Science & Technology
Science and Technology
Science and Technology
Mon, June 14, 2010
Sun, June 13, 2010
Fri, June 11, 2010 Standard & Poor's Initiates Factual Stock Report Coverage on Trevali Resources Corp.
NEW YORK--([ BUSINESS WIRE ])--Standard & Poora™s announced today that it has commenced [ Factual Stock Report coverage on Trevali Resources Corp ].
Trevali Resources Corp. (OTC: TREVF), in the exploration stage as of December 31, 2009, engages in the acquisition, exploration and development of mineral properties in Peru. The company holds an interest in one property in Peru.
Trevali's Santander silver-lead-zinc mine project is located in west-central Peru, approximately 215 kilometers by road from Lima. The property consists of 66 concessions aggregating 950.7071 hectares surrounded by six claim blocks aggregating 3,504 hectares centered on the former mine infrastructure. The current infrastructure is comprised of a fully refurbished 200-man camp and associated support facilities and the lease of the Tingo hydroelectric power station located some 17 kilometers away.
The company commenced exploration at Santander in November 2007. Mineralization remains open in all three Magistral deposits, the Puajanca zone and the past-producing Santander Pipe, and numerous high-priority targets remain to be tested on the company's large, 100%-owned land package.
An independent resource estimate, dated May 2009, of the three Magistral deposits reviewed a total indicated mineral resource of 5,298,000 tonnes with an average grade of 3.34% zinc, 1.27% lead and 38 g/t silver for a contained metal inventory of 390 million pounds zinc, 149 million pounds lead and 6.5 million ounces silver in the indicated category. An additional inferred mineral resource of 2,244,000 tonnes grading 2.92% zinc, 0.50% lead and 18 g/t silver was also reviewed in the three deposits (using the same cut-off grade) for contained metals of 144 million pounds zinc, 25 million pounds lead and 1.3 million ounces silver. Additionally, a further 100 million contained pounds of zinc are estimated to be present in the 1,656,000 indicated tonnes grading at 2.74% zinc at the Santander Tailings Impoundment.
The company in conjunction with its prospective partner, Glencore International A.G., is continuing to work through the terms of a definitive development agreement for the Santander project that will, if concluded, see Glencore provide and operate on the property, a 2,000-tonne-per-day concentrate plant, undertake mining operations on a 'contractor/toll basis' and enter into a long-term concentrate offtake agreement with the company for 100% of the Santander project's production at benchmark terms.
This report will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit [ www.trevali.com ] for additional information.
About Standard & Poor's Factual Stock Reports
This Standard & Poora™s service provides factual research coverage enabling information about Trevali Resources Corp and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a companya™s fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poora™s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poora™s. Standard & Poora™s Factual Report research has no access to non-public information received by other units of Standard & Poora™s. Standard & Poora™s does not trade on its own account.
Note:All U.S. and Canadian Companies listed on a National Exchange (not covered by S&Pa™s STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit [ http://www.standardandpoors.com ].
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