For thousands of other reports visit RSC's Mineral Intellingence Map
Transition Metals Corp.
Summary
| Project: | Gowganda | |
|---|---|---|
| Deposit: | Gowganda | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-4-2017: 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. 11.52m @ 1.63g/t Au from 120.6m. Transition Metals Corp. (XTM – T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tom Hart, Steve Flank (Internal) | |
| ABSTRACT: | Transition Metals Corp. (XTM – TSX.V) (“Transition”) is pleased to report additional assay results from drilling at the Haultain discovery on the Gowganda Gold Project located near Kirkland Lake Ontario. Work on the Gowganda Gold project is being funded by option partner Aldershot Resources Ltd. which is earning an interest in the project. Transition CEO Scott McLean commented that “The program has highlighted the presence of a robust gold system that appears to be getting stronger at depth. Additionally, the results have generated some new insights into the relationship between northwest oriented shear zones and gold on the property which have led to the identification of some new target areas on the property. One such area is highlighted by a strong 500 metre by 200 metre apparent resistivity anomaly in the vicinity of the NW Shear along strike and at depth from elevated mineralization intersected by multiple holes near surface. Additional drilling to at depth and along strike to test this target and to pursue identified grade thickness trends is warranted.” In 2017, 11 holes, totaling 1418.9 metres have been completed. The project is subject to an option and joint venture agreement with Aldershot Resources Ltd. Under the terms of the agreement Aldershot can earn up to a 75% interest in the property from Transition. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report