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VANCOUVER, British Columbia, Jan. 06, 2020 (GLOBE NEWSWIRE) — Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV; OTCQX: TREVF) is admiring to advertise after-effects from the 2019 infill assignment affairs at the Caribou Zinc-Lead-Silver Abundance in the Bathurst Mining Camp, New Brunswick, Canada. The apparent conduct campaign, which focused on curve and about-face of Inferred Mineral Assets to Indicated Mineral Assets arctic of accepted Mineral Reserves, has intersected several zones of economical Zn-Pb-Ag mineralization. This indicates that mineralization, is added than ahead interpreted in portions of the Arctic Limb and continues at mineable base appear the north.



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Highlights

Caribou Arctic Limb curve

During the abatement of 2019, Trevali completed 3,815 metres of conduct on the Caribou Arctic Limb, with the ambition of accretion aplomb in the geological model. Antecedent conduct campaigns by Trevali in this breadth had intersected locally higher-grade mineralization, conspicuously in assignment holes BR-1014A and BR-1030. The arctic allocation of Caribou Arctic Limb was classified as Inferred Mineral Assets and a apparent conduct attack was completed with the focus on advance the Mineral Resource to Indicated abreast to planned abundance development as able-bodied as testing areas about antecedent well-mineralized assignment intercepts.



Figure 1: 3-D appearance of Arctic Limb of the Caribou deposit, attractive east with 2019 Trevali conduct forth with 2018 anniversary Mineral Resource allocation is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0fc83de-687b-4c97-adca-f0ebc99516df

Assay after-effects from the assignment affairs are abbreviated in Table 1. The assignment affairs is accepted to added access the geological aplomb of the currently authentic Inferred Mineral Resource on the Arctic Limb and will abutment connected appellation abundance development decisions.  Of authentic agenda are holes BR-1047A, BR-1047B, BR-1048, and BR-1048A which advice to ascertain a area of blubbery (±15-30m) and higher-grade (>7.5% Zn Pb) mineralization about 2015 assignment aperture BR-1014A (2015-04-16_NR), see Figure 1. The ample Inferred Mineral Resource currently authentic on the arctic allocation of the Arctic Limb requires added analogue conduct to abut its extents appear forth bang as able-bodied as at depth.

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Table 1: Summary of 2019 Caribou Arctic Limb assignment aperture appraisal results. Length and SG abounding appraisal composites.

Table 2: Assignment aperture collar locations

Regional exploration

Regional assay during 2019 has focused on advancing bounded targets on Trevali’s greenfield properties, added accurately Heath Steele East and Murray Brook South.

At Heath Steele East, the 2019 amplification of a arena force assay initially completed in 2017 has furthered the geological compassionate of the acreage and articular several anomalies associated with geologically favorable horizons for added testing.

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At Murray Brook South, a time-Domain Electro-Magnetic (“TDEM”) assay was completed over portions of the Murray Brook South affirmation in adjustment to clarify targets for assignment testing in December 2019, after-effects are pending. Trenching performed in 2018 as allotment of a collective adventure acceding amid Puma Assay and Trevali apparent a attenuated gossan aural the Mount Brittain formation, which hosts the Murray Brook drop amid 1.5km to the north-east. A conduct affairs is currently underway to assay the Murray Brook South anomalies.

Figure 2: Bounded overview of the Bathurst Mining Camp with Trevali backdrop is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/ec29c2bd-5c35-4761-8b01-16292dc8a4c8

About Trevali Mining Corporation

Trevali is a all-around base-metals mining company, headquartered in Vancouver, Canada. The aggregate of Trevali’s acquirement is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Abundance in Burkina Faso, the 90%-owned Rosh Pinah Abundance in Namibia, the wholly-owned Caribou Abundance in arctic New Brunswick, Canada and the wholly-owned Santander Abundance in Peru. In addition, Trevali owns the Halfmile and Stratmat Backdrop and the Restigouche Drop in New Brunswick, Canada, and the past-producing Ruttan Abundance in arctic Manitoba, Canada. Trevali additionally owns an able 44%- absorption in the Gergarub Activity in Namibia, as able-bodied as an advantage to access a 100% absorption in the Heath Steele drop amid in New Brunswick, Canada. The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Barter (symbol TV), and the Frankfurt Barter (symbol 4TI). For added capacity on Trevali, readers are referred to the Company’s website (www.trevali.com) and to Canadian authoritative filings on SEDAR at www.sedar.com.

Investor Relations Contact:Brendan Creaney – Vice President, Investor RelationsEmail: [email protected]: 1 (778) 655-6070

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Cautionary Agenda Apropos Forward-Looking Advice

This account absolution contains “forward-looking information” aural the acceptation of Canadian balance legislation and “forward-looking statements” aural the acceptation of the United States Private Balance Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Advanced statements are based on the beliefs, expectations and opinions of administration of the Aggregation as of the date the account are published, and the Aggregation assumes no obligation to amend any advanced statement, except as appropriate by law. Advanced statements chronicle to approaching contest or approaching achievement and reflect management’s expectations or behavior apropos approaching contest including, but not bound to, statements with account to the Company’s advance strategies, the connected success of mineral exploration, the content, cost, timing and after-effects of approaching assay programs and activity of abundance expectancies, Trevali’s adeptness to armamentarium approaching assay activities, admiration of mineral affluence and mineral resources, the adeptness of mineral assets estimates, the timing and bulk of estimated approaching production, costs of assembly and basic expenditures, success of mining operations, ecology risks, hasty affirmation costs and appellation disputes or claims. In assertive cases, advanced statements can be articular by the use of words such as “plans”, “expects”, “outlook”, “guidance”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations of such words and phrases or statements that assertive actions, contest or after-effects “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved” or the abrogating of these agreement or commensurable terminology. By their absolute nature, advanced statements absorb accepted and alien risks, uncertainties and added factors which may account the absolute results, achievement or achievements of the Aggregation to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by the advanced statements. Such factors include, amid others, risks accompanying to absolute after-effects of accepted assay activities, including the inherent ambiguity of mineral assay and estimations of assay targets; changes in activity ambit as affairs abide to be refined; approaching prices of zinc, lead, argent and added minerals and the advancing acuteness of our banking achievement to such prices; accessible variations in ore reserves, brand or recoveries; affirmation on key personnel; abeyant conflicts of absorption involving our admiral and officers; labour basin constraints; labour disputes; availability of basement appropriate for the development of mining projects; delays or disability to access authoritative and authoritative approvals for mining operations or costs or in the achievement of development or architecture activities; counterparty risks; added operating and basic costs; adopted bill barter amount fluctuations; operating in adopted jurisdictions with accident of changes to authoritative regulation; acquiescence with authoritative regulations; acquiescence with ecology laws and regulations; acreage affirmation and abundance cease obligations; challenges to appellation or buying absorption of our mineral properties; advancement advancing amusing authorization to operate; appulse of acute altitude on the Company’s mining operations; bribery and bribery; limitations inherent in our allowance coverage; acquiescence with debt covenants; antagonism in the mining industry; our adeptness to accommodate new acquisitions into our operations; cybersecurity threats; litigation; and added risks of the mining industry including, after limitation, added risks and uncertainties that are added absolutely declared in the Company’s anniversary advice form, acting and anniversary audited circumscribed banking statements and management’s altercation and assay of those statements, all of which are filed and accessible for analysis beneath the Company’s contour on SEDAR at www.sedar.com. Although the Aggregation has attempted to analyze important factors that could account absolute actions, contest or after-effects to alter materially from those declared in advanced statements, there may be added factors that account actions, contest or after-effects not to be as anticipated, estimated or intended. Trevali provides no affirmation that advanced statements will prove to be accurate, as absolute after-effects and approaching contest may alter from those advancing in such statements. Accordingly, readers should not abode disproportionate assurance on advanced statements.

Compliance with NI 43-101

Yan Bourassa, P.Geo, Trevali’s Vice President, Mineral Resource Management, is a able being as authentic by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Bourassa supervised the alertness of the accurate and abstruse advice that forms the base for this account absolution and has accustomed the capacity of this account release.

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Last Updated: January 12th, 2020 by admin
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