Revett exploration finds more minerals
Troy mine could be expanded
July 15, 2007
Revett Minerals says it has obtained encouraging preliminary results from its underground diamond drill program at its Troy Mine. This program was designed to explore the area below the currently defined mineral reserve in an effort to extend the current 6 year life of the operation. Preliminary results from the 2006/2007 Revett drilling program confirm four mineralized horizons, including a previously unknown higher grade zone in the Lower Revett Formation. Revett expects to complete a new resource estimate for these horizons prior to year end.
William Orchow, President and CEO of Revett, said, “We are very excited about the results so far in our exploration efforts at Troy. Of particular importance is the fact that three new zones of mineralization, with sufficient thickness and grade to potentially warrant development, have been discovered below the present mine workings.”
Revett, through its subsidiaries, owns and operates the Troy Mine, and the development stage Rock Creek Project, in northwestern Montana. These projects host significant copper and silver mineral reserves and resources and will form the basis of a plan to become a solid mid-tier base and precious metals producer in the future. The Company plans on expanding its production through exploration in and around its current properties, as well as through targeted business combinations of advanced staged projects.
Story by KLCB 1230 AM Libby News Radio, www.todaysbestcountryonline.com