Revett Resumes Underground Crushing Operations at Troy Mine

 

SPOKANE VALLEY, WA - Revett Mining Company, Inc. reported that it has recently intersected mineralization in the North C Bed orebody from the west development drift and has recommenced underground crushing operations.

The Company will crush and store approximately 25,000 tons of ore prior to restarting milling operations, which is expected to take place in November, 2014. Limited milling and concentrate production will continue until the ongoing I Bed Development is fully complete. I Bed development remains on schedule for mid-year 2015, at which point milling operations will begin to ramp up to a continuous basis, ultimately targeting a planned production rate of 4,000 tons per day. The Company has now completed approximately 7,000 feet of development drifting of a total planned 13,400 feet for full I Bed development. The west decline will serve as the access point to the C Beds while the east decline will continue with development to the I Bed orebody.

John Shanahan, Revett's President and CEO stated, "We remain very pleased with all aspects of our development efforts at Troy. Our crews are to be congratulated for maintaining the highest levels of workplace safety while completing the first phase of development at Troy on schedule and within budget. Our goals are very clear for 2015; to have the Troy Mine back up and running at planned levels and to see completion of Rock Creek permitting. We believe we have both the workforce and resources to see fruition of these goals."

Revett Mining Company, through its subsidiaries, owns and operates the Troy Mine in Lincoln County, Montana and development-stage Rock Creek Project located in Sanders County, Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project form the basis of Revett's plan to become a premier mid-tier base and precious metals producer.