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Transaction Announcement Reports
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Project: | US Grant Mine | |
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Deposit: | US Grant Mine | |
Location: | United States | |
Commodities: | Gold-Silver | |
Date: | 8/4/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 4-8-2017: Transatlantic Mining Corp. announces an Exploration/Drilling Update report for its US Grant Mine deposit at the US Grant Mine project. Drilling results incl. 2.04m @ 5.21g/t Au, 132.92g/t Ag from 48.68m. TCO NEWS RELEASE-VANCOUVER, B.C., August | |
Resources: | x | |
CP/QP: | [Overall Report]: n/a (n/a) | |
ABSTRACT: | TCO NEWS RELEASE-VANCOUVER, B.C., August 4, 2017 – Transatlantic Mining Corp. (the “Company”) (TCO:TSX.V). As a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify disclosure for the US Grant Mine within the Alder Mountain Project. In December of 2016, the Company filed a technical report on SEDAR for its US Grant Mine property entitled “The Mineral Resource and Preliminary Economic Assessment at the US Grant Mine Property, Virginia City, Madison County, Montana, USA”, (the “Original Report”). The Original Report was selected for review by the British Columbia Securities Commission (the “BCSC”). As a result of that review the Company, in a news release dated April 20, 2017, advised investors that the Original Report should not be relied upon until a compliant report was filed. The Company commissioned a new report filed on SEDAR August 4, 2017, entitled, “The Geology and Mineralization of the U.S. Grant Mine Property Virginia City, Madison County Montana U.S.A” (the “New Report’). The New Report does not contain a current mineral resource estimate, and therefore no economic analysis, for the US Grant Mine property. The New Report also updates the drilling data contained in the Original Report to include the results of additional drilling and assays around historic hole USG 88-2, obtained in the intervening period. | |
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