TMI has now received approval for the exploration program in this area and anticipates trenching will start in the next two weeks. The trenches are designed to expose the vein systems in the Thor area which contain multi-gram samples as previously reported. Surface and drill samples from the Thor, Dee, Brown, and Lower vein systems have returned values as high as 23.35 g/t Au and 252.9 g/t Ag, with numerous samples in the +3.0 g/t Au range (PR March 1, 2016 and May 3, 2016). With this trenching program, TMI will be able to better understand these systems and potentially expose additional veining in areas of post-mineral cover.
Ralph Fitch, CEO stated:
“We are excited to initiate the program at Thor. The trenching should move rapidly with results following in a few weeks of completion. These results will be used to plan future drilling, with the purpose of developing a high grade resource that could become a starter-pit for the Project described in the PEA. We are so keen on this program because higher grade in the first year of operations has a significant positive impact on the already robust economics described in the PEA.”
In continuing efforts to evaluate the Thor target and design a drilling program, TMI submitted plans to conduct trenching activities in the Thor area to the Bureau of Land Management (BLM) Caliente, Nevada office. Working under the approved Plan of Operations (PR April 3, 2014) TMI has now received approval to conduct these trenching activities. A nesting bird survey needs to be completed prior to trenching, which is only expected to take a few days and subject to no nesting birds being located, the trenching program can then start with equipment expected on site within two weeks.
In addition to the Thor trenching program, we have the possibility of similarly exploring the other 11 high grade vein targets. The next target we will likely explore would be the historic Iris Mine site and surroundings. The Iris Mine site is located 1,000 metres east of the Grey Eagle resource in Nevada. Future press releases will provide further information on this target as our exploration program progresses.
About TriMetals Mining Inc.
TriMetals Mining Inc. is a growth focused mineral exploration company creating value through the exploration and development of the near surface, Gold Springs gold-silver project in mining friendly Nevada and Utah in the U.S.A.
The Company’s approach to business combines the team’s track record of discovery and advancement of large projects, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.
Timeline
Read the press release here.
TriMetals Thor Gold Springs
TriMetals Thor site Gold Springs project