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Transition Metals Expands Gowganda Gold Project to 65 Kilometres-Squared, Commences Summer Exploration Program, and Confirms DTC Eligibility
Sudbury, Ontario--(Newsfile Corp. - May 20, 2026) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has expanded its Gowganda Gold property ("Gowganda" or the "Project") to approximately 65 km2 following recent claim staking along the Ridout-Tyrell Deformation Zone ("RTDZ"). The Project is located in the prolific Abitibi greenstone belt, within 75 km of three producing gold mines, including IAMGOLD's Côté Gold1, Alamos Gold's Young-Davidson...
About this update from Transition Metals Corp.
[{"type":"text","content":"Sudbury, Ontario--(Newsfile Corp. - May 20, 2026) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has expanded its Gowganda Gold property ("Gowganda" or the "Project") to approximately 65 km2 following recent claim staking along the Ridout-Tyrell Deformation Zone ("RTDZ"). The Project is located in the prolific Abitibi greenstone belt, within 75 km of three producing gold mines, including IAMGOLD's Côté Gold1, Alamos Gold's Young-Davidson Mine2, and Agnico Eagle's Macassa operations3, which collectively produced an estimated CAD $4.5 billion in gold value in 2025(1,2,3). The project is also located near advanced-stage exploration assets in the Shining Tree camp, including McFarlane Lake Mining's Juby Gold project. The Company has initiated its 2026 summer exploration program, prioritizing targets along a highly prospective mineralised structural corridor.","length":986,"tagName":"p"},{"type":"text","content":"Note: The estimated 2025 gold value referenced herein was calculated by the Company using publicly reported 2025 gold production figures disclosed in the respective companies' Fourth Quarter and Year-End 2025 Results and prevailing 2025 gold prices contained within in those disclosures. Production figures were sourced from: 1 IAMGOLD press release dated February 17, 2026, 2 Alamos Gold Inc. press release dated February 18, 2026, and 3 Agnico Eagle Mines Limited press release dated February 12, 2026. Gross metal value estimates are provided for contextual purposes only, and do not represent mineral resources, mineral reserves, operating margins, or economic recoveries.","length":680,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Expanded Land Package: Transition now controls 65 km2 positioned across the interface of the Shining Tree gold camp and Gowganda silver camp. The Project benefits from its location near multiple producing and development-stage gold operations with significant resource endowments.","length":280,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Camp Scale Coverage: Near continuous coverage of ~15 km of a major east-west structure believed to be an extension of the Ridout Fault, ...