Trevali Mining Corporation ("Trevali" or the "Company")
(TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) is pleased
to announce that it has entered into a Limited Environmental
Liability Agreement ("Agreement") with the Province of New
Brunswick ("Province") regarding the historic environmental
liabilities ("Historic Liabilities") at the Caribou mine and mill
complex located in the Bathurst Mining Camp. Under the Agreement,
Trevali will be responsible for all environmental liability and
reclamation costs associated with the Caribou Mine on closure,
other than in respect to any historic liabilities.
"This is an important milestone in the Trevali project and will
bring it one step closer to creating many jobs in Bathurst region.
At the same time it will be critical in helping to protect the
environment for many years to come. The province of New Brunswick
will continue to work closely with the Trevali team to assure
success in re-activating Caribou operations. We look forward to our
continued working partnership with the company," said New
Brunswick's Energy and Mines Minister Craig Leonard.
"We are very pleased to complete this milestone with the
Province of New Brunswick following our recent acquisition of the
Caribou mine and mill in the Bathurst Mining Camp," stated Dr. Mark
Cruise, Trevali's President and CEO. "With this agreement in place
Trevali can now move another step forward in its near-term
activation plans for its Caribou and Halfmile operations, which
will form the foundation for the Company's long-term growth
strategies in the Bathurst Mining Camp."
The Agreement is based upon a report entitled "Program for the
Protection, Reclamation, and Rehabilitation of the Environment"
("Reclamation Plan") prepared by Stantec Consulting Ltd. and
submitted to, and approved by, the New Brunswick Department of
Energy and Mines.
In keeping with the Company's corporate philosophy to minimize
environmental impact, Trevali will also use its best efforts to use
existing waste rock stored on surface at Caribou, in the form of
roads, containment dikes and waste dumps, as backfill in the
underground operations. Additionally Trevali has agreed to allow
the Province the option to store and dispose of Restigouche mine
waste rock at the Caribou site, thereby providing the Province with
a lower-cost and fast-track reclamation solution for the former
Restigouche site.
ABOUT TREVALI MINING CORPORATION
Trevali is a zinc-focused base metals development company with
active operations in Canada and Peru.
In Peru, the Company is nearing production at its Santander
zinc-lead-silver mine where commissioning is scheduled to commence
in Q1-2013 with subsequent ramp up to full 2,000-tonnes-per-day
production.
In Canada, Trevali owns the Caribou mine and mill, Halfmile mine
and Stratmat polymetallic deposit all located in the Bathurst
Mining Camp of northern New Brunswick. Initial trial production
from the Halfmile mine was successfully undertaken in 2012 and the
Company anticipates commencing operations at its
3,000-tonne-per-day Caribou Mill Complex in late-2013.
All of the Company's deposits remain open for expansion.
The common shares of Trevali are listed on the TSX (symbol TV),
the OTCQX (symbol TREVF) and on the Lima Stock Exchange (symbol
TV). Warrants to purchase common shares of Trevali are listed on
the TSX (symbol TV.WT). 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.
On Behalf of the Board of Directors of TREVALI MINING
CORPORATION
Mark D. Cruise, President
This news release contains "forward-looking statements" within
the meaning of the United States private securities litigation
reform act of 1995 and "forward-looking information" within the
meaning of applicable Canadian securities legislation. Statements
containing forward-looking information 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 and the company does not intend, and does not assume any
obligation to, update such statements containing the
forward-looking information. Such forward-looking statements and
information include, but are not limited to statements as to: the
accuracy of estimated mineral reserves and resources, anticipated
results of future exploration, and forecast future metal prices,
anticipated results of future electrical sales and expectations
that environmental, permitting, legal, title, taxation,
socio-economic, political, marketing or other issues will not
materially affect estimates of mineral reserves. 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.
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.
Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed
or implied by such forward-looking statements contained in this
news release and the company has made assumptions and estimates
based on or related to many of these factors.
Such factors include, without limitation: fluctuations in spot
and forward markets for silver, zinc, base metals and certain other
commodities (such as natural gas, fuel oil and electricity);
fluctuations in currency markets (such as the Peruvian sol versus
the U.S. dollar); risks related to the technological and
operational nature of the Company's business; changes in national
and local government, legislation, taxation, controls or
regulations and political or economic developments in Canada, the
United States, Peru or other countries where the Company may carry
on business in the future; risks and hazards associated with the
business of mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
geological or structural formations, pressures, cave-ins and
flooding); risks relating to the credit worthiness or financial
condition of suppliers, refiners and other parties with whom the
Company does business; inadequate insurance, or inability to obtain
insurance, to cover these risks and hazards; employee relations;
relationships with and claims by local communities and indigenous
populations; availability and increasing costs associated with
mining inputs and labour; the speculative nature of mineral
exploration and development, including the risks of obtaining
necessary licenses and permits and the presence of laws and
regulations that may impose restrictions on mining,; diminishing
quantities or grades of mineral reserves as properties are mined;
global financial conditions; business opportunities that may be
presented to, or pursued by, the Company; the Company's ability to
complete and successfully integrate acquisitions and to mitigate
other business combination risks; challenges to, or difficulty in
maintaining, the Company's title to properties and continued
ownership thereof; the actual results of current exploration
activities, conclusions of economic evaluations, and changes in
project parameters to deal with unanticipated economic or other
factors; increased competition in the mining industry for
properties, equipment, qualified personnel, and their costs.
Investors are cautioned against attributing undue certainty or
reliance on forward-looking statements. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated, described or intended.
The Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affecting such statements or information, other than as
required by applicable law.
Trevali's production plans at Caribou-Halfmile-Stratmat and
Santander are based only on Indicated and Inferred Mineral
Resources and not Mineral Reserves and do not have demonstrated
economic viability. Inferred Mineral Resources are considered too
speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as Mineral
Reserves, and there is therefore no certainty that the conclusions
of the production plans and Preliminary Economic Assessment (PEA)
will be realized. Additionally where Trevali discusses
exploration/expansion potential, any potential quantity and grade
is conceptual in nature and there has been insufficient exploration
to define a mineral resource and it is uncertain if further
exploration will result in the target being delineated as a mineral
resource.
The TSX has not approved or disapproved of the contents of this
news release.
Contacts: Trevali Mining Corporation Steve Stakiw VP, Investor
Relations and Corporate Communications (604) 488-1661 / Direct:
(604) 638-5623sstakiw@trevali.com www.trevali.com
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