FREDERICTON, March 2, 2017 /CNW/ - Northcliff Resources Ltd. ("Northcliff") (TSX: NCF) is pleased to announced that the Sisson Project Limited Partnership (the "Sisson Partnership") and Woodstock First Nation ("WFN") have signed a Cooperation Agreement (the "Agreement") regarding the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada. The following is an excerpt from today's joint announcement:
"The Agreement provides Woodstock First Nation with various economic opportunities and financial benefits, helps facilitate regulatory approvals and provides a long-term framework for communication and cooperation between the parties.
"We are delighted to have concluded this Cooperation Agreement with Woodstock First Nation," said Chris Zahovskis, President and CEO of Northcliff. "It shows what can be done when companies and Aboriginal groups build relationships and work together."
"Our community has spoken." said Woodstock First Nation Chief Tim Paul. "We had a community referendum and given the strong environmental protection provisions and economic benefits in the Agreement, Woodstock First Nation members voted in its favour."
While the details of the Agreement are confidential, it addresses various matters including:
- Cooperative engagement with government on regulatory matters;
- Environmental protection provisions;
- Scholarships and capacity building opportunities for Woodstock First Nation members;
- Employment, training and contracting opportunities for Woodstock First Nation members during the construction and operation phases of the Sisson Project; and
- Financial benefits.
The Cooperation Agreement follows the successful negotiation and implementation of a Process Agreement signed by Northcliff and Woodstock First Nation in June 20131.
"Our relationship with Woodstock First Nation continues to grow and we are looking forward to working closely together towards the development of the Sisson Project," stated Northcliff President and CEO Christopher Zahovskis. "We also look forward to a positive outcome from the federal environmental assessment process, building on the positive environmental assessment decision in December 2015 from the New Brunswick government, to enable advancement of Northcliff's and our partner's plans to build and operate an environmentally sound and socially responsible project that will provide significant benefits in the Province of New Brunswick."
"Northcliff has shown itself to be a company we can work with," said Woodstock First Nation Chief Tim Paul. "This partnership can provide real opportunities and benefits for our community while still ensuring our values, Aboriginal and treaty rights and environmental concerns are respected."
About Northcliff Resources Ltd.
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, confirmed that the Sisson Project is technically and economically feasible and can move on to the next stage of development.
The Sisson Environmental Impact Assessment Report (the "EIA Report") was submitted to both the federal Canadian Environmental Assessment Agency ("CEAA") and the New Brunswick Department of Environment and Local Government in July 2013. Provincial approval of the EIA Report was received on December 3, 2015. A federal decision from CEAA is pending.
Additional information on Northcliff is available on the website at www.northcliffresources.com. Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.
