Drilling Results at the Golden Jubilee Mine includes an intersection of 6.1 m at 13.1 g/t Au
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 Results at the Golden Jubilee Mine includes an intersection of 6.1 m at 13.1 g/t Au
TCO NEWS RELEASE-VANCOUVER, B.C April 13 2023 – Transatlantic Mining Corp. (the “Company”) (TCO:TSX.V) is
pleased to announce assay results from the most recent drilling program. The drilling at the Golden Jubilee Mine consisted of 10
reverse circulation holes for a total of 2000 m. This mine is located in Granite County, Montana, USA. The results from this drilling
program confirm that the mineralized structure continues down dip and along strike from mineralization which has either been
mined previously or delineated by earlier drilling.
Highlights
New Drill Results
• Drillhole # 2201 - 9.1 metres at 7.8 g/t Au from 64 metres depth ( 8.0 m true width)
(Including 1.5 metres at 16.11 g/t Au)
6.1 metres at 5.5 g/t Au from 86.9 metres depth ( 5.5 m true width)
• Drillhole # 2203 - 6.1 metres at 13.1 g/t Au from 111.3 metres depth (6.0 m true width)
(Including 3.0 metres at 17.3 g/t Au)
The following long section ( Figure 1 ) illustrates the new intersections juxtaposed against existing drill results as well as the
processing results from earlier mining campaigns undertaken at the Golden Jubilee Mine.
Figure 1: Long Section looking North West on Golden Jubilee Structure
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Drilling
The Company has completed its inaugural drilling campaign into the Golden Jubilee deposit and is reporting the available assay
results from the 10 holes drilled. These are shown in (Table 1* ). The Company was fully funded to complete this program and has
funds available to undertake follow up additional work. The mineralization has been intersected down dip and along strike of existing
drill holes and underground workings . There is also further evidence that there are an additional two mineralized zones in the
footwall and hanging wall of the targeted Golden Jubilee mineralized structure. These outcomes provide encouragement to
undertake more drilling in order to follow up on several geophysical targets which indicate that the mineralized structure extends
for up to an additional one kilometre of strike. New exploration drill permits will be sought to facilitate this drilling. The Company
is also evaluating the current water and operatin g permits with the re levant government dep artments. The gold mineralization
intersected by the reverse circulation drilling is associated with a shear hosted iron quartz, sulphide rich replacement zone;
Some characteristics of the mineralization and drill program include:-
• Drilling indicates that it is shallow, between 30 and 240 metres from surface.
• The contacts to the mineralization are in competent marbleised limestones.
• The mineralized zones are visibly distinct
• It occurs in multiple parallel mineralized structures.
“The First phase of drilling and results continue to support the presence of mineralization below the lowest mine level. There is
rising confidence in parallel mineralized zones that will require additional drilling. Not only does the main zone at the Gol den
Jubilee continue, but recent geophysics has highlighted targets and offsets one kilometre along strike. This information with
existing high grade production and processing information will support and develop our model of the high grade and exploration
structures further.” commented Bernie Sostak CEO of Transatlantic Mining.
Table 1(*) : Recent Reverse Circulation drill assay results for gold at > 3.0 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 trend, 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.
Drillhole Number From (m) To (m) Length (m) Downhole
Length (m)
True
Width (m)
#
g/t Au Vein
GJB_RC_2201 64.0 73.2 9.1 9.1 8 7.78 New Vein
(Includes 1.5 m at 16.11 g/t Au)
82.3 86.9 4.6 4.6 4.3 6.05 New Vein
86.9 93.0 6.1 6.1 5.5 6.86 New Vein
182.9 184.4 1.5 1.5 1.3 4.70 New Vein
219.5 221.0 1.5 1.5 1.3 6.51 New Vein
237.7 240.8 3.0 3.0 3 3.34 Golden Jubilee Vein
GJB_RC_2202 NSI No significant Intersection
GJB_RC_2203 111.3 117.3 6.1 6.1 6.0 13.13 Golden Jubilee Vein
(Includes 3 m at 17.3 g/t Au)
GJB_RC_2204 NSI No significant Intersection
GJB_RC_2205 VOID Not sampled, intersected Stope Void
GJB_RC_2206 VOID Not sampled intersected Stope Void
GJB_RC_2207 Awaiting assay on mineralised structure
GJB_RC_2208 NSI Exploration Hole lateral extension abandoned
GJB_RC_2209 NSI Exploration Hole lateral extension abandoned
GJB_RC_2210 NSI Exploration Hole lateral extension abandoned
> 3.0 g/t Au
Reverse Circulation Samples
NSI = no significant intersection
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Figure 2: Plan View Golden Jubilee claim including Vein Structure interpretation
Historical Production
Although some mining occurred prior to the year 2000, there are limited production records in existence. Table 2 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)
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
Historical Drilling
Previous exploration drilling has included 37 holes drilled prior to 2013 where the gold minerali sation and vein had been observed
to be approximately 2.5 m wide with a n 80-degree dip. Enrichments and wider min eralisation widths have been observed on
geological cross structures striking at an obtuse angle to the Red Lion vein trend.
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Review by Qualified Person (* Note Table 1,2,3 )
Aslam Awan PhD MAusIMM (CP Geo) is the Qualified Person pursuant to National Instrument 43 -101 for
having reviewed, only the technical information contained in this news release. Mr Awan is the Principal for
AAA GeoConsultants :
(*)The new reverse circulation drill 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. The samples being pulverised and analysed with a 15 to 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. The Company also
adds a standard to determine any assay bias.
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
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 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