VANCOUVER, Jan. 20, 2017 /CNW/ - Transatlantic Mining
Corp. (the "Company") (TCO:TSX.V) announces its first shipment
for processing, and Board Changes as the Company advances its
Exploration Alder Mountain Project.
Gold / Silver Concentrate sent for processing to third
parties
TCO has shipped 19.1 Tonnes of low grade gold/silver concentrate
to a third party for processing. In addition, there is a further 10
Tonnes that has been made on site at the U.S. Grant gold project in
Montana that is available for
shipment.
Board Changes
TCO wishes to announce that Rob
Tindall has resigned as Director and CEO due to personal
reasons. Rob's CEO position will be filled by Bernie Sostak who is currently Executive
Chairman. Bernie will focus on taking the business towards an
advanced exploration/production phase.
The board wishes to thank Rob for his significant contribution
to the company and wishes him the very best for the future. Rob
continues as a strong supporter and significant shareholder of the
Company.
TCO wishes to announce that the position of Chairman will be
occupied by the existing director Ray
Parry.
Executive Chairman Bernie
Sostak commented,
"There are some key milestones that have now been met as the
Company focusses on its Alder Mountain Project. The first shipment
of ore is a testament to the hard work from the entire team at
Transatlantic Mining Corp"
About Transatlantic Mining Corp.
Transatlantic Mining (TSX-V: TCO) is an emerging
precious and base metal explorer, developer and producer. The
Company has a focus on high-grade mining, in safe and prolific
mining jurisdictions. The Company is engaged in controlling and
owning mineral properties interests, such as an 80% earn-in option
on the Monitor Copper-Gold project in Idaho (USA).
In January 2016, the Company
entered a lease/purchase option agreement on 100% of the US
Grant Gold-Silver Mine &
Mill complex in Montana
(USA). A proven management team, led by Executive Chairman
Bernie Sostak seek to enhance shareholder value
through expert exploration/development and expansion of existing
assets, together with selective acquisitions.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release
SOURCE Transatlantic Mining Corp.