TORONTO, May 12, 2016 /PRNewswire/ --
AuRico Metals Inc. (TSX: AMI)
("AuRico" or the "Company") is pleased to announce that the 180-day
review period for the Company's Environmental Assessment
Certificate Application for the Kemess Underground Project
commenced on May 11, 2016. The
British Columbia Environmental Assessment Office 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, "This is
a significant milestone for the Kemess Underground Project and we
wish to thank our team for their considerable efforts in advancing
to this point. We look forward to the targeted receipt of a
government decision 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 wholly 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 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, http://www.auricometals.ca