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Trevali Mining Corp.
Summary
| Project: | Stratmat-Halfmile | |
|---|---|---|
| Deposit: | Halfmile | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver-Copper-Gold | |
| Date: | 11/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-11-2017: Trevali Mining Corp. announces a PEA report for its Halfmile deposit at the Stratmat-Halfmile project. Updated PEA results incl. post-tax NPV(8%) of $99M , IRR 19%, LOM of 13yrs. The Halfmile-Stratmat integrated project is an advanced explorati | |
| Resources: | (Resource, M+I): 7.8Mt @ 0.3g/t Au, 36g/t Ag, 2.35% Pb, 6.94% Zn, 0.18% Cu at Halfmile | |
| CP/QP: | [Resources]: Benny Zhang (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | The Halfmile-Stratmat integrated project is an advanced exploration stage volcanogenic massive sulphide (VMS) project situated in the Bathurst Mining Camp of northern New Brunswick, Canada. The project anticipates re-opening of the Halfmile underground mine with a targeted production rate of 2,600 tonnes per day (t/d), constructing a new Stratmat underground mine (1,400 t/d) and a Stratmat dense media separation (DMS) and 3,000 t/d concentrate plant. An alternative case examines the potential to truck pre-concentrated material to theexisting Caribou processingplant. At the Halfmile site, considerable infrastructure is already in place as a result of 2011 to 2012 test mining campaign. At Stratmat, the project area is at a greenfield status; however, it is in the vicinity of the historical Heath Steele Mine that has roads, power, and other public infrastructure that is subject to an option agreement between Trevali and partner Glencore plc. The Stratmat project mineral resource estimate was the subject of a technical report prepared by SRK in July 2015 (SRK 2015). This report restates the mineral resources for the Stratmat project and presents an updated mineral resource for the Halfmile project. The Halfmile and Stratmat projects are located approximately 60 and 45 km southwest of Bathurst, respectively. The two deposits are located on non-contiguous claim blocks approximately 20 km apart. Because they will share common infrastructure, the non-contiguous claim blocks form a single mineral property as defined under the Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). | |
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