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 administrative buildings.
"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 website: www.curisresources.com.
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.
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