Iron Mask Presentation 2016
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Transcript of Iron Mask Presentation 2016
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Trident Exploration
Iron Mask PresentationFEBRUARY 2016
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Disclaimer
Some of the statements contained in this presentation are forward-looking statements, such as estimatesand statements that describe future plans, objectives or goals, including words to the effect that Tridentexploration, Inc. expects a stated condition or result to occur. Since forward-looking statements addressfuture events and conditions, by their very nature they involve inherent risks and uncertainties. Actualresults relating to among other things, reserves, resources, results of exploration, reclamation and otherpost-closure costs, capital costs and mine production costs could differ materially from those currentlyanticipated in such statements by reason of factors such as changes in general economic conditions andconditions in the financial markets, changes in demand and prices for the minerals, litigation, legislative,environmental and other judicial, regulatory, technological and operational difficulties encountered inconnection with mining activities, labor relations matters, costs and changing foreign exchange rates. Thislist is not exhaustive of the factors that may affect any of the forward-looking statements contained inthis presentation. These and other factors should be considered carefully and readers should not placeundue reliance on such statements. Unless otherwise indicated, all amounts are expressed in U.S. dollars.
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Iron Mask Project
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Trident ExplorationLand Position
Mining Claims
47 Un-patented mining claims
Covering approximately 940 acres
Talache Claims 1 – 34
Bi-metallic Claims 1 - 14
State of Idaho Mineral Lease
640 acres
10 Years with right to renew for ten years.
5% Royalty
$640 per year annual payments
Exempt from all State Sales Tax on mining equipment used in production.
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Iron Mask Project
High Grade Silver Project. Same “Belt Series” Rocks as the Coeur d’ Alene Mining District
which produced over 1 billion ounces of Silver located 50 miles away. Same rock package
that hosts Hecla’s Rock Creek project that contains 220 million ounces of silver
approximately 50 miles away.
Both near term economic production opportunity concurrent with potential to discover
world class ore body.
Large land position hosting multiple high-grade silver veins.
Idaho State Lease has reasonable and near term ability for approval for mining.
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Project Geology
Same “Belt Series” rocks as the Coeur d’ Alene Mining District which produced over 1 billion ounces of silver. 50 miles away.
Hosted in the most favorable St. Regis/Revett formations for High Grade Silver Veins.
Similar Mineralogy to the higher grade Silver Veins in the CDA district.
Samples as high as 229 ounces per ton have been taken across the Iron Mask Vein.
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Coeur d’ District Type Veins Known to Persist
to Great Depth
Ore Veins Persist to Depth
Star Mine – Mined one vein over 7,800 vertical feet
Sunshine – Mined associated veins over 6,400 vertical feet
Bunker Hill – Mined over 5,000 vertical feet
Galena Mine – Mined associated veins over more than 5,000 vertical feet
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Geology and structure
map of the Iron mask
Project area in section
36. Note claim area in
heavy blue outline,
Iron Mask and surface
veins in red dotted
lines, and cross
section and
longitudinal section
lines.
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Multiple High Grade Veins within Project Area
Iron Mask Vein
Lucky Joe Vein
Catherine Vein
Brown Bear Vein
Talache Vein
Keystone Vein
Dakota Vein
Lucky Joe Vein Historic Resource of 92,637 Tons of ore @
.09 gold and 15.49 ounces per ton silver. Followed in the
Talache Mine for 3000ft. Of strike and 1800 ft. at depth. It
still open along both strike and dip.
3 Recent Dump Sample Assayed .096 ounces per to gold and
70.9 ounces per ton silver, .168 ounces per ton gold and 11.92
ounces per ton silver, and .15 ounces per ton gold and 10.50
ounces per ton silver.
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Historic Production
• Talache Mine is estimated to have 2 million ounces of silver between 1922
and 1926. Copies of old Smelter shipments from the 1920s’ show silver
averaged 500 ounces per ton from hand sorted ores.
• A 993 pound shipment of ore shipped to the Tacoma smelter in the 1950’s
averaged 0.04 oz Au/ton, 178.78 oz Ag/ton and 2.11% Copper
• In the early 1980’s a load of ore was hauled to the Teck smelter in Trail,
British Columbia, Canada for payment of $15,000. The ore averaged over 80
oz Ag/ton.
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Iron Mask Vein
The total estimated amount of silver and
copper contained within the Iron Mask ore
shoot is 820,611 ounces silver and 2,486,700
pounds of copper from 41,445 tons of ore.
195 feet of potential mineable ore at four feet
width, 140 feet above track level for a resource
of 10,745 tons at 19.8 oz. Ag/ton, and 0.30%
copper.
30,700 tons at 19.8 oz. Ag/ton, 0.30% Copper
was estimated below track level to the Iron
Mask #3 Tunnel Level located 400 feet below
the #2 tunnel.
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Cross section looking
north 25 degrees west of
the Iron Mask #1, #2
and #3 tunnels. Note the
Iron Mask Vein in light
red and a late un-
mineralized vein to the
east.
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Longitudinal section looking north 60 degrees east of the Iron Mask #1, #2, and #3 tunnels. Note the light red outline of
the Iron Mask Vein and resource blocks (10,745 tons at 19.8 oz. Ag/ton to 140 feet above track level and 30,700 tons at 19.8 oz.
Ag/ton to 400 feet below track level to the Iron Mask #3 tunnel. A mining width of 5 feet wide would decrease the overall
grade to 15.9 oz. Ag/ton, 0.2% Cu for a resource of 13,440 tons located 140 feet above the #2 tunnel and 38,400 ton resource
located between the #2 and #3 tunnels (tonnage would increase by approximately 20%).
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Scope of Work for Iron Mask Mine
Development of Mine Plan and Engineering Study.
Rehab # 2 Portal.
Rehab # 2 Tunnel to Ore Body.
Rehab # 1 Tunnel to secondary escape way to raise between tunnels 1 and 2.
Final Preparations for mining first ore block.
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Iron Mask Vein
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SAMPLE # GOLD/OPT SILVER/OPT COPPER %
1 100 <0.002 3.64 0.198 ASSAYS FROM IRON MASK VEIN2 1001 0.020 111.9 1.21
3 1002 0.052 45.3 0.840
4 1003 0.029 30.7 0.371
5 1004 0.160 229.5 3.00
IRON MASK #3 TUNNEL
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Sampling Along the Iron Mask Vein in the Iron Mask #2 Tunnel
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Lucky Joe Vein Historic Resource
Block Tons Au(oz/ton) Au(total ounces) Ag(oz/ton) Ag (Ag(total ounces)
1 24,687 0.10 2,469 23.32 575,701
2 15,100 0.09 1,359 15.00 226,500
3 16,900 0.09 1,521 15.00 253,500
4 2,700 0.10 270 49.00 132,300
5 3,250 0.10 325 16.00 52,000
6 30,000 0.07 2,100 6.50 195,000
92,637 0.09 8,044 15.49 1,435,001
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Brown Bear Vein
• Hole SB – 2 drilled to investigate the Brown Bear intercepted to ore zones.
• Shallow zone in the Wallace Formation intercepted 5 ft. @ 10.2 ounces per
ton silver, 4.6% lead and .5 % zinc.
• Deeper zone intercepted the upper St. Regis Formation and a 4ft. Vein @ 6.6
ounces per ton silver and .2 ounces per ton gold.
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Contact Info for Trident Exploration
Kurt J. Hoffman, President, (208) 661-7517 or [email protected]
Wade Black, Chief Financial Officer, (646) 775-4820 or wade@scarsdale-
equities.com