Northcliff Update: CEAA Posts Comprehensive Study Report for Sisson Project, Initiating Final Step of EIA Process
April 18, 2016 Fredericton, New Brunswick – Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF), on behalf of Sisson Mines Ltd., is pleased to announce that it has received notice on the beginning of the final 30-day public comment period on the Comprehensive Study Report (“CSR”) by the Canadian Environmental Assessment Agency (“CEAA”), which report has been posted on April 15, 2016. CEAA has been conducting a comprehensive environmental impact assessment (“EIA”) on the Sisson Project since July 2013.
“This is a significant milestone in the environmental assessment review process for the Sisson Project,” said Chris Zahovskis, President and CEO of Northcliff. “We are grateful for the efforts of the many federal agencies that have contributed to this document. The Company is confident that the mitigation measures proposed and rigorous environmental assessment review process will ensure the facility can be constructed and operated in an environmentally sound manner. The Company will review the CSR and provide any further comments to CEAA”. As part of the harmonized EIA process, the Province of New Brunswick had already rendered a positive decision on the EIA in December 2015.
The Comprehensive Study Report and more information on this project are available on the Agency’s website http://www.ceaa.gc.ca/050/details-eng.cfm?evaluation=63169. All comments received will be considered public.
Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource development 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.
For further details on Northcliff, visit the Company’s website at www.northcliffresources.com or call investor services at 1-800-667-2114. For additional information on the Sisson Project, visit the project website at www.sissonpartnership.com or call Greg Davidson, Community Relations Manager at 506-455-0530.
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.