VANCOUVER, Feb. 2 /CNW/ - Curis Resources Ltd. ("Curis" or the
"Company")(TSXV:CUV) announces that it has formally initiated the
process to amend major operating permits for the Florence Copper
Project in central Arizona, USA.
On January 31, 2011 Curis submitted a comprehensive application to the
Arizona Department of Environmental Quality (ADEQ) to amend the
Company's existing Aquifer Protection Permit (APP) for the Florence
Copper Project. The submission of this application formally begins the
amendment review process to be conducted by ADEQ. Following a
"Completeness Review" of the permit documents, which is scheduled to be
completed within 35 business days, ADEQ will undertake a detailed
technical review, followed by the issuance of draft permit conditions
and a public hearing process.
"This is an important milestone for the Florence Copper Project," said
Curis President & CEO Michael McPhie. "We stated from the beginning
that we would initiate project permitting by January 2011 and, through
the hard work of the Curis project team and our expert consulting group
over the past several months, we have met this important deadline. Our
goal now is to work with ADEQ and the other relevant regulatory
agencies to advance a timely review of the Florence Copper Project's
proposed development plans."
Coincident with work to advance permitting for the Florence Copper
Project, the Company continues to implement a comprehensive community
engagement and stakeholder outreach program in central Arizona. Curis
acknowledges the importance of building and maintaining strong
relationships with the Town of Florence, local landowners and other
project stakeholders. The Company hosts regular site tours of Florence
Copper Project facilities, has opened a Visitors Centre that allows
interested citizens of Florence and surrounding communities to learn
more about the project and the Company's near term development plans,
and maintains an up-to-date website for project news, information and
events at www.florencecopperproject.com. Curis also has a strong community affairs presence, operating a
community office in downtown Florence, and participating in and
supporting a number of community-oriented organizations.
"The Florence Copper Project is a multi-generational development and we
want to be seen by the local community as being a positive contributor
to the quality of life of the residents who live here," McPhie said.
"We take our responsibility for stewardship of the environment
seriously, and believe the significant economic opportunities
associated with the development of this project have the potential to
provide meaningful benefits to the Town of Florence and the State of
Curis' submission of the APP permit amendment application marks the
formal start of the state and federal permitting process for the
Florence Copper Project, which is expected to take between nine and
twelve months to complete. The next step will be the submission of an
application to the Environmental Protection Agency (EPA) for an
Underground Injection Control (UIC) permit reissuance. Both APP and
UIC permits were previously granted to BHP Copper for the Florence
Copper Project in 1997. These two permits are the primary permits
required for an in-situ recovery operation and would have allowed BHP
Copper to proceed towards full commercial production at the time.
Following several months of pilot testing by BHP Copper at the Florence
Copper Project site, a decision was made to cease operations in late
1998 as a result of low copper prices.
Curis Resources Ltd. is a mineral development company, the major
shareholder of which is Hunter Dickinson Inc. 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.
Hunter Dickinson Inc. (HDI) is a diversified, global mine development
company with a 25-year history of mineral development success. From its
head office in Vancouver, Canada, HDI applies its unique strengths and
capabilities to acquire, develop, operate and monetize mineral
properties that provide consistently superior returns to shareholders.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provide (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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 permitting
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 market
prices, exploitation and exploration successes, continuity of
mineralization, potential environmental issues and liabilities
associated with exploration, development and mining activities,
uncertainties related to the ability to obtain necessary permits,
licenses 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.
SOURCE Curis Resources Inc.
For further information:
For further details on the Company and Curis Resources Ltd. please visit www.curisresources.com or contact Susie Bell, Manager of Investor Relations, at (604) 684-6365 or within North America at 1-800-667-2114.