NEW BRUNSWICK – Vancouver-based Trevali Mining Corp. is working on several programs at its Halfmile and Stratmat polymetallic deposits in the Bathurst mining camp. It is drilling, conducting environmental studies, working on an archeological impact assessment, and studying possible locations for the tailings pond. The goal is to update the 2010 preliminary economic assessment.
Over the next five years, the company hopes to ascertain whether the Halfmile and Stratmat projects warrant building a stand alone mill to treat ores from the deposits. The Halfmile project hosts an indicated resource of 6.26 million tonnes grading 8.1% Zn, 2.6% Pb, 0.2% Cu and 30.8 g/t Ag, plus additional inferred resources of 6.08 million tonnes grading 6.7% Zn, 1.8% Pb, 0.14% Cu and 20.5 g/t Ag. The Stratmat deposit hosts an inferred resource of 5.5 million tonnes grading 6.1% Zn, 2.6% Pb, 0.4% Cu, 54 g/t Ag and 0.6 g/t Au.
Over the next 12 to 24 months Trevali is working on the restart of the Caribou underground mine and 3,000-t/d mill. This deposit remains open at depth, and the company believes the exploration potential of the property is good to excellent.
Recent assays from diamond drill holes are available at Trevali.com.