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Trevali implementing new Caribou underground mining fleet
Trevali implementing new Caribou underground mining fleet.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n \n \n Trevali implementing new Caribou underground mining fleet\n \n \nTrevali implementing new Caribou underground mining fleet\n\nCommences Caribou underground drill program to upgrade and increase resources\n\n \n VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 11, 2017) - Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) announces it has received initial delivery of part of its new Sandvik underground mining fleet for the Caribou Zinc Mine in the Bathurst Mining Camp of northeastern New Brunswick. Components of the new fleet, specifically new haul trucks and loaders, have arrived as scheduled and are currently being transitioned into operations where they are expected to deliver higher availability and production performance upon integration (Figure 1).\n To view \"Figure 1: New Sandvik loaders and haul trucks getting delivered to Trevali's Caribou Zinc Mine in NB\" accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/1094389_Fig1.pdf\n As part of a site-wide optimization initiative, the new underground mining fleet for the Caribou Zinc Mine is an approximately Cdn$20-million investment through a partnership with Sandvik Mining that will supply and maintain a full fleet of mining equipment for Caribou operations. This initiative and transition to owner-operated status is expected to deliver safer and more productive operational capabilities and significant savings in overall Caribou operating costs.\n Currently there are three loaders and four TH540 trucks onsite at Caribou as part of this initial equipment delivery. Additional components of the new Sandvik underground mining fleet are scheduled to be delivered over the next several weeks. The project is currently approximately a Quarter ahead of schedule for full transition of mining activities by the end of Q2-2017.\n Caribou Underground Resource Conversion and Expansion Drill Program Commences\n Trevali also announces commencement of its 2017 underground diamond drilling program. Boart Longyear Canada have been awarded the 14,400-metre contract for underground diamond drilling services. The program is a follow up to the 14,000-metre 2016 drill program that targeted inferred and indicated resources on both the North and East limbs of the deposit.\n The 2017 program will...