FREDERICTON, June 4, 2014 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that Sisson Mines Ltd., as general partner of the Sisson Project Limited Partnership (the "Limited Partnership") has awarded Jacobs Minerals Canada Inc. ("Jacobs") the Value and Basic Engineering contract for the Sisson Tungsten-Molybdenum Project located in central New Brunswick, Canada. Under the terms of the contract, Jacobs will further define the engineering plans for the Sisson Project plant site and associated infrastructure in order to refine capital expenditure and operating costs of the proposed mine.
Christopher Zahovskis, Director of Sisson Mines said, "Jacobs is one of the world's largest and most diverse full service engineering companies. They have significant experience transitioning mining projects from feasibility phase through to construction. In addition, they have a large presence in New Brunswick with more than 600 employees engaged in a number of contracts. This award of the Value and Basic Engineering contract marks an important milestone and moves the Sisson Project closer to a final construction decision."
The Value and Basic Engineering contract with Jacobs includes requesting bids for long lead time mineral processing equipment. In addition, Jacobs will solicit indicative pricing from New Brunswick vendors, suppliers and contractors for certain services and equipment that are locally available. To support this work, Jacobs and Northcliff expect to hold a Contractor Information Session in Fredericton before the end of 2014.
Sisson Mines Ltd. expects to move from value and basic engineering into detailed engineering toward the end of the year. In the meantime, the provincial and federal Environmental Impact Assessment review process continues and the Company is simultaneously progressing with offtake and project finance discussions.
Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. The Sisson Project is being advanced through a Limited Partnership between Northcliff and Todd Minerals Ltd. For further details on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com.
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 permitting, exploration drilling, exploitation activities and events or developments that the Northcliff expects, are forward-looking statements. Although Northcliff 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 Northcliff to develop forward-looking statements include the following: the Sisson Project will obtain all required environmental and other permits for construction of the mine, the Sisson Project will achieve targeted production levels; study and development of the Sisson Project will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, fluctuations in 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 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, 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 Northcliff, investors should review the Northcliff's continuous disclosure filings that are available at www.sedar.com .
SOURCE: Northcliff Resources Ltd.
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Dan Gibbons, Investor Relations