Revett Minerals (RVM.TO, NYSEMKT:RVM) has updated the market on their ongoing efforts at the Troy Mine to re-establish the connection to the mining areas underground.
As part of the planned development, Revett was constructing two separate drifts to re-gain access to the orebodies. Unfortunately the crews encountered structural damage during the construction of the A-drift, so all focus is now on the D-Drive drift, which is approximately 100 meters to the east of the A-drift.
As this D-drift will take at least another 8 weeks to complete, Revett will immediately and significantly reduce its work force at the Troy Mine as no production can be expected before Q4 this year.
> Click here to read the press release
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