Transatlantic Mining Corp. Concentrate Ready for Revenue At Alder Gulch-US Grant Mine & Mill Complex, Montana (USA)
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Transatlantic Mining Corp. Concentrate Ready for Revenue
At Alder Gulch-US Grant Mine & Mill Complex, Montana (USA)
TCO NEWS RELEASE-VANCOUVER, B.C., March 1, 2017 – Transatlantic Mining Corp. (the “Company”) (TCO:TSX.V)
announces that it has pre sold its second concentrate batch 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 the provisional results for this second
concentrate batch set for a third party smelter along with final results from the first low grade concentrate treated th rough a third
party Cyanide in Leach Processing facility reported previously in January.
Provisional Results for the second batch of concentrate:
The provisional results for the concentrate are 12.7 dmt @ 3.08 Oz/t Au and 118 oz/t Ag
This represents a 10% increase on the Gold (Au) content and a 112 % increase on silver (Ag) content
compared to the first batch
Results from the first batch of concentrate are shown in Table 1. This lower grade concentrate was derived from low grade
mineralisation and was announced on 19th January 2017. The results demonstrate that plant scale gold and silver recovery is higher
than indicated by the metallurgical test work reported in the recent NI -43-101 report for the US Grant.
Table 1 First Batch of Concentrate Results
All of the gold and silver concentrate was produced by the 40 ton per day US Grant mill. The rate of concentrate production has
steadily increased to a rate of 0.6 to 0.8 tpd (tons per day) as higher proportions of sulphides are appearing in the mineralised rock
being delivered from the mine.
New mine development below the existing 3 Level has yielded the mineralised rock used to produce the second ba tch of
concentrates. The provisional results are shown in Table 2.
Table 2 Second Batch of Concentrate Provisional Results
Dry Tonnes Oz/tonne Contained
Troy Ounces
Metal Recovery Recovered Troy
Ounces
12.7 3.08 Au 38.9 Au n/a n/a
12.7 117.9 Ag 1494.4 Ag n/a n/a
n/a= not applicable at this time
The final revenue will be subject to the final smelter receipts and costs. There is a further nine wet tonnes of mineralised concentrate
stockpiled at US Grant which will be sold when assays have been received.
The mineralised surface stockpile at US Grant now has a further 400 mined tonnes available for processing. Further higher grade
material is expected to be delivered from the development below the 3 Level.
Dry Tonnes Oz/tonne Contained
Troy Ounces
Metal Recovery Recovered Troy
Ounces
16.8 2.79 Au 45.6 Au 97.7 % 44.6 Au
16.8 55.7 Ag 933.7 Ag 91.9% 857.9 Ag
Page 2 of 2
Process Plant up to 150 tpd (ton per day) Status
The 150 tpd ball mill and process plant capacity is expected to be running at a steady state at the beginning of March with only
minor modifications incomplete. The trial mining rate is now in excess of the 40 tpd mill rate, with any of the incremental mining
rate above that level intended towards this increased mill capacity.
CEO Bernie Sostak commented,
“It is good news to see that the processing facilities are now running with the first steps towards consistent revenue on a daily basis.
The team at site now have the ability to consistently produce revenue which is a credit to all the work done over the previous 12
months. With successful exploration recently, and the mill and trial mining progressing well, we now are building further confidence
that the mine can be a consistent performer with cashflow going forward.”
Chris Pfahl is the Qualified Person pursuant to National Instrument 43-101 responsible for having reviewed and approved, the
technical information contained in this news release. Chris is the Principal and Owner of Silver Valley Engineering
About Transatlantic Mining Corp.
Transatlantic Mining (TSX-V: TCO) is an emerging precious and base metal explorer, developer and producer. The Company has
a focus on high-grade mining, in stable mining jurisdictions. The Company is engaged in controlling and owning mineral properties
interests, such as an 80% earn-in option on the Monitor Copper-Gold project in Idaho (USA).
In January 2016, the Company entered a lease/purchase o ption agreement on 100% of the US Grant Gold -Silver Mine &
Mill complex in Montana (USA) which has now produced a concentrate within 12 months . A proven management team, led by
Chief Executive Officer Bernie Sostak seek to enhance shareholder value through expert exploration/development and expansion
of its existing assets, together with selective and future earning accretive acquisitions.
For further information please contact: Bernie Sostak +61 (0) 439 904 044
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 adequ acy or accuracy of this release