TRANSATLANTIC MINING CORP. Drilling Results at the Golden Jubilee Project of 10.7 m at 9.9 g/t Au
TCO NEWS RELEASE-VANCOUVER, B.C March 14 2022 - Transatlantic Mining Corp. (the "Company") (TCO:TSX.V) is pleased to announce initial drill results for the first phase of drilling at the Golden Jubilee Mine and associated claims in Granite County, Montana USA. The drilling confirms that the structure continues with new and recent results recorded down dip and along strike from the existing drillholes and mine development completed in 2014 .
Highlights
Recent Drill Results
- Drillhole # 1610 - 10.7 metres at 9.9 g/t Au ( 7.0 m true width) Including 3.7 metres at 18.46 g/t Au
- Drillhole # 1613 - 4.3 metres at 5.19 g/t Au ( 4.0 m true width )
- Drillhole # 2101- 3.7 metres at 5.05 g/t Au ( 3.5 m true width ) Including 1.0 metre at 11.3 g/t Au
The following long section (Figure 1) highlights the new intersections in concert with the existing mining and processing information undertaken at the Golden Jubilee Project.
Figure 1: Long Section looking North West on Golden Jubilee Vein
Transatlantic Mining Corp. | Suite 400 | 837 West Hastings Street | Vancouver | Canada V6E 3T5
T 604-424 8257 | F 604-357 1139| www.transatlanticminingcorp.com
Drilling
The Company has in part completed its first drilling campaign into the Golden Jubilee deposit and is reporting five recent assay results ( Table 1* ). The Company is fully funded to complete this program and to also undertake follow up drill programs in the spring and summer of 2022. The mineralization has been intersected down dip and along strike from previous intersections and the drill results provide sufficient encouragement to engage in further drilling. Exploration Permits have already been received and an addendum that will allow further holes to be drilled has been lodged. The gold mineralization intersected by the diamond drilling is within an iron rich replacement and sulphides zone and shear; along with associated quartz. Some characteristics of the mineralization include:-
- The drilling intersections are shallow between 30 and 80 metres from surface.
- The contacts to the mineralization are in competent marbleised limestones.
- There is now evidence for multiple parallel mineralized structures.
"We have now confirmed that drilling the target geology and extension of the known mineralization exists within our first phase of activity. This supports and underpin deeper and longer extensions to the high grade mineralization observed at the Golden Jubilee to date. This information with existing high grade production and processing information will support and develop our model of the high grade and parallel exploration structures further." commented Bernie Sostak CEO of Transatlantic Mining.
Drillhole | Length | True | ||||
From (m) | To (m) | Width | g/t Au | Vein | ||
Number | (m) | |||||
(m) # | ||||||
GJ 1610 | 31.2 | 34.7 | 3.5 | 3.5 | 2.42 | Golden Jubilee |
GJ 1611 | 36.3 | 46.9 | 10.7 | 7.0 | 9.89 | Golden Jubilee |
Includes 3.7 m at 18.46 g/t Au | ||||||
GJ 1612 | NSI | Exploration | ||||
GJ 1613 | 53 | 57.3 | 4.3 | 4 | 5.19 | Golden Jubilee |
64 | 68.3 | 4.3 | 4 | 1.35 | Parallel Vein | |
GJ 2101 | 75.5 | 78.6 | 3.7 | 3.5 | 5.05 | Golden Jubilee |
Includes 1.0 m at 11.3 g/t Au |
Table 1(*) : Recent HQ Diamond drill assay results for gold at > 1.0 g/t Au
About Golden Jubilee
The 22 Golden Jubilee claims (Figure 2) are situated in Granite County, Montana USA and have had a number of previous owners. There has been only limited exploration and mining on the regional Red Lion (vein) Line, which is known to continue over a regional strike of 7 km in length. The Golden Jubilee Mine is located in mountainous country at an elevation of approximately 2,350 m.
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Historical Production
Although some mining occurred prior to 2000 there are few productions records in existence. Table 1 contains the results from a bulk sample taken in 2000 and the more recent 10,000 t parcel mined over a five month period in 2014.
Table 2: Recent Trial Mining and Processing of the Golden Jubilee Mine 2000 and 2014
Period | *Analysed/**Processed at | Tonnes | Grade ( g/t | Au Gravity % | Au Total % |
Au) | Recovery | Recovery | |||
September 2000 | *Barrick-Golden Sunlight | 447 | 64.7 g/t Au | NR | 96.7 % |
July- September 2014 | **Phillipsburg Mill | 3,864 | 10.47 g/t Au | 47 % | 78.2 % |
September - | **Barrick -Golden Sunlight | 5,908 | 8.05 g/t Au | NR | 88.5 % |
November 2014 |
NR= Not recorded separately
Historical Drilling
Previous exploration drilling has included 37 holes drilled prior to 2013 where the gold mineralisation and vein had been observed to be approximately 2.5 m wide with an 80-degree dip. Enrichments and wider mineralisation widths have been observed on geological cross structures striking at an obtuse angle to the Red Lion vein trend.
Review by Qualified Person (* Note Table 1,2,3 )
Aslam Awan PhD CP MAusIMM (CP Geo) is the Qualified Person pursuant to National Instrument 43-101 responsible for having reviewed and approved, the technical information contained in this news release. Mr Awan is the Principal for AAA GeoConsultants :
(*)The new diamond drill HQ core samples were crushed in whole to plus 70 % passing 2 mm and then split and pulverised with analysis for gold and silver at the Christofferson Laboratory, Smelterville, Idaho USA. The Laboratory is an independent assay and umpire laboratory that follows industry techniques with blanks and standards inserted on batches of 25 with the sample being pulverised and analysed with a 30 gram fire assay charge with a gravimetric finish. True widths were estimated based on the dip cross section width of the mineralisation at 1.0 g/t Au cutoff ( Table 2). Table 3 are historical holes drilled and assayed
Further announcements will be made in regard to the activities as they transpire.
About Transatlantic Mining Corp.
Transatlantic Mining (TSX-V:TCO) is an emerging precious and base metal explorer. The Company has a focus on converting projects into mines within stable mining jurisdictions. The Company currently has property interests including an 80% Joint Venture position on the Monitor Copper-Gold project in Montana-Idaho (USA) and 100 % of the Golden Jubilee Gold Project with its associated mining rights. The Company has also a lease to purchase arrangement for the Miller Gold Mine in Montana to 100% ownership.
For further information please contact: Bernie Sostak +61 (0) 439 904 044
Email :bsostak@transatlanticminingcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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Drillhole | Length | True | ||||
From (m) | To (m) | Width | g/t Au | Vein | ||
Number | (m) | |||||
(m) # | ||||||
GJ 1 | 64.8 | 65.5 | 0.8 | 0.7 | 6.51 | Golden Jubilee |
GJ 2 | 115.1 | 115.8 | 0.8 | 0.7 | 1.71 | Golden Jubilee |
GJ 3 | 51.1 | 62.5 | 4.6 | 4.5 | 7.20 | Golden Jubilee |
Includes 2.3 m at 21.1 g/t Au | ||||||
GJ 6 | 44.2 | 62.5 | 9.9 | 5 | 3.56 | Golden Jubilee |
GJ 8 | 68.6 | 72.4 | 3.8 | 3.6 | 7.82 | Golden Jubilee |
Includes 3.0 m at 9.1 g/t Au | ||||||
GJ 11 | 63.2 | 67.1 | 3.8 | 3.8 | 3.43 | Parrallel Vein |
74.7 | 81.5 | 6.2 | 4.6 | 5.66 | Golden Jubilee | |
Includes 2.3 m at 8.3 g/t Au | ||||||
GJ 14 | 48.8 | 53.3 | 4.6 | 4.5 | 8.25 | Golden Jubilee |
GJ 14 | 60.2 | 64.8 | 4.6 | 4.5 | 2.17 | Parrallel Vein |
GJ 15 | 51.8 | 56.4 | 4.6 | 4.5 | 4.28 | Golden Jubilee |
GJ 16 | 69.3 | 71.6 | 2.3 | 2.1 | 2.74 | Golden Jubilee |
GJ 25 | 79.2 | 85.3 | 6.1 | 5.5 | 1.18 | Golden Jubilee |
GJ 28 | 119.6 | 120.4 | 0.8 | 0.8 | 3.09 | Golden Jubilee |
GJ 29 | 153.2 | 156.2 | 3.0 | 3 | 1.46 | Golden Jubilee |
GJC 1 | 56.1 | 57.3 | 0.9 | 0.9 | 3.54 | Golden Jubilee |
GJC 2 | 49.1 | 53.5 | 4.4 | 4.4 | 31.66 | Golden Jubilee |
GJC 3 | 45.7 | 50.1 | 4.4 | 4.1 | 10.01 | Golden Jubilee |
Includes 2.0 m at 19.2 g/t Au | ||||||
GJC 4 | 39.6 | 56.4 | 15.7 | 13 | 3.54 | Golden Jubilee |
Includes 2.6 m at 7.0 g/t Au | Golden Jubilee |
Table 3 : Historical Drill assay results for gold at > 1.0 g/t Au
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Disclaimer
Transatlantic Mining Corp. published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 13:11:02 UTC.
