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Transition Metals Corp.
Summary
| Project: | Aer-Kidd | |
|---|---|---|
| Deposit: | Aer-Kidd | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-PGM-Cobalt-Silver-Gold | |
| Date: | 11/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-11-2018: Transition Metals Corp. announces an Exploration/Drilling Update report for its Aer-Kidd deposit at the Aer-Kidd project. Drilling results incl. 13.60m @ 0.66% Ni, 1.22% Cu, 0.03% Co, 0.15g/t Au, 10.28g/t Ag, 3.46g/t PGM. Sudbury, Ontario--(New | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Grant Mourre (Not stated) | |
| ABSTRACT: | Sudbury, Ontario--(Newsfile Corp. - November 6, 2018) - SPC Metals ("SPC", the Company) and Transition Metals Corp. (TSXV: XTM) ("Transition") are pleased to provide a corporate update and to announce assay results from fall drilling at the company's Aer-Kidd Project, near SudburyOntario. SPC is a division of Sudbury Platinum Corporation, a private company in which by Transition Metals has a 28% ownership. The Company has completed the drilling of two holes totaling 1,265 m to test an electromagnetic (EM) anomaly (see SPC March 5, 2018 news release) detected 350m down-dip of the past producing Robinson Mine. Scott McLean, P.Geo., CEO of SPC stated, "We're very encouraged by the results at Aer-Kidd. The high-grade mineralization intersections detected in both drill holes demonstrate the property's potential for high-grade Ni-Cu-Co-PGM mineralization similar to the adjacent world class Totten and Victoria deposits." Located within the SW corner of the prolific Sudbury Mining Camp, the Aer-Kidd Property consists of a 1.4 km section of the WorthingtonOffset Dyke (WOD). The WOD hosts several high-grade Ni-Cu-Co-PGM deposits including Vale's Totten Mine (10.1Mt @ 1.5%Ni, 1.97%Cu, 4.8g/t PGM)¹ located 1.8 km SW of the Aer-Kidd Property and KGHM's Victoria Development Project (14.5Mt @ 2.5%Ni, 2.5%Cu, 7.6 g/t PGM)² located 3.0 km NE of the Aer-Kidd Property. On the property, the WOD consists of a NE-SW trending, steeply dipping composite dyke ranging in width from 40 to 70 m. The dyke displays a distinct zonation in both inclusion and sulphide contents from the margin to the core of the dyke. Locally, the dyke contains a core of inclusion-rich quartz diorite (IQD), which can be choked with inclusions surrounded by highgrade semi-massive to massive sulphide mineralization. The orebodies within the WOD are primarily hosted within discontinuous phases of the IQD that contain 10 to 80% amphibolite inclusions (AIQD) that can range in size from less than 10 cm to greater than 10 m in diameter. Zones of AIQD form discontinuous lenses within the center of the dyke that can range in size from a few 10's of m up to 100's of m in length and width while the vertical extents of these zones can be greater than 1,000 m. The semi-massive sulphides intersected to date on the Property are associated with zones of AIQD. | |
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