Tintic Consolidated Metals LLC (TCM) is a Joint Venture formed in February 2019, between IG Tintic LLC (an affiliate of IG Global Group) which owns 75% and is the operator and Chief Consolidated Mining Company (CCMC) which owns 25%.
TCM owns a large land holding in the historic, mineral rich, East Tintic District of Utah. The holdings are comprised of over 14,000 acres of patented mineral rights, involving 7000 acres of surface rights containing numerous legacy assets. These include 6 existing mines with over 20 miles of underground workings, thousands of pages of historic data and multiple facilities. Two of these existing mines are fully permitted and have approved reclamation plans and accompanying cash bonds.
IG Global Group, through its affiliate, IG Tintic LLC has brought a world class exploration and mining team with a proven track record to Tintic Consolidated Metals. In less than 20 months, the team has successfully and safely restarted the high-grade Trixie Gold Silver Mine: production and sales began in Q4 of 2020. With multiple pasts producing precious metals mines on the property, the next restart conceptualized is the high-grade Eureka Standard Gold Silver Mine, followed by the North Lily Gold Silver Mine.
Parallel to the development of the precious metals potential, the team is pursuing exploration of the multiple porphyry targets identified on the property for a deep copper-gold porphyry deposit similar to the world class Bingham Canyon deposit located approximately 50 miles north of the project.