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Stock Market & Financial Investment News

News Breaks
February 3, 2014
07:10 EDTRVMRevett Minerals updates Troy Mine reserves and resources
Revett Minerals provided updated reserve and resource estimates at Troy Mine in northwestern Montana at year end 2013 suggesting a 12-year Life of Mine. Exploration efforts will recommence in late 2015. Underground development at Troy continues on schedule and within budget. The mill is scheduled to be restarted for limited commercial production in Q4. The total cost of the decline development is currently estimated to be approximately $12M.
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October 1, 2014
07:34 EDTRVMRevett Mining resumes crushing operations at Troy Mine
Revett Mining announce 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. 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.

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