PROVIDES UPDATE ON APPLICATIONS WITH TOWN OF FLORENCE
VANCOUVER, Nov. 8, 2011 /CNW/ - Curis Resources Ltd. (TSX: CUV) ("Curis"
or the "Company") is pleased to announce that it has awarded the
Engineering Procurement and Construction Management (EPCM) contract for
engineering and construction of the primary operational components of
the +US$25 million Phase 1 Production Test Facility (PTF) at its
flagship Florence Copper project to M3 Engineering of Tucson, Arizona.
M3 Engineering is an international, full-service engineering design firm
providing architecture, engineering and construction management
services to the global metals industry. Based in Arizona since its
inception in 1986, M3's recent copper project experience includes the
Carlota SX/EW project in Miami, Arizona and the Piedras Verdes SX/EW
project in Mexico.
"The awarded contract for the Production Test Facility at Florence
Copper will include a pilot-scale Solvent Extraction/Electro-Winning
(SX/EW) facility, integrated with state-of-the-art well field
technologies in order to simulate production-scale in-situ copper
recovery (ISCR)and extraction plans," said Glenn Hoffmeyer, Metallurgy and Mineral Processing Manager at
Florence Copper. "M3 will work alongside Curis' award-winning landscape and urban design
firm, Grey Pickett of Scottsdale, Arizona, to ensure that Florence
Copper presents an unobtrusive and complementary land use in Florence."
M3 is currently scheduled to complete its EPCM contact for the Phase 1
PTF during the third quarter (Q3) of 2012, at which point Florence
Copper will begin production of copper cathode sheets on a pilot-scale
"We are extremely pleased to have engaged a local firm with the
operational experience and international reputation of M3 Engineering," said Michael McPhie, Curis President & CEO. "The professional team at M3 are experienced and highly qualified. We
have every confidence that they will complete this project in a timely
and professional manner, and help Curis further demonstrate the
operational and environmental merits of Florence Copper."
McPhie noted that about one-half of the recoverable copper contained in
the 429 million ton measured and indicated copper oxide resource1 hosted on Florence Copper lands, lies beneath a 160-acre block of State
land. Curis holds the rights to recover and process minerals on this
land under a mineral lease from the State. The Company intends to
complete a Feasibility Study for Florence Copper and initiate
operations utilizing in-situ copper recovery (ISCR) technologies within
this State land parcel next year, beginning with a Phase 1 production
test. With feasibility studies and federal and state permitting
currently underway, commercial production at Florence Copper is
expected to occur by 2014.
Update on Applications before Town of Florence
At a regularly scheduled council meeting on November 7, 2011, the Mayor
and Council of the Town of Florence voted by a margin of 6 - 1 to
support Curis' withdrawal of a General Plan Amendment application
related to private lands owned by the Company within the Town of
Florence. Council also rejected Curis' application for a technical
amendment to the General Plan to create a new 'Natural Resource
Development and Alternative Energy' overlay.
More than 150 local supporters of Florence Copper attended the Town
Council hearing, with more than 30 speaking in support of Curis'
"We're pleased that Mayor and Council supported our withdrawal of the
proposed General Plan amendment, and have provided Curis with the time
and opportunity to finalize amended federal and state permits for the
Florence Copper project over the next few months," McPhie said. "Our
focus in the immediate term will be to demonstrate to Town Council and
the people of this community that the Florence Copper project is
environmentally sound and will fully protect local water sources."
McPhie said the process of confirming major environmental and operating
permits will involve seven federal and state agencies, including the
Environmental Protection Agency (EPA) and Arizona Department of Water
Quality (ADEQ), as well as robust opportunities for public
participation. He said Curis will further demonstrate how Florence
Copper will protect local water resources by conducting a pilot-scale
production test on State lands in 2012.
"Only after achieving independent, expert verification from regulatory
agencies, and demonstrating in real-life how our operations will
protect the integrity of Florence's groundwater resources, will we
return to Council with an application to operate our project within
Town boundaries," he said. "We believe this to be a responsible
approach to addressing a key local concern."
As discussed in Curis' news release of October 21, 2011, the Company
believes that completion of state and federal permit amendments
required to advance Florence Copper to full commercial production will
give Town officials and all project stakeholders greater certainty
about environmental and technical matters. The decision to withdraw its
General Plan amendment application was taken by Curis management to
allow the Company sufficient time to confirm major environmental and
operating permits prior to requesting that Council consider its land
use applications. The Town of Florence considers applications to amend
its General Plan once each year.
"We know that Florence Copper enjoys the support of a strong majority of
local residents," McPhie said. "This support has been confirmed both
by an independent survey conducted by the Town of Florence and
scientific public opinion research commissioned by Curis, as well as by
the hundreds of letters of support we have received from residents,
elected officials and business owners.
"Florence Copper represents a significant economic development
opportunity for Florence, Pinal County and the State of Arizona. Curis
is committed to working with all residents and elected officials, and
looks forward to re-engaging in this discussion in the normal planning
cycle of the Town once our state and federal permits are in place and
all environmental and related issues can be addressed."
The technical information in this release has been reviewed by David
Copeland, P. Eng., who is a qualified person that is not independent of
Curis Resources Ltd. is a mineral development company associated with
Hunter Dickinson Inc. (HDI), a diversified global mining group with a
25-year history of mineral development success. Curis is focused on
the acquisition, development and operation of high-quality
next-generation copper properties in progressive jurisdictions around
the world. It is currently focused on advancing its 100%-owned
Florence Copper project in Arizona, USA to production.
Numerous feasibility-level optimization and engineering design studies
for the Florence Copper project are currently underway, with the
Feasibility Study on track for completion by the end of 2011. Phase 1
development at Florence Copper is scheduled to begin in Q1 2012,
following the receipt of amended environmental and operating permits
currently under review by state and federal agencies. The project
'start-up' phase will consist of an initial 24-well copper extraction
field constructed to simulate full-scale operations.
For more project-level information, sign up for the Florence Copper
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 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. Factors that could cause
actual results to differ materially from those in forward-looking
statements include fluctuations in market prices, exploitation and
exploration successes, continuity of mineralization, 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 or litigation, 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.
Information Concerning Estimates of Measured and Indicated Resources
This news release uses the terms "measured resources" and "indicated
resources". The Company advises investors that although these terms are
recognized and required by Canadian regulations (under National
Instrument 43-101 Standards of Disclosure for Mineral Projects), the
U.S. Securities and Exchange Commission does not recognize them.
Investors are cautioned not to assume that any part or all of the
mineral deposits in these categories will ever be converted into
1 429 million tons of Measured and Indicated resources grading 0.331%
total copper at a 0.05% total copper cut off, for further details see
Curis news release dated November 25, 2010.
SOURCE Curis Resources Ltd.
For further information:
For further details on the Company, please visit www.curisresources.com or contact:
Manager, Investor Relations
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