VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/09/13 -- Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV)(TSX: TV.WT)(OTCQX: TREVF)(LMA: TV)(FRANKFURT: 4TI) regrets to announce it has been informed by its mining contractor that a fatality and injury has occurred in underground preparation and development activities at the Santander Mine in Peru.
On August 8th a fatal accident claimed the life of one miner and injured another, both working for the Company's mine contractor in the Magistral South zone of the mine. Upon knowledge of the tragic accident, all underground preparation and development activities except emergency requirements were suspended immediately and authorities notified.
Senior operations management is onsite and along with our contract mining team will work with Government authorities to thoroughly investigate the accident.
The Company is also working closely with its contractor to ensure that the miners' families receive all possible support. Additionally, counseling is being provided for our employees and workers on site.
"We are all greatly saddened by this tragic accident that resulted in the death of one miner and injury of another and extend our sincere condolences to their families, friends and colleagues," stated Dr. Mark Cruise, Trevali's President and CEO. "Safety has always been a top priority for the Company and we will ensure this accident is fully investigated."
ABOUT TREVALI MINING CORPORATION
Trevali is a zinc-focused base metals mining company with operations in Canada and Peru.
In Peru, the Company has commenced commissioning at its Santander zinc-lead-silver mine and metallurgical plant where operations are underway with subsequent ramp up to planned 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 underground mine was successfully undertaken in 2012 and the Company anticipates commencing operations at its 3,000-tonne-per-day Caribou Mill Complex in 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). Certain 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.
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.
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