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Transition Metals Corp.
Summary
| Project: | Highland | |
|---|---|---|
| Deposit: | Highland | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2019: Transition Metals Corp. announces an Exploration/Drilling Update report for its Highland deposit at the Highland project. Drilling results incl. 9.14m @ 23.22g/t Au from 12.19m. Sudbury, Ontario--(Newsfile Corp. - January 15, 2019) - Transition | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Collins (Internal) | |
| ABSTRACT: | Sudbury, Ontario--(Newsfile Corp. - January 15, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce assay results from a Rotary Air Blast (RAB) drilling program completed in Cape Breton, Nova Scotia. Of note, hole TMRB-18-01 intersected 9.14 metres grading 23.22 grams per tonne (g/t) gold including 3.05 metres grading 49.54 g/t (1.6 ounces per tonne gold) at the Main Zone before ending in mineralization at a depth of 21.34 metres. The hole was completed as part of an initial test program to assess the effectiveness of RAB drilling to recover samples of near surface oxidized and weathered bedrock and to test for a southward extension to a historically identified zone of sub-cropping mineralization called the Main Zone. In total, 7 holes for 200 metres were completed on the property before the onset of winter conditions in the Highlands forced the Company to demobilize until weather conditions improve this spring. Transition holds an option to acquire a 100% interest in the property. The Company will host a webinar on Wednesday January 16 th at 10am EST to discuss the results. Please register for the webinar by following this link https://attendee.gotowebinar.com/register/3270269034555700482 Company CEO Scott McLean describes: "Bedrock in the Highlands displays a high degree of chemical weathering and oxidation comparable to that developed in a subtropical environment, and to that preserved in the Klondike region of the Yukon. We recognized that this high degree of weathering near surface required a different tool kit in order to explore more effectively. Since acquiring the property last fall, our work has highlighted numerous exploration targets associated with mineralized structures, prospective alteration and till anomalies that support the potential for a multi-kilometre scale gold system on the property. The Main Zone is one of 30 mineralized zones identified to date on the property. Given the strongly weathered nature of the bedrock setting, RAB drilling has proven to be an effective tool to inexpensively and rapidly screen numerous targets moving forward." | |
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