Eventuell günstigster Goldproduzent der Welt
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http://epsteinresearch.com/2016/11/14/...-Mining-grossly-undervalued/
Unbedingt das Video von der Edelmetallmesse ansehen - es lohnt sich !
Marketkap unter 10 Mio
As part of its ongoing assessment of the US Grant Mine, on October 15th, the Company produced 17.0 ounces gold ("Au") and 28.6 ounces silver ("Ag"), from 1.4 dry metric tonnes (t) of concentrate. The following table indicates gold & silver produced, and recovery rates from the concentrate supplied.
New Jersey Mining Company – Idaho
US Grant Flotation Concentrate Leaching
Concentrate
1.4
Dry t
Calculated Head Grade
421.8
Au, g/t
12.3
Au, oz./short ton
924.5
Ag, g/t
27.0
Ag, oz./short ton
Calculated Head Grade
Mass
Au Assay
Ag Assay
g. Au
g. Ag
Dore Bar #1
902
Grams
25.035%
43.750%
225.8
394.6
Dore Bar #2
680
Grams
20.871%
34.200%
141.9
232.6
Dore Bar #3
764
Grams
20.871%
34.200%
159.5
261.3
Tailings
1.4
Dry t
48.2
294.9
68.0
416.2
Totals
595.2
1,304.6
Calculated Recovery From
Concentrate
88.6%
Au
17.0
Ounces Gold
68.1%
Ag
28.6
Ounces Silver
The commissioning of the US Grant Mill was done using low grade material under the production decision for' Trial Mining' pursuant to the 43-101 4,2(6) – Production Decision. Given the lower-grade concentrate that was shipped to a toll leaching facility, the results bode well for potential production from within select higher-grade zones such as the ones the Company is currently evaluating.
As of the 30thth of October TCO had a further 18t of concentrate on hand and is looking to truck 20t for processing into gold and silver doré for refining.
Board Composition
TCO wishes to announce that on the 7th November Steve Hodgson resigned as an Independent Director. The board wishes to thank Steve for his significant contribution to the development and growth of TCO. They appreciate his support and wish Steve the very best in the future.
TCO wishes to announce the appointment of Ray Parry to the board as an independent director. Ray holds degrees in both accounting and finance and an MBA specialising in international business. He is also a Fellow member of the Certified Practicing Accountants of Australia. He has over 30 years experience in a variety of sectors including mining, manufacturing, oil & gas and banking. He is currently the CFO and Company Secretary of Hanking Gold Mining and prior to this was the CFO at Northern Star Resources during which time he worked closely with Bernie Sostak in the development and mining of several underground mines. His other roles include senior management positions with St Barbara, Kerr McGee (USA) / Tronox and Bankwest.
Cornucopia Agreement Executed
On September 30th TCO signed a binding agreement with the owners of a neighboring claim ("Cabin Claim") that allows Transatlantic access to re-commission the Cornucopia shaft for use in ventilating the deepest reaches of US Grant #3 Level. The new vent access will allow TCO to ventilate one of its primary production headings and maximize the safety and productivity from this area. In consideration of the right to construct the opening in the Cornucopia Shaft and use the shaft for ventilation purposes,
Under the agreement Transatlantic shall pay Smith Trust the sum of Thirty Thousand Dollars ($30,000.00) in two (2) payments of $15,000.00 on or before October 10, 2016 and $15,000.00 on or before October 10, 2017. Provided that the payments are made by Transatlantic to Smith Trust as provided in the previous section, the term of this Agreement shall be for three (3) years from October 2016, through October 2019. Upon expiration of the initial term, the parties may renew the contract upon their mutual consent.
Mine Development
Transatlantic Mining also completed a new secondary escape way to surface from the #3 Level, allowing the company to access all current material from the #3 and #4 levels. This is an important milestone for the Company.
The US Grant mill has now been commissioned and a larger ball mill has been installed. This will allow TCO to increase the milling capacity to 150t per day. This is expected to be finalized and fully operational in this quarter.
Drilling Commences
Surface drilling has commenced, with seven holes with a total drilling depth of 550m completed to date. The drilling has intersected vein type structures however there are no assays at this time. Underground drilling is set to commence and will target the vertical extension of the US Grant vein. The program calls for the drilling of 1650 m.
The Company looks forward to updating the market as assays are received.
Manpower
Transatlantic is pleased to announce that Tim Hunter has accepted the position of Operations Manager at US Grant. Mr. Hunter has decades of experience in mining and managing narrow vein mines. His addition to the team will facilitate key productivity, safety and cost goals. His recent appointment will allow Ron Krusemark (Vice President – Head of Operations) to focus attention on a number of other corporate initiatives.
Corporate Snapshot
The Company provides the following update on corporate initiatives currently in progress. Over the next 30 days, shareholders and prospective investors should expect:
Assays from October drill holes
An update on the Monitor Copper-Gold project in Idaho (USA)
Delivery of a maiden NI 43-101 compliant mineral resource estimate
Delivery of a Preliminary Economic Assessment ("PEA")
CEO Rob Tindall commented,
'With the closing of our Private Placement and continued development of US Grant, TCO is moving into full time production. We are excited by the milestones we've achieved this year, and we remain intently focussed on de-risking US Grant"
@Miller 01 : Die Aktie kauft man auch in Kanada und nicht in Deutschland bei dem Spread. Wenn du keinen Zugang zum Auslandshandel hast würde ich dir empfehlen solche Aktien zu meiden. Bleib bei deinen Deutschen Buden
aber leider geht dein Link nicht..... macht aber nix, hab den Artikel auch Goldseiten.de gefunden: http://www.goldseiten.de/artikel/...ate---US-Grant-Mine-und-Mill.html
Der Kurs in Canada steht bei 0,06 / 0,065
Zeig mir bitte die 40% Spread
hahahaha
https://www.youtube.com/watch?v=i4o2JUwdrtQ
Klingt spannend, mal schauen ob man das auch so umsetzen wird
Es stehen viele relevante Entwicklungen in Montana bei TCO an. Vor 0,20 CAD verkaufe ich kein Stück !
Das zweite Projekt (Monitor Mine) steckt noch mehr in den Kinderschuhen. Ich habe mir trotzdem ein paar Tausend (Lotto)scheine gekauft, obwohl es hoch spekulativ ist. In Toronto liegt der Kurs aktuell bei 0.035/0.04 CAD.
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.
http://www.NorthernMiner.com/news/...-production-US-Grant/1003783688/
http://www.EpsteinResearch.com/2017/01/30/...cer-in-USA-m-cap-us-6-m/
http://www.Youtube.com/watch?v=uEcF57TmUK4
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.
Read more at http://www.stockhouse.com/companies/bullboard#ebKbVy0wTM1VRvJo.99
In connection with the consolidation, the name of the company will not change and the Company's trading symbol will remain TCO