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Trevali Mining Corp.
Summary
| Project: | Santander | |
|---|---|---|
| Deposit: | Santander | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver-Copper-Gold | |
| Date: | 12/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-12-2016: Trevali Mining Corp. announces an Exploration/Drilling Update report for its Santander deposit at the Santander project. Drilling results incl. 3.40m @ 11.46% Zn, 9.91% Pb, 506.60g/t Ag from 147.40m. Vancouver, British Columbia: Trevali Mining | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Cruise; Daniel Marinov (Internal) | |
| ABSTRACT: | Vancouver, British Columbia: Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; BVL: TV; OTCQX: TREVF; Frankfurt: 4TI) announces results from eight new drill holes that are part of the ongoing 2016 underground resource definition and expansion drill program at its Santander zinc mine in Peru. The aim of the current phase of drilling is to extend and define the newly discovered zone of highgrade massive sulphide replacement mineralization between Magistral Central (MC) and Magistral North (MN), in addition to test the down-dip expression of the recently discovered Oyon zone. Drill hole MC-182-16 targeted the down-dip expression of the Oyon zone in the 4150-level area, approximately 200-220 metres below the current active mining zone. The drill hole successfully intercepted multiple stacked lenses (or mantos) of massive sulphides in the main MC and Oyon zone (Table 1) and mineralization remains open for expansion (Fig. 1). The reminder of reported drill holes targeted newly discovered mineralization (New zone) between MC and MN in the 4370-level area that is adjacent (approx. 90-metres horizontally) to the current mining front (see Oct. 31/16 News Release for details). All drill holes intersected narrow but exceptionally high-grade Pb-Ag-Zn replacement mineralization and the zone remains open for expansion (Table 1 and Figure 1). “These latest results of the 2016 exploration program continues to maintain our Santander team’s 100%- discovery track-record since the Company’s initial exploration on the property in early 2008,” stated Dr. Mark Cruise, Trevali’s President and CEO. “Our 2016 exploration program has been particularly successful in so far as it has unequivally demonstrated that the Magistral zones have now merged at depth, forming what is essentially a plus-600-metre long zone of semi-contigous, massive sulphide mineralization comprised of multiple stacked replacement horizons and host units. This coupled with increasing zinc grades, typically only seen in the larger end members of the deposit class, sets a very solid foundation for future resource expansion programs particually given constructive macro-zinc fundamentals.” | |
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