Revett Receives MDEQ To Develop C-Beds At The Troy Mine

 

SPOKANE VALLEY, WA - Revett Minerals has received final approval from the Montana Department of Environmental Quality (MDEQ) on its amended plan of operations to develop the previously identified higher grade C-Beds at the Troy Mine. Total production at the Troy mine for the first nine months of 2009 remained consistent, totaling 879,449 ounces of silver and 6.7 million pounds of copper.

An underground drill program conducted in 2006/2007 previously identified three new mineralized horizons in the Lower Revett Formation; the A, B & C Beds (labeled downward stratigraphically) ranging from 180 to 370 feet below the Troy Mine workings.  The higher grade C-Bed located approximately 370 feet below the current workings contains an estimated 1,981,340 ozs of silver & 13,716,011 lbs copper. Development of the C-Bed in 2010 provides Revett the opportunity to phase development to depth while continuing.  Production in existing areas and further advancing exploration in other targets. Production estimates for 2009 remain on track with mill throughput averaging 4,040 tons per day in October and improved metals grades expected from production in the South Ore body middle quartzite zone.

John Shanahan, President and CEO commented The third quarter has been a difficult period as we were mining in some of the tougher areas at Troy, but we are encouraged by consistent production and improved operating costs which will allow us to execute our long term objectives. Bringing the C Beds into production will increase our grades and further reduce our costs out through 2013.

Revett Minerals, through its subsidiaries, owns and operates the currently producing Troy Mine and development-stage Rock Creek Project, both located in northwestern Montana.  Revett plans on expanding production through exploration in and around its current properties, as well as through targeted business combinations of advanced stage projects.

The Company’s address is 11115 East Montgomery, Suite G, Spokane Valley, WA 99206, (509) 921-2294, www.revettminerals.com.