VANCOUVER,
March 5, 2014 /CNW/ -
Transatlantic Mining Corp (TSX.V: TCO) ("Transatlantic") is
pleased to announce that Coffey International ("Coffey") recently
conducted a successful site visit to the Ansongo Manganese Project
for the purpose of gathering initial data for a National Instrument
43-101 Compliant Report and to assist with planning the data
collection required for an initial Mineral Resource estimate.
Validation surface rock sampling was undertaken at two of the three
known deposits, Takavasita and Agaula. Laboratory analytical
results confirmed the presence of high grade manganese
mineralisation assaying up to 51% Mn. Fourteen of the 20
samples collected contained >30% Mn and averaged 41.2% Mn, 2.67%
Fe, 8.18% SiO2, 9.81% Al2O3 and 0.129% P.
Results from Surface Sampling at Ansongo
Twenty surface rock samples, representative of
mineralisation visited by Coffey were collected from two of the
known deposits at the Ansongo Manganese Project. Sampling was
concentrated over mineralisation on Hill D at the Takavasita
Deposit. Hill D is one of eight mineralised hills
intermittently exposed over a 3km NNW trending strike which make up
the Takavasita Deposit. Diamond drilling and reverse circulation
percussion drilling have been planned at Hill D to collect data for
use in an initial NI43-101 compliant mineral resource
estimate. Eighteen surface rock samples were collected from
Hill D with another two samples collected from the Agaula Hills
Deposit approximately 13km to the west. Samples were
delivered in sealed bags to the ALS laboratory in Johannesburg where they were prepared for an
extensive multi element assay suite. The results of selected
major elements are summarised in the following table.
Locality |
SAMPLES |
MnO (%) |
Mn(%) |
Fe2O3 (%) |
Fe (%) |
P (%) |
Al2O3 (%) |
SiO2 (%) |
Takavasita |
WPT 27 |
23.40 |
18.12 |
4.81 |
3.36 |
0.04 |
15.30 |
43.90 |
Takavasita |
WPT 28 |
45.20 |
35.01 |
5.08 |
3.55 |
0.10 |
12.80 |
12.95 |
Takavasita |
WPT 29 |
63.90 |
49.49 |
2.05 |
1.43 |
0.16 |
4.93 |
4.15 |
Takavasita |
WPT 30 |
35.60 |
27.57 |
3.79 |
2.65 |
0.10 |
10.35 |
34.50 |
Takavasita |
WPT 31 |
52.30 |
40.50 |
3.25 |
2.27 |
0.13 |
12.25 |
7.44 |
Takavasita |
WPT 32 |
52.40 |
40.58 |
3.77 |
2.64 |
0.13 |
11.25 |
8.48 |
Takavasita |
WPT 33 |
54.90 |
42.52 |
3.40 |
2.38 |
0.10 |
8.88 |
8.69 |
Takavasita |
WPT 34 |
55.80 |
43.22 |
5.21 |
3.64 |
0.15 |
7.99 |
4.89 |
Takavasita |
PWT 35 |
51.20 |
39.65 |
3.82 |
2.67 |
0.13 |
12.65 |
9.13 |
Takavasita |
WPT 36 |
56.50 |
43.76 |
4.02 |
2.81 |
0.17 |
6.44 |
4.95 |
Takavasita |
WPT 37 |
31.10 |
24.09 |
5.30 |
3.71 |
0.07 |
20.00 |
22.30 |
Takavasita |
WPT 38 |
65.80 |
50.96 |
2.11 |
1.48 |
0.16 |
3.82 |
2.59 |
Takavasita |
WPT 39 |
41.10 |
31.83 |
6.16 |
4.31 |
0.10 |
15.30 |
14.45 |
Takavasita |
WPT 40 |
26.40 |
20.45 |
5.14 |
3.59 |
0.08 |
14.35 |
42.60 |
Takavasita |
WPT 41 |
48.80 |
37.79 |
3.14 |
2.20 |
0.12 |
13.00 |
10.60 |
Takavasita |
WPT 42 |
48.20 |
37.33 |
4.08 |
2.85 |
0.08 |
11.70 |
10.25 |
Agaula |
WPT 43 |
32.50 |
25.17 |
5.33 |
3.73 |
0.07 |
10.15 |
39.80 |
Agaula |
WPT 44 |
63.90 |
49.49 |
2.56 |
1.79 |
0.17 |
2.67 |
3.92 |
Takavasita |
WPT 48 |
44.80 |
34.70 |
4.89 |
3.42 |
0.10 |
13.60 |
12.00 |
Takavasita |
WPT 50 |
24.70 |
19.13 |
6.96 |
4.87 |
0.05 |
14.50 |
42.90 |
Average |
|
45.93 |
35.57 |
4.24 |
2.97 |
0.11 |
11.10 |
17.02 |
Fourteen of the 20 samples collected contained
greater than 30% Mn and averaged 41.2% Mn, 2.67% Fe, 8.18% SiO2,
9.81% Al2O3 and 0.129% P. Nine of the samples contained
greater than 40% Mn and averaged 44.46 % Mn, 2.35 % Fe, 6.03 %
SiO2, 7.88% Al2O3 and 0.14% P.
About Transatlantic Mining Corp
Transatlantic Mining Corp. is a mineral
exploration company focused on becoming the next diversified
industrial metal producer. The Company's holdings include an 88%
interest, in the Gnaweeda Gold Project in Western Australia, an option to earn an 80%
interest in AMCOR's Monitor Copper, Gold and Silver project in the
Coeur D'Alene Mining District in Idaho and an option to earn up to 70% of the
Ansongo Manganese Project in Mali,
West Africa.
The exploration results reported here have been
compiled by Mr P Mazzoni who is a professional geologist with over
40 years experience in the minerals industry. He is employed as
Principal Audits Geologist at Coffey. Mr Mazzoni hold a Masters
degree in Geology from Queens
University-Ontario, is a Fellow of the Australasian
Institute of Mining and Metallurgy, holds Chartered Professional
status from that body and is a Member of the Society of Economic
Geologists. Mr Mazzoni personally collected the samples which are
being reported and has the relevant qualifications and experience
to be considered a Qualified Person as defined in NI43-101.
On behalf of the
Board of Transatlantic Mining Corp.
(signed)
Aidan
Nania
Director and CEO
SOURCE Transatlantic Mining Corp.
Image with caption: "Manganese stockpiles at the Takavasita
Deposit with Hill D and Hill E (right) in background (CNW
Group/Transatlantic Mining Corp.)". Image available at:
http://photos.newswire.ca/images/download/20140305_C9477_PHOTO_EN_37611.jpg
Image with caption: "Ansongo Mn Project Takavasita Hill D
Validation Rock Sampling WGS84 UTM 31N (CNW Group/Transatlantic
Mining Corp.)". Image available at:
http://photos.newswire.ca/images/download/20140305_C9477_PHOTO_EN_37612.jpg