TORONTO, April 25, 2016 /CNW/ - 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.
SOURCE AuRico Metals
<p> Chris Richter, President and Chief Executive Officer, AuRico Metals Inc., 416-216-2780, <a href="mailto:chris.richter@auricometals.ca">chris.richter@auricometals.ca</a> </p>