Trevali Options Murray Brook Deposit in Bathurst Mining Camp
BATHURST– Increased mining activity around Bathurst took a step forward this week as Vancouver-based Trevali Mining Corporation signed a Letter of Intent with Puma Exploration for an option to acquire an interest in the Murray Brook Deposit. The two companies will also form a Strategic Exploration Alliance in the northern portion of the Bathurst Mining Camp.
The option is subject to requisite regulatory approvals, including the TSX Venture Exchange.
The aim of the corporate relationship, according to the company, is to advance the Murray Brook Deposit to a production decision, potentially allowing it to operate alongside work at the area’s Caribou mine or come on stream when that mine concludes operations.
“Trevali is pleased to be partnering with Puma Exploration on the advanced-stage Murray Brook Deposit,” stated Dr. Mark Cruise, Trevali’s president and CEO, in a release. “The agreement comports well with Trevali’s Bathurst Mining Camp strategy whereby the company will leverage our infrastructure and operational expertise to further expand our footprint within the region. The addition of Murray Brook builds on Trevali’s significant resource inventory of potential mill feed in the Camp that also includes our Halfmile Mine, Stratmat and Restigouche projects.”
Trevali is a zinc-focused, base metals mining company. It owns the Caribou mine, which produces zinc, lead and silver and is located about 50 kilometres west of Bathurst. It also operates the Santander mine in Peru and has an 80 per cent stake in the Rosh Pinah mine in Namibia and a 90 per cent stake in the Perkoa mine in Burkina Faso.