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.
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.