Welcome!

News Feed Item

Trevali Provides Caribou Zinc-Lead-Silver Mine Construction Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/26/14 -- Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) provides an update on construction activities at its wholly-owned Caribou mine and mill complex (Figure 1) located in the Bathurst Mining Camp of northeastern New Brunswick, Canada.

Following the successful closing of recently announced $52.5-million corporate debt facility for the Caribou mine operations (see NR TV-NR-14-10 for details) the Company has commenced both surface and underground construction and rehabilitation activities to facilitate Mine and Mill commissioning in the first half of 2015. Due to the highly skilled and available workforce, contractors and service providers, the Company is fortunate to be able to source the majority of its required re-start and future production services locally.

Trevali also continues to liaise closely with local Mi'kmaq First Nations ensuring that the Impact Benefits Agreement signed between the two parties continues to benefit the First Nations involved. Through the planned re-launch of the Underground Miner Training Program and the addition of a Surface and Mill Operator Training Program for First Nations students, the Company looks forward to continuing to offer opportunities to the Mi'kmaq of New Brunswick and further strengthening its relationship with the First Nation people of New Brunswick.

A summary of key current activities is provided below:

SURFACE WORKS

--  The Main Mine Office annex is fully refurbished and now staffed by
    Trevali's development team.  
--  Site communications will be significantly enhanced by a new fibre-optic
    cable which is scheduled to be commissioned in Q3/Q4 of 2014. 
--  A warehouse inventory is nearing completion. 
--  The Mine Dry Facility and Change House, necessary for Underground ("UG")
    activities, is nearing completion. 
--  Site power repairs are predominantly complete, power-line underbrush
    clearing is in progress and the various transformers have been serviced
    and repaired where necessary. 
--  Improved site water management requirements have been identified and
    tendering is in progress.

To view Figure 1 please click the following link: http://media3.marketwire.com/docs/TrevaliFig1.pdf

MILL

--  The new 3,000-tonne-per-day Semi-Autogenous-Grinding (SAG) Mill was
    delivered in late 2013 and the remaining associated componentry during
    the first quarter of 2014. The SAG Mill tender has been completed and
    the Company is currently finalizing installation timing (Figure 2). 
--  Key Mill component spare part purchasing has commenced and is
    progressing well. 
--  The Company is currently updating its Mill hygiene policy following
    which Mill clean-up activities will commence. 
--  Copper metallurgical testwork optimization is ongoing and detailed Cu-
    circuit design is in progress. 
--  Processes water circuit has been repaired and upgraded.

To view Figure 2 please click the following link: http://media3.marketwire.com/docs/TrevaliFig2.pdf

UNDERGROUND

--  All underground equipment and services were pulled to surface and
    securely warehoused prior to mine shut-down in 2008. 
--  Alex Macintyre & Associates Ltd. have been awarded the UG development
    and mining contract following a competitive tender process in which
    seven qualified UG mining contract companies submitted bids. Trevali has
    a strong working relationship with Alex Macintyre who developed the
    Company's Halfmile trial mining operation on time and budget in 2011/12.
--  A general inspection of the primary ramp and Level 2 indicates that
    ground conditions are good and ground support is predominantly intact -
    minor rehabilitation will be required where water levels seasonally
    fluctuated. 
--  Rehabilitation of the surface service raise and secondary egress
    rehabilitation is in progress, following which larger scale UG
    activities can commence. 
--  Ventilation Fan and UG Heating units have been inspected, minor repairs
    will occur in due course. 
--  Mine dewatering is progressing well - UG workings are approximately 40
    percent dewatered to Level 2 where the main mine dewatering sumps are
    located. Primary pumps will be installed in the coming weeks following
    ramp inspection and rehabilitation where required. 
--  A Paste Backfill Study is advancing, which contingent on positive
    results has the potential to significantly increase the life-of-mine, in
    addition to decreasing mine dilution (boosts head-grade) and lower
    operating costs.

STAFFING

--  Phase 1 staffing is ongoing and the Company currently directly and
    indirectly employs 57 people from the Bathurst region. During peak
    construction, commencing in the third quarter of 2014 and ongoing to
    commissioning in 2015, it is estimated that Trevali New Brunswick will
    employ approximately 300-320 people and then approximately 250 people
    during future steady-state production from mid-2015 onwards.

2014 AGM RESULTS

Trevali also reports on results of voting from its 2014 Annual and Special Meeting of Shareholders held June 24, 2014 in Vancouver, BC.

Each of the nominees listed in Trevali's Management Information Circular dated May 15, 2014 was elected as a director of the Company. Shareholders voted in favour of all items of business before the meeting. Detailed results of the election of director nominees are shown in the attached table.

Director            Number of votes in favour  Percentage of votes in favour
----------------------------------------------------------------------------
Mark Cruise                       110,827,486                         99.95%
Anton Drescher                    105,310,985                         94.98%
Christopher Eskdale                98,313,890                         88.67%
Catherine Gignac                  110,694,586                         99.83%
Michael Hoffman                   105,160,185                         94.84%
David Huberman                    110,692,786                         99.83%
Peter Meredith                    105,190,190                         94.87%
Valentin Paniagua                 110,717,786                         99.85%

Shareholders ratified and approved the Company's Appointment of Auditor and the Approval of Stock Option and Stock Bonus Plan and Unallocated Options.

The Company would also like to thank Dr. Paul Klipfel, who did not stand for re-election as director, for his years of service on Trevali's Board and wishes him all the best in his new endeavours.

Detailed voting results for the 2014 Annual and Special Meeting of Shareholders are available on SEDAR.

Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, Trevali's President and CEO and M. Dayle Rusk, P.Geo, Trevali's Director, Geology, are qualified persons as defined by NI 43-101, have supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company, as he is an officer, director and shareholder. Ms. Rusk is not independent of the Company as she is an officer and shareholder. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to Activation Laboratories preparation facility in Fredericton, New Brunswick, then to Ancaster, Ontario for assay. Activation Laboratories quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by Trevali personnel in order to independently assess analytical accuracy. Finally, representative blind duplicate samples are routinely forwarded to an ISO compliant third party laboratory for additional quality control.

ABOUT TREVALI MINING CORPORATION

Trevali is a zinc-focused, base metals mining company with one producing operation currently in Peru and an advanced-stage mine under development in Canada.

In Peru, the Company is actively producing zinc and lead-silver concentrates from its Santander mine and 2,000-tonne-per-day metallurgical plant.

In Canada, Trevali owns the Caribou mine and mill, Halfmile mine and Stratmat deposit all located in the Bathurst Mining Camp of northern New Brunswick. The Company is currently advancing its 3,000-tonne-per-day Caribou Mill Complex and mine towards planned 2015 production.

All of the Company's deposits remain open for expansion.

The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF) and on the Lima Stock Exchange (symbol TV). For further details on Trevali, readers are referred to the Company's web site (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors of

TREVALI MINING CORPORATION

Mark D. Cruise, President

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and the company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Such forward-looking statements and information include, but are not limited to statements as to: the accuracy of estimated mineral reserves and resources, anticipated results of future exploration, and forecast future metal prices, anticipated results of future electrical sales and expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral reserves. These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.

These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release and the company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in spot and forward markets for silver, zinc, base metals and certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in currency markets (such as the Peruvian sol versus the U.S. dollar); risks related to the technological and operational nature of the Company's business; changes in national and local government, legislation, taxation, controls or regulations and political or economic developments in Canada, the United States, Peru or other countries where the Company may carry on business in the future; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins and flooding);

risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits and the presence of laws and regulations that may impose restrictions on mining,; diminishing quantities or grades of mineral reserves as properties are mined; global financial conditions; business opportunities that may be presented to, or pursued by, the Company; the Company's ability to complete and successfully integrate acquisitions and to mitigate other business combination risks; challenges to, or difficulty in maintaining, the Company's title to properties and continued ownership thereof; the actual results of current exploration activities, conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors; increased competition in the mining industry for properties, equipment, qualified personnel, and their costs. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

Trevali's production plans at Caribou-Halfmile-Stratmat and Santander are based only on Indicated and Inferred Mineral Resources and not Mineral Reserves and do not have demonstrated economic viability. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is therefore no certainty that the conclusions of the production plans and Preliminary Economic Assessment (PEA) will be realized. Additionally where Trevali discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

We advise US investors that while the terms "measured resources", "indicated resources" and "inferred resources" are recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize these terms. US investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into reserves.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States, absent such registration or an applicable exemption from such registration requirements.

The TSX has not approved or disapproved of the contents of this news release.

Contacts:
Steve Stakiw
Vice President, Investor Relations
and Corporate Communications
Email: [email protected]
Phone: (604) 488-1661 / Direct: (604) 638-5623
www.trevali.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
For better or worse, DevOps has gone mainstream. All doubt was removed when IBM and HP threw up their respective DevOps microsites. Where are we on the hype cycle? It's hard to say for sure but there's a feeling we're heading for the "Peak of Inflated Expectations." What does this mean for the enterprise? Should they avoid DevOps? Definitely not. Should they be cautious though? Absolutely. The truth is that DevOps and the enterprise are at best strange bedfellows. The movement has its roots in t...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Here are the Top 20 Twitter Influencers of the month as determined by the Kcore algorithm, in a range of current topics of interest from #IoT to #DeepLearning. To run a real-time search of a given term in our website and see the current top influencers, click on the topic name. Among the top 20 IoT influencers, ThingsEXPO ranked #14 and CloudEXPO ranked #17.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega...
In their session at @DevOpsSummit at 21st Cloud Expo, Michael Berman, VP Engineering at TidalScale, and Ivo Jimenez, Engineer at TidalScale, will describe how automating tests in TidalScale is easy thanks to WaveRunner. They will show how they use WaveRunner, Jenkins, and Docker to have agile delivery of TidalScale. Michael Berman is VP Engineering at TidalScale. TidalScale is developing a scale up compute and resource architecture for customers to perform big data exploration and real time anal...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...