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 (%)|
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.
Director and CEO
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
SOURCE: Transatlantic Mining Corp.
For further information:
Contact Transatlantic Mining Corp. at (604) 424-8257