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Construction proceeding apace at Trevali’s Peruvian Santander project

21st May 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

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TORONTO (miningweekly.com) – The construction and initial commissioning of TSX-listed Trevali Mining’s Santander zinc/lead/silver mine, in west-central Peru, was proceeding apace after the delays encountered in April.

Vancouver-based Trevali last month reported that the importation of critical electrical safety cells for the mill substation were delayed by Peruvian customs, necessitating the mill motors to be commissioned using secondary power sources, pending a connection to the mill substation.

Minor delays were also experienced with the installation of the final mill lubrication system, which was required for wet commissioning.

Trevali on Tuesday said it expected to start crushing rock to fill the base of the fine mill feed bin within the next few days and to start processing mineralised material, with production to follow thereafter.

Underground development was also progressing well with a total of eight levels completed on the Magistral North and Magistral Central deposits. Based on current development rates, the ninth level, into the Magistral South deposit, was expected to be in place by June.

Trevali noted that there was about 130 000 t of stockpiled mineralised feed on the coarse mill feed pad, which would provide about three months of feed during production ramp-up to full nameplate processing capacity of 2 000 t/d.

Meanwhile, the company announced earlier this month that it had received approval from the province of New Brunswick to operate its Caribou mine and mill complex, located in the Bathurst Camp.

The approval authorised Trevali to operate the underground mine, the surface mineralised material storage and crushing facility, the concentrator plant, the mine water treatment plant and the tailings impoundment. The permit also included all land, buildings, processes and activities associated with the operation of the Caribou mine and enabled the company to build new structures within the currently disturbed area.

The approval followed the limited environmental liability agreement signed in January, with the province regarding the historic environmental liabilities at the Caribou complex.

Trevali president and CEO Dr Mark Cruise said that, despite the adverse global market conditions, the company would continue to advance the Bathurst Camp production strategy with the ongoing support of the province, the local communities of Bathurst and Miramichi, as well as the Mi'gmag First Nations.

Further, at the end of April, Trevali reported that it had finalised and closed the second tranche of $30-million under its $60-million senior debt and prepaid precious metals facility with RMB Resources – the resource financing division of South Africa’s FirstRand Group.

The debt facility was used to repay debt, fund development towards mine and mill operations in the Bathurst Camp, as well as for general working capital purposes.

PEOPLE
Trevali on Tuesday said it had appointed Ed Desjardins as GM of its Peru operating division, Alan Hughes as VP for human resources, Dayle Rusk as director of geology, Daniel Marinov as VP of exploration and Shaun Woods as senior metallurgist for the company's New Brunswick operations at the Caribou mill.

Trevali’s stock on the TSX had slid by 42.34% since the start of the year to trade at C$0.65 apiece on Tuesday.

Edited by Creamer Media Reporter

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