VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/01/13 -- Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV)(LMA: TV)(OTCQX: TREVF)(FRANKFURT: 4TI) is pleased to announce that it has received the Approval to Operate ("Approval") for its Caribou Mine from the Province of New Brunswick ("Province").
The Approval authorizes Trevali to operate the underground mine, surface mineralized material storage and crushing facility, the concentrator plant, mine water treatment plant and tailings impoundment. The permit also includes all land, buildings, processes and activities associated with the operation of the Caribou Mine and enables Trevali to construct new structures within the currently disturbed area.
The Approval comes following the Limited Environmental Liability Agreement signed earlier this year with the Province regarding the historic environmental liabilities at the Caribou mine and mill complex located in the Bathurst Mining Camp (see January 31, 2013 News Release TV-NR-13-02 for details).
"We are very pleased that Trevali has received its Approval to Operate permit for the Caribou project and is commencing its restart program," said New Brunswick Energy and Mines Minister Craig Leonard. "This is another milestone towards bringing the mine and mill to operation and creating significant job opportunities in the northern region of the Province."
"We are very happy to receive the final Approval to Operate from the Province for our Caribou project and look forward to the planned recommencement of mining and milling operations following our re-start program," stated Dr. Mark Cruise, Trevali's President and CEO. "In spite of adverse global market conditions we continue to advance our Bathurst Camp production strategy and fully appreciate the dedication and ongoing support of the Province, local communities of Bathurst and Miramichi, and the Mi'gmag First Nations."
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 expected soon and subsequent ramp up to the planned 2,000-tonnes-per-day production is anticipated by mid-year 2013.
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 underground mine was successfully undertaken in 2012 and the Company anticipates commencing operations at its 3,000-tonne-per-day Caribou Mill Complex in early-2014.
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 web site (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.
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