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Transition Metals Corp.
Summary
| Project: | Sunday Lake | |
|---|---|---|
| Deposit: | Big Red | |
| Location: | Canada | |
| Commodities: | Copper-Nickel-Palladium-Platinum-Gold | |
| Date: | 5/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-5-2020: Transition Metals Corp. announces an Exploration/Drilling Update report for its Big Red deposit at the Sunday Lake project. Drilling results incl. 26m @ 1.38g/t Pt, 1.05g/t Pd, 0.12g/t Au, 0.25% Cu, 0.13% Ni from 1435m. Sudbury, Ontario--(Newsfi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Grant Mourre (Internal) | |
| ABSTRACT: | Sudbury, Ontario--(Newsfile Corp. - May 5, 2020) - Transition Metals Corp (TSXV: XTM) ("Transition", "The Company") is pleased to announce it has received assay results from the previously announced drill program (see XTM press release dated January 20, 2020) conducted by Impala Canada Ltd. (Impala Canada) on the Sunday Lake PGM Property located 25 km north of Thunder Bay, Ontario (Figure 1). Impala Platinum Holdings Limited (Implats) and Impala Canada control a 75% interest in the Property and Transition holds a 25% free carried interest through to the completion of a Feasibility Study. The 'Big Red' Magnetotellurics (MT) anomaly that measures in excess of 500m by 400m has been tested with four drill holes todate, all of which have intersected high grade PGM (Pt+Pd+Au) mineralization. The 'Big Red' anomaly appears to be part of a much larger untested northwest-southeast trending MT anomaly measuring 1200m by 400m. The mineralized zone, as defined by the current drilling, ranges in thickness from 20.0mto 60.0mwith PGM grades from 2.2 g/t to 5.51 g/t (1.20-3.22 g/t Pt, 0.80-2.08 g/t Pd and 0.09-0.21 g/t Au) combined Pt+Pd+Au. Importantly, this broader zone also includes a nested high grade section that ranges in thickness from 4.0mto 15.8mwith PGM grades greater than 5 g/t combined Pt+Pd+Au. | |
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