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Transition Conducts Deep Seeking Airborne Geophysical Survey to Explore for Large Scale Copper-Gold Systems in Proterozoic Rocks of the Sudbury Region
Sudbury, Ontario--(Newsfile Corp. - November 2, 2020) - Transition Metals Corp (TSXV: XTM) ("T...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Conducts Deep Seeking Airborne Geophysical Survey to Explore for Large Scale Copper-Gold Systems in Proterozoic Rocks of the Sudbury RegionSudbury, Ontario--(Newsfile Corp. - November 2, 2020) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to announce that it has consolidated land packages totaling 154 square kilometres covering a range of polymetallic Gold (Au), Copper (Cu) Silver (Ag) and Tungsten (W) deposits adjacent to the Sudbury Igneous Complex, Ontario. The project areas as shown in Figure 1, cover extensive trends of brecciated and strongly sodic altered rocks close to major crustal structures that appear to control clusters of base and precious metal mineralization. Table 1 gives a summary of the major geological features and work plan for the project areas shown in Figure 1.Figure 1: Sudbury Area Polymetallic Exploration Properties of Transition.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2766/67316_654e1fdf348bd8de_002full.jpgCEO Scott McLean commented, \"The presence of widespread occurrences of gold, copper and other metals in the Huronian rocks in the Sudbury Area has been recognized since the early days of mining in the district. It has only been recently however, that exploration technology and our understanding about the large scale processes including new models for Iron-Oxide-Copper-Gold (IOCG) deposits has advanced to the stage where the potential of these systems can now be systematically evaluated.\"Table 1: Summary of Major Geological Features and Work plan for the Transition Exploration Properties, Sudbury Area, Ontario Project Size (km²)HighlightsPlansSawmill (Au-Cu)43Numerous high-grade Au-Cu showings associated with regional structures, extensive breccia zones and areas of intense sodic and carbonate alteration.Systematic mapping and sampling of mineralized exposures (in progress).Permitting, ground geophysics in preparation for drilling (2021).Aylmer (Cu-Au)53Breccia zones hosting Cu in area highlighted by the Geological Survey of Canada as a potential Iron-Oxide-Copper-Gold (\"IOCG\") district. Large scale system potential at depth to be assessed.Surface sampling and mapping (completed). Deep penetrating airborne magnetotelluric (MT) survey (in progress).Preparation for drilling (2021) Espanola (Au)26C...