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Transition Expands PGM Mineralization at Sunday Lake
SUDBURY, ON , Aug. 7, 2014 /CNW/ - Transition Metals Corp. (XTM – TSX.V)  ...
About this update from Transition Metals Corp.
[{"type":"text","content":"\n\n\n\n\nSUDBURY, ON, Aug. 7, 2014 /CNW/ - Transition Metals Corp. (XTM – TSX.V)  (\"Transition\", \"the Company\"), is pleased to provide an update on activities at the Sunday Lake Project, located near Thunder Bay, Ontario. The Sunday Lake Project is a joint venture between Transition and Impala Platinum Holdings Limited (Implats) of South Africa that is fully funded by Implats. To date, the joint venture has completed 11 holes for a total of 5,095 metres which have returned multiple intersections of significant platinum rich mineralization and have defined shallowly dipping zones of mineralization within a 400 metre by 800 metres region located in the northeastern portion of the intrusion. \n\nLocation of drill holes and collar information is provided in Table 2 and depicted in Figure 1. A table of drill results is presented below in Table 1.  In addition to previous results, the tables contain the final results from the last two of five holes drilled as part of the spring 2014 drill program (SL-14-004 and SL-14-005).These holes encountered two new mineralized intercepts including 1.70 metres containing 1.58 g/t combined precious metals (Pt+Pd+Au or PGMs) in hole SL-14-004 and 4.8 metres containing 1.04 g/t PGMs in hole SL-14-005.  \n\nTable 1: Summary of Assay Results\n\n\n\n\nDrill Hole\n\n\nFrom\n\n (m)\n\n\nTo\n\n (m)\n\n\nLength\n\n (m)\n\n\nPt\n\n (g/t)\n\n\nPd\n\n (g/t)\n\n\nAu\n\n (g/t)\n\n\nPt+Pd+Au\n\n (g/t)\n\n\nCu\n\n (%)\n\n\nNi (%)\n\n\nS (%)\n\n\n\nSL-13-002\n\n\n369.4\n\n\n371.8\n\n\n2.4\n\n\n0.87\n\n\n0.46\n\n\n0.03\n\n\n1.36\n\n\n0.03\n\n\n0.04\n\n\n0.72\n\n\n\nand\n\n\n395.0\n\n\n415.2\n\n\n20.2\n\n\n2.11\n\n\n0.95\n\n\n0.16\n\n\n3.22\n\n\n0.26\n\n\n0.11\n\n\n1.22\n\n\n\nincluding\n\n\n410.0\n\n\n413.0\n\n\n3.00\n\n\n3.41\n\n\n1.68\n\n\n0.28\n\n\n5.37\n\n\n0.45\n\n\n0.13\n\n\n1.23\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSL-13-003\n\n\n299.0\n\n\n308.0\n\n\n9.0\n\n\n0.91\n\n\n0.74\n\n\n0.08\n\n\n1.73\n\n\n0.44\n\n\n0.13\n\n\n3.05\n\n\n\nincluding\n\n\n302.0\n\n\n303.0\n\n\n1.0\n\n\n1.73\n\n\n1.43\n\n\n0.15\n\n\n3.31\n\n\n0.86\n\n\n0.24\n\n\n3.05\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSL-13-005\n\n\n164.6\n\n\n170.6\n\n\n6.0\n\n\n0.40\n\n\n0.31\n\n\n0.04\n\n\n0.75\n\n\n0.13\n\n\n0.04\n\n\n0.59\n\n\n\nincluding\n\n\n167.6\n\n\n168.6\n\n\n1.0\n\n\n0.66\n\n\n0.59\n\n...