Welcome!

News Feed Item

Trevali discovers significant zone of massive sulphides at Caribou Zinc Mine in New Brunswick

Highlights Include:

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/11/17 -- Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV)(LMA: TV)(OTCQX: TREVF)(FRANKFURT: 4TI) announces the latest results of its 2017 exploration campaign at the Caribou Zinc Mine in the Bathurst Mining Camp of New Brunswick, Canada. Directional exploration drilling has defined a major body of massive sulphide mineralization containing significant zinc-rich polymetallic intervals. As presently defined, the zone is centred approximately 350 metres from the currently defined deposit and remains open for expansion.

In 2015, the first hole into the north limb extension was reported, BR-1014A - intersected 50.9 metres grading 5.08% Zn, 1.76% Pb, 0.37% Cu, 59.66 g/t Ag and 1.63 g/t Au (see TV-NR-15-07 for details). The intercept was interpreted to highlight the excellent continuity of mineralization along the prospective "Caribou Horizon" and was a significant step out beyond the 2014 resource base.

The 2017 exploration programme was designed to follow-up and better define and expand this zone of mineralization (Figures 1 and 2): Drilling to date has defined two lenses of massive sulphide mineralization which vary from 5-to-plus-30 metres thick and have a currently modeled strike length of approximately 450 metres and a dip length of approximately 700 metres, within which higher-grade "Run-Of-Mine" mineralization occurs (Figure 2).

Mineralization as presently defined is adjacent to mine infrastructure, effectively doubles the strike length of the North Limb of the Caribou deposit and remains open for expansion. The current 2017 inferred resource drilling program is scheduled to be completed by mid-December, with additional drill results and resource estimate to be announced in the first quarter of 2018. Potential extensions to the East Limb remain to be tested in 2018.

Key Highlights:

--  BR-1025 tested an area approximately 100-metres up-dip from BR-1014A
    (see Trevali news release dated April 16, 2015).
    --  35.39 metres at 4.28% Zn, 1.41% Pb, 0.38% Cu, 53.06 g/t Ag, 1.28 g/t
        Au, within which are higher-grade intercepts (see Table 1).
--  BR-1033 was planned to test the continuity of mineralization
    approximately 100-metres down-dip from the currently defined Caribou
    orebody.
    --  11.98 metres at 6.05% Zn, 2.23% Pb, 0.37% Cu, 80.91 g/t Ag, 2.12 g/t
        Au
    --  3.23 metres at 7.00% Zn, 2.07% Pb, 0.65% Cu, 65.36 g/t Ag, 0.41 g/t
        Au
--  BR-1036 tested an area approximately 100-metres down-dip from BR-1014A.
    --  14.60 metres at 5.81% Zn, 2.28% Pb, 0.46% Cu, 77.60 g/t Ag, 2.21 g/t
        Au



----------------------------------------------------------------------------
                                 Core Length
           Depth From - To       Interval(i)                       Ag     Au
Borehole          (metres)          (metres)Zn (%)Pb (%)Cu (%)  (g/t)  (g/t)
----------------------------------------------------------------------------
BR-1025    512.35 - 547.74             35.39  4.28  1.41  0.38  53.06   1.28
        --------------------------------------------------------------------
            incl. 512.35 -
                   522.5.0             10.15  6.87  1.99  0.33  59.92   1.83
        --------------------------------------------------------------------
            incl. 544.74 -
                    547.74              3.00  6.26  2.20  0.33  75.90   2.08
        --------------------------------------------------------------------
           555.00 - 558.13              3.13  5.92  1.43  0.69  43.90   0.38
----------------------------------------------------------------------------
BR-1027    538.67 - 544.65              5.98  8.36  1.62  0.44  40.60   0.45
----------------------------------------------------------------------------
BR-1029           433.90 -
                439.70(ii)              3.80  9.35  4.94   0.2 170.44   3.41
----------------------------------------------------------------------------
BR-1030    604.46 - 623.00             18.54  4.97  1.06  0.34  41.21   0.88
        --------------------------------------------------------------------
            incl. 611.46 -
                    614.62              3.16  8.14  2.05  0.29  45.79   1.24
        --------------------------------------------------------------------
           661.00 - 664.62              3.62 10.39  2.71  0.43  61.00   0.91
----------------------------------------------------------------------------
BR-1032A   894.00 - 913.00             19.00  3.65  1.39  0.95  54.24   1.38
        --------------------------------------------------------------------
            incl. 894.00 -
                    900.83              6.83  6.26  2.63  0.36  91.76   2.57
        --------------------------------------------------------------------
            incl. 904.35 -
                    913.00              8.65  1.58  0.31  1.68  25.89   0.45
----------------------------------------------------------------------------
BR-1033    765.02 - 777.00             11.98  6.05  2.23  0.37  80.91   2.12
        --------------------------------------------------------------------
            incl. 765.02 -
                    772.00              6.98  7.96  2.96  0.31 106.53   2.66
        --------------------------------------------------------------------
           787.00 - 793.00              6.00  0.49  0.10  1.65  12.05   0.20
        --------------------------------------------------------------------
           798.62 - 801.85              3.23  7.00  2.07  0.65  65.36   0.41
----------------------------------------------------------------------------
BR-1033B   834.38 - 839.10              4.72  5.59  2.26  0.29  69.73   2.32
        --------------------------------------------------------------------
           858.00 - 864.65              6.45  1.66  0.33  1.60  18.61   0.60
----------------------------------------------------------------------------
BR-1035    735.20 - 753.00             17.80  2.43  1.38  0.65  36.94   1.30
        --------------------------------------------------------------------
            incl. 735.20 -
                    739.01              3.81  1.78  1.70  0.77  45.27   2.52
        --------------------------------------------------------------------
           776.25 - 778.00              1.75 10.32  4.19  0.24 102.55   1.69
----------------------------------------------------------------------------
BR-1036    718.16 - 732.76             14.60  5.81  2.28  0.46  77.60   2.21
        --------------------------------------------------------------------
            incl. 721.08 -
                    725.00              3.92  6.33  2.78  0.45  77.25   2.89
        --------------------------------------------------------------------
            incl. 726.00 -
                    732.76              6.76  7.01  2.70  0.43  93.65   2.01
----------------------------------------------------------------------------
Table 1: Summary of drill assay results.
(i)Length and specific gravity weighted composites. Intervals are approx.
 60-70% of true thickness.
(ii)2 metres of core loss between 435-437 metres due to faulting.

To view the figure associated with this release (Geologic map of Caribou Mine area with projected North Limb extension of massive sulphide mineralization), please click on the following link: http://media3.marketwire.com/docs/Figure_1_TV.pdf

To view the figure associated with this release (3D view of the Caribou mine, looking East and illustrating geometry of the mineralization and location of recent drill hole intercepts), please click on the following link: http://media3.marketwire.com/docs/Figure_2_TV.pdf

Bathurst Mining Camp - Regional

Trevali has also acquired five strategic mineral claim blocks from partner Glencore subject to a 2% NSR for any future production for a total of 3,520 ha of area, expanding Trevali's total land holdings to 11,380 ha in the Camp. These areas represent some of the highest-priority targets retained within the Camp. Trevali will be evaluating these opportunities in the coming months to prioritize targets for the 2018 Spring/Summer exploration programs.

Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, Trevali's President and CEO and Daniel Marinov, P.Geo, Trevali's VP Exploration, 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. Mr. Marinov is responsible for all aspects of the work, including the quality control/quality assurance programs. Dr. Cruise is not independent of the Company, as he is an officer, director and shareholder. Mr. Marinov is not independent of the Company as he is an officer and shareholder. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to Bureau Veritas Laboratories (Bureau Veritas) preparation facility in Timmins, ON for crushing and splitting then the pulp samples are shipped to Vancouver, B.C. for assay. Zinc, lead, copper gold and silver, assays were obtained by four acid Aqua-Regia dissolution followed by Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES) measurements. Values of zinc, lead and copper over 10% are assayed by volumetric method. 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. Bureau Veritas' quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Finally, representative blind duplicate samples are routinely forwarded to an ISO compliant third-party laboratory for external quality control.

ABOUT TREVALI MINING CORPORATION

Trevali is a zinc-focused, base metals mining company with four commercially producing operations.

The Company is actively producing zinc concentrates from its wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, its 80% owned Rosh Pinah mine in Namibia and its 90% owned Perkoa mine in Burkina Faso.

The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website (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

Cautionary Note Regarding Forward-Looking Statements

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 Resources, anticipated results of future exploration, and forecast future metal prices, expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of Mineral Resources. 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; 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, Namibia, Burkina Faso, 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 localcommunities 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 resources 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.

We advise US investors that while the terms "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral 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.

Contacts:
Trevali Mining Corporation
Steve Stakiw, Vice President -
Investor Relations and Corporate Communications
(604) 488-1661 / Direct: (604) 638-5623
[email protected]
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
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
So the dumpster is on fire. Again. The site's down. Your boss's face is an ever-deepening purple. And you begin debating whether you should join the #incident channel or call an ambulance to deal with his impending stroke. Yes, we know this is a developer's fault. There's plenty of time for blame later. Postmortems have a macabre name because they were once intended to be Viking-like funerals for someone's job. But we're civilized now. Sort of. So we call them post-incident reviews. Fires are ne...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Learning to one location.
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, softwar...
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of computational needs for many industries. Their solutions provide benefits across many environments, such as datacenter deployment, HPC, workstations, storage networks and standalone server installations. ICC has been in business for over 23 years and their phenomenal range of clients include multinational corporations, universities, and small busines...
This sixteen (16) hour course provides an introduction to DevOps, the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will result in an improved ability to design, develop, deploy and operate software and services faster.