VANCOUVER, April 11 /PRNewswire/ - Curis Resources Ltd. ("Curis") announces that it has received conditional approval to list the Company's common shares on the Toronto Stock Exchange ("TSX").
Commented President & CEO Michael McPhie, "The management and directors of Curis are pleased to have advanced Curis toward a listing on the Toronto Stock Exchange. This will increase the exposure of the Company to a broader investment market and provide greater awareness and recognition of our flagship Florence Copper Project."
"We are well positioned to achieve our corporate goals of establishing the Company and the Florence Copper Project as a near term next-generation copper producer," confirmed McPhie. "Following completion of a feasibility study and project permitting, anticipated in Q4 of this year, we are planning to drill and activate an initial in-situ copper recovery (ISCR) well-block and construct and commission a pilot scale SX-EW plant to produce 99.999% pure copper cathode at the Florence Copper Project site. We initiated the formal process to amend and update the existing operational permits for Florence earlier this year. The review and consideration of the amendment applications submitted by the Company to the Arizona Department of Environmental Quality (ADEQ) and the Environmental Protection Agency (EPA) are now moving forward as anticipated."
"The Florence Copper Project represents a unique high value opportunity to bring on-line what is anticipated, based on the results of our 2010 Preliminary Economic Assessment (see news release dated November 25, 2010), to be one of the lowest cost pure copper producers in a stable jurisdiction in the world at a time when copper markets continue to strengthen," said McPhie. "Curis has achieved many important milestones since becoming a public company in late 2010. The advancement of the company to a listing on the TSX represents another key step in the building and development of Curis into well recognized near-term copper producer."
About Curis Resources Ltd.
Curis Resources Ltd. is a mineral development company, the major shareholder of which is Hunter Dickinson Inc. (HDI). Curis is focused on the acquisition, development and operation of high-quality next-generation copper properties in progressive jurisdictions around the world. It is currently focused on advancing its 100% owned Florence Project in Arizona USA to production. For more project-level information, sign up for the Florence Copper Projects' e-Newsletter.
Hunter Dickinson Inc. (HDI) is a diversified, global mine development company with a 25-year history of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and 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 Inc.