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Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced its plans to undertake a revised Preliminary Economic Assessment study for Halfmile-Stratmat in New Brunswick, Canada.
Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced its plans to undertake a revised Preliminary Economic Assessment study for Halfmile-Stratmat in New Brunswick, Canada.
As quoted in the press release:
Since the original PEA was prepared in 2009, additional information from the Stratmat property is available and the resource sector outlook has also evolved since that time. Therefore, management considers many of the technical inputs and background parameters and assumptions in the existing PEA outdated and inaccurate.
The updated PEA will incorporate the new independent Stratmat resource estimate from SRK Consulting (Canada) Inc. (“SRK”) (see news release TV-NR-15-11, May 20, 2015) as well as additional work programs including geotechnical analysis and metallurgical test work, revised commodity price forecasts, fuel, labour, foreign exchange rates and contractor rates and availability. It will also enable Trevali to utilize hard costs and technical data from its nearby Caribou Zinc mine operation where commissioning has recently commenced (Figure 1).
While the Company intends to advance the PEA for Halfmile-Stratmat, its primary focus remains on its two material projects, namely the Caribou Zinc Mine in New Brunswick, where commissioning is progressing according to schedule, and its Santander Zinc Mine in Peru that is in commercial operation.
A NI 43-101 report of the SRK Stratmat Resource Estimate will be lodged on SEDAR and the Company’s website in due course. As stated above, this report will not carry forward the 2009 Halfmile-Stratmat PEA report.
Click here to read the Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) press release
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