Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) announced an independent National Instrument 43-101 mineral resource estimate update for Santander: Lead increases 162% to 121 million lbs, Zinc increases 162% to 1.41 billion lbs, and Silver increases 194% to 9.4 million ounces.
As quoted in the press release:
In detail, Trevali’s 2011 drill campaign successfully defined an additional 3.94 million new inferred tonnes (3% ZnEQ* cut-off) within the Magistral Central-South deposits where drilling confirmed that the two deposits merge at depth (Figure 3). The new global estimated inferred tonnage for the Magistral deposits has now increased to 5.41 million tonnes with an average grade of 4.44% zinc, 22 g/t silver, 0.47% lead and 0.08% copper at 3% ZnEQ* cut-off – an increase of 269% (Table 2).
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