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Curis Resources to list on TSX tomorrow

May 04, 2011 9:06 AM ET
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Curis Resources (TSE:CUV) said Tuesday it will begin trading its shares on the Toronto Stock Exchange tomorrow under the symbol "CUV".

Since going public last November, Curis has achieved a number of milestones over the past six months, including the completion of a signficant financing.

"We have now achieved a TSX listing, which we believe will raise the Company's profile with institutional investors, " said president and CEO Michael McPhie.

Currently, Curis is focused on advancing its Florence project to production, a 3+ billion pound copper property in central Arizona, roughly 65 miles southeast of Phoenix.

The asset has drawn the attention of several investors, as its in-situ leach production plan, as opposed to conventional open pit, stands to benefit from buoyant copper prices, while at the same time delivering low capex and operating costs.

In-situ leach recovery of copper does not require mining trucks, milling equipment, or even mining engineers, nor does it necessitate waste stripping or exposure to long-lead time equipment.

With a feasibility study at the project now underway, the company said it is on track to begin the first phase of development at the start of 2012. Commercial production is targeted for 2014.

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