Regional Exploration

With the acquisition of the East Tintic project in early 2019, TCM immediately commenced an aggressive program of regional exploration with the acquisition of a high-resolution UAV magnetic survey over the company’s main land package, together with new detailed field mapping and the first systematic soil sampling to be collected over a large portion of its leases. Detailed field mapping and sampling will be progressively expanded over coming field seasons, together with drill testing of identified targets.

Compilation and synthesis of the large library of scanned legacy datasets is ongoing, with over 20,000 historic maps, cross sections and documents covering the entire East Tintic district and its past mining operations having been scanned to digital PDF format by the previous owners. Prioritization of the legacy data, and feeding this into a structured pipeline of exploration projects for structured and systematic assessment is a critical step in a district of such abundant mineral endowment. Synthesis of the legacy datasets into modern mining and exploration software, driving smarter targeting and decision making using modern exploration tools and techniques is a key differentiator that TCM brings to the project.

The exploration potential across the entire East Tintic district is abundantly apparent. Little modern exploration has been conducted over an area of prolific historic production, where mineralization under cover presents both its challenges but also its potential for significant rewards. The value of the historic legacy datasets on the project provides an immediate fast-route to the further identification of significant mineralization, both near-mine and regionally across the TCM land holding. TCM plans to progressively identify, interpret and evaluate each of the targets that it generates through applied geology, utilizing modern exploration technologies and techniques.