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Vancouver, British Columbia…Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; BVL: TV; OTCQX: TREVF; Frankfurt: 4TI) provides an update on construction activities at its wholly-owned Caribou mine and mill complex (Figure 1) located in the Bathurst Mining Camp of northeastern New Brunswick, Canada.
Following the successful closing of recently announced $52.5-million corporate debt facility for the Caribou mine operations (see NR TV-NR-14-10 for details) the Company has commenced both surface and underground construction and rehabilitation activities to facilitate Mine and Mill commissioning in the first half of 2015. Due to the highly skilled and available workforce, contractors and service providers, the Company is fortunate to be able to source the majority of its required re-start and future production services locally.
Trevali also continues to liaise closely with local Mi’kmaq First Nations ensuring that the Impact Benefits Agreement signed between the two parties continues to benefit the First Nations involved. Through the planned re-launch of the Underground Miner Training Program and the addition of a Surface and Mill Operator Training Program for First Nations students, the Company looks forward to continuing to offer opportunities to the Mi’kmaq of New Brunswick and further strengthening its relationship with the First Nation people of New Brunswick.
A summary of key current activities is provided below:
The Main Mine Office annex is fully refurbished and now staffed by Trevali’s development team.
Site communications will be significantly enhanced by a new fibre-optic cable which is scheduled to be commissioned in Q3/Q4 of 2014.
A warehouse inventory is nearing completion.
The Mine Dry Facility and Change House, necessary for Underground (“UG”) activities, is nearing completion.
Site power repairs are predominantly complete, power-line underbrush clearing is in progress and the various transformers have been serviced and repaired where necessary.
Improved site water management requirements have been identified and tendering is in progress.
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