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Trevali Mining Corp.
Summary
| Project: | Santander | |
|---|---|---|
| Deposit: | Santander | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver-Copper-Gold | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-3-2017: Trevali Mining Corp. announces a Resource Estimation report for its Santander deposit at the Santander project. Updated Mineral Resource Estimate for Santander. Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TR | |
| Resources: | (Resource, M+I): 3.8Mt @4.85% Zn, 0.85% Pb, 37g/t Ag at project | |
| CP/QP: | [Resources]: Gilles Arseneau (Arseneau Consulting Services Ltd.) | |
| ABSTRACT: | Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces the results of its 2017 independent National Instrument 43-101 mineral resource estimate update for the Santander Zinc Mine in west-central Peru. The new estimate defines a measured and indicated resource of 3.8-million tonnes and an inferred resource of 12-million. “Since commencement of commercial production at Santander in early 2013 our exploration team has consistently delivered excellent results and continues to validate our belief in the significant exploration potential of the Santander mine,” stated Dr. Mark Cruise, Trevali’s President and CEO. “We now have one of the larger, zinc-rich polymetallic systems in the Central Peruvian Mineral Belt and continue to rank the exploration potential as excellent with low-to-moderate risk – essentially everything remains open for expansion. We have identified 17-kilometres of permissive mineral fairway of which only approximately 800–900 metres has been drill tested. Consequently, we feel the likelihood of expanding the current resource and discovering new zones of mineralization going forward remains high.” The updated resource estimate is based on a refined geologic interpretation of the mineralized zones supported by a significant amount of new data from underground mining and a 2015-2016 drill campaign comprised of an aggregate total of 264 holes totaling 35,487 metres. The results have extended the Measured and Indicated tonnes approximately 150-metres down dip below the previously defined 2012 Indicated resource – effectively replacing mined inventory during the 4-year period. | |
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