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Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) announce an independent mineral resource estimate for its Caribou Deposit in New Brunswick, Canada. Using a 5% ZnEq* cutoff, the estimate returned 7.23 million tonnes grading 6.99% zinc, 2.93% lead, 0.43% copper, 84.43 g/t silver and 0.89 g/t gold in the Measured and Indicated categories and an additional 3.66 million tonnes grading 6.95% zinc, 2.81% lead, 0.32% copper, 78.31 g/t silver and 1.23 g/t gold in the Inferred category.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) announce an independent mineral resource estimate for its Caribou Deposit in New Brunswick, Canada. Using a 5% ZnEq* cutoff, the estimate returned 7.23 million tonnes grading 6.99% zinc, 2.93% lead, 0.43% copper, 84.43 g/t silver and 0.89 g/t gold in the Measured and Indicated categories and an additional 3.66 million tonnes grading 6.95% zinc, 2.81% lead, 0.32% copper, 78.31 g/t silver and 1.23 g/t gold in the Inferred category.
As quoted in the press release:
Using a 5% ZnEq* cutoff, the estimate prepared by SRK Consulting (Canada) Inc. returned 7.23 million tonnes grading 6.99% zinc, 2.93% lead, 0.43% copper, 84.43 g/t silver and 0.89 g/t gold in the Measured and Indicated categories and an additional 3.66 million tonnes grading 6.95% zinc, 2.81% lead, 0.32% copper, 78.31 g/t silver and 1.23 g/t gold in the Inferred category (Table 1 & Figure 1). The deposit remains open for expansion at depth and along strike, and the Company considers the exploration potential excellent.
The deposit also contains potentially significant copper and gold mineralization. Data analysis indicates that the gold may be under-estimated as it was not routinely analyzed in historic drill holes. Of the 4,136 assay intervals in the drill hole database that are located within a lens, only 963 samples were assayed for gold. The average of these 963 samples is 1.67 g/t gold.
Trevali President and CEO Dr. Mark Cruise said:
This resource estimate is an important milestone for Trevali and our growth plans for the Bathurst Mining Camp. Besides the important addition of gold and copper to the estimate, the study has highlighted the very significant exploration potential of the property.
Click here to read the Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) press release
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