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Transition Begins Drilling to Test Promising Gold Targets in Nova Scotia on the Highland Gold Property
Sudbury, Ontario--(Newsfile Corp. - November 13, 2018) - Transition Metals Corp (TSXV: XTM) ("...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Begins Drilling to Test Promising Gold Targets in Nova Scotia on the Highland Gold PropertySudbury, Ontario--(Newsfile Corp. - November 13, 2018) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") has initiated a program of reverse air blast (RAB) 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 parallel kilometer-scale faults which are associated with known zones of sub-cropping, high-grade gold mineralization. In addition, till investigations have detected an extensive area of anomalous samples down ice from these structures that host elevated gold grain counts. These grain counts may be sourcing their gold from a number of these large fault structures. Transition intends to complete between 500 and 1000 metres of RAB drilling this fall to evaluate as many target areas as possible while weather conditions permit. Commenting on progress, Transition CEO Scott McLean stated: \"We are very encouraged by results so far. Previous diamond drilling on the property struggled to recover representative samples in the mineralized zones due to problems with excessive fracturing and core loss. The history of glaciation and weathering in the highlands is similar to other regions in the country such as the Klondike. In the Klondike, RAB drilling has proven to be a more successful and cost-effective exploration tool.\"Exploration to date has led to the identification of more than 30 mineralized bedrock occurrences within an approximate 50 square kilometre area of which 9 samples returned bedrock assays greater than 8 g/t gold and up to 104 g/t gold, and 23 returning higher than 1.7 g/t gold¹.About the Highland Gold PropertyThe Highland Gold property covers an extensive cluster of high-grade gold occurrences in an area that has seen very limited exploration. The property is located approximately 60 kilometres northwest of the city of Sydney, Nova Scotia in the Cape Breton Highlands. It consists of staked mining licenses on crown land that covers approximately 5,408 hectares in an area of active forestry operation...