FREDERICTON, NB, June 23, 2017 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF), on behalf of Sisson Mines Ltd., is pleased to announce that the Federal Cabinet has approved the Sisson Tungsten and Molybdenum Mine Project, after a rigorous federal environmental assessment under the Canadian Environmental Assessment Act ("CEAA").
The Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Dominic LeBlanc, who recommended approval of the project was quoted in a news release by the New Brunswick government:
"The Sisson project will bring about significant new economic opportunities to the people of New Brunswick," said federal Fisheries, Oceans and Canadian Coast Guard Minister Dominic LeBlanc. "During construction and operations, it will create jobs and generate business opportunities, for Indigenous peoples and nearby communities. This project will also help rejuvenate New Brunswick's mining industry and add a source of tungsten to Canada's mineral production."
Northcliff President & CEO Chris Zahovskis said, "Successful completion of the environmental assessment process is an important milestone in the development of the Sisson Mine. The decision reinforces the thoroughness of the environmental assessment submitted by the Sisson Partnership, reflecting our commitment to create a project that will bring economic benefits to New Brunswick while protecting the environment. Our focus now will be on securing offtake and financing to advance the project."
Documentation related to CEAA review process for the Sisson Mine Project, including the Decision Statement and the Environmental Assessment Report, can be accessed from the Canadian Environmental Assessment Registry website http://ceaa-acee.gc.ca/050/details-eng.cfm?evaluation=63169
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. For further details on Northcliff, visit the Company's website at www.northcliffresources.com or call Investor Relations at 1-800-667-2114.
About the Sisson Partnership
The Sisson Partnership, owned by Northcliff and Todd Minerals Ltd., a subsidiary of the family owned Todd Corporation, is responsible for the development of the Sisson Project. Sisson Mines Ltd. Is the operating entity of the Sisson Partnership. For details on the Sisson Partnership, visit the Sisson Project website: www.sissonpartnership.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 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]