Mr. Bernie Sostak reports
TRANSATLANTIC ANNOUNCES EXTENSION OF EXPLORATION PERMIT FOR GOLDEN JUBILEE PROJECT, MONTANA
The U.S. Department of Agriculture has extended and approved the plan of operation of Transatlantic Mining Corp.'s Golden Jubilee project, located in Granite county in Montana.
Drilling at Golden Jubilee, previously disclosed Sept. 8, 2025, was postponed due to oncoming winter weather conditions. Drill contractors were unable to safely mobilize before the interim permit terminated Dec. 1, 2025. The extension of approval, granted March 16, allows for new drilling and dewatering at the Golden Jubilee mine, approved to Dec. 31, 2026.
The 2026 follow-up program will further test the downdip extension and plunge of the main zone of mineralization. It will also test a geophysical offset target that has not been drilled before. Additionally the permit allows for Transatlantic to dewater the mine and survey it for further exploration potential. The current plan envisages for Transatlantic to drill up to 1,000 metres in two to four holes to moderately shallow depths of 300 metres.
"After the last successful program in 2023, we're excited to test further the downdip and plunge of this main zone of high-grade gold mineralization," said Bernie Sostak, chief executive officer of Transatlantic. "There is also the potential to test the geophysical offset as a discovery, which would more than double the length of known strike, as well as any parallel mineralized zones at Golden Jubilee. This could have significant impact on the overall gold-bearing potential and future gold endowment."
Highlights from the news release -- April 13, 2023, program:
- Drill hole No. 2201 -- 9.1 metres (m) at 7.8 grams per tonne (g/t) gold (Au) from 64 m depth (8.0 m true width) (including 1.5 m at 16.11 g/t Au) and 6.1 m at 6.86 g/t Au from 86.9 m depth (5.5 m true width);
- Drill hole No. 2203 -- 6.1 m at 13.1 g/t Au from 111.3 m depth (6.0 m true width) (including 3.0 metres at 17.3 g/t Au).
About Golden Jubilee
The 22 Golden Jubilee claims are situated in Granite county, Montana, and have had a number of previous owners. There has been only limited exploration and mining on the regional Red Lion (vein) line trend, which is known to continue over a regional strike of seven kilometres (km) in length. The Golden Jubilee mine is located in mountainous country at an elevation of approximately 2,350 m.
Historical production
Although some mining occurred prior to the year 2000, there are limited production records in existence.
Review by qualified person
Aslam Awan, PhD, MAusIMM (CP, Geo), is the qualified person pursuant to National Instrument 43-101 for having reviewed only the technical information and approved as such contained in this news release. Mr. Awan is the principal for AAA GeoConsultants.
About Transatlantic Mining Corp.
Transatlantic Mining is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. The company currently has property interests, including an 80-per-cent joint venture position on the Monitor copper-gold project in Montana-Idaho and 100 per cent 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 to 100-per-cent ownership by way of payment royalty.
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