This claim includes portions of the historic Thor Vein located in Nevada very close to the Utah border. This area is comprised of a portion of 3 of the 26 areas of outcropping gold mineralization that TMI press releases often refer to when illustrating the potential of the large 74.7 sq km Gold Springs exploration property located in safe, mining friendly Nevada and Utah. Outcrop areas, Silica Hill/Thor, Silica Hill Extension and North Jennie are all parts of the Thor Vein System.
Since completing the acquisition of the Talisman property, TMI has conducted a detailed analysis of the historical data together with TMI exploration results. This analysis has identified what TMI’s management believes is a high-priority drill target which is based on multiple high-grade gold and silver veins (see table below). The drill target is defined by a combination of drill hole, outcrop, and float sample assays over a strike length of 1,100 metres. This is part of a larger trend which may extend as much as 1.6 km as indicated by the ZTEM resistivity geophysical anomaly. The ZTEM anomalies have a high correlation with known gold mineralization and help to define the Jumbo Trend which hosts the majority of the resource that TMI has identified to date.
Ralph Fitch President and CEO, stated, “Most of TMI’s recent exploration effort has been focused at the Jumbo target in Utah where the resource block now extends over approximately 1.1 km within what we refer to as the Jumbo Trend which extends approximately 8 kms north-south. The Thor Vein System, which also trends north-south, is a separate target approximately 2 kms west of the Jumbo Trend. The Thor target as presently known, consists of a number of discrete higher-grade gold-silver veins each a few metres wide whereas the mineralization at the Jumbo consists of a mixture of veins and disseminated gold-silver mineralization in rocks over widths of 100 to 200 metres. The intrigue with the Thor is that in places the veins appear to be close enough together to make an interesting exploration target for open-pitable material but are of high enough grade that underground mining might be a possibility.”
Ralph Fitch went on to say, “This is the first in a series of vein-target areas that I mentioned I would report on in my recent letter to Shareholders (PR, February 11, 2016). These vein targets have the potential to develop, with further drilling, into something like the ‘Jumbo resource block’, providing large open pit potential or possibly into resource blocks with higher grade material that could be mined by open pit or underground methods and be trucked to the Jumbo target to increase the overall grade of the resource there, potentially enhancing the economics demonstrated in the PEA (dated August 12, 2015). This review focuses on the higher grade aspects of the Thor target.”
TriMetals Thor vein system Gold Springs project
TriMetals Thor vein system Gold Springs