VANCOUVER, June 3, 2014 /CNW/ - Curis Resources Ltd. ("Curis" or the
"Company") (TSX:CUV) announces that the Florence Town Council voted to
settle its dispute with Curis' wholly-owned subsidiary Florence Copper
Inc. ("Florence Copper") over the occupancy of Florence Copper's
"Florence Copper is pleased to bring these legal proceedings to a
close," commented Rita Maguire, Executive Vice President and General
Counsel of Florence Copper. "We continue to look for meaningful ways to
work cooperatively with the Town's leadership and to develop a
productive long-term relationship that contributes to the economic
health and viability of the community."
At the Town Council meeting on Monday June 2, 2014, the Florence Town
Council voted unanimously (7-0) to settle its dispute with Florence
Copper over the occupancy of the administrative buildings at the site
of its future in-situ copper operation. The lawsuit was filed by
Florence Copper in Pinal Superior Court (CV2012-010977) after the Town
condemned its administrative offices and denied access to the site for
alleged health and safety concerns. The Town, through its insurance
carrier, will pay Florence Copper $100,000 for damages arising from a
30-day lockout. Florence Copper has since re-occupied the buildings.
About Florence Copper Inc.
Florence Copper is engaged in the final stages of permitting for the
Phase 1 Production Test Facility ("PTF") for an in-situ copper recovery
project in Arizona, USA. The PTF includes a 24-well in-situ recovery
well field and a state of the art solvent extraction/electrowinning
plant that will produce copper cathode. The PTF will assist in the
demonstration of the science and safety of the in-situ process and
provide an opportunity for the public to fully engage and understand
this modern copper extraction technology. Concurrently, Florence
Copper continues to advance engineering, testwork, environmental
studies and permitting for Phase 2 commercial operations.
For more information about Florence Copper and its projected economic
impacts and benefits to the local community, please visit www.florencecopper.com. Sign up to receive project-level information at News and Updates.
About Curis Resources Ltd.
Curis is focused on the acquisition, development and operation of
high-quality next generation copper properties in progressive
jurisdictions around the world. Its current goal is to advance the
100%-owned Florence Copper project to production.
Curis is associated with Hunter Dickinson Inc. (HDI), a diversified
global mining company with a 25-year history of mineral development
success. Additional details on the Company are available at on the
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. Assumptions used by the
Company to develop forward-looking statements include the following:
the Florence Copper project will obtain all required environmental and
other permits and all land use and other licenses for construction of
the Production Test Facility and full commercial facilities, the
Florence Copper project will achieve targeted production levels;
studies and development of the Florence Copper project will continue to
be positive; contracted parties will provide goods and/or services on
the agreed timeframes; equipment necessary for construction and
development will be available and will not incur unforeseen breakdowns;
no material labour slowdowns or strikes will be incurred; plant and
equipment will function as specified; geological or financial
parameters will not necessitate future mine plan changes; and no
geological or technical problems will occur. 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, changes in government policies
regarding mining and natural resource exploration and exploitation, the
final outcome of any lawsuits, the 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.
SOURCE: Curis Resources Ltd.
For further information:
Manager Investor Relations