Transition Metals Corp. is pleased to report that encouraging assay results are continuing to be received from diamond drilling completed on the Janice Lake property by Rio Tinto Exploration Canada Inc. . To date, assay results from 9 of a total of 21 holes completed by RTEC have been reported for 2 of more than 20 target areas consisting of outcropping zones of copper-bearing mineralization highlighted by exploration [...]
Transition Metals Corp. is pleased to announce that it has acquired a 100% interest in the Fostung Property located near the town of Espanola approximately 70 kilometres southwest of Sudbury, Ontario. The property hosts an historic tungsten trioxide skarn resource that in 2007 was stated to contain an Inferred Mineral Resource of 12.4 million tonnes grading 0.213 wt. % WO31. The resource estimate completed on the Fostung [...]
Transition Metals Corp. is pleased to announce high grade channel sample assay results at its 100% owned Maude Lake Ni-Cu-Co-PGM property located near Schreiber, Ontario . The property covers a known high grade magmatic Ni-Cu-Co-PGM showing where historic grab samples collected by Novawest Resources Inc. in 2002 returned values of up to 6.23 % Ni and up to 2.48 % Cu1. The results presented in this release were collected [...]
Transition Metals Corp. is pleased to announce that that it has received positive assay results from hole JANL0005 drilled by Rio Tinto Canada Exploration on behalf of option partner Forum Energy Metals at a second location referred to as the Janice Lake target, located 2 km to the northeast of Jansem target holes JANL0001 and JANL0002. Hole JANL0005 intersected 13m of 0.95% Cu and 9.7g/t Ag within a broader 57.1m [...]
Transition Metals Corp. is pleased to announce that it has received positive assay results from the first two holes drilled by Rio Tinto Exploration Canada on behalf of option partner Forum Energy Metals Corp. at Janice Lake. Highlights from the first two holes are: JANL0002 - 0.38% Cu and 2.1g/t Ag over 44.78 metres from 45.22 m to 90 m, including 0.71% Cu and 4.2g/t Ag over 18 metres from 72 m to 90 m. JANL0001 - 0.18 [...]
Transition Metals Corp. is pleased to announce the commencement of a program of stripping and channel sampling on the Cryderman Gold property located near Shining Tree, Ontario. The property consists of mining leases covering a historical high-grade lode gold showing where grab samples collected by the Company in 2018 returned values from trace up to 34.5 g Au/t . The Company plans to open an approximately 100 m long [...]
Transition Metals Corp. is pleased to disclose the balance of assay results from a program of reverse circulation drilling completed this summer at its Highland Gold project in Cape Breton, Nova Scotia. The results are interpreted to confirm strike and dip extensions to mineralization identified at Zone 6A and indicate significant grades and thicknesses of gold at Zone 6B which is located approximately 250 metres [...]
Transition Metals Corp. announces that SPC Metals has entered into a non-binding Letter of Intent with Edison Cobalt Corp . Transition is an Insider of SPC holding 30% of the outstanding shares of SPC. Under the terms of the non-binding LOI, Edison shares will be consolidated on a 1 for 3.55 basis and SPC shareholders will receive 1.32 Edison consolidated shares for each SPC share held through a planned share exchange [...]
Transition Metals Corp. is pleased to announce that partner North American Palladium has vested for a 51% interest in the Sunday Lake Project by completing the Stage 1 Option Terms as described in the news release of June 21, 2017. Under the terms of the Option Agreement, NAP has the right to acquire all of Impala Platinum Holding Limited , 75% interest in the Project by providing staged cash payments of $3.5M and by [...]
Transition Metals Corp. is pleased to announce that Rio Tinto Exploration Canada and Forum Energy Metals have commenced a 7,000 metre diamond drill program on the Janice Lake copper project. The program is helicopter supported and will utilize two drill rigs to complete approximately 20 to 30 holes. Drilling will initially concentrate on the areas of known copper mineralization while the data from the recently completed [...]
Sudbury, Ontario-- - Transition Metals Corp. is pleased to announce that Rio Tinto Exploration Canada has initiated an airborne magnetic survey over the Janice Lake sedimentary copper project, prior to mobilizing two drills for a 7,000 metre drill program starting in late July. RTEC is planning to spend approximately $3 million dollars on the project this year as part of a seven year, $30 million option to earn 80% of the [...]
Transition Metals Corp. is pleased to announce initial assay results from a program of reverse circulation drilling initiated this spring at the Highland Gold project in Cape Breton, Nova Scotia. Of note, hole 19-TMC-RC-01 returned an interval averaging 16.15 grams per tonne gold over 4 meters within an interval where composite sampling returned 8.0 metres grading 5.90 g/t gold . The results were obtained from shallow [...]