Transatlantic Stock Price, News & Analysis

Transatlantic Mining Corp. (TSXV: TCO) has secured a permit from the United States Forrest Service for new drilling and dewatering operations at its Golden Jubilee project in Montana, valid through December 1, 2025. The company plans to drill up to 1,000 metres across 2-4 holes to depths of 300 metres.

The program follows successful 2023 drilling results that confirmed mineralization continuation, including notable intersections of 9.1 metres at 7.8 g/t Au and 6.1 metres at 13.1 g/t Au. The new campaign will explore down dip extension, mineralization plunge, and an untested geophysical offset target. The permit also allows for mine dewatering and exploration survey activities.

Transatlantic Mining Corp. (TSXV: TCO) has provided an update on its drilling program at the historic Miller Gold Mine in Montana. The company has completed 2,069 meters across 25 holes of a planned 3,000-meter Phase 1 campaign. The drilling program includes 8 deep holes under existing workings, 10 exploration holes for north-south extension, and 7 shallow holes testing an old mine dump.

The Miller Mine, historically active between 1901-1948, has shown significant historical grades of 7.94 oz/ton Au (248 g/t Au) and 4.65 oz/ton Ag. A notable historical drill hole (#1) recorded 14.7 oz/ton Au (516 g/t) 300 feet below the lowest workings. The company is now mobilizing an underground drill rig to test the lower target area, with initial assay results expected by early September 2025.

[ "Completed 2,069 meters of drilling across 25 holes in Phase 1 campaign", "Historical high-grade results of 248 g/t Au and 145 g/t Ag", "Recent grab samples from Lower Level Winze showed 27.6 g/t Au", "Company has option to acquire 100% of the Miller Mine" ]

Transatlantic Mining (TSXV: TCO) has reported promising exploration results from its Monitor Copper-Gold Project's Anvil prospect near Taft, Idaho. Underground sampling revealed high-grade copper mineralization of 3.1% Cu over 0.3 metres in the Anvil adit. The mineralization occurs within steeply dipping fissure veins along second-order structures within a prominent shear zone.

The exploration program confirmed multiple copper fissure veins within a complex system, with veins typically extending up to 1.8 metres wide. The copper-rich veins contain chalcopyrite, pyrite, calcite, siderite, and quartz, with hydrothermal alteration extending hundreds of meters into wall rocks. Samples were analyzed at Christofferson Labs and American Analytical Laboratories, following industry-standard QA/QC protocols.

Transatlantic Mining Corp. (TSXV: TCO) has reported significant exploration results from its Monitor Copper-Gold Project near Taft, Idaho. The company's surface sampling at the Big Elk prospect revealed exceptional high-grade copper mineralization, with one outcrop sample returning 36.1% Cu over 2.6 metres and another gossanous sample yielding 6.6% Cu.

The company completed 14 drill holes totaling 1,100 metres at Big Elk, with ten holes intersecting historical mining voids. While no new vein material was encountered, the drilling successfully confirmed the geometry of the mineralized structures. The mineralization occurs in steeply dipping fissure veins within a prominent shear zone, trending N40W to N70W, characteristic of the Coeur d'Alene mining district.

The company is currently integrating new magnetic survey results and Lidar data into an updated NI 43-101 report for the Monitor Project to guide future exploration efforts.

Transatlantic Mining Corp. (TSXV: TCO) has entered its Second Renewal term at the Miller Gold Mine in Montana after completing its First Renewal term. The company has mobilized a drill rig to explore the property, planning up to 3,000 meters of drilling this year targeting untested deeper zones. The Miller Mine, located in Broadwater County, has a notable historical production with an average recovered grade of 7.94 Oz/ton Au (248 g/t Au) and 4.65 Oz/ton Ag. The lease arrangement includes a payment royalty of 8.5% on produced ounces until cumulative payments reach $4.5M USD, after which a 1% gold NSR applies. The Second Renewal term requires a $100,000 consideration with a minimum $100,000 spend over 24 months. Drill results are expected within 6-8 weeks after the campaign completion.

Transatlantic Mining Corp. (TSXV: TCO) has announced the commencement of resource definition drilling at its Miller Gold Mine project near Helena, Montana. The company has received drilling permits and plans to drill up to 3,000 meters this spring, targeting untested deeper zones with over 100 metres of strike and depth on the principal vein structure.

The Miller Gold Mine, located in Broadwater County, has a significant historical production record with an average recovered grade of 7.94 Oz/ton Au (248 g/t Au) and 4.65 Oz/ton Ag (145 g/t Ag). A historical drill hole below the lowest workings recorded 14.7 Oz/ton Au (516 g/t Au). The mineralization occurs in quartz veins within a quartz diorite stockwork, with discrete veins dipping 30 to 50 degrees. Recent grab samples from the Lower Winze Level yielded 27.6 g/t Au, with visible gold observed.