The Conversation (0)
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) is moving towards a stand-alone mineral processing operations in the Bathurst Mining Camp of New Brunswick, shifting its efforts from short-term toll milling to long-term underground development and mine planning in order to facilitate the anticipated re-start of Caribou Mill in 2013.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) is moving towards a stand-alone mineral processing operations in the Bathurst Mining Camp of New Brunswick, shifting its efforts from short-term toll milling to long-term underground development and mine planning in order to facilitate the anticipated re-start of Caribou Mill in 2013.
As quoted in the press release:
Since the announcement of the transaction to acquire the former Caribou Mill and Mine Complex from Maple Minerals in May 2012 (see NR-12-14 for details) the Company has been working closely with the Province of New Brunswick in order to facilitate re-start of milling operations in a timely manner.
In the intervening period the Company has submitted a ‘stand-alone’ site re-start business plan in addition to a final site closure plan to the Province, and progress to date has been excellent. Trevali and Provincial officials are working towards a definitive agreement whereby the Province will approve Trevali to operate the Caribou site. The Company cautions that the “New Environmental Liability Agreement” is currently being drafted and requires Cabinet-level sign-off, however based on progress to date it is anticipated that Trevali may be in a position to close the transaction by the end of Q3-2012.
Click here to read the Trevali Mining (TSX:TV,OTCQX:TREVF,FWB:4TI) press release
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