TORONTO, March 4, 2016 /PRNewswire/ --
AuRico Metals Inc. (TSX: AMI), ("AuRico" or the
"Company") today announced that it has submitted its Environmental
Assessment ("EA") application for the Kemess Underground Project to
the British Columbia Environmental Assessment Office ("BC EAO") in
accordance with the British Columbia Environmental Assessment Act.
With the submission of the EA Application to the BC EAO, the 30-day
screening period to ensure that the EA Application is complete has
now commenced. Once the EA Application has been screened, and if
accepted, there is a 180-day period for the BC EAO to complete its
review. The BC EAO is managing the environmental assessment in a
Substituted Process on behalf of British
Columbia and the Canadian Environmental Assessment
Agency.
Commenting on today's announcement, Chris Richter, President and CEO of AuRico
Metals stated, "The submission of the EA marks another important
milestone for the advancement of Kemess, along with the imminent
release of an updated Feasibility Study for the Kemess Underground
Project and an updated resource estimate for Kemess East. We look
forward to the receipt of a government decision on Kemess in the
fourth quarter of this year."
About AuRico Metals
AuRico Metals is a mining royalty and development company whose
producing gold royalty assets include a 1.5% NSR royalty on the
Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine
at Hemlo, and a 0.5% NSR royalty
on the Eagle River Mine - all located in Ontario, Canada. AuRico Metals also has a 2%
NSR royalty on the Fosterville Mine and a 1% NSR royalty on the
Stawell Mine, located in Victoria,
Australia. Aside from its diversified royalty portfolio,
AuRico owns (100%) the advanced Kemess Gold-Copper Project in
British Columbia, Canada. AuRico
Metals' head office is located in Toronto, Ontario, Canada.
Cautionary Statement
This press release contains forward-looking statements and
forward-looking information as defined under Canadian and U.S.
securities laws. All statements, other than statements of
historical fact, are, or may be deemed to be, forward-looking
statements. The words "expect", "believe", "anticipate", "will",
"intend", "estimate", "forecast", "budget" and similar expressions
identify forward-looking statements. Forward-looking statements
include statements related to the Company's outlook and key
deliverables on Kemess over the next 12 months. These statements
are based on a number of factors and assumptions that, while
considered reasonable by management at the time of making such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Known and
unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements. Such
forward-looking statements and the factors and assumptions
underlying them in this document include the timing of the
government decision in response to the Company's environmental
assessment application..
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained herein. Such statements are
based on a number of assumptions which may prove to be incorrect,
including assumptions about: the timing and ability to obtain
provincial and federal approval of the environmental assessment
application, the number of comments or questions raised by partners
or the British Columbia Environmental Assessment Office, and
additional studies required in order to address concerns raised and
the results of those studies. The Company disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by applicable law.
Readers are cautioned that forward-looking statements are not
guarantees of future performance. All of the forward-looking
statements made in this press release are qualified by these
cautionary statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by applicable law.
Chris Richter, President and
Chief Executive Officer, AuRico Metals Inc., +1-416-216-2780,
chris.richter@auricometals.ca
Robert Chausse, Chief Financial
Officer, AuRico Metals Inc., +1-416-216-2780,
robert.chausse@auricometals.ca