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Gold Springs Resource

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TriMetals Mining Inc. (formerly South American Silver Corp.)
Company typePublic
IndustryMining
FounderRalph G Fitch and Felipe Malbran
Headquarters
Vancouver
,
Canada
Key people
Ralph Fitch, President & CEO
Matias Herrero, Chief Financial Officer
Randy Moore, VP of Exploration North America
Felipe Malbran, VP of Exploration South America
David Dreisinger, VP of Metallurgy
ProductsGold
Silver
Copper
Websitewww.trimetalsmining.com

TriMetals Mining Inc. (formerly South American Silver Corporation) is a mining company that focuses on the exploration and development[1] of properties in North America and South America. It currently owns two development-stage properties, Gold Springs and Escalones, and is pursuing international arbitration against Bolivia for the nationalization of the Malku Khota project. Gold Springs is located in the Nevada and Utah border, Malku Khota located in Bolivia[2][3][4][5] and Escalones located in Chile.[6] Malku Khota is considered one of the largest known undeveloped silver and indium[7] resources in the world.[3][8][9]

Properties

Gold Springs

The Gold Springs project is an advanced exploration stage gold and silver project located along the Nevada-Utah border in the U.S. in western Iron County, Utah, and eastern Lincoln County, Nevada, and consists of 961 unpatented lode claims, 13 patented lode claims, four State of Utah leases, and one surface real estate deed parcel and right-of-way covering a total of approximately 7,470 hectares (ha). The Gold Springs property is held by TriMetals through Gold Springs LLC, a wholly owned subsidiary of High Desert Gold Corporation (“HDG”). Prior to March 17, 2014, TMI was known as South American Silver Corp., which acquired 100% ownership of HDG on December 20, 2013. HDG is now a wholly owned subsidiary of TMI.[10]

Malku Khota

The Malku Khota mineralization is in a tabular sandstone unit with silver, indium,[11] gallium and base metal mineralization beginning at the surface and spanning 15 km.[12] The property holds one of the world’s largest known undeveloped silver, indium[8][9] and gallium resources as reported in the company’s May, 2011 43-101 technical report.,[13] with an Indicated Resource of 230.3 million ounces of silver, 1,481 tonnes of indium and 1,082 tonnes of gallium. It also possesses an Inferred Resource of 140 million ounces of silver, 95 tonnes of indium and 1,001 tonnes of gallium.[13]

On July 12, 2012, the Bolivian president, Evo Morales, announced the intention to revoke South American Silver's permit for the Malku Khota concession by decree.[14]

Escalones

Escalones is a copper, silver, gold, and molybdenum porphyry and skarn prospect. The property is located 35 km east from El Teniente, the world’s largest underground copper mine, and 100 kilometers south-east of Santiago, Chile. According to a detailed Feb 2012 NI 43—101 technical report provided within South American Silver Corp.’s 2011 corporate report, Escalones possesses a newly defined Inferred Resource of 420 million tonnes of mineralized material contains 3.8 billion pounds of copper, 56.9 million pounds of molybdenum, 610,000 ounces of gold and 16.8 million ounces of silver.[15]

Company information

TriMetals Mining Inc.’s head office is located in Vancouver, BC, Canada. The President and CEO is Ralph Fitch. The company also has three other offices located in Denver, Bolivia, and Chile. TriMetals Mining Inc. is listed on the Toronto Stock Exchange and the US OTCQX market .[6]

Among the company's shareholders are Zamin Precious Minerals Limited[16] and Izurium Capital.[17]

References

  1. ^ Pett, David. "Smaller Silver Equities Poised for Bigger Returns". Financial Post. Retrieved July 25, 2011.
  2. ^ "South American Silver Advances in Bolivia". The Northern Miner.
  3. ^ a b Udovich, John. "SAC, MRZ and AGXMF: Under the Radar South America Gold or Silver Mining Stocks (PMU, SVL, AUN)". Small Cap Network. Retrieved July 20, 2011.
  4. ^ Rakhimov, Sean. "Silver Going Mainstream in 2011". mining.com. Retrieved July 25, 2011.
  5. ^ "South American Silver Corp Mine Not Part of Bolivia 'Recovery' Review; Shares Reclaim 17% From Thursday Fall". Nasdaq. Retrieved July 25, 2011.
  6. ^ a b "South American Silver Corp. (TSX: SAC) CEO Interview". Wall Street Reporter. Retrieved July 25, 2011.
  7. ^ O'Connor, West, Claire, James. "South American Silver Corp Plans Path To Indium Dominance". Midas Letter. Retrieved July 25, 2011.{{cite web}}: CS1 maint: multiple names: authors list (link)
  8. ^ a b "Silver Loses Its Shine". CNBC.
  9. ^ a b Exner, Kirk. "10 Most Interesting Silver Stocks". High-Grade Review.
  10. ^ [1] TriMetals Mining Inc. website
  11. ^ "Critical Materials Strategy" (PDF). U.S. Department of Energy.
  12. ^ "South American Silver". Beacon Rock Research.
  13. ^ a b "GoldMinerPulse Report: South American Silver Corp. Metal Value". GoldMinerPulse. Retrieved July 25, 2011.
  14. ^ Malku Khota
  15. ^ "2011 Corporate Report" (PDF). South American Silver Corp. Retrieved 3 May 2012.
  16. ^ South American Silver Corp. Announces Closing of $31.9 Million Financing
  17. ^ South American Silver Announces Annual General Meeting Results
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