VANCOUVER, March 6, 2013 /CNW/ - Curis Resources Ltd. (TSX: CUV) ("Curis" or the "Company") responds to a recent vote by the Florence Town Council authorizing the acquisition of private land owned by Curis through eminent domain for the purported purpose of a wastewater treatment facility. The Town's recent action has no legal effect on the ownership of the Company's land or near-term project development plans.
The law in Arizona and the United States places a high value on the right to own private property and heavily restricts government bodies from unwarranted takings of private property. The Fifth Amendment of the United States Constitution provides that "[n]o person shall be … deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation." Hence, Curis has no doubt that the courts will not permit the Town to follow through with this Council authorization.
The use of eminent domain comes with onerous legal burdens of proof and costs for the Town if it fails to meet them. Given the tremendous amount of vacant desert land in the region of the Town and the typically small footprint of a wastewater treatment plant, the selection of Curis' entire private property holdings as a potential site for a wastewater treatment plant lacks foundation.
The Town's attempted action does not include the 160-acre state trust land parcel on which Curis can operate for nine years, including the Phase 1 production test facility and the first years of commercial operations of Florence Copper. Once final permits are received, Curis plans to continue to move forward with the Phase 1 production test facility in the near-term. The Phase 1 production test facility is intended to demonstrate the safeness of the project, that it operates well within the parameters established by the State (ADEQ) and the Federal (EPA) agencies, and that it provides significant employment and economic benefits and opportunities in the Town and region.
Curis has advised the Town that it is willing to meet, discuss and address any and all concerns with respect to the proposed Florence Copper development, including the ability to accommodate the wastewater treatment facility. The Company remains committed to an open and respectful dialogue with the elected officials and citizens of the community.
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 Copper Project in Arizona, USA to near-term production.
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President & CEO
No regulatory authority has approved or disapproved of the information contained in this news 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 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, 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.
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