Northwire Canada EditionWednesday, August 5, 2026
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Drill Results

Transatlantic receives new Golden Jubilee permit

By The Northwire Desk — AI Analysis Sep 08, 2025 · 18:50 TCO · 0.165 Transatlantic Mining Corp.
TCO · Price

Executive Summary

  • Transatlantic Mining Corp. received a U.S. Forest Service permit for additional drilling and dewatering at the Golden Jubilee project in Montana, valid through Dec 1 2025.
  • The 2025 program will drill up to 1,000 m in 2‑4 holes (to ~300 m depth) to test downdip extension of the main high‑grade gold zone and a new geophysical offset target.
  • A webinar hosted by CEO Bernie Sostak on Sept 10 2025 will discuss the exploration plans and potential impact on the project’s gold endowment.

Key Details

  • Permit Scope: Allows new drilling, dewatering, and surveying; expires Dec 1 2025.
  • Planned Drilling: Up to 1,000 m total in 2‑4 reverse‑circulation holes, targeting depths of ~300 m.
  • Exploration Targets:
  • Downdip extension and plunge of the main high‑grade gold zone.
  • Un‑drilled geophysical offset target for potential discovery of parallel mineralized zones.
  • Previous Drilling (April 13 2023): 10 RC holes, 2,000 m total; confirmed continuation of mineralized structure downdip and along strike. Highlights:
  • Hole 2201 – 9.1 m @ 7.8 g/t Au from 64 m (including 1.5 m @ 16.11 g/t).
  • Hole 2203 – 6.1 m @ 13.1 g/t Au from 111.3 m (including 3.0 m @ 17.3 g/t).
  • CEO Quote: “We’re excited to test further of the downdip and plunge of this main zone of high‑grade gold mineralization…potential to add ounces of gold to our envisioned deposit model.” – Bernie Sostak, CEO.
  • Webinar Details: Hosted by CEO on Wed Sept 10 2025 at 9 a.m. PT; registration required.
  • Qualified Person Review: Aslam Awan, PhD, MAusIMM (CP, Geo), AAA GeoConsultants, reviewed technical information per NI 43‑101.

Notable Quotes

“After the last successful program in 2023, we're excited to test further of the downdip and plunge of this main zone of high‑grade gold mineralization with the potential to add ounces of gold to our envisioned deposit model.” – Bernie Sostak, CEO

Materiality Assessment: Material – Positive (the permit enables a new drilling program that could materially increase the project's gold resource estimate).

Read the original news release →

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