Advanced Precious Metal Project With Near Term Production Potential
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/18/11 -- Trevali Mining Corporation ('Trevali' or the 'Company') (TSX: TV)(OTCQX: TREVF)(FRANKFURT: 4TI) is pleased to announce that it has signed a memorandum of understanding ('MOU') to acquire 100% ownership in the past producing Huampar Silver-Gold mine located in west-central Peru. Site infrastructure is well developed and includes a historic, non-NI43-101 compliant, mineral reserve(i) of 874,412 tonnes averaging 1.3 g/t gold, 209 g/t silver, 3.31% lead and 3.63% zinc in addition to minor copper mineralization. Existing mine infrastructure is well maintained and includes a 600-person camp and a fully permitted 400-tonne-per-day (tpd) mineral processing plant is on site. The large 1,450-hectare land package has seen limited historic exploration and Trevali believes that there is excellent potential to discover additional mineralization with the ultimate aim of recommencing mining operations.
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