Crypto Zn-Cu-In

The approximately 1,600 ha (3,950 ac) Crypto property is located in Utah about 160 km (100 mi) southwest of Salt Lake City and is easily accessable by road. Grid power is available on the property and rail lines are present within 110 km (70 mi) to the west, north and east.

Utah has a long history of mining. It ranked 7th overall in the Fraser Institute’s latest evaluation of mineral policy and potential in 68 jurisdictions around the world. In 2007, it ranked fourth in the USA for non-fuel mineral production, of which base and precious metals accounted for almost US$3 billion in value. Several mining projects are in development and a second uranium mill is in the process of being permitted and rehabilitated. The improved metals market in the last couple of years has also led to a substantial increase in mineral exploration in the state, with uranium, base metals, gold and iron being the main commodities of interest.

Crypto's US location is particularly advantageous in that it will give the project full exposure to US dollar denominated commodity prices. With the decline of the US dollar and strengthening foreign currencies, metal production in many other countries has seen little or no benefit from rising metals prices.

Geologically, the Crypto property deposit is situated in the northeastern part of the Basin and Range province, famous for hosting world-class epithermal gold deposits in Nevada. Crypto is a skarn - carbonate replacement deposit (CRD), similar in some respects  to the world class Bingham, Park City, Tintic and other CRD districts elsewhere in Utah whose historic production at today's metal prices would have values ranging from US$2-6 billion. The property also includes the historic Fish Springs Mining District which, from the late 19th century through the mid-1970's, recorded small scale production of high grade silver-lead ore averaging 40% lead and 4,300 grams silver per ton (125 oz/ton) from veins and oxidized replacement deposits.