Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) intersected significant massive sulphides from its Stratmat Polymetallic Deposit in the Bathurst Mining Camp of New Brunswick, Canada, in a newly discovered copper-gold rich zone. Highlights Include 79-Metre Massive Sulphide Horizon Returning 52.3-Metre Interval of 1.05% Cu and 0.27 g/t Au including 10 Metres at 2.48% Cu and 0.54 g/t Au. The new zone remains open for expansion and has potential for substantial size and grade.
As quoted in the press release:
The new zone is situated between the S1 and Main Zones where there is limited historic diamond drilling. The target was identified from a compilation of historic data coupled with ongoing exploration efforts on the property, principally 3D geological modelling and borehole geophysics. The new zone remains open for expansion and has potential for substantial size and grade. All of the new drill intercepts are outside of the currently defined NI 43-101 inferred resource of 5.5 million tonnes grading 6.1% zinc, 2.6% lead, 0.4% copper, 54 g/T silver and 0.6 g/T gold.
Trevali President and CEO, Dr. Mark Cruise, said;
The fact that after approximately 50-years of property-wide exploration the Trevali exploration team, using the latest exploration technology, can model, predict, target and discover significant new blind massive sulphide mineralization is highly encouraging and bodes well for ongoing future discoveries at Stratmat and within the Bathurst Mining Camp. While our focus and efforts are firmly concentrated on near-term re-start of mining operations at our 3,000 tonne-per-day Caribou Zinc Mine, new discoveries and expansion of our resource base will remain a key driver in our goal to grow the Company’s presence in the region.