Trilogy Metals Inc. (TSX, NYSE-MKT: TMQ) (“Trilogy Metals” or “the Company”) is pleased to announce the results of a recently completed metallurgical test work program using sample material from the Arctic deposit collected during the 2016 field season. This metallurgical test program was carried out as a follow-on program to confirm previous metallurgical results completed in 2012 and in support of advancing the project to a pre-feasibility study (“PFS”) planned for completion in Q1 2018.
As quoted in the press release:
Rick Van Nieuwenhuyse, President and CEO of Trilogy Metals commented, “We are very pleased with the results of this metallurgical test work program at Arctic. Recoveries and concentrate grades for our two principle metals – copper and zinc are excellent. We are currently conducting additional test work to determine the optimal recoveries of our three other metals – lead, gold and silver, and will report on that work in due course. In combination with recently completed structural, hydrological and geotechnical work, we are well poised to kick-off the approved 2017 plan and budget and complete a PFS on Arctic in Q1 of 2018. The PFS will demonstrate the true value of the high-grade Arctic deposit which we expect will be the first in a series of potential mines in the Ambler mining district. With the recent announcement that the BLM has initiated the permitting process on the AMDIAP; our recently announced option agreement with South32 whereby they will fund a $10 million program at our Bornite deposit in 2017; and an upswing in demand for copper and zinc, the Company is well positioned to add value for shareholders by advancing development of the Ambler mining district.”