Receives Key Environmental Impact Permit for Its Santander Mine in Peru
Trevali Receives Key Environmental Impact Permit for Its Santander Mine in Peru http://at.marketwire.com/accesstracking ... erv200.jpg VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/24/12 -- Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(TSX:TV.WT)(OTCQX:TREVF)(LMA:TV)(FRANKFURT:4TI) is pleased to announce it has received Directorial Resolution No: 122-2012-MEM/AAM from the General Bureau of Environmental Affairs (DGAA) of the Ministry of Energy and Mines of Peru (Ministerio de Energia Y Minas - MEM) approving its Environmental Impact Study (EIA) for the Operations Phase of the Santander Zinc-Lead-Silver Mine Project in west-central Peru.
As part of the extensive review process the Company held numerous information workshops with our neighbours in the local communities, within the area of influence of Santander, in addition to addressing observations from MEM, the National and Local Water Authorities, the National Archaeological Institute and the Ministry of Agriculture.
Receipt of these permits allows the Company mining contractors JRC Ingenierios to commence underground development of the Magistral deposits. JRC personnel have been on-site for approximately two weeks and the full complement of 200 miners are presently mobilizing to site.
The latest report from Trevali's concentrate plant construction managers, Merit International, states that the project remains on track for Q3-2012 commissioning.
"Receipt of the environmental approval is the culmination of many months of hard work by our Santander team and represents a major milestone in the Company's development," stated Dr. Mark Cruise, Trevali's President and CEO. "We are also pleased with the progress on site that remains on-track for commissioning and production ramp-up this year."
ABOUT TREVALI MINING CORPORATION
Trevali has two advanced-stage polymetallic (zinc-lead-silver-copper) deposits in Canada and Peru - the Halfmile and Santander mine projects respectively. In Canada, Trevali owns the Halfmile Mine and Stratmat polymetallic deposit in the Bathurst Mining Camp of northern New Brunswick, and the past-producing Ruttan copper-zinc mine in northern Manitoba. Production from the Halfmile Mine commenced in early 2012 and will ramp up to a planned production rate of 2,000-tonnes-per-day.
In Peru, the Company has the Santander zinc-lead-silver mine project and the former-producing Huampar silver mine, both located in the Central Peruvian Polymetallic Belt. Mine commissioning is anticipated to commence at the Santander operation in mid-2012 with ramp up to full 2,000-tonnes-per-day production to follow shortly thereafter. Additionally through its wholly-owned subsidiary, Trevali Renewable Energy Inc., Trevali is undertaking a significant upgrade of its wholly-owned Tingo run-of-river hydroelectric generating facility along with transmission line upgrades and extensions to allow, in addition to supplying power to the mining operation on the property, the potential sale of surplus power into the Peruvian National Energy Grid.
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 web site (
http://www.trevali.com) and to Canadian regulatory filings on SEDAR at
http://www.sedar.com.
On Behalf of the Board of Directors of
TREVALI MINING CORPORATION
Mark D. Cruise, President