TORONTO, Feb. 9, 2015 (GLOBE NEWSWIRE) — Carlisle Goldfields Limited (“Carlisle” or the “Company”) (TSX:CGJ) is pleased to announce that it, together with its Lynn Lake Joint Venture (the “LLJV”) partner AuRico Gold Inc. (“AuRico”), has entered into a comprehensive Exploration Agreement (the “Agreement”) with the Marcel Colomb First Nation (“MCFN”) and the Marcel Colomb Development Corporation (“MCDC”).
The Agreement states that “…the MCFN is committed to principals of economic sustainability and growth for its members, environmental stewardship and self-determination in respect of MCFN lands and resources and wishes to establish a cooperative and respectful long-term relationship with both AuRico and Carlisle.” Further, “the LLJV recognizes and respects the Aboriginal and Treaty rights and interests of MCFN, together with their constitutional and other legal rights and desires to maintain open and friendly, cooperative, on-going communications and a positive working relationship,” and further that “this Exploration Agreement is not in derogation of abrogation of any inherent treaty, aboriginal, title or like right of MCFN.”
The Agreement also states that “…the parties agree that it is their common objective to assist MCDC and MCFN members to benefit from business opportunities associated with Exploration Activities undertaken by the LLJV…” and that…”assuming the Feasibility Study is positive, the Parties commit to make best efforts to develop an Impact Benefit Agreement (IBA) consistent with this Exploration Agreement.”
Chief Andrew Colomb of the Marcel Colomb First Nation stated that “We are pleased to have signed this Agreement with Carlisle and AuRico. Carlisle has proven to be a supportive and engaged partner of the Marcel Colomb First Nation over the years.