Trevali Provides Mineral Reserves and Mineral Resources Update; Increases Consolidated M+I Zinc Resources 13% year over year
Press Release
VANCOUVER, British Columbia, March 28, 2019 — Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) reports its Mineral Reserves and Mineral Resources statements as of December 31, 2018.
H IGHLIGHTS
- Exploration successfully replaced and increased consolidated zinc Measured and Indicated Resources at all mine sites, with higher grades at Santander and Caribou:
- Consolidated Measured and Indicated Mineral Resources increased to 7.4 billion pounds (3.4 million tonnes) of contained zinc, an increase of 13% over the prior year
- Consolidated Inferred Mineral Resources comprise an additional 3.2 billion lbs (1.5 million tonnes) of contained zinc
- Consolidated lead and silver resources also increased:
- Consolidated Measured and Indicated Mineral Resources increased to 1.7 billion pounds (0.8 million tonnes) of contained lead and 55 million ounces of contained silver
- Consolidated Inferred Mineral Resources include an additional 0.8 billion lbs (0.4 million tonnes) of contained lead and 28 million ounces of contained silver
- Consolidated Proven and Probable Mineral Reserves are:
- 2.83 billion pounds (1.28 million tonnes) of contained zinc
- 494 million pounds (0.22 million tonnes) of contained lead
- 16.1 million ounces of contained silver
- Reserve tonnage increased at Santander and Rosh Pinah, while essentially remaining unchanged at Perkoa and decreasing at Caribou, where mine optimization studies are ongoing.
- Exploration drilling at the Santander Pipe target in Peru successfully delineated an indicated resource averaging 6.81% zinc, with mineralization contiguous and extending below the historic mine workings.
Consolidated Mineral Reserves and Mineral Resources statements are summarized in Tables 1 to 3 while Tables 4 and 5 provide a comparison to 2017 Mineral Reserves and Mineral Resources on a contained metal basis. Detailed breakdowns for each of the active mines (Perkoa, Rosh Pinah, Caribou and Santander) and projects (Restigouche, Halfmile, Stratmat and Santander Pipe) are provided by category on a grade-tonnage-contained metal basis by mine regions in the detailed section. Mineral Resources in this document are reported inclusive of Mineral Reserves.
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