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Discovery of the Year Award Presented to Transition and Implats by Northwestern Ontario Prospector's Association
THUNDER BAY, ON , April 9, 2014 /CNW/ - Transition Metals Corp. (XTM – TSX.V)...
About this update from Transition Metals Corp.
[{"type":"text","content":"\n\nTHUNDER BAY, ON, April 9, 2014 /CNW/ - Transition Metals Corp. (XTM – TSX.V)  (\"Transition\", \"the Company\") is pleased to announce that the Bernie Schneiders Discovery of the Year Award has been presented to Transition Metals and Impala Platinum Holdings Limited (Implats) in recognition for the Sunday Lake Platinum discovery. The award was presented last night by the Northwestern Ontario Prospectors Association (NWOPA) to representatives of the discovery team at the annual awards dinner hosted during 2014 Northwestern Ontario Mines and Minerals Symposium in Thunder Bay. \n\nNWOPA awards committee member Don Hoy congratulated the team commenting \"we are all pleased to see another significant platinum discovery realized in the Thunder Bay region. It confirms our conviction that Northwestern Ontario remains a great place to explore. Northwestern Ontario is a low cost, stable jurisdiction with great infrastructure and a skilled workforce that continues to prove itself to be a rewarding region to make discoveries. We wish the team at Transition continued success as they continue to work with partner Implats to advance Sunday Lake.\" \n\nSunday Lake Project Update\n\nOne drill is on site at the Sunday Lake project with a total of 2,500 metres of drilling planned to focus on expanding the extent of mineralization intersected during the discovery program.  Geophysical crews have been mobilized to site to conduct borehole EM surveys in accessible holes completed during the discovery program.\n\nAbout the Sunday Lake Property\n\nThe Sunday Lake Property is located approximately 25 km north of Thunder Bay and 25 km west of Panoramic Resources Limited's, Thunder Bay North deposit and consists of staked claims and privately owned land optioned in 2013 from Rio Tinto Exploration Canada Inc. (RTEC) and other property holders. The property covers a 3.5 km diameter circular reversely-polarized magnetic anomaly associated with a large buried mafic-ultramafic intrusion interpreted to be Proterozoic in age and related to the Midcontinental Rift (MCR). The MCR is a 2,000 km long geological rift in the center of North America that formed when the North American craton began to split apart about 1.1 billion years ago. Early phases ('early-rift') of mafic to ultramafic intrusive rocks, with high associated PGMs ...