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Sudbury Platinum Resumes Drilling at Aer-Kidd and Commences Exploration Activities at Lockerby East
Sudbury Platinum Resumes Drilling at Aer-Kidd and Commences Exploration Activities at Lock...
About this update from Transition Metals Corp.
[{"type":"text","content":"\n\n\n\nSudbury Platinum Resumes Drilling at Aer-Kidd and Commences Exploration Activities at Lockerby East\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSudbury Platinum Resumes Drilling at Aer-Kidd and Commences Exploration Activities at Lockerby East\nCanada NewsWire\nSUDBURY, ON, June 1, 2016\n\n\n\nSUDBURY, ON, June 1, 2016 /CNW/ - Sudbury Platinum Corporation (\"SPC\" or \"the Company\") and Transition Metals Corp. (XTM – TSX.V) (\"Transition\") are pleased to announce the resumption of exploration activities on their 100% owned Aer-Kidd and Lockerby East Projects located within the Sudbury mining camp. Transition is the majority shareholder of SPC and holds approximately 36% of the outstanding shares.\n\nThe 2016 Aer-Kidd exploration program will consist of approximately 18,000m of drilling designed to further test and evaluate the near-surface and deep Ni-Cu-PGM (Pt+Pd+Au) potential of the property. Other activities will include geophysical resurveying of historic boreholes aimed to generate and refine additional drilling targets at depth. SPC has qualified for the Junior Exploration Assistance Program provided through the Ontario Prospectors Association and therefore is eligible to receive a rebate of up to $100,000 based on expenditures.\n\nAt the Lockerby East Property a total of 10 historic holes drilled by Falconbridge Ltd and First Nickel Inc. will be resurveyed with the Lamontagne Geophysics UTEM IV borehole EM system. The objective of the program is to screen the property for high-conductivity features associated with Ni-Cu-PGM mineralization associated with the basal contact of the Sudbury Igneous Complex (SIC). The results will be incorporated into the geological model and be used to plan future drill programs. \n\nSPC and Transition CEO Scott McLean remarked \"We are excited about the opportunity to advance two key Sudbury Mining Camp properties that are both situated along strike of existing mines. The drill targets we have identified look highly prospective and we are eager to get the drill turning.\"\n\nAbout the Aer-Kidd Property...