VANCOUVER, Sept. 6, 2011 /CNW/ - Curis Resources Ltd. (TSX: CUV)
("Curis" or the "Company") received a key letter of support recently
from Arizona State Land Commissioner Maria Baier in relation to the
development of the Florence Copper project.
In a letter dated August 24th, 2011 the State Land Commissioner concluded that:
"…the ASLD, whose mission is to manage State Trust lands and resources
to enhance the value and optimize economic return for Trust
beneficiaries, has no objection to the FCP (Florence Copper Project)
from an environmental perspective, and does see a clear benefit to the
Trust from revenue generated through its mining operations and
subsequent reuse made possible through sound mining and reclamation
"We welcome the support and leadership that has been shown here by
Commissioner Baier" commented Michael McPhie, President and CEO of Curis. "After many months of technical review and meetings with our team in
Arizona, the Arizona State Land Department (ASLD) has concluded that
the development of the Florence Copper Project is the highest and best
use of the land. This is a key step in the approval and permitting
process for the project and is an important part of preparing the
ground for the start of development early in 2012."
Curis holds the rights to a 160 acre Mineral Lease issued by the ASLD.
That lease covers a little over half of the known 2.84 billion pound
Measured and Indicated copper oxide resource1 located in Florence, Arizona. The remaining 1,182 acres of land that
is owned by Curis is private patented land.
"Curis continues to make good progress in securing all the required
environmental and related approvals needed for the development of the
Florence Copper Project" said McPhie. "The State Land support indicated in this letter helps to validate our
work to date and clearly recognizes the positive steps our engineering
and development team have taken to design a world class,
environmentally sustainable copper recovery project. Our goal now is
to secure the remaining state, federal and local permits and approvals
required to advance the project to near term development."
A full copy of the letter from Commissioner Baier can be viewed on the
Company's project web site at www.florencecopper.com
As was recently disclosed (see July 20 and August 16, 2011 Curis Press
Releases) Florence Copper is an advanced stage in-situ copper recovery
project with an anticipated start of construction and development in
early 2012. In addition to project permitting and approvals process,
the company continues to advance engineering and optimization studies
as a lead up to the completion of a feasibility study..
Curis Resources Ltd. is a mineral development company associated with
Hunter Dickinson Inc., a diversified global mining company 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 Project in Arizona USA to production.
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, licenses, approvals, rezoning, and title 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 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", "indicated
resources" and "inferred 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 reserves.
1 Estimated Measured and Indicated mineral resources of 429.5 million
tons grading 0.331% total copper (TCu) at a 0.05%TCu cut-off (for
further details see November 25, 2010 Curis Press Release).
SOURCE Curis Resources Ltd.
For further information:
For further details on the Company, please visit www.curisresources.com or contact:
Manager, Investor Relations
Within North America: 1-800-667-2114