Drilling Recommences at Golden Jubilee Gold Project
Transatlantic Mining Corp. | Suite 400 | 837 West Hastings Street | Vancouver | Canada V6E 3T5
T 604-630 7296 | F 604-357 1139| www.transatlanticminingcorp.com
Drilling Recommences at Golden Jubilee Gold Project
TCO NEWS RELEASE-VANCOUVER, B.C September 16, 2022 – Transatlantic Mining Corp. (the “Company”) (TCO:TSX.V)
is pleased to announce it will recommence drilling at the Golden Jubilee Mine and associated claims in Granite County, Montana
USA. This drill program will follow on from an initial set of drilling results from a program undertaken earlier this year and
announced in March 2022. The program will comprise of a total of 2,000 metres of drilling which will target the mineralized
structure down dip and along strike from the existing drillholes and mine development.
In addition, geophysics field work of 5,300 line metres has already been completed on the property . This is currently being
interpreted and analysed with the objective of identifying new drill targets.
September 2022 Drilling Set Up
Figure 1: Reverse Circulation Drilling Rig Set up to drill Golden Jubilee Vein
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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 a vein located on the Red Lion Line, which is a structure 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.
Figure 2: Plan View and Area with new Geophysical Ground data capture
The Geophysical lines include Induced Polarisation and Resistivity lines on 50 m spacing with 5,300 line metres now completed .
This is currently being analysed for geological responses over the property.
Drilling
The following long section (Figure 3) highlights the intersections obtained from historical drilling as well as the drilling undertaken
in March 2022 at the Golden Jubilee Project.
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Figure 3: Long Section looking North West on Golden Jubilee Vein
The Company has recommenced its first drilling campaign into the Golden Jubilee deposit after reporting five assay results in March
2022, including Hole 1611 10.7 metres at 9.9 g/t Au (including 3.7 m at 18.46 g/t Au) (Table 1). The Company is fully funded to
complete this program with an additional 2,000 metres planned to be drilled. The mineralization has been interpreted down dip and
along strike from previous intersections and the assay results provide sufficient encourageme nt to engage in further drilling.
Exploration Permits have been received to allow further holes to be drilled once this 2,000m is complete . The gold mineralization
intersected by the diamond drilling is within an iron rich replacement and sulphides zone an d 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 new evidence for multiple parallel mineralized structures.
“The first phase of drilling confirmed the presence of geology conducive to hosting gold mineralization as well as an extension of
mineralized structure . This supports and underpins the potential for deeper and strike extensions to the high grade mineralization
observed at the Golden Jubilee in combination with existing high grade production and processing information .” commented
Bernie Sostak CEO of Transatlantic Mining.
Historical Production
Although some mining occurred prior to 2000 there are few productions records in existence . Table 2 contains the results from a
bulk sample taken in 2000 and the more recent 10,000 t parcel mined in 2014.
Period *Analysed/**Processed at Tonnes Grade ( g/t
Au)
Au Gravity %
Recovery
Au Total %
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 –
November 2014
**Barrick -Golden Sunlight 5,908 8.05 g/t Au NR 88.5 %
NR= Not recorded separately
Table 2: Recent Trial Mining and Processing of the Golden Jubilee Mine 2000 and 2014
Historical Drilling
Previous exploration drilling has included 37 holes drilled prior to 2013 (Table 3) 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 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 and 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 1). Table 3 are historical holes drilled and assayed
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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 :[email protected]
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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Table 1(*) : March HQ Diamond drill assay results for gold at > 1.0 g/t Au
Table 3 : Historical Drill assay results for gold at > 1.0 g/t Au
Drillhole
Number From (m) To (m) Length
(m)
True
Width
(m) #
g/t Au Vein
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
Drillhole
Number From (m) To (m) Length
(m)
True
Width
(m) #
g/t Au Vein
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