Base Metals

(TheNewswire)



Vancouver, Canada TheNewswire - May 4, 2021 - Metallum Resources Inc. (TSXV:MZN) is pleased to announce that it has engaged the services of DRA Global of Toronto, Ontario to lead the preparation of an NI 43-101 Feasibility Study of the Company's Superior Lake Zinc Project.  DRA Global will be supported by well-established independent engineering and consulting firms, selected on the basis of their extensive regional and global technical experience.

In late 2020 Metallum contracted Dr. Abzalov of Massa Geoservices to complete a Mineral Resource Estimation of the Pick Lake and Winston Lake properties that form the Superior Lake project.  The Resources of the project, estimated at a 3% Zn cut-off grade are listed below:

Classification

Tonnes (Mt.)

Zn(%)

Cu(%)

Au(g/t)

Ag(g/t)

Indicated

2.07

17.9

0.8

0.4

33.6

Inferred

0.27

16.2

1.0

0.3

37.2

Notes to Accompany Mineral Resource Table:

  1. 1. There has been insufficient exploration to define the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

  2. 2. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

  3. 3. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of mineral resources may be materially affected by metallurgical, commercial, environmental, permitting, legal, marketing or other relevant issues

On April 1, 2021, Metallum closed the acquisition of the Superior Lake project.

Kerem Usenmez, President and Chief Executive Officer, commented, "We look forward to the completion of a feasibility study on this high grade resource.  This past producing zinc project, located 20km from the main Trans-Canada Highway and 150km west of Thunder Bay, benefits from established infrastructure, including electrical sub-stations, tailings dam, and all the underground developments. The exceptionally high grade deposit also has historic zinc concentrate at an average of 56%*.   Once we have receipt of the Feasibility Report, we will be able to plan for the Development phase of  the Superior Lake Zinc Project."

* Concentrate recoveries are considered as historic in nature and have not been verified by the Company

Technical Information

All scientific or technical information contained in this news release was reviewed and approved by Robert Middleton, P.Eng., who is a Qualified Person as defined in NI 43-101.

About Metallum

Metallum Resources is a zinc focused, base metal resource company run by a Canadian-based management team with extensive experience in the acquisition, exploration and development of resource properties.  The Company is developing its flagship Superior Lake Zinc Project located in Ontario, Canada.

For further details about the Company and the Superior Lake Project, please visit the Company's website at metallumzinc.com .

ON BEHALF OF THE BOARD

Kerem Usenmez,

President & Chief Executive Officer

Metallum Resources Inc.

Symbol: TSXV-MZN

For further information, contact:

Kerem Usenmez, President & CEO

Tel: 604-688- 5288;  Fax: 604-682-1514

Email: info@metallumzinc.com

Website: metallumzinc.com

Neither the TSXV nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the Company's property exploration and development plans. Often, but not always, these forward looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, whether exploration and development of the Company's properties will proceed as planned; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; risks associated with COVID-19 including adverse impacts on the world economy, exploration efforts and the availability of personnel; and such other risks detailed from time to time in the Company's quarterly and annual filings with securities regulators and available under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company's stated goals and planned exploration and development activities will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

Copyright (c) 2021 TheNewswire - All rights reserved.

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Trevali Reschedules Second Quarter 2022 Financial Results and Conference Call

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) today announced that the filing of its second quarter 2022 operating and financial results for the period ended June 30, 2022 and the accompanying conference call and webcast has been rescheduled.

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The operating and financial results for the first quarter are now expected to be released on Monday, August 15, 2022 after the Toronto Stock Exchange market close.

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The Company will host a conference call and webcast presentation at 1:00PM Eastern Time ( 10:00AM PT ) on Tuesday, August 16, 2022 to review the operating and financial results. Participants are advised to dial-in five minutes prior to the scheduled start time of the call. A presentation will be made available on the Company's website prior to the conference call.

Conference call dial-in details:

Date: Tuesday, August 16, 2022 at 1:00 PM Eastern Time
Dial-in: Toll-free ( North America ): (+1) 888 886 7786
International: (+1) 416 764 8658
Conference ID 80735055
Webcast: https://www.gowebcasting.com/11979

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

SOURCE Trevali Mining Corporation

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