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Transition Metals Intersects 20.01 Metres Averaging 0.5 % Ni Eq, Including 4.00 Metres Averaging 0.9 % Ni Equivalent at Maude Lake Project, Schreiber, Ontario
Ni-Cu mineralization occurs within a 5 to 15m thick zone of magmatic sulphides that is at le...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Metals Intersects 20.01 Metres Averaging 0.5 % Ni Eq, Including 4.00 Metres Averaging 0.9 % Ni Equivalent at Maude Lake Project, Schreiber, OntarioNi-Cu mineralization occurs within a 5 to 15m thick zone of magmatic sulphides that is at least 600 by 800 metres long that remains open in all directionsSudbury, Ontario--(Newsfile Corp. - November 28, 2022) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to report assays from the drilling completed this fall at its Maude Lake Property located 10km north of Schreiber, Ontario (Figure 1). The drill program was completed this September and consisted of 3 NQ size diamond drill holes for a total of 561 metres. The drilling targeted an approximate 300x500 metre VTEM conductor, (see news release dated Sept. 12, 2022) interpreted based on work completed this summer by the Transition team to be an offset down dip extension of mineralization exposed at surface. Figure 2 is plan map of the drilling while Figure 3 is a geological cross section. Table 1 presents significant results and Table 2 lists collar coordinates and orientation information. Highlights are as follows:20.01 metres averaging 0.50 % Ni Eq*, including 4.00 metres averaging 0.90 % Ni Eq* in hole ML-22-01, and 1.17 metres averaging 2.54 % Ni Eq* in Hole ML-22-02 Significant intervals of high tenor Ni-Cu-Co and PGM mineralization were intersected in all 3 holes Mineralization occurs near base of a large mafic intrusion, measuring approximately 1,000 metre wide, up to 500 metre thick, and extends for at least 2.5 kilometres to the southeastAn interpretation of the VTEM data suggests that the mineralized zone may extend below the 150 metre observed detection limit of the survey supporting a thesis that the intersected mineralization continues at depthTransition CEO Scott McLean commented, \"The drilling confirms the presence of a continuous looking zone of high tenor nickel and copper sulphide mineralization accumulating near the base of a large mafic intrusion. Given the size of the intrusion and the observed geophysical response, we feel that this mineralized zone has a considerable amount of room to grow.\"Table 1: 2022 Significant Drilling Results - Maude Lake ProjectNote: The reader is cautioned that the assays reported above may not be representative of mineralization across the ent...