Trixie Gold Mine Overview

The Trixie mine is a historic high-grade gold-silver underground mining operation located in TCM’s East Tintic mining district. With TCM’s focus on high-grade gold assets, the Trixie mine was quickly identified as the first within a pipeline of quality historic mining operations that represented significant opportunity for near-term gold production and future exploration upside. Early new resource discoveries by TCM within the existing Trixie mine footprint have provided validation and proof of concept for revitalizing the historic mine assets within the world-class Tintic mining district.

The Trixie mine first operated between 1965 to 1995, and again during a brief period 2000 to 2002 with a total of six historic underground levels developed to a depth of 1350 ft. The Trixie is a dry mine, with the water table located a further 100 ft beneath the deepest level of workings.

TCM commenced refurbishment of the Trixie mine in September 2019, and in less than a year the refurbishment of the main shaft and ventilation shaft to the upper 625 level, and re-instatement of all services and access along the 625 level were completed safely and successfully, leading to the official reopening of the Trixie mine in June 2020.

Mining and production from the upper 625 level commenced ahead of schedule in Q4 2020, with further rehabilitation of the main shaft and access to the underlying 750 level scheduled for completion by April 2021.

Exploration drilling and underground development completed in 2020 resulted in the significant discovery of several new high-grade mineralized structures, located only 50 ft from the existing underground infrastructure that remain completely open at depth. This discovery refocused the project from pure exploration and resource development into one of production and ore sales. By Q4 2020, TCM produced and sold its first gold, generating its first revenue with a goal of becoming cash flow positive by Q1 2021.