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Transatlantic Mining Corp.
Summary
| Project: | US Grant Mine | |
|---|---|---|
| Deposit: | US Grant Mine | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2017: Transatlantic Mining Corp. announces an Exploration/Drilling Update report for its US Grant Mine deposit at the US Grant Mine project. Drilling results incl. 2.8m @ 17.91g/t Au, 106.44g/t Ag from 54.07m. Transatlantic Mining Corp. (the “Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Chris Pfahl (Silver Valley Engineering) | |
| ABSTRACT: | Transatlantic Mining Corp. (the “Company”) (TCO:TSX.V) announces surface drill results from the Alder Gulch Property-US Grant Mine & Mill Complex located in the Virginia City Mining District of Madison County, Montana (USA). This report contains initial results from the phase 1 drill program which successfully intersected gold and silver mineralization, including wide high-grade gold intercepts. The intent of the program was to target a new area of the US Grant Deposit with drilling to increase confidence in the future mining plan should completion of a mining study support the technical feasibility and economic viability of the project. The resulting assays indicate that holes were correctly targeted with some measure of success. Findings from the Maiden Mineral Resource report(1) support the potential for the discovery of additional mineral resources within the US Grant property. Figure 1 and Figure 2 show the location of the existing mineral resources and the position of the intersections from the Phase 1 Diamond Drilling Program. The surface drill program comprised 14 holes for a total of 1,457 metres. Recent assay results are derived from diamond drilling conducted in October and November in a section of the deposit that had limited historical drilling. The drill holes successfully intersected gold and silver mineralization, including selective areas of high-grade gold and silver material. These include two wide, high-grade gold and silver intercepts in SURDH#1 and SURDH#6. | |
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