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An announcement from Transatlantic Mining ( (TSE:TCO) ) is now available.
Transatlantic Mining Corp. has entered the second renewal term of its lease at the Miller Gold Mine in Montana, following the successful completion of the first term. The company has mobilized a drill rig to the site to explore deeper zones, with plans to drill up to 3,000 meters this year. The renewal includes a $100,000 commitment and a royalty agreement, with potential implications for full ownership if production targets are met. This development marks a significant step in Transatlantic’s exploration efforts, potentially enhancing its market position and offering promising opportunities for stakeholders.
More about Transatlantic Mining
Transatlantic Mining Corp. operates in the mining industry, focusing on gold extraction and exploration. The company is engaged in the development of the Miller Gold Mine in Montana, USA, where it has secured lease arrangements and is actively exploring mineralization opportunities.
Average Trading Volume: 44,842
Technical Sentiment Signal: Buy
Current Market Cap: C$8.66M
Learn more about TCO stock on TipRanks’ Stock Analysis page.