Trevali Mining Corporation

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Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, the 90% owned Rosh Pinah mine in Namibia and the 90% owned Perkoa mine in Burkina Faso.

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Trevali Mining Corporation

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Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned C......

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patfest posted an update in TREVALI MINING CORPORATION

13 days ago

Nice to see the Santander mine continues to operate, and do it safely, under the state of emergency imposed by the Peruvian government

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8020 Admin

30 days ago

8020 Admin posted a press release Trevali Announces Management Change in TREVALI MINING CORPORATION


VANCOUVER, British Columbia, March 03, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today announced that Gerbrand Van Heerden has departed as Trevali’s Chief Financial Officer. Mr. Van Heerden served as CFO since June 1, 2018 and as Trevali’s Senior Vice President, Business Initiatives and Development from January 2018 to May 2018, having previously served as the Chief Financial Officer at Trevali’s Rosh Pinah mine in Namibia.


The Company also announced that Matthew Quinlan has been appointed Interim Chief Financial Officer after having supported Trevali in a consulting capacity over the last 5 months. Mr. Quinlan has 20 years of experience in finance, capital markets and the global mining industry, serving most recently as Chief Financial Officer of Dominion Diamond Corporation and prior to that as Managing Director & Co-Head of CIBC’s Global Mining Investment Banking group.


“On behalf of the entire Trevali team, I thank Gerbrand for his commitment to the company since joining as part of the acquisition of the Rosh Pinah and Pekoa mines.  He was essential in introducing the two operations into the existing Trevali portfolio. We wish him well in his future endeavours,” said Ricus Grimbeek, President and Chief Executive Officer.


A search for a new Chief Financial Officer will commence in the near term.


ABOUT TREVALI


Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned Santander Mine in Peru. In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada, and the past-producing Ruttan Mine in northern Manitoba, Canada. Trevali also owns an effective 44%-interest in the Gergarub Project in Namibia, as well as an option to acquire a 100% interest in the Heath Steele deposit located in New Brunswick, Canada.


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.


Investor Relations Contact:
Brendan Creaney – Vice President, Investor Relations
Email: bcreaney@trevali.com
Phone: +1 (778) 655-6070


Cautionary Note Regarding Forward-Looking Information and Statements


This news release contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. Forward-looking statements relate to future events or future performance and reflect management’s expectations or beliefs regarding future events including, but not limited to, statements with respect to the appointment of a permanent Chief Financial Officer, the Company’s growth strategies and planned development activities. By their very nature, 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 future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to management and organizational changes, the ability to optimize and grow the assets and operations of the Company, and other risks and uncertainties that are more fully described in the Company’s annual information form, interim and annual audited consolidated financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review 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 not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


Source: Trevali Mining Corporation


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8020 Admin

1 month ago

8020 Admin posted a press release Trevali Announces Drill Results Extending the Western Orefield Deposit at Rosh Pinah at Depth and Along Strike in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces results from the 2019 exploration program at Rosh Pinah with a high grade extension to WF3 identified to the South.


“We are encouraged by the results from the exploration program at Rosh Pinah and the ability to keep intersecting high grade zones at the Western Orefield and extending the deposit further North,” commented Yan Bourassa, Vice-President of Exploration and Mineral Resources at Trevali Mining. “The continued ability to increase the Mineral Resource base at Rosh Pinah and extending the deposit indicates the quality of the orebody and demonstrates the team’s ability to support Trevali’s long term strategy of growth at Rosh Pinah.”


Highlights



  • Exploration hole U3373 intersected 19.99 metres at 7.2% Zn, 1.8% Pb including 3 metres at 14.2% Zn & 57.81m at 9.2% Zn 3.3% Pb 43.4g/t Ag including 30.44 metres at 12.7% Zn, 5% Pb & 72.6g/t Ag.

  • Exploration hole U3372 intersected 38.77 metres at 9.5% Zn, 2.3% Pb, 12.8g/t Ag including 9.15 metres at 15.4% Zn, 5.2% Pb, 28.2g/t Ag (exploration).

  • Infill hole U3351 intersected 32.05 metres at 8.9% Zn, 0.7% Pb, 10.65g/t Ag including 6 metres at 15.9% Zn, 0.6% Pb, 10.8g/t Ag & 44.75 metres at 11.19% Zn, 0.46% Pb, 1% Cu, 14.7g/t Ag including 15.5m at 14.51% Zn, 0.9% Pb, 17g/t Ag & 43.85 metres at 9.95% Zn, 0.9% Pb, 8.2g/t Ag including 7.45 metres at 20.62% Zn, 0.3% Pb, 11.8g/t Ag.


2019 Exploration Strategy


During 2019, the exploration team has focused on fully exploiting the wealth of historic data accumulated over 50 years of continuous mining, including by identifying in-mine targets that were previously sporadically explored. Continued system analysis and structural reinterpretation is helping to improve the understanding of the Rosh Pinah mineralizing system and assist with targeting. The Rosh Pinah mineralisation was long thought to be hosted exclusively along a single horizon; however by challenging these perceptions, new opportunities are being identified.


In-Mine Exploration


The Western Orefield 3 (WF3), the largest single zone within the Rosh Pinah mine, was previously considered closed along strike to the South East. Following structural reinterpretation, drillholes U3372 & U3373 were drilled to the SE of existing resources, intersecting multiple zones of polymetallic mineralisation.


U3373 returned 57.81m at 9.2% Zn 3.3% Pb 43.4g/t Ag including 30.44 metres at 12.7% Zn, 5% Pb & 72.6g/t Ag. This broad zone of high grade mineralisation was hosted within barite and carbonated ore, a favorable mineralization style for the plant characterized by high recoveries. This zone is located at the contact between an arkose and a limestone horizon with significant barite and carbonate replacement. The Zn mineralisation is characterized by white-yellow colored Sphalerite generally observed at the high grade Eastern and Southern Orefields, the highest-grade mineralized zones within the Rosh Pinah mine, but rarely observed within the Western Orefield orebodies.


Exploration hole U3372 intersected 38.77 metres at 9.5% Zn, 2.3% Pb, 12.8g/t Ag including 9.15 metres at 15.4% Zn, 5.2% Pb, 28.2g/t Ag. These holes are thought to have intersected mineralisation within the hinge portion of a synform fold. Structural remobilization is an important control on the Rosh Pinah mineralization with folds noses and hinges being associated with high grade zones.


Figure 1: Showing a long section of WF3 and the location of recent intersects which have potential to extend the resources is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6887092c-ee26-4f7a-b4ea-c318daf8fff2


These holes demonstrate that there is great potential for new high grade, polymetallic tonnes at Rosh Pinah. This newly identified high grade zone remains open to the South East and North West and will be the major target for 2020 Q1.


During 2019, several priority in-mine exploration targets were identified which are being reassessed by relogging and structural analysis. This Southern extension to WF3 was the first of the in-mine targets to be tested.


Indicated Infill Drilling


Ongoing indicated drilling targeting the center of the WF3 has also continued to intersect good mineralisation. U3351 multiple zones of broad mineralisation; 32.05 metres at 8.9% Zn, 0.7% Pb, 10.65g/t Ag including  6 metres at 15.9% Zn, 0.6% Pb, 10.8g/t Ag & 44.75 metres at 11.19% Zn, 0.46% Pb, 1% Cu, 14.7g/t Ag including 15.5m at 14.51% Zn, 0.9% Pb, 17g/t Ag & 43.85 metres at 9.95% Zn, 0.9% Pb, 8.2g/t Ag including 7.45 metres at 20.62% Zn, 0.3% Pb, 11.8g/t Ag. The mineralisation in this hole was hosted within argillite with the presence of massive barite and carbonate replacement, locally developing into massive sulphide. Although infill drilling, these intersects were broader than the previous resource model predicted and are expected to result in increased tonnages.


Regional Exploration


Regional exploration has focused on the corridor between the Western Orefield and the Gergarub deposit which is located 10km to the North West of Rosh Pinah. The Western Orefield is open along strike to the NW and eight exploration holes have been completed from surface targeting this extension, seven of which intersected the mineralized horizon. MGD159, intersected 6.5m at 5.6% Zn+Pb & 6.1m at 5.9% Zn along the main argillite host horizon. This intersection is located 200m away from the last fully defined resources.


The same argillite hosted mineralized horizon was intersected 400m further North of MGD159, however the grade is weakening. Nevertheless, MGD164 intersected a 125m thick rhyolite dome, with strong sericite-chlorite alteration with low grade stringer style Sphalerite mineralisation throughout the dome. This rhyolite is located to the East of the main Western Orefield corridor. The identification of a new highly altered rhyolite dome cross cut by sphalerite feeder veins in an area of limited drilling, represents another strong exploration target for 2020.


Figure 2: Showing a Plan View of the regional exploration covering the prospective trend between Rosh Pinah and Gergarub is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/10366927-0397-4dcc-9d6f-e6631f978a36


Along with drilling, several Fluxgate electro-magnetic (EM) surveys were conducted in 2019 and are currently ongoing covering the prospective Rosh Pinah - Gergarub corridor. There has been no historic drilling between the Rosh Pinah mine and Gergarub deposit, which share geological features, and this ground is considered highly prospective. During 2019, 50% of this corridor was covered with ground EM surveys. These surveys have identified 4 new conductors in favorable geological settings along strike from anomalous surface geochemistry. These discrete conductive targets will be drill tested in 2020 and the ground EM surveys will continue towards Gergarub.


Table 1: Summary of Length and SG weighted drill hole assay results from Rosh Pinah during 2019.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TV%3ACA&qmodStoryID=4701989144905036 

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8020 Admin

2 months ago

8020 Admin posted a press release Trevali Exceeds 2019 Production Guidance, Achieves Record Annual Zinc Production and Provides 2020 Guidance in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; OTCQX: TREVF) is pleased to release preliminary fourth quarter (“Q4”) and full year production results for 2019 and provides 2020 operating, capital and exploration expenditure guidance. All financial figures are in U.S. dollars.


Ricus Grimbeek, Trevali’s President and CEO stated, “In 2019 we started the transformation of Trevali. The Company meaningfully beat annual production guidance, the board was refreshed, a new senior management team was assembled, and we launched the T90 Program to modernize our operations and bring them down the cost curve. The Company is well positioned to be a 400-million-pound annual zinc producer with a reducing cost profile until 2022 when we intend to make a step change in production and cost as the RP2.0 Expansion Project at Rosh Pinah in Namibia is commissioned.”


Key 2019 Highlights Include:



  • Marked improvement to safety performance having reduced the Total Recordable Injury Frequency Rate by 46% in 2019 compared to 2018.


  • Exceeded 2019 zinc production guidance by producing a record annual 417 million payable pounds of zinc in 2019.


  • Total lead and silver production also exceeded 2019 guidance with 50 million payable pounds of lead and 1,489 thousand payable ounces of silver produced in 2019.


  • Refreshed the board of directors and introduced a new senior management team.


  • Launched the T90 Program inclusive of the Digital Transformation Program aimed at realizing $50 million in annual sustainable efficiencies and reducing All-In Sustaining Cost1 (“AISC”) to $0.90 per pound of zinc by the beginning of 2022.


  • Published Trevali’s inaugural annual Sustainability Report.


  • Advanced the RP2.0 Expansion Project with an investment decision poised for Q1 2020.


  • Completed the Rosh Pinah filtration & grinding upgrade project on time and on budget.


  • Discovered a third VMS lens at Perkoa below the existing mining horizons named “T3”.


  • Paid down debt of $70 million in 2019.


  • Repurchased 28.6 million shares as part of the normal course issuer bid since November 2018.


2020 Catalysts and Key Drivers



  • T90 Program: Results of the T90 Program will be highlighted and reflected in our production and financials throughout 2020.


  • RP2.0 Expansion Project: Trevali plans on publishing a pre-feasibility study by the end of Q1 2020 to support the initial long lead procurement investment decision which will be followed by the full feasibility study in Q4 2020. The feasibility study will be used to support the full execution funding decision.


  • 2019 Mineral Resources and Reserves Statement: The annual statement will be published by the end of Q1 2020.


  • 2020 Sustainability Report: The report will be published in Q2 2020 and will provide an update on the progress of our sustainability programs and initiatives as part of Trevali’s commitment to be a leader in sustainability and to providing transparency in the areas of environment, social and governance.


  • Perkoa T3 drilling program: Drilling of the 2019 discovery of T3 – the third VMS lens at Perkoa – will advance along with regional targets.


  • Santander Pipe: Infill drilling of the Santander Pipe in Peru will continue in 2020. An internal preliminary economic assessment is expected to be completed by the end of Q4 2020 which will evaluate the economic viability of incorporating the Santander Pipe ore into the existing operation.


Q4 2019 and Full Year 2019 Preliminary Production Results & 2020 Production Guidance


Total zinc production from operations totaled 105 million pounds for Q4 2019 and an annual record of 417 million pounds for the full year, exceeding the Company's annual guidance of between 361 to 401 million pounds of zinc production. Lead and silver production for 2019 also exceeded guidance at 50 million pounds and 1,489 thousand ounces of production respectively.


Consolidated production guidance for 2020 is estimated between 380 – 410 million pounds of payable zinc, 51 – 57 million pounds of payable lead and 1,440 – 1,580 thousand ounces of payable silver.


Table 1: Preliminary Consolidated 2019 Production Results and 2020 Production Guidance (2&3)


Read more here: https://quotemedia.com/portal/quote?qm_symbol=TV%3ACA&qmodStoryID=7434440236727390 

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8020 Admin

3 months ago

8020 Admin posted a press release Trevali Announces Drill Results along the North Limb at Caribou Mine Extending Mineralization to the North in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; OTCQX: TREVF) is pleased to announce results from the 2019 infill drill program at the Caribou Zinc-Lead-Silver Mine in the Bathurst Mining Camp, New Brunswick, Canada. The surface drilling campaign, which focused on delineation and conversion of Inferred Mineral Resources to Indicated Mineral Resources north of current Mineral Reserves, has intersected several zones of economical Zn-Pb-Ag mineralization. This indicates that mineralization, is wider than previously interpreted in portions of the North Limb and continues at mineable depths towards the north.


Highlights



  • Hole BR-1047 intersected 4.19 metres at 7.91% Zn, 2.54% Pb and 66.50 g/t Ag.

  • Hole BR-1047A intersected 23.00 metres at 5.84% Zn, 1.93% Pb and 69.25 g/t Ag.

  • Hole BR-1047B intersected 29.01 metres at 6.24% Zn, 2.33% Pb and 63.05 g/t Ag.

  • Hole BR-1048 intersected 68.74 metres at 7.19% Zn, 2.57% Pb, and 86.45 g/t Ag.

  • Hole BR-1048A intersected 9.00 metres at 7.11% Zn, 2.86% Pb, and 82.69 g/t Ag.


Caribou North Limb delineation


During the fall of 2019, Trevali completed 3,815 metres of drilling on the Caribou North Limb, with the goal of increasing confidence in the geological model. Previous drilling campaigns by Trevali in this area had intersected locally higher-grade mineralization, notably in drill holes BR-1014A and BR-1030. The northern portion of Caribou North Limb was classified as Inferred Mineral Resources and a surface drilling campaign was completed with the focus on upgrading the Mineral Resource to Indicated near to planned mine development as well as testing areas around previous well-mineralized drill intercepts.


Figure 1: 3-D view of North Limb of the Caribou deposit, looking east with 2019 Trevali drilling along with 2018 year-end Mineral Resource classification is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0fc83de-687b-4c97-adca-f0ebc99516df


Assay results from the drill program are summarized in Table 1. The drill program is expected to further increase the geological confidence of the currently defined Inferred Mineral Resource on the North Limb and will support long term mine development decisions.  Of particular note are holes BR-1047A, BR-1047B, BR-1048, and BR-1048A which help to define a zone of thick (±15-30m) and higher-grade (>7.5% Zn+Pb) mineralization around 2015 drill hole BR-1014A (2015-04-16_NR), see Figure 1. The large Inferred Mineral Resource currently defined on the northern portion of the North Limb requires further definition drilling to delineate its extents towards along strike as well as at depth.


Table 1: Summary of 2019 Caribou North Limb drill hole assay results. Length and SG weighted assay composites.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TV%3ACC&qmodStoryID=8167037523593609 

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8020 Admin

4 months ago

8020 Admin posted a press release Trevali Announces Drill Results For the Newly Discovered T3 Horizon at the Perkoa Mine and Updates on Regional Exploration and the Hanging Wall Lens Infill Programs in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces additional details from the 2019 exploration and mineral resource expansion program on the discovery of the new volcanogenic massive sulphide (VMS) lens at the Perkoa Mine, Burkina Faso. To date, the new massive VMS lens has been intersected in multiple drill holes including PUX021 which intersected 3.42 metres at 13.8% Zn while distal alteration and disseminated mineralization can be traced at least 300 m to the southwest from drill hole PUX020. The mineralization is open along strike and at depth down plunge with exploration drilling currently ongoing.


“We are encouraged by the results from the exploration program along the Perkoa T3 horizon,” commented Yan Bourassa, Vice-President of Mineral Resource Management at Trevali. “We are still early in the exploration program of the T3 horizon and our latest drill hole, PUX021, intersected high-grade on the most northern hole drilled to date. Geochemical vectors are getting stronger as drilling moves towards the northeast indicating that the early intercepts could represent the edge of a larger system.”


Highlights



  • Hole PUX021 intersected 3.42 metres at 13.8% Zn, including 1.66 metres at 19.4% Zn.

  • Hole PUX020a intersected 6.80 metres at 6.4% Zn, including 1.50 metres at 9.5% Zn.

  • T3 horizon has been intersected over 400 metres along strike.


Perkoa Discovery


Following the acquisition of the Perkoa mine in August 2017, Trevali recognized the strength of the mineralizing system and targeted expanding Perkoa from a two lens mine into a multi-horizon system. In late 2018, a hole drilled into the Perkoa hanging wall (PUX012) intersected a subtle geochemical anomaly; the first indication of the T3 horizon. By following this geochemical feature, with secondary support from down hole electro-magnetics (DHEM), massive to semi massive sulphide was intersected in PUX020a returning 6.8 metres at 6.4% Zn including 1.5 metres at 9.5% Zn, indicating the high-grade potential.


The follow-up hole PUX021 intersected only anomalous mineralization around the T3 horizon. However, the hole was continued and intersected a second mineralized horizon, which contained massive sulphide over 3.42 metres at 13.8% Zn, including 1.66 metres at 19.4% Zn, approximately 980 metres below surface. System analysis suggests that this second horizon is the same as the massive sulphide horizon seen in PUX020a, but offset approximately 50 metres by a fault.


Figure 1: Plan view of the Perkoa T3 horizon exploration drilling is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0f66bfd-78fc-44fa-b222-7e6bd93b5e8a


The earlier exploration holes (PUX012, 010a, 013 & 019) all intersected a chemical marker horizon (CMH) which is interpreted as a hanging wall exhalative, a common feature which forms an extensive blanket cover, over VMS deposits. The horizon was traced for over 400 metres before the blind T3 VMS was discovered. The T3 discovery validates and demonstrates the efficiency of the geochemical vectors which are also applied to regional exploration. The VMS mineralization intersected to date is comparable visually and texturally to the Perkoa high-grade Main and Hanging Wall lenses. Exploration of the T3 horizon is at an early stage, but the horizon is open along strike and down-plunge at depth.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=TV%3ACA&qmodStoryID=7497693535073523 

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8020 Admin

4 months ago

8020 Admin posted a press release Trevali Announces Renewal of Normal Course Issuer Bid in TREVALI MINING CORPORATION


VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Trevali of its intention to implement a normal course issuer bid.


The NCIB will commence on December 3, 2019 and terminate on the earlier of (i) December 2, 2020 and (ii) the date on which the maximum number of common shares that can be acquired pursuant to the NCIB are purchased. All purchases made pursuant to the NCIB will be made through the facilities of the TSX or alternative Canadian trading systems, in open market transactions or by such other means as may be permitted by the TSX and under applicable securities laws. The price that Trevali will pay for common shares in open market transactions will be the market price at the time of purchase, and all common shares purchased by Trevali pursuant to the NCIB will be cancelled.


Trevali may purchase up to a total of 50,000,000 common shares under the NCIB (representing approximately 8.5% of Trevali’s “public float” (calculated in accordance with the rules of the TSX). In accordance with TSX rules, any daily purchases (other than pursuant to a block purchase exemption) on the TSX under the NCIB are limited to a maximum of 249,556 common shares, which represents 25% of the average daily trading volume on the TSX for the six months ended October 31, 2019.


Trevali has also renewed its automatic share purchase plan (“ASPP”) with its designated broker to allow for the repurchase of shares under the NCIB, once effective, at times when Trevali would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods. Before entering a blackout period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by Trevali in accordance with the rules of the TSX, applicable securities laws and the terms of the ASPP.  Outside of these black-out periods, common shares will be purchasable by Trevali at its discretion under its NCIB, once effective.


The ASPP will commence on the effective date of the NCIB and will terminate on the earliest of the date on which: (i) the purchase limit under the NCIB has been reached; (ii) the NCIB expires; and (iii) the Company terminates the ASPP in accordance with its terms. The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws.


Under its previous NCIB, Trevali purchased a total of 28,634,500 common shares (of a maximum of 40,000,000 common shares) for cancellation at a weighted average price of $0.31 per share, through the facilities of the TSX and alternative Canadian trading systems. As of November 27, 2019, there are 802,561,585 common shares outstanding.


OUR BUSINESS


Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned Santander Mine in Peru. In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada, and the past-producing Ruttan Mine in northern Manitoba, Canada. Trevali also owns an effective 44%- interest in the Gergarub Project in Namibia, as well as an option to acquire a 100% interest in the Heath Steele deposit located in New Brunswick, Canada. 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.


Investor Relations Information


Brendan Creaney – Vice President, Investor Relations
Email: bcreaney@trevali.com
Phone: +1 (604) 638-5623


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION


This news release contains “forward-looking information” within the meaning of the Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. Forward-looking statements express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. Such forward-looking statements and information include, but are not limited to, statements as to the Company’s intentions regarding the normal course issuer bid, and the number of common shares that might be purchased by the Company under the normal course issuer bid and the terms and conditions of any such purchases.


These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. If any assumptions are untrue, it could cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such statements. Assumptions have been made regarding, among other things, present and future business strategies and the environment in which the Company will operate in the future, including commodity prices, anticipated costs and ability to achieve goals. By their very nature, 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 future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the ability to acquire common shares in the market through the normal course issuer bid and in compliance with regulatory requirements; share price volatility; availability of funds to purchase shares under the normal course issuer bid, as well as other risks as more fully described in the Company’s annual information form, interim and annual audited consolidated financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review 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 not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


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Trevali Mining Corporation

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Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, the 90% owned Rosh Pinah mine in Namibia and the 90% owned Perkoa mine in Burkina Faso.

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Trevali Mining Corporation

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Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned C......

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patfest posted an update in TREVALI MINING CORPORATION

13 days ago

Nice to see the Santander mine continues to operate, and do it safely, under the state of emergency imposed by the Peruvian government

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8020 Admin

30 days ago

8020 Admin posted a press release Trevali Announces Management Change in TREVALI MINING CORPORATION


VANCOUVER, British Columbia, March 03, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today announced that Gerbrand Van Heerden has departed as Trevali’s Chief Financial Officer. Mr. Van Heerden served as CFO since June 1, 2018 and as Trevali’s Senior Vice President, Business Initiatives and Development from January 2018 to May 2018, having previously served as the Chief Financial Officer at Trevali’s Rosh Pinah mine in Namibia.


The Company also announced that Matthew Quinlan has been appointed Interim Chief Financial Officer after having supported Trevali in a consulting capacity over the last 5 months. Mr. Quinlan has 20 years of experience in finance, capital markets and the global mining industry, serving most recently as Chief Financial Officer of Dominion Diamond Corporation and prior to that as Managing Director & Co-Head of CIBC’s Global Mining Investment Banking group.


“On behalf of the entire Trevali team, I thank Gerbrand for his commitment to the company since joining as part of the acquisition of the Rosh Pinah and Pekoa mines.  He was essential in introducing the two operations into the existing Trevali portfolio. We wish him well in his future endeavours,” said Ricus Grimbeek, President and Chief Executive Officer.


A search for a new Chief Financial Officer will commence in the near term.


ABOUT TREVALI


Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned Santander Mine in Peru. In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada, and the past-producing Ruttan Mine in northern Manitoba, Canada. Trevali also owns an effective 44%-interest in the Gergarub Project in Namibia, as well as an option to acquire a 100% interest in the Heath Steele deposit located in New Brunswick, Canada.


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.


Investor Relations Contact:
Brendan Creaney – Vice President, Investor Relations
Email: bcreaney@trevali.com
Phone: +1 (778) 655-6070


Cautionary Note Regarding Forward-Looking Information and Statements


This news release contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. Forward-looking statements relate to future events or future performance and reflect management’s expectations or beliefs regarding future events including, but not limited to, statements with respect to the appointment of a permanent Chief Financial Officer, the Company’s growth strategies and planned development activities. By their very nature, 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 future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to management and organizational changes, the ability to optimize and grow the assets and operations of the Company, and other risks and uncertainties that are more fully described in the Company’s annual information form, interim and annual audited consolidated financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review 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 not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


Source: Trevali Mining Corporation


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8020 Admin

1 month ago

8020 Admin posted a press release Trevali Announces Drill Results Extending the Western Orefield Deposit at Rosh Pinah at Depth and Along Strike in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces results from the 2019 exploration program at Rosh Pinah with a high grade extension to WF3 identified to the South.


“We are encouraged by the results from the exploration program at Rosh Pinah and the ability to keep intersecting high grade zones at the Western Orefield and extending the deposit further North,” commented Yan Bourassa, Vice-President of Exploration and Mineral Resources at Trevali Mining. “The continued ability to increase the Mineral Resource base at Rosh Pinah and extending the deposit indicates the quality of the orebody and demonstrates the team’s ability to support Trevali’s long term strategy of growth at Rosh Pinah.”


Highlights



  • Exploration hole U3373 intersected 19.99 metres at 7.2% Zn, 1.8% Pb including 3 metres at 14.2% Zn & 57.81m at 9.2% Zn 3.3% Pb 43.4g/t Ag including 30.44 metres at 12.7% Zn, 5% Pb & 72.6g/t Ag.

  • Exploration hole U3372 intersected 38.77 metres at 9.5% Zn, 2.3% Pb, 12.8g/t Ag including 9.15 metres at 15.4% Zn, 5.2% Pb, 28.2g/t Ag (exploration).

  • Infill hole U3351 intersected 32.05 metres at 8.9% Zn, 0.7% Pb, 10.65g/t Ag including 6 metres at 15.9% Zn, 0.6% Pb, 10.8g/t Ag & 44.75 metres at 11.19% Zn, 0.46% Pb, 1% Cu, 14.7g/t Ag including 15.5m at 14.51% Zn, 0.9% Pb, 17g/t Ag & 43.85 metres at 9.95% Zn, 0.9% Pb, 8.2g/t Ag including 7.45 metres at 20.62% Zn, 0.3% Pb, 11.8g/t Ag.


2019 Exploration Strategy


During 2019, the exploration team has focused on fully exploiting the wealth of historic data accumulated over 50 years of continuous mining, including by identifying in-mine targets that were previously sporadically explored. Continued system analysis and structural reinterpretation is helping to improve the understanding of the Rosh Pinah mineralizing system and assist with targeting. The Rosh Pinah mineralisation was long thought to be hosted exclusively along a single horizon; however by challenging these perceptions, new opportunities are being identified.


In-Mine Exploration


The Western Orefield 3 (WF3), the largest single zone within the Rosh Pinah mine, was previously considered closed along strike to the South East. Following structural reinterpretation, drillholes U3372 & U3373 were drilled to the SE of existing resources, intersecting multiple zones of polymetallic mineralisation.


U3373 returned 57.81m at 9.2% Zn 3.3% Pb 43.4g/t Ag including 30.44 metres at 12.7% Zn, 5% Pb & 72.6g/t Ag. This broad zone of high grade mineralisation was hosted within barite and carbonated ore, a favorable mineralization style for the plant characterized by high recoveries. This zone is located at the contact between an arkose and a limestone horizon with significant barite and carbonate replacement. The Zn mineralisation is characterized by white-yellow colored Sphalerite generally observed at the high grade Eastern and Southern Orefields, the highest-grade mineralized zones within the Rosh Pinah mine, but rarely observed within the Western Orefield orebodies.


Exploration hole U3372 intersected 38.77 metres at 9.5% Zn, 2.3% Pb, 12.8g/t Ag including 9.15 metres at 15.4% Zn, 5.2% Pb, 28.2g/t Ag. These holes are thought to have intersected mineralisation within the hinge portion of a synform fold. Structural remobilization is an important control on the Rosh Pinah mineralization with folds noses and hinges being associated with high grade zones.


Figure 1: Showing a long section of WF3 and the location of recent intersects which have potential to extend the resources is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6887092c-ee26-4f7a-b4ea-c318daf8fff2


These holes demonstrate that there is great potential for new high grade, polymetallic tonnes at Rosh Pinah. This newly identified high grade zone remains open to the South East and North West and will be the major target for 2020 Q1.


During 2019, several priority in-mine exploration targets were identified which are being reassessed by relogging and structural analysis. This Southern extension to WF3 was the first of the in-mine targets to be tested.


Indicated Infill Drilling


Ongoing indicated drilling targeting the center of the WF3 has also continued to intersect good mineralisation. U3351 multiple zones of broad mineralisation; 32.05 metres at 8.9% Zn, 0.7% Pb, 10.65g/t Ag including  6 metres at 15.9% Zn, 0.6% Pb, 10.8g/t Ag & 44.75 metres at 11.19% Zn, 0.46% Pb, 1% Cu, 14.7g/t Ag including 15.5m at 14.51% Zn, 0.9% Pb, 17g/t Ag & 43.85 metres at 9.95% Zn, 0.9% Pb, 8.2g/t Ag including 7.45 metres at 20.62% Zn, 0.3% Pb, 11.8g/t Ag. The mineralisation in this hole was hosted within argillite with the presence of massive barite and carbonate replacement, locally developing into massive sulphide. Although infill drilling, these intersects were broader than the previous resource model predicted and are expected to result in increased tonnages.


Regional Exploration


Regional exploration has focused on the corridor between the Western Orefield and the Gergarub deposit which is located 10km to the North West of Rosh Pinah. The Western Orefield is open along strike to the NW and eight exploration holes have been completed from surface targeting this extension, seven of which intersected the mineralized horizon. MGD159, intersected 6.5m at 5.6% Zn+Pb & 6.1m at 5.9% Zn along the main argillite host horizon. This intersection is located 200m away from the last fully defined resources.


The same argillite hosted mineralized horizon was intersected 400m further North of MGD159, however the grade is weakening. Nevertheless, MGD164 intersected a 125m thick rhyolite dome, with strong sericite-chlorite alteration with low grade stringer style Sphalerite mineralisation throughout the dome. This rhyolite is located to the East of the main Western Orefield corridor. The identification of a new highly altered rhyolite dome cross cut by sphalerite feeder veins in an area of limited drilling, represents another strong exploration target for 2020.


Figure 2: Showing a Plan View of the regional exploration covering the prospective trend between Rosh Pinah and Gergarub is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/10366927-0397-4dcc-9d6f-e6631f978a36


Along with drilling, several Fluxgate electro-magnetic (EM) surveys were conducted in 2019 and are currently ongoing covering the prospective Rosh Pinah - Gergarub corridor. There has been no historic drilling between the Rosh Pinah mine and Gergarub deposit, which share geological features, and this ground is considered highly prospective. During 2019, 50% of this corridor was covered with ground EM surveys. These surveys have identified 4 new conductors in favorable geological settings along strike from anomalous surface geochemistry. These discrete conductive targets will be drill tested in 2020 and the ground EM surveys will continue towards Gergarub.


Table 1: Summary of Length and SG weighted drill hole assay results from Rosh Pinah during 2019.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TV%3ACA&qmodStoryID=4701989144905036 

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8020 Admin

2 months ago

8020 Admin posted a press release Trevali Exceeds 2019 Production Guidance, Achieves Record Annual Zinc Production and Provides 2020 Guidance in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; OTCQX: TREVF) is pleased to release preliminary fourth quarter (“Q4”) and full year production results for 2019 and provides 2020 operating, capital and exploration expenditure guidance. All financial figures are in U.S. dollars.


Ricus Grimbeek, Trevali’s President and CEO stated, “In 2019 we started the transformation of Trevali. The Company meaningfully beat annual production guidance, the board was refreshed, a new senior management team was assembled, and we launched the T90 Program to modernize our operations and bring them down the cost curve. The Company is well positioned to be a 400-million-pound annual zinc producer with a reducing cost profile until 2022 when we intend to make a step change in production and cost as the RP2.0 Expansion Project at Rosh Pinah in Namibia is commissioned.”


Key 2019 Highlights Include:



  • Marked improvement to safety performance having reduced the Total Recordable Injury Frequency Rate by 46% in 2019 compared to 2018.


  • Exceeded 2019 zinc production guidance by producing a record annual 417 million payable pounds of zinc in 2019.


  • Total lead and silver production also exceeded 2019 guidance with 50 million payable pounds of lead and 1,489 thousand payable ounces of silver produced in 2019.


  • Refreshed the board of directors and introduced a new senior management team.


  • Launched the T90 Program inclusive of the Digital Transformation Program aimed at realizing $50 million in annual sustainable efficiencies and reducing All-In Sustaining Cost1 (“AISC”) to $0.90 per pound of zinc by the beginning of 2022.


  • Published Trevali’s inaugural annual Sustainability Report.


  • Advanced the RP2.0 Expansion Project with an investment decision poised for Q1 2020.


  • Completed the Rosh Pinah filtration & grinding upgrade project on time and on budget.


  • Discovered a third VMS lens at Perkoa below the existing mining horizons named “T3”.


  • Paid down debt of $70 million in 2019.


  • Repurchased 28.6 million shares as part of the normal course issuer bid since November 2018.


2020 Catalysts and Key Drivers



  • T90 Program: Results of the T90 Program will be highlighted and reflected in our production and financials throughout 2020.


  • RP2.0 Expansion Project: Trevali plans on publishing a pre-feasibility study by the end of Q1 2020 to support the initial long lead procurement investment decision which will be followed by the full feasibility study in Q4 2020. The feasibility study will be used to support the full execution funding decision.


  • 2019 Mineral Resources and Reserves Statement: The annual statement will be published by the end of Q1 2020.


  • 2020 Sustainability Report: The report will be published in Q2 2020 and will provide an update on the progress of our sustainability programs and initiatives as part of Trevali’s commitment to be a leader in sustainability and to providing transparency in the areas of environment, social and governance.


  • Perkoa T3 drilling program: Drilling of the 2019 discovery of T3 – the third VMS lens at Perkoa – will advance along with regional targets.


  • Santander Pipe: Infill drilling of the Santander Pipe in Peru will continue in 2020. An internal preliminary economic assessment is expected to be completed by the end of Q4 2020 which will evaluate the economic viability of incorporating the Santander Pipe ore into the existing operation.


Q4 2019 and Full Year 2019 Preliminary Production Results & 2020 Production Guidance


Total zinc production from operations totaled 105 million pounds for Q4 2019 and an annual record of 417 million pounds for the full year, exceeding the Company's annual guidance of between 361 to 401 million pounds of zinc production. Lead and silver production for 2019 also exceeded guidance at 50 million pounds and 1,489 thousand ounces of production respectively.


Consolidated production guidance for 2020 is estimated between 380 – 410 million pounds of payable zinc, 51 – 57 million pounds of payable lead and 1,440 – 1,580 thousand ounces of payable silver.


Table 1: Preliminary Consolidated 2019 Production Results and 2020 Production Guidance (2&3)


Read more here: https://quotemedia.com/portal/quote?qm_symbol=TV%3ACA&qmodStoryID=7434440236727390 

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8020 Admin

3 months ago

8020 Admin posted a press release Trevali Announces Drill Results along the North Limb at Caribou Mine Extending Mineralization to the North in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; OTCQX: TREVF) is pleased to announce results from the 2019 infill drill program at the Caribou Zinc-Lead-Silver Mine in the Bathurst Mining Camp, New Brunswick, Canada. The surface drilling campaign, which focused on delineation and conversion of Inferred Mineral Resources to Indicated Mineral Resources north of current Mineral Reserves, has intersected several zones of economical Zn-Pb-Ag mineralization. This indicates that mineralization, is wider than previously interpreted in portions of the North Limb and continues at mineable depths towards the north.


Highlights



  • Hole BR-1047 intersected 4.19 metres at 7.91% Zn, 2.54% Pb and 66.50 g/t Ag.

  • Hole BR-1047A intersected 23.00 metres at 5.84% Zn, 1.93% Pb and 69.25 g/t Ag.

  • Hole BR-1047B intersected 29.01 metres at 6.24% Zn, 2.33% Pb and 63.05 g/t Ag.

  • Hole BR-1048 intersected 68.74 metres at 7.19% Zn, 2.57% Pb, and 86.45 g/t Ag.

  • Hole BR-1048A intersected 9.00 metres at 7.11% Zn, 2.86% Pb, and 82.69 g/t Ag.


Caribou North Limb delineation


During the fall of 2019, Trevali completed 3,815 metres of drilling on the Caribou North Limb, with the goal of increasing confidence in the geological model. Previous drilling campaigns by Trevali in this area had intersected locally higher-grade mineralization, notably in drill holes BR-1014A and BR-1030. The northern portion of Caribou North Limb was classified as Inferred Mineral Resources and a surface drilling campaign was completed with the focus on upgrading the Mineral Resource to Indicated near to planned mine development as well as testing areas around previous well-mineralized drill intercepts.


Figure 1: 3-D view of North Limb of the Caribou deposit, looking east with 2019 Trevali drilling along with 2018 year-end Mineral Resource classification is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0fc83de-687b-4c97-adca-f0ebc99516df


Assay results from the drill program are summarized in Table 1. The drill program is expected to further increase the geological confidence of the currently defined Inferred Mineral Resource on the North Limb and will support long term mine development decisions.  Of particular note are holes BR-1047A, BR-1047B, BR-1048, and BR-1048A which help to define a zone of thick (±15-30m) and higher-grade (>7.5% Zn+Pb) mineralization around 2015 drill hole BR-1014A (2015-04-16_NR), see Figure 1. The large Inferred Mineral Resource currently defined on the northern portion of the North Limb requires further definition drilling to delineate its extents towards along strike as well as at depth.


Table 1: Summary of 2019 Caribou North Limb drill hole assay results. Length and SG weighted assay composites.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=TV%3ACC&qmodStoryID=8167037523593609 

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8020 Admin

4 months ago

8020 Admin posted a press release Trevali Announces Drill Results For the Newly Discovered T3 Horizon at the Perkoa Mine and Updates on Regional Exploration and the Hanging Wall Lens Infill Programs in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces additional details from the 2019 exploration and mineral resource expansion program on the discovery of the new volcanogenic massive sulphide (VMS) lens at the Perkoa Mine, Burkina Faso. To date, the new massive VMS lens has been intersected in multiple drill holes including PUX021 which intersected 3.42 metres at 13.8% Zn while distal alteration and disseminated mineralization can be traced at least 300 m to the southwest from drill hole PUX020. The mineralization is open along strike and at depth down plunge with exploration drilling currently ongoing.


“We are encouraged by the results from the exploration program along the Perkoa T3 horizon,” commented Yan Bourassa, Vice-President of Mineral Resource Management at Trevali. “We are still early in the exploration program of the T3 horizon and our latest drill hole, PUX021, intersected high-grade on the most northern hole drilled to date. Geochemical vectors are getting stronger as drilling moves towards the northeast indicating that the early intercepts could represent the edge of a larger system.”


Highlights



  • Hole PUX021 intersected 3.42 metres at 13.8% Zn, including 1.66 metres at 19.4% Zn.

  • Hole PUX020a intersected 6.80 metres at 6.4% Zn, including 1.50 metres at 9.5% Zn.

  • T3 horizon has been intersected over 400 metres along strike.


Perkoa Discovery


Following the acquisition of the Perkoa mine in August 2017, Trevali recognized the strength of the mineralizing system and targeted expanding Perkoa from a two lens mine into a multi-horizon system. In late 2018, a hole drilled into the Perkoa hanging wall (PUX012) intersected a subtle geochemical anomaly; the first indication of the T3 horizon. By following this geochemical feature, with secondary support from down hole electro-magnetics (DHEM), massive to semi massive sulphide was intersected in PUX020a returning 6.8 metres at 6.4% Zn including 1.5 metres at 9.5% Zn, indicating the high-grade potential.


The follow-up hole PUX021 intersected only anomalous mineralization around the T3 horizon. However, the hole was continued and intersected a second mineralized horizon, which contained massive sulphide over 3.42 metres at 13.8% Zn, including 1.66 metres at 19.4% Zn, approximately 980 metres below surface. System analysis suggests that this second horizon is the same as the massive sulphide horizon seen in PUX020a, but offset approximately 50 metres by a fault.


Figure 1: Plan view of the Perkoa T3 horizon exploration drilling is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0f66bfd-78fc-44fa-b222-7e6bd93b5e8a


The earlier exploration holes (PUX012, 010a, 013 & 019) all intersected a chemical marker horizon (CMH) which is interpreted as a hanging wall exhalative, a common feature which forms an extensive blanket cover, over VMS deposits. The horizon was traced for over 400 metres before the blind T3 VMS was discovered. The T3 discovery validates and demonstrates the efficiency of the geochemical vectors which are also applied to regional exploration. The VMS mineralization intersected to date is comparable visually and texturally to the Perkoa high-grade Main and Hanging Wall lenses. Exploration of the T3 horizon is at an early stage, but the horizon is open along strike and down-plunge at depth.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=TV%3ACA&qmodStoryID=7497693535073523 

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8020 Admin

4 months ago

8020 Admin posted a press release Trevali Announces Renewal of Normal Course Issuer Bid in TREVALI MINING CORPORATION


VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Trevali of its intention to implement a normal course issuer bid.


The NCIB will commence on December 3, 2019 and terminate on the earlier of (i) December 2, 2020 and (ii) the date on which the maximum number of common shares that can be acquired pursuant to the NCIB are purchased. All purchases made pursuant to the NCIB will be made through the facilities of the TSX or alternative Canadian trading systems, in open market transactions or by such other means as may be permitted by the TSX and under applicable securities laws. The price that Trevali will pay for common shares in open market transactions will be the market price at the time of purchase, and all common shares purchased by Trevali pursuant to the NCIB will be cancelled.


Trevali may purchase up to a total of 50,000,000 common shares under the NCIB (representing approximately 8.5% of Trevali’s “public float” (calculated in accordance with the rules of the TSX). In accordance with TSX rules, any daily purchases (other than pursuant to a block purchase exemption) on the TSX under the NCIB are limited to a maximum of 249,556 common shares, which represents 25% of the average daily trading volume on the TSX for the six months ended October 31, 2019.


Trevali has also renewed its automatic share purchase plan (“ASPP”) with its designated broker to allow for the repurchase of shares under the NCIB, once effective, at times when Trevali would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods. Before entering a blackout period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by Trevali in accordance with the rules of the TSX, applicable securities laws and the terms of the ASPP.  Outside of these black-out periods, common shares will be purchasable by Trevali at its discretion under its NCIB, once effective.


The ASPP will commence on the effective date of the NCIB and will terminate on the earliest of the date on which: (i) the purchase limit under the NCIB has been reached; (ii) the NCIB expires; and (iii) the Company terminates the ASPP in accordance with its terms. The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws.


Under its previous NCIB, Trevali purchased a total of 28,634,500 common shares (of a maximum of 40,000,000 common shares) for cancellation at a weighted average price of $0.31 per share, through the facilities of the TSX and alternative Canadian trading systems. As of November 27, 2019, there are 802,561,585 common shares outstanding.


OUR BUSINESS


Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned Santander Mine in Peru. In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada, and the past-producing Ruttan Mine in northern Manitoba, Canada. Trevali also owns an effective 44%- interest in the Gergarub Project in Namibia, as well as an option to acquire a 100% interest in the Heath Steele deposit located in New Brunswick, Canada. 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.


Investor Relations Information


Brendan Creaney – Vice President, Investor Relations
Email: bcreaney@trevali.com
Phone: +1 (604) 638-5623


CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION


This news release contains “forward-looking information” within the meaning of the Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. Forward-looking statements express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. Such forward-looking statements and information include, but are not limited to, statements as to the Company’s intentions regarding the normal course issuer bid, and the number of common shares that might be purchased by the Company under the normal course issuer bid and the terms and conditions of any such purchases.


These statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. If any assumptions are untrue, it could cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such statements. Assumptions have been made regarding, among other things, present and future business strategies and the environment in which the Company will operate in the future, including commodity prices, anticipated costs and ability to achieve goals. By their very nature, 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 future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the ability to acquire common shares in the market through the normal course issuer bid and in compliance with regulatory requirements; share price volatility; availability of funds to purchase shares under the normal course issuer bid, as well as other risks as more fully described in the Company’s annual information form, interim and annual audited consolidated financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review 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 not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


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