Trevali Increases Resources at Santander Zinc-Lead-Silver Project in Peru

Trevali Resources Corp. (TSX:TV, PINK:TREVF)  announced the results of its’ November 2010 mineral resource update.

The release is quoted as saying:

The updated resource estimate is based on 171 diamond drill holes (with a combined length of approx. 33,240 metres). The resource estimate was conducted by and under the supervision of Kevin Palmer P.Geo., an independent qualified person and Senior Resource Geologist at Golder Associates Ltd. of Burnaby, Canada and utilized a 3% ZnEQ* cut-off grade – which is the nominal base case estimated grade of material that can be mined and processed considering all applicable costs.

Dr. Mark Cruise, President and CEO of the company says:

“The resource estimate greatly increases the size of Santander and highlights the growing potential of the Company’s flagship project.Given the anticipated compressed time-frame to production we are well poised to benefit from forecast base metal, and in particular zinc, price increases going forward due to increasing global demand coupled with the slated closure of several marquee mines worldwide.”

To access the full release, click here.