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Transatlantic Mining Corp. Concentrate Ready for Revenue At Alder Gulch-US Grant Mine & Mill Complex, Montana (USA)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 2, 2017) - Transatlantic Mining Corp. (the "Company") (TSX VENTURE:TCO) announces that it has pre sold its sec
About this update from Transatlantic Mining Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 2, 2017) - Transatlantic Mining Corp. (the \"Company\") (TSX VENTURE:TCO) 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 through 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 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 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 batch 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...