Project: Lincoln Gold Mine
|Stage||Development (in construction)|
Global Resource Estimate (NI 43-101)
|Indicated||138kt @ 13.75g/t – 61koz|
|Inferred||821kt @ 8.54g/t – 225koz|
|Total||958kt @ 9.29g/t – 286koz|
Source: Sutter Gold Mining Inc (Sedar: Technical Report NI 43-101 published July 24, 2015)
Trident owns a 1.5% Net Smelter Royalty (“NSR”) covering the entire Lincoln Gold Project which sits in the centre of the Californian Mother Lode which has historically produced over 13Moz of gold including 3.4Moz from areas directly covered by the NSR. The NSR includes a 5-mile area of interest which spans the majority of the Mother Lode. The NSR is fully secured by the project assets and reduces to a 0.75% NSR in perpetuity once the royalty has paid US$3M.
Existing infrastructure, including a fully functional processing plant, has been installed onsite and supports an initial 220tpd operation which is intended to be operational by the end of 2021. The project is permitted to a maximum of 1,000tpd, leaving it well placed to exploit the significant exploration potential of the region. The Lincoln Gold Mine is the only permitted project and processing plant on the Mother Lode, providing it with significant leverage to aggressively explore and acquire additional tenure for further upside to Trident’s NSR.