Exploration and Resource Development

TCM commenced underground core drilling in mid-2020, targeting exploration and resource definition opportunities identified in the historic Trixie datasets, in particular mineralization interpreted to be located in the footwall to the historically mined 75-85 fissure zone. Drilling followed by early exploration development into the footwall of the 75-85 fissure identified significant high-grade and bonanza ore grade mineralization on a newly identified steeply east dipping structure.

This early success has provided proof of concept for TCM’s exploration and targeting efforts, in particular bringing historic and legacy datasets into 3D mining software for the first time and applying modern exploration and mining methods to drive significant shareholder wealth creation.

Ongoing mining and exploration development at Trixie, coupled with strategically located underground resource definition drilling will continue to define and grow the gold and silver resource base. Mine rehabilitation on the deeper 750 and 900 levels of the Trixie mine will continue together with drilling targeting the depth extensions of the newly identified bonanza and high grade structures identified to date.

Internal resource work leading to a future updated resource statement for the Trixie mine is currently underway.

Significant potential exists to expand the Trixie resource base, with the potential to identify additional high-grade structures in both the footwall and hanging wall of the historic mine development, as well as the along strike and depth extensions of the known mineralized shoots beneath the historic 1200 and 1350 levels of the mine.

Active mine face on the T2 structure, with the bonanza grade Xocomecatlite bearing footwall breccia and significant high-grade quartz stockwork veining developed in the immediate hanging wall of breccia. The T2 structure dips steeply to the east, away from the lower levels of historic mine development.

Channel Face Sampling

Plan map of the T2 structure, striking north-south with significant bonanza and high-grade gold and silver mineralization recorded over a strike length of 302 feet to date. Channel face sampling with composited gold (Au) and silver (Ag) grades in ounces per ton are listed, with mineralization remaining open in all directions. The T2 structure was intercepted only 44 ft east of the historic mine development on the 625 level.
Channel face sampling of the T2 structure with composited gold (Au) and silver (Ag) grades listed by their continuous width in ounces per ton. Location of channel samples referenced north and south of the 609 cross-cut is provided, and graphically shown in figure 2 below. Bonanza and high-grade mineralization is currently developed over 302 feet of strike length and remains open in all directions.