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Transition Metals Corp.
Summary
| Project: | Gowganda | |
|---|---|---|
| Deposit: | Gowganda | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2017: Transition Metals Corp. announces an Exploration/Drilling Update report for its Gowganda deposit at the Gowganda project. JV with Aldershot Resources Ltd. - Drilling results incl. 9.10m @ 1.24g/t Au from 110.4m. Transition Metals Corp. (XTM – TS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Collins, Stave Flank (Internal) | |
| ABSTRACT: | Transition Metals Corp. (XTM – TSX.V) (“Transition”) and Aldershot Resources Ltd. (“Aldershot” or the “Company”) (TSXV:ALZ Frankfurt: ASL1.F US: ALZTF.PK), are pleased to report on initial assay results from drilling completed on the Gowganda Gold project located 75 kilometres southwest of Kirkland Lake Ontario. The results are from the first two, of eleven completed holes for which additional assay results remain pending. Holes TMH-17-022 and TMH-17-023 were drilled to test for a down plunge continuation of stockwork veining exposed at surface in the vicinity of the Annie’s Ladder showing. Both holes intersected intervals of strong alteration and elevated gold. President and CEO of Aldershot Minerals Jeremy Caddy commented that “Aldershot is pleased with the initial assay results from the first two holes of the program and we are looking forward additional results as they become available over the coming weeks.” President and CEO of Transition Metals, Scott McLean commented; “We consider these results to be encouraging as they further validate the potential of a mineralizing system with similarities to other known economic deposits in the region in terms of style of mineralization, alteration and geologic setting.” | |
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