FREDERICTON, March 2, 2015 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF), on behalf of Sisson Mines Ltd., is pleased to announce that a review of the Sisson Project Draft Environmental Impact Assessment Report ("EIA Report") has now been completed by the New Brunswick Department of Environment and Local Government ("NBDELG"). The updated Final EIA Report has been deemed acceptable by NBDELG for public consultation. The details of the public consultation process and duration will be announced by NBDELG within the next month.
Northcliff President & CEO Chris Zahovskis said, "The acceptance of the Sisson Project Final EIA Report represents a critical milestone for Northcliff and advances our goal of creating a significant new North American tungsten producer. We look forward to the public consultation period as it marks one of the final steps in the provincial EIA process. It will give the public an opportunity to review our comprehensive plans to build and operate an environmentally sound and socially responsible project that will provide significant benefits in the Province of New Brunswick."
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 a 2013 Feasibility Study confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development.
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 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 Sisson Project will obtain all required environmental and other permits for construction of the mine, the Sisson Project will achieve targeted production levels; the Company's 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, exploration and development of properties located within First Nations treaty and asserted territories may affect or be perceived to affect treaty and asserted aboriginal rights and title, which may cause permitting delays or opposition by First Nation communities, 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 Northcliff Resources Ltd.
For further information: Greg Davidson, Community Relations Manager, 506-455-0530, [email protected]; Investor Services, 1-800-667-2114