Trevali Resources Corp.

Trevali Resources Corp.

September 09, 2008 09:00 ET

Trevali Intersects New Silver-Rich Sulphide Body at Magistral Central on its Santander Silver-Lead-Zinc Mine Project in Peru

Highlights include: 45.9 metres at 16.6oz (517.2g/t) Silver equivalent 28.6 metres at 14.5oz (452.6g/t) Silver equivalent 9.85 metres at 24.6oz (765.5g/t) Silver equivalent

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2008) - Trevali Resources Corp. ("Trevali" or the "Company") (CNQ:ZINC)(PINK SHEETS:TREVF)(FRANKFURT:4TI) is pleased to announce that diamond drilling has successfully intersected a third significant sulphide zone, Magistral Central, on its advanced Santander silver-lead-zinc project located in the Cerro de Pasco region of west-central Peru.

Magistral Central is equidistantly located between the Company's silver-rich Magistral Norte Zone and its base metal rich Magistral Sur zone. A total of 92 diamond drill holes have been completed to date of which the Company has received assay results from the first 72 holes (Table 1 - summaries of all the holes and location maps are available on the Company's website).

The current drill program at Santander represents the first modern exploration on the large, 4,455 hectare (44 km2) property and is designed to test the three Magistral zones to approximately 200 metres vertical depth. The majority of the holes have intersected significant sulphide mineralization, which remains open at depth in all three bodies (see website for details). Property-scale structural reconstructions indicate that the Magistral zones have quite significant additional depth potential -- conservatively interpreted to range from 300 to 500 metres vertical extent. Targeted deeper holes are currently testing the down-dip extensions of the three bodies.

Magistral Norte, the most northerly of the Magistral bodies, lies only 1.5 km north of the Company's mineral processing plant.

Site infrastructure at the formerly-producing operation includes a fully refurbished 200 man camp and associated support facilities, an ore processing / concentrator plant (including various crushers, mills and cell houses) able to produce zinc, lead-silver and copper concentrates that is currently undergoing a refurbishment program, and the Tingo hydroelectric power-station, located some 17-km down-valley to the west.

Table 1: Summary assay results - Santander Project
Zone/ hole Ag
Borehole(i) Inter- equi-
(dip/ From-To val valent Ag oz Pb Zn Cu
azimuth) (metres) (ii) (iii) (g/t) % % %
Magistral 59.50-79.80m 20.3m 9.7oz 2oz 1.93% 3.82% -
Central (300.4g/t) (63.9g/t)
N60E) Inc 59.50-63.50m 4m 21.4oz 4oz 1.41% 11.17% 0.17%
(666g/t) (125.1g/t)
Magistral 86.05-131.95m 45.9m 16.6oz 3.1oz 2.02% 7.55% 0.19%
Central (517.2g/t) (97.4g/t)
N60E) Inc 100.05-110.05m 10m 29.9oz 7.9oz 1.98% 13.45% 0.35%
(929.3g/t) (246.5g/t)
Magistral 233.35-239.05m 5.7m 14 oz 2.8oz 2.65% 5.04% 0.22%
Central (435.4g/t) (88.7g/t)
Magistral 58.1-65.05m 6.95m 13.2 oz 2.2oz 0.88% 6.91% 0.15%
Central (409.3g/t) (68.3g/t)
Magistral 44.6-70m 25.4m - 0.2oz 0.02% 4.67% -
Sur (6.93g/t)
N61E) Inc 58.5-70m 11.5m - 0.17oz 0.02% 9.76% 0.09%
Magistral 180.4-300.1m 119.7m - 0.2oz 0.12% 1.59% -
Sur (6g/t)
240) Inc 240.65-246.45m 5.8m - 0.35oz 0.06% 5.8% -
Magistral 40.8-75.05m 34.25m 11.7oz 3oz 1.12% 5% 0.12%
Central (363g/t) (94.8g/t)
N60E) Inc 57.2-67.05m 9.85m 24.6oz 6.4oz 1.78% 11.43% 0.16%
(765.5g/t) (200.1g/t)
Magistral 137.4-175.9m 38.5m - 0.8oz 0.25% 6.09% 0.06%
Sur (23.9g/t)
Magistral 75-103.6m 28.6m 14.5oz 3.6oz 1.04% 6.75% 0.14%
Central (452.6g/t) (112.9g/t)
N60E) Inc 89.05-99.7m 10.65m 20.9oz 5.7oz 1.29% 9.83% 0.16%
(649.7g/t) (170.3g/t)
Magistral 81- 102m 21m - 0.6oz 0.27% 5.23% 0.1%
Central (19.8g/t)
N61E) Inc 81.9-87.3m 5.4m - 0.8oz 0.25% 10.84% 0.16%
Magistral 74.6-97.6m 23m - 0.3oz 0.06% 8% 0.07%
Sur (10g/t)
N60E) Inc 80.6-88.6m 8m - 0.2oz 0.01% 10.9% 0.09%
(i) Holes SAN-064, -067 and -070 failed to intersect significant
(ii) Exploration to date suggests mineralized zones or mantos are dipping
west at approximately 70 degrees; however, it is anticipated that
future mapping of an underground exploration adit will allow a more
accurate estimation of true thickness.
(iii) Silver equivalent calculated using following metal prices: Ag $15/oz,
Pb $0.9/lb, Zn $0.9/lb, Cu $3/lb and assumes 100% recoveries.

Project Background

The Santander silver-lead-zinc mine project is located approximately 215 km by road from Lima, in the western extent of Peru's prolific Cerro de Pasco mineral district. The mine operated from 1958-1993 targeting a single Carbonate Replacement Deposit-type pipe and manto structure, the Santander Orebody. Approximately 8 million tonnes grading +7% zinc, 1-4% lead and 60 grams/tonne silver plus by-product copper was processed - initially from open pit operations and then from underground mining reaching a depth of 500 metres below surface in mineralization grading about 11% zinc. Drilling by past operators indicates this mineralization remains open to depth - extending at least 200 metres further beneath the previous workings.

Recent exploration drilling by the Company has focused on three other similarly mineralized manto to pipe-type structures (Magistral North, Central and South) situated in favourable carbonate host rocks and located a couple of kilometres northwest -- along the same structural trend hosting the Santander orebody.

Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, Trevali's President and CEO and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company, as he is an officer and shareholder.

The work programs at Santander were designed by, and are supervised by, Mark D. Cruise, President & CEO, Trevali, and Les Oldham, General Manager, Consultora Minera Anglo Peruana S.A.(independent geological consultants), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Vancouver, for assay. ACME's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by Trevali personnel in order to independently assess analytical accuracy. Finally, representative blind duplicate samples are routinely forwarded to ACME and an ISO compliant third party laboratory for additional quality control.

About Trevali Resources Corp.

The Company is currently exploring and conducting various scoping level studies on the former Santander polymetallic mine in Peru to ascertain as best as possible the cost and feasibility of re-commencing mining and milling operations in a timely manner should exploration prove to be successful.

The common shares of the Company are currently listed on the CNQ (symbol ZINC). For further details on the Company readers are referred to the Company's web site ( and to Canadian regulatory filings on SEDAR at

On Behalf of the Board of Directors of TREVALI RESOURCES CORP.

Mark D. Cruise, President

The CNQ has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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