Marysvale Project

The Marysvale project, Trigon’s first uranium development asset, is located in the historic Uranium Marysvale Mining District in south-central Utah, approximately 300 kilometres south of Salt Lake City. Utah has been, and will again be a prolific producer of Uranium. The state is very mining friendly and the mining cost structure is very low thereby allowing for profitable uranium mining.

From 1952 to 1966, 275,000 tons of ore from the Marysvale Mining District, were mined and milled to produce 1,100,000 pounds of Uranium of U3O8. The average grade of the uranium ore was 0.22% U3O8 (4.4 lbs/ton). The producing mines were located in the district’s “Central Mining Area” and included the Bullion, Monarch, and Prospector mines. Trigon has secured a large land position, approximately 30 times the size of the Central Mining Area, immediately to the east of the old producing mines.

Exploration by Minex Uranium Company (“Minex”) and Phillips Uranium Company (“Phillips”) prior to 1982 on the Marysvale property reported an estimated 1.8 Million lbs uranium mineralization within the central 1/3 of the property. Trigon has gained access to large amounts of Minex and Phillips exploration data and our uranium team is currently carrying out a two-phase work program with the aim to at least triple the reported historical resource.

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