For thousands of other reports visit RSC's Mineral Intellingence Map
Transatlantic Mining Corp.
Summary
| Project: | US Grant Mine | |
|---|---|---|
| Deposit: | US Grant Mine | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 12/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2016: Transatlantic Mining Corp. announces a PEA report for its US Grant Mine deposit at the US Grant Mine project. PEA results incl. NPV(5%) of $5.99M, IRR of 278%. The US Grant Mine is a group of patented and unpatented claims within the Alder Mou | |
| Resources: | ||
| CP/QP: | [Resources]: J. Chris Pfahl (Silver Valley Engineering) | |
| ABSTRACT: | The US Grant Mine is a group of patented and unpatented claims within the Alder Mountain Project. The Alder Mountain Project property comprises a total of a 535 acre land package with 5 patented and 28 unpatented claims located in the Virginia City Mining District of Madison County, Montana. Transatlantic Mining Corporation (TCO) has an exclusive Option and Lease to Purchase Agreement with current owners, Madison Mining Corporation (MMC) and Elite Properties, for the US Grant Mine and Alder Mountain Project which commenced on January 18, 2016. On completion of the terms of this agreement, TCO, at its election within the 16 month (4 month due diligence and 12 month lease) period, can earn 100% ownership on purchase. TCO can also utilize all plant and equipment within the lease period with all processing benefit direct to TCO. The primary purpose of this report is to provide a National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects compliant resource estimation and Preliminary Economic Assessment (PEA) for the patented portion of the US Grant Mine property based predominantly on recent TCO sampling programs, historical information, of accessible US Grant Mine workings. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report