Revett Provides Troy Mine Update
Revett Minerals Inc. (RVM.TO) provided an update on underground activities at its Troy Mine in northwest Montana.
Following the suspension of underground operations in mid December 2012, Revett has continued to conduct monitoring and development work at the Troy Mine in preparation for the resumption of mining and production activities.
The target date to resume operations remains April 2013; however, the ongoing review and approval process in conjunction with ongoing work to reinforce and support ground conditions in the B Fault will determine the actual timeline.
John Shanahan, Revett's President and CEO stated: "We continue to be encouraged by the structural conditions of the Lower Quartzite and feel there is an achievable path forward to return to production. The Company has the financial resources and experienced crews in place to succeed in this effort. Although the disruption has been challenging, we remain focused on our ability to be the safest and best operator we can be at Troy and to bring the Rock Creek project to fruition."
RVM shares gained two cents to $2.06.
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