Summary

Mine Type	Open Pit
Study Completed	Feasibility
Stage	Permitting
Commodities	Molybdenum
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	Mount Hope (Mt. Hope) Project is one of the largest and highest-grade primary Molybdenum deposits in the world. Exploration of a potential high-grade, copper-silver target being advanced along with a zinc mineralized area at the Mt. Hope Project site. Summaries of Geology, Mining, Crushing, and Processing are based on data from the "Mount Hope Project Form 43-101F1 Technical Report" effective January 15, 2014. Life of Mine, Production, and Costs, are derived from the "Mount Hope Project Form 43-101F1 Technical Report", effective December 31, 2021 (this report is not publicly available). There has been no updated information about Mt. Hope Project since August 2024.

Deposit type

• Porphyry

Summary:

The Mount Hope Deposit is a classic molybdenum porphyry, typified by the deposit at Climax Colorado. This type of deposit has well zoned molybdenum (moly) mineralization where the grade zoning surrounds the central zone of the deposit and forms geometries that are circular in plan and arch shaped in section.

Mount Hope differs from Climax in that the multiple mineral centers are adjacent horizontally rather than juxtaposed over the same porphyry center. The centers of mineralization are referred to as the east and west mineral systems. The eastern and western mineral systems each contain mineral shells at least 3,300 ft in diameter, and the two systems are centered about 2,300 ft apart along a west-northwest axis. The mineral zones or “shells” consist of quartz stockwork veining that contains molybdenite that is hosted within both porphyry and sedimentary units.

Mineralization
The main form of molybdenum mineralization is molybdenite (MoS2), developed within the porphyritic igneous rocks and in the Vinini hornfels adjacent to the southern margin of the igneous rocks. Much of the known molybdenite is distributed around two mineralized systems consisting of two dome shaped zones of mineralized stockworks. These zones are shaped like inverted bowls along an east-west trend. The two systems form east and west mineral systems that intersect each other.

Eastern and Western Minerals Systems
The western mineral system is characterized by a triangular distribution of molybdenum grades in plan view with well-defined grade zones. Mineralization is best developed in the southern and eastern quadrants of this system. The center of the system is directly above the western quartz porphyry intrusive stock.

The eastern mineral system contains well-developed mineral grade shells in quartz porphyry above the eastern porphyry stock. In the northwest quadrant of the system, these shells are continuous with mineralization of the overlap zone. The apex of the mineral system has, however, been sliced off and faulted down and eastward along the Mount Hope Fault. The offset fault mineralization is theorized to lie above the fault.

Overlap Zone
A concentration of higher-grade mineralization is present between the eastern and western mineral systems. Referred to as the overlap zone, this zone is roughly 1,300 ft in diameter and varies from 325 to 985 ft thick. The top is 325 ft below the ground surface. This zone is the nucleus of the open pit target. Overlap mineralization lies beneath the Mount Hope Fault, and the upper, eastern edge is truncated by the fault surface. The overlap zone is interpreted as a rock volume that was mineralized by both mineral systems in sequence, contributing to a greater intensity of stockwork veining and additive molybdenum grades.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Commodity Production

Personnel

Job Title	Name	Ref. Date
.......................	.......................	Aug 6, 2024