Business
4.0 Metres Grading 16.15 Grams per Tonne Gold Returned from Initial Assay Results from New Drilling at Transition Metals Highland Gold Project
Sudbury, Ontario--(Newsfile Corp. - July 15, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce initial assay resul
About this update from Transition Metals Corp.
[{"type":"text","content":" Sudbury, Ontario--(Newsfile Corp. - July 15, 2019) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to announce initial assay results from a program of reverse circulation (RC) drilling initiated this spring at the Highland Gold project in Cape Breton, Nova Scotia. Of note, hole 19-TMC-RC-01 returned an interval averaging 16.15 grams per tonne (g/t) gold over 4 meters within an interval where composite sampling returned 8.0 metres grading 5.90 g/t gold (g/t Au). The results were obtained from shallow drilling near an area of exposed mineralization referred to historically as the 6A Zone. The 6A Zone is located approximately 2 kilometers to the east of Main Zone where drilling completed in the fall by the Company returned a 9.14 metre intersection grading 23.22 g/t Au (see Transition news release dated January 14, 2019). Company CEO Scott McLean commented, \"Once again we are encouraged by results coming from the first six of 28 holes completed at the Highland Project. Drilling has returned encouraging assay results from a second site (6A) located 2 kilometers to the east of our previous success at Main Zone along a structural trend that can be traced across the central portion of the property for more than 4 kilometres. This structural trend is only one of several of similarly oriented potentially gold bearing structures that we have identified that need to be drill tested.\" Table 1 presents highlight assay results from one metre sample intervals from hole 19-TMC-RC-01. Table 1: Hole ID From (m) To (m) Length (m) Au (g/t) 19-TMC-RC-01 10.0 14.0 4.0 16.15 Including 19-TMC-RC-01 10.0 11.0 1.0 39.02 19-TMC-RC-01 11.0 12.0 1.0 18.20 19-TMC-RC-01 12.0 13.0 1.0 6.09 19-TMC-RC-01 13.0 14.0 1.0 1.31 *Note: length represents downhole interval. Insufficient information exists to estimate true thickness Table 2 presents a summary of highlight intervals returned from composite sampling completed on the first 6 of 28 completed holes. Table 2: Collar Location Information Highlight Assay Interval Hole ID Easting Northing Length Az Dip From To Length Au g/t 19-TMC-RC-01 675284 5152649 21.0 0 -90 8.0 12.0 4.0 8.24 19-TMC-RC-01 12.0 16.0 4.0 3.56 Composite Avg. 8.0 16.0 8.0 5.90 19-TMC-RC-02 675271 515...