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SPC Metals Intersects 13.60 m of Ni-Cu-Co-PGM Mineralization Grading 2.49% Nickel Equivalent Below Past Producing Robinson Mine in Ontario
Sudbury, Ontario--(Newsfile Corp. - November 6, 2018) - SPC Metals ("SPC", the Company) and Transition Metals Corp. (TSXV: XTM) ("Transition") are pleased to pr
About this update from Transition Metals Corp.
[{"type":"text","content":" Sudbury, Ontario--(Newsfile Corp. - November 6, 2018) - SPC Metals (\"SPC\", the Company) and Transition Metals Corp. (TSXV: XTM) (\"Transition\") 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 (EM) anomaly (see SPC March 5, 2018 news release) detected 350m down-dip of the past producing Robinson Mine. Highlights: Drill hole AK-18-030 intersected mineralization at 13.35m containing 0.61%Ni, 0.92%Cu, 0.02%Co and 2.50g/t PGM (Pt+Pd+Au) from 683.40-696.75 m including a higher grade section of 2.35%Ni, 2.16% Cu, 0.05% Co and 5.57g/t PGM over 1.25 m. Drill hole AK-18-030A intersected mineralization at 13.60m containing 0.66%Ni, 1.22%Cu, 0.03%Co and 3.46g/t PGM from 651.50-665.10 m including a higher grade section of 2.19%Ni, 3.55% Cu, 0.05% Co and 3.41g/t PGM over 1.10 m. The highest grade ore intersection detected to date was discovered in drill hole AK-18-030A: 7.96% Ni, 7.50% Cu, 1.04% Co and 133.87g/t PGM over 0.25 m. Scott McLean, P.Geo., CEO of SPC stated, \"We're very encouraged by the results at Aer-Kidd. The high-grade mineralization intersections detected in both drill holes demonstrate the property's potential for high-grade Ni-Cu-Co-PGM mineralization similar to the adjacent world class Totten and Victoria deposits.\" Table 1: Highlight Drill Intersections. Hole From (m) To (m) Length* (m) Ni wt.% Cu wt.% Co wt.% Pt g/t Pd g/t Au g/t Ag g/t 3E g/t S wt.% NiEq % AK-18-030 683.40 696.75 13.35 0.61 0.92 0.02 1.52 0.69 0.29 6.74 2.50 2.79 1.88 including 683.75 685.00 1.25 2.35 2.16 0.05 2.39 2.88 0.30 13.56 5.57 8.58 5.31 including 695.40 696.75 1.35 1.39 1.15 0.03 0.92 0.37 0.15 6.84 1.44 4.89 2.54 AK-18-030A 651.50 665.10 13.60 0.66 1.22 0.03 0.74 2.57 0.15 10.28 3.46 3.40 2.49 including 651.50 651.75 0.25 7.96 7.50 1.04 4.38 128.50 0.99 77.40 133.87 11.20 57.22 including 658.70 659.80 1.10 2.19 3.55 0.05 2.75 0.37 0.29 26.16 3.41 12.70 5.26 Note: * All intercepts reported are down hole lengths, not true thicknesses. Insufficient drilling has been completed to date to define the orientation of the mineralized zo...