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Transition Metals Outlines Gold in Till Anomalies at Highland Gold, Cape Breton
Sudbury, Ontario--(Newsfile Corp. - February 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce the results fro
About this update from Transition Metals Corp.
[{"type":"text","content":" Sudbury, Ontario--(Newsfile Corp. - February 19, 2019) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to announce the results from a till geochemical survey conducted over portions of the Highland Gold Project located in Cape Breton, Nova Scotia. The survey has identified three large gold-in-till anomalies consisting of gold grain counts that are in some cases 10 to 30 times higher than average background levels from Nova Scotia¹. The size and location of these anomalies described in more detail below are depicted in Figure 1. Transition CEO Scott McLean explains that, \"The results further highlight the likelihood that a large gold system or systems may occur on the property. Anomaly 1 highlights a roughly 5 square kilometer portion of the property that hosts a number of known mineralized showings including the Main Zone where recent RAB drilling by Transition returned 9.14 metres grading 23.22 g/t gold. It does not appear that this showing alone can account for what we are observing in the till samples.\" Figure 1. Gold In Till Anomalies, Highland Gold Project, Cape Breton Nova Scotia About the Till Sampling Work In August of 2018, Transition collected at total of 66 till samples collected from mechanically excavated and backfilled pits using a loader-backhoe. The samples were submitted to Overburden Drilling Management (ODM) located in Ottawa, Ontario and analyzed over the fall. The procedures employed by ODM involves the tabling of all -2mm wet screened material to obtain a 300-400g sample of heavy minerals to achieve a 80-90% recovery rate for every useful indicator mineral of specific gravity greater than 3.2 irrespective of grain size. Any contained gold grains were separated from the table concentrates by micropanning and are counted, measured and classified as to degree of wear which can provide information regarding distance of glacial transport. The relative abundances of any sulphides or similar indicator minerals or metallic contaminants were estimated and the expected gold assay value of the contained gold grains was calculated. Before tabling, a representative split was removed from each sample and submitted to ALS in Vancouver, British Columbia for geochemical analysis. To summarize the results of this work, three broad zones of anomalous gold in till were highlighted which are...