today announced that it has
submitted its permit applications to the Major Mines Permitting
Office ("MMPO") for the wholly-owned Kemess Underground Gold-Copper
project located in British Columbia,
Canada. The Kemess Underground project is undergoing a
coordinated permitting review process, meaning that all of the
required permit applications have been submitted and will be
reviewed at the same time.
With the submission of the permit applications to the MMPO, the
45-day screening process to ensure that the applications are
complete will now commence. Once the permit applications have been
screened, and if accepted, the applications will enter the review
phase, during which comments will be received and addressed under
specified timelines. The final decision packages will then be sent
for approval. The permitting process is anticipated to be completed
in Q2 2018.
As previously announced on March 15,
2017, the Canadian Environmental Assessment Agency ("CEAA")
issued a positive Decision Statement and the British Columbia
Environmental Assessment Office ("EAO") granted an Environmental
Assessment Certificate for the Kemess Underground
project.
About AuRico Metals
AuRico Metals is a mining development and royalty company with a
100% interest in the Kemess property in British Columbia, Canada. The Kemess property
hosts the feasibility-stage Kemess Underground Gold-Copper Project,
the Kemess East Project, and the infrastructure pertaining to the
past producing Kemess South mine. AuRico's royalty portfolio
includes a 1.5% NSR royalty on the Young-Davidson Gold Mine and a
2% NSR royalty on the Fosterville Mine, as well as a portfolio of
additional producing and pre-production royalty assets located in
North America and Australia.
Cautionary Statement on Forward-Looking
Information
This press release contains forward-looking statements and
forward-looking information as defined under Canadian and U.S.
securities laws. All statements, other than statements of
historical fact, are, or may be deemed to be, forward-looking
statements. The words "expect", "believe", "anticipate", "will",
"intend", "estimate", "forecast", "budget" and similar expressions
identify forward-looking statements. Forward-looking statements
include statements related to the Company's key deliverables on
Kemess over the next 12 months. These statements are based on
a number of factors and assumptions that, while considered
reasonable by management at the time of making such statements, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and
unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements. Such
forward-looking statements and the factors and assumptions
underlying them in this document include, the future prices of gold
and copper, whether the Company's permit applications will make it
through the screening process within specified timelines, the
amount of comments received during the permit review period, the
estimation of mineral reserves and resources, realization of
mineral reserve estimates, and the timing and amount of estimated
future production.
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained herein. Readers are
cautioned that forward-looking statements are not guarantees of
future performance. All of the forward-looking statements made in
this press release are qualified by these cautionary statements.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
SOURCE AuRico Metals