VANCOUVER, Jan. 31 /PRNewswire/ - PCI-1 Capital Corp.
(the "Company") (TSX-V: ICC) announces that on January 28, 2011, shareholders approved the
change of its name to Curis Resources Ltd. ("Curis"). The Company
also has a new trading symbol on the TSX Venture Exchange, and will
begin trading under the symbol "CUV" shortly.
The name Curis is an acronym for Copper
(Cu)-Recovery-In-Situ. Curis' focus is to develop its flagship
Florence Copper Project in Arizona,
USA, into a world class low cost copper producer in the near
term. The Florence Copper Project was advanced to the point of
having all project operating permits in place, a feasibility study
completed and the successful operation of a pilot test by former
owner BHP Copper Inc. in the late 1990's.
"We are well positioned to establish Curis as a
near term next-generation copper producer," said Curis President & CEO Michael McPhie. "Our 100%-owned Florence
Project hosts a copper oxide deposit with a 429 million tonne
measured and indicated resource1 that is amenable to
in-situ copper recovery (ISCR) and industry-standard solvent
extraction and electrowinning (SX/EW) copper production. In
late 2010, we announced the completion of a very positive
preliminary economic assessment (PEA) for the project and raised
$38 million to advance our 18 month
work plan (see November 25, 2010 news
release). Over the next year, we expect to optimize our
project engineering, complete a feasibility study and complete
project permitting. Project permitting involves the amendment
and updating of the operational permits for the project through a
well-defined and time limited amendment process. Upon
successful completion of these activities, Curis will start a Phase
1 development program that will involve the drilling and activation
of an initial ISCR well-block and construction and commissioning of
a temporary SX-EW plant to produce 99.999% pure copper cathode at
the Florence Copper Project site. Construction of the full
commercial SX/EW plant and well field facilities and associated
infrastructure (Phase 2) will follow Phase 1 and is planned to
start in late 2012."
About Curis
Curis Resources Ltd. is a mineral development company, the major
shareholder of which is Hunter Dickinson Inc. Curis is focused
on the acquisition, development and operation of high-quality
next-generation copper properties in progressive jurisdictions
around the world. It is currently focused on advancing its
100% owned Florence Project in Arizona
USA to production.
About HDI
Hunter Dickinson Inc. (HDI) is a diversified, global mine
development company with a 25-year history of mineral development
success. From its head office in Vancouver, Canada, HDI applies its unique
strengths and capabilities to acquire, develop, operate and
monetize mineral properties that provide consistently superior
returns to shareholders.
Michael
McPhie
President & CEO
__________________________________________________
1 grading 0.331% total copper (TCu) and containing 2.85
billion lb copper (at a 0.05% TCu cutoff). For further details see
November 25 2010 news release.
Neither the TSX Venture Exchange nor its
Regulation Services Provide (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This release includes certain statements that
may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
permitting exploration drilling, exploitation activities and events
or developments that the company expects are forward-looking
statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, potential
environmental issues and liabilities associated with exploration,
development and mining activities, uncertainties related to the
ability to obtain necessary permits, licenses and title and delays
due to third party opposition, changes in government policies
regarding mining and natural resource exploration and exploitation,
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information
on the Company, investors should review the Company's continuous
disclosure filings that are available at www.sedar.com.
SOURCE Curis Resources Inc.
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