Business
Trevali Provides Mineral Reserves and Mineral Resources Update; Increases Consolidated M+I Zinc Resources 13% year over year
Trevali Provides Mineral Reserves and Mineral Resources Update; Increases Consolidated M+I Zinc Resources 13% year over year.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\nVANCOUVER, British Columbia, March 28, 2019 (GLOBE NEWSWIRE) -- 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.\n HIGHLIGHTS 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 yearConsolidated 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 silverConsolidated 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 zinc494 million pounds (0.22 million tonnes) of contained lead16.1 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. Table 1. Total Proven & Probable Mineral Reserves as of December 31, 2018 (1,2)    ...