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Transatlantic Mining Corp V.TCO

Alternate Symbol(s):  TRRGF

Transatlantic Mining Corp. is a Canada-based precious and base metal explorer. The Company is engaged in the acquisition and exploration of mineral property interests, such as the Golden Jubilee and Miller Mine Gold Property and the Monitor Copper/Gold Property. It has property interests including an 80% joint venture position on the Monitor Copper-Gold project in Montana-Idaho and 100% of the Golden Jubilee Gold Project with its associated mining rights. The Company has an extended lease, right to mine and purchase arrangement for the Miller Gold Mine in Montana. The Golden Jubilee Property is located in Granite County, Montana, about 20 kilometers (km) from the township of Phillipsburg. The property lies on the famous Red Lion corridor. The Miller Mine Gold Property is located in Broadwater County, Montana, about 30 km from the township of Helena. The Monitor Project is located along the eastern extension of North Idaho’s Coeur dAlene Mining District.


TSXV:TCO - Post by User

Bullboard Posts
Post by GUNSSon Mar 02, 2017 8:14am
767 Views
Post# 25917619

Get up to speed, it's all here... TCO

Get up to speed, it's all here... TCO
This is a hard asset company, it's in production right now.  Market cap = US$ 8 M
Jurisdiction:  Montana (USA).  Mine level cash flow positive by April.
80% Interest in Monitor Copper-Gold project in Idaho.  Monster Cu grades in 10-15 ft veins.  NI 43-101 Tech report done in 2013.  Monitor is on a past-producing minesite.

One stop TCO shop:  2 most significant & recent articles, plus 5-minute video clip of 
CEO Bernie Sostak
 
 
 
 
Highlights from 4th Qtr 2016 Surface Drilling
 

SURDH #6:  8.9 ft. {2.8 m} true width at 0.564 ounces per ton [opt] / {19.3 g/t} gold equivalent [Au Eq.]
Includes; 2.8 ft. {0.85 m} at 1.07 opt / {36.8 g/t} Au Eq.

SURDH #1:  5.9 ft. {1.8 m} true width at 0.357 opt / {12.2 g/t} Au Eq.

SURDH#5: 6.9 ft. {2.1 m} true width at 0.203 opt / {7.3 g/t} Au Eq.
Includes; 2.1 ft. {0.65 m} at 0.493 opt / {16.9 g/t} Au Eq.

While thickness varies, ample historical data on the greater Alder Gulch district, reference vein widths of 3 to 6 feet (0.9 to 1.8 m).  Yet, the Company’s surface drill program, 6 assays {4 pending}, & historical drill hole DDH USG-88-2, have an average true width of 6.6 ft. (2.0 m).
 
Like at Australia’s Northern Star Resources (ASX: NST), TCO management’s goal is to build TCO into a robust portfolio of top quality assets.  From 2010-2014, CEO Bernie Sostak and Chairman Ray Parry were key executives in that Australian-listed company.  Shares traded for nickels when Bernie joined, up to ~A$1.50 when he departed to join TCO full-time.  Bernie and Ray sourced targets, evaluated, negotiated and integrated acquired assets.  

Both Ray and Bernie played important roles in structuring the transactions.  They were part of a team that helped grow production from ~50,000 ounces/yr to ~600,000, during which time the market cap soared from well under A$ 100 M to ~A$ 1.4 billion.  Bernie and Ray are deploying the exact strategy at TCO, acquiring high-grade, high-margin projects, with low technical risk, relatively modest capital requirements and strong expansion potential in safe and proven mining jurisdictions.
 
Rome wasn't built in a day-- first main goal is cash flow positive and ramp up to 5,000 Au Eq. ounces/yr. run-rate.
 
Management is actively pursuing multiple acquisitions that would be structured with minimal upfront cash.   
 

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