Transition Metals Corp. is pleased to announce that North American Palladium has commenced a diamond drill program at the Sunday Lake Platinum-Palladium Property. NAP holds an option to earn up to a 75% interest in the Property and Transition holds a 25% free carried interest through to the completion of a Feasibility Study. Transition was notified by NAP earlier this month of the recommencement of drilling on the Sunday [...]
Transition Metals Corp. is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the ~14 square kilometre Maude Lake Ni-Cu-Co-PGM property located near Schreiber, Ontario . The property covers a known high-grade magmatic Ni-Cu-Co-PGM showing where grab samples collected by Novawest Resources Inc. in 2002 were reported to have returned values of up to 6.23 % Ni and up to 2.48 % Cu1 [...]
Sudbury, Ontario-- - Transition Metals Corp. is pleased to announce assay results from a Rotary Air Blast drilling program completed in Cape Breton, Nova Scotia. Of note, hole TMRB-18-01 intersected 9.14 metres grading 23.22 grams per tonne gold including 3.05 metres grading 49.54 g/t 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 [...]
Transition Metals Corp. announces it has granted a total of 1,950,000 incentive stock options to directors, management and employees of the Company pursuant to the Company's stock option plan and subject to regulatory approval. The options are exercisable for a period of five years at a price of $0.10 per share. The shares issuable upon exercise shall be subject to a four-month hold period from the date of the grant of [...]
Canadian Gold Miner and Transition Metals Corp. are pleased to announce the discovery of a new gold zone dubbed "Behold Zone" located approximately 10 kilometres south of Kirkland Lake, Ontario. The zone is located near the northwest edge of a recently identified 800 metre long, Induced Polarization chargeability and resistivity anomaly occurring within a favourable structure and alteration corridor that the Company has [...]
Transition Metals Corp. is pleased to report it has closed its previously announced flow-through private placement raising $199,985 from the sale of 1,739,000 Flow Through common shares at a price of $0.115 per share. The new securities issued are subject to the standard four month hold period expiring April 29, 2019. The Company paid finders' fees consisting of $9,999.25 plus applicable taxes in cash. Gross proceeds of [...]
Transition Metals Corp. is pleased to announce that it intends to raise up to $200,000 by way of a non-brokered private placement financing consisting of up to 1,739,130 Flow Through common shares at a price of $0.115 per share. A finder's fee may be paid in connection with the placement to finders, including affiliates of Gravitas Securities Inc., as determined by mutual agreement between the Corporation and the finders [...]
Transition Metals Corp. has initiated a program of reverse air blast drilling in Cape Breton, Nova Scotia. RAB drilling produces a mixture of crushed rock powder and chips when the ground being drilled is extensively weathered and broken. Transition is testing exploration targets highlighted from mapping, sampling and airborne geophysical surveys completed this fall. Results from the airborne survey show a number of [...]
SPC Metals and Transition Metals Corp. are pleased to provide a corporate update and to announce assay results from fall drilling at the company's Aer-Kidd Project, near Sudbury Ontario. 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 anomaly detected 350m [...]
Transition Metals Corp. is pleased to announce that Forum Energy Metals has completed a four-hole, 447m diamond drill program on the Janice Lake Sedimentary Copper Project located in northern Saskatchewan's Wollaston Copperbelt. All four holes encountered copper mineralization within 80m of surface with Hole FEM-01 intersecting 19m grading 1.0% Copper, including 5.7m of 2.18% Copper within a 50.5m interval grading 0.45 [...]
Transition Metals Corp. is pleased to announce it has begun to conduct a high resolution airborne geophysical survey over its Highland Gold property located in the Cape Breton Highlands of Nova Scotia. The survey, to be completed by Terraquest Ltd., will collect low level, fixed wing high resolution horizontal magnetic gradient and very low frequency conductance data flown at lines spaced 50 metres apart covering most of [...]
Transition Metals Corp. is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the >45 square kilometre Highland Gold property located in the Cape Breton Highlands of Nova Scotia. The property covers an extensive cluster of high grade gold occurrences that have seen very limited exploration. CEO Scott McLean commented, "We think the potential for the area to host large deposits [...]
