TORONTO, April 25, 2016 /PRNewswire/ --
AuRico Metals Inc. (TSX: AMI) ("AuRico" or the "Company")
is pleased to announce that the Environmental Assessment
Certificate application (the "Application") for its Kemess
Underground Project has been screened and formally accepted for
detailed review by the British Columbia Environmental Assessment
Office ("BC EAO"). AuRico is making revisions and reformatting the
Application to integrate the clarifications and additional
information provided by AuRico during the screening period. The BC
EAO will initiate the 180-day review once AuRico has submitted the
revised Application - expected to be in approximately two weeks.
The BC EAO is managing the environmental assessment in a
Substituted Process on behalf of British
Columbia and the Canadian Environmental Assessment
Agency.
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.
For further information:
Chris Richter, President and
Chief Executive Officer, AuRico Metals Inc., +1-416-216-2780,
chris.richter@auricometals.ca