The drilling will test the geological vein structures below sections that have been drilled and mined previously.
The Company is in receipt of its new Exploration Permit with its obligated bonds already lodged for this drill program.
The first phase of drilling will comprise of 600m of diamond drilling and will target a zone beneath existing development.
This development yielded 9.700 tons at 9.0 g/t Au from a bulk sample mined and processed during 2014.
About Golden Jubilee
The 22 Golden Jubilee claims are situated in
Historical Production
Although some mining occurred prior to 2000 there are few productions records in existence.
Historical Drilling
Previous exploration drilling has included 37 holes drilled prior to 2013 where the gold mineralisation and vein had been observed to be approximately 2.5 m wide with an 80-degree dip. Enrichments and wider mineralisation widths have been observed on geological cross structures striking at an obtuse angle to the Red Lion vein trend. 'We now look forward to drilling the target geology and extension of the known mineralisation observed at the Golden Jubilee. This new drill information will help develop our model of the structure as well as providing information for future metal studies and ground condition assessments.' commented
About
Contact:
Tel: +61 (0) 439 904 044
Email: bsostak@transatlanticminingcorp.com
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