Tintic, Utah
1. 84.6% current ownership interest by acreage; options and lease rights cover balance aggregating to 100% of the mineral title by acreage.
Third largest US silver mining district after Coeur D’Alene, ID and Butte, MT.
Historically there were thirty mines in operation, most closing down during the Great Depression.
2.18 Moz gold, 209 Moz silver, 116 kt copper, 589 kt lead and 63 kt zinc, historically produced from both surface and underground mines.
Located 95km from Salt Lake City, UT
60 km due south of Rio Tinto’s Bingham Canyon porphyry copper-gold mine – one of the most productive copper-gold mines in the world – Tintic’s age and geologic setting are similar.
Historical mining stopped at the water table, but mineralization is believed to continue to depth.
Ivanhoe Electric has used its proprietary Typhoon™ technology to re-invigorate this historically significant USA mining district.
Significant land consolidation
- ~65 km2 of patented and unpatented claims, and an additional 75 km2 of state leases and prospecting permits.
- Ivanhoe Elecrtric has 84.6% current ownership; options and leases to 100%1.
Three porphyry copper targets identified by Typhoon™ survey
- Typhoon™ de-risks mineral project exploration by lowering costs and increasing the depth, breadth and accuracy of surveys.
- Allowing Ivanhoe Electric to potentially discover deposits otherwise thought to be undetectable through conventional survey methods.
Bingham Canyon-like porphyry targets
- Rabbit's Foot, Sunbeam and Deep Mammoth targets all appear to have similar characteristics to the mineralized porphyry at the Bingham Canyon mine.
- Targets are fully permitted and ready for drilling.
Possible extensions to historically mined zones
- Diamond drilling will target extensions to historically mined zones beyond their known limits.
- Potential exists to discover additional mineralized zones below the water table.
1. 84.6% current ownership interest by acreage; options and lease rights cover balance aggregating to 100% of the mineral title by acreage.
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