Transatlantic Mining Corp. provided the corporate update. As part of its ongoing assessment of the US Grant Mine, on October 15th, 2016, the company produced 17.0 ounces gold ("Au") and 28.6 ounces silver ("Ag"), from 1.4 dry metric tonnes (t) of concentrate. The commissioning of the US Grant Mill was done using low grade material under the production decision for' Trial Mining' pursuant to the 43-101 4,2(6) – Production Decision. Given the lower-grade concentrate that was shipped to a toll leaching facility, the results bode well for potential production from within select higher-grade zones such as the ones the Company is currently evaluating. As of the 30th of October the company had a further 18t of concentrate on hand and is looking to truck 20t for processing into gold and silver doré for refining. Surface drilling has commenced, with seven holes with a total drilling depth of 550m completed to date.  The drilling has intersected vein type structures however there are no assays at this time. Underground drilling is set to commence and will target the vertical extension of the US Grant vein. The program calls for the drilling of 1,650 m.

The company also announced that on the 7th November 2016 Steve Hodgson resigned as an independent director. The company announced the appointment of Ray Parry to the board as an independent director. He is currently the CFO and Company Secretary of Hanking Gold Mining and prior to this was the CFO at Northern Star Resources during which time he worked closely with Bernie Sostak in the development and mining of several underground mines.