What to Expect in This Monday’s (Nov 6) pick:
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Rich Historical Mining Districts
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Promising Gold and Copper Assets
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Experienced Team
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Ready for Exploration and Development
Why We Like It.
Vein Gold Grades: The veins are endowed with high-grade gold, with a historic mined grade of 7.9 oz/ton Au, indicating a rich vein of resource awaiting extraction.
Accessible Bulk Sampling: Open access for bulk sampling initiations with a +90% gravity gold recovery rate, paving the way for efficient resource recovery.
Golden Jubilee Gold Project
Recent Operational Readiness: Last operated in 2014, with 10,000 tonnes processed at a 9 g/t Au grade, signifies a mine ready for resumption with low capital cost outlay.
Gravity Gold Recovery: Equipped with gravity gold recovery mechanisms, this project holds promise for cost-effective gold extraction with exploration upside.
Monitor-Copper Gold Project
Strong Joint Venture: The +80% Joint Venture asset on multiple high-grade copper/gold/silver deposits, previously mined and processed at a 5 to 15% Copper grade, underscores a robust joint venture potential.
Things to Consider
Mining Challenges: As with any mining endeavor, risks such as equipment failures or unexpected geological formations can pose challenges.
Market Volatility: Metal prices can fluctuate; a significant dip could impact their profitability margins.
Stakeholder Relations: Engaging with local communities and keeping them informed is vital for smooth operations.
Our pick
Transatlantic Mining presents a solid opportunity with its strategic positioning in mineral-rich districts and promising exploration targets in the Monitor and Miller Mine Projects. The management team has the experience to expand this company, with CEO Bernie Sostack previously spearheading business development at the ASX listed North Star Resources (13B+ Mktcap).
As of publication, trading around $0.10 CAD.