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Trevali Reports 2019 Mineral Reserves and Resources; Increases Reserves at Rosh Pinah Mine and Grows Global Resource Base
Trevali Reports 2019 Mineral Reserves and Resources; Increases Reserves at Rosh Pinah Mine and Grows Global Resource Base.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n VANCOUVER, British Columbia, March 30, 2020 (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, 2019. “Trevali is very encouraged with the continued growth of the Mineral Resources and Reserves base at our flagship Rosh Pinah Mine,” said Ricus Grimbeek, President and CEO. “The strategy of focusing on near-mine exploration and resource conversion drilling continued to deliver growth in respect to Mineral Resources last year. Globally, exploration successfully replaced and increased our Mineral Resources by 9%, with significant increases at Rosh Pinah in particular and at the Santander Pipe advanced target.” Highlights Exploration successfully replaced and increased global Zinc Measured and Indicated Resources at all mine sites aside from Perkoa where the 2019 mining depletion was only partially replaced:-- Measured and Indicated Mineral Resources increased by 9% over the prior year to 8.1 billion pounds (3.7 million tonnes) of contained zinc.-- Inferred Mineral Resources comprise an additional 3.0 billion lbs (1.4 million tonnes) of contained zinc. Lead and Silver resources also increased:-- Measured and Indicated Mineral Resources increased to 1.9 billion pounds (0.9 million tonnes) of contained lead and 60 million ounces of contained silver.-- Inferred Mineral Resources include an additional 0.8 billion lbs (0.4 million tonnes) of contained lead and 27 million ounces of contained silver. Proven and Probable Mineral Reserves are:-- 2.6 billion pounds (1.2 million tonnes) of contained zinc.-- 453 million pounds (0.2 million tonnes) of contained lead.-- 14.4 million ounces of contained silver. Mineral Reserve tonnage increased at the Rosh Pinah operation, but decreased at other operations due to mining depletion and a lower Net Smelter Return (NSR) as a result of higher treatment charges and freight expenses.  Exploration drilling at the Santander Pipe target in Peru successfully increased the Measured and Indicated Mineral Resource by 1.00 million tonnes and now stands at 3.77 million tonnes of Measured and Indicated Mineral Resources with an additional 1.31 million tonnes of Inferred Mineral Resource. Consol...