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Curis Resources Ltd. (TSX: CUV) (“Curis” or the “Company”) reports a formal update on activities at the Company’s flagship advanced stage Florence Copper project in central Arizona, USA.
“We are very pleased with our progress in advancing the Florence Copper project (FCP) with the goal of completing the feasibility study and necessary amendments to permits to enable near term production” said Michael McPhie, President and CEO of Curis. “A number of significant milestones have been achieved over the past several months. These have further affirmed the development plan and timeline outlined by Company management earlier this year and supporting our confidence in the engineering viability of this world class in-situ copper recovery project”.
In summary these developments include:
Advancing a project feasibility study with targeted completion in Q4 of this year.
Advancing the engineering and development work including preparing to issue a request for proposal for an EPCM contract to design and build Phase 1 of the Florence Copper project.
Nearing completion of a drill program at the Florence project site that indicates both the anticipated copper mineralization and geological structure of the oxide copper zone.
Continuing to advance project permitting with Arizona State and Federal agencies, this is on track for completion in late 2011/early 2012.
McPhie continued. “As copper markets continue to strengthen, our company is one of the few in the world with the opportunity and ability to advance a low cost high value copper project in the near term. We expect Curis to be able to benefit from continued investor interest in pure copper play companies.”
Read the full news release here. Image is from Curis Resources.
