Business
Transition Metals Provides an Update on Its Pike Warden Project and Will Present Results at the Yukon Geoscience Forum & Trade Show
Assays from field sampling completed in September 2023 confirm three new polymetallic mineralized...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Metals Provides an Update on Its Pike Warden Project and Will Present Results at the Yukon Geoscience Forum & Trade ShowAssays from field sampling completed in September 2023 confirm three new polymetallic mineralized areas, named Nemean Lion, Minotaur, and Hercules showingsHighlight assay values from grab samples include: 2.91 g/t Au, 6.57 g/t Ag, and >1% MoResults from high-resolution LiDAR, orthophotography, and multispectral alteration mapping products highlight new target corridorsTransition Metals Co-founder and COO, Greg Collins, will present results from Pike Warden at 2:10pm on Tuesday, November 21, 2023 at the Yukon Geoscience Forum & Trade ShowSudbury, Ontario--(Newsfile Corp. - November 20, 2023) - Transition Metals Corp. (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to provide an update regarding results from sampling conducted in September 2023 on its Pike Warden project (\"the Property\") located 65km southwest of Whitehorse, Yukon. Three new polymetallic mineralized areas were confirmed on the property, named the Nemean Lion, Minotaur, and Hercules showings, bringing the total number of showings on the Property to 25 (see figure 1). Geochemical results from select grab samples returned highlight values up to 2.91 g/t Au and >1% Mo (see table 1). In September, the Company completed a follow-up program of fieldwork resulting in the collection of 78 surface grab and float samples from across the underexplored northeast section of the property. These mineralized areas, among others, were successfully identified from the final products received from the remote sensing surveys previously announced in a press release dated October 24, 2023. Scott McLean, P.Geo., CEO of Transition Metals, commented, \"The polymetallic nature of the observed mineralization and field relationships from the collected samples, display characteristics of the molybdenum rich halo that often occurs peripheral to a copper porphyry-style system. We are highly encouraged with the wide distribution of mineralization and alteration across the Property and view Pike Warden as a large, emerging, previously unrecognized mineralized system.\"Table 1.ZoneSampleTypeGold (g/t)Silver (g/t)Copper %Lead %Mo%MinataurD938889Grab 2.91 1.22 TrTr Tr HerculesD938883Grab 0.04 2.43 TrTr 0.53 Nemean LionD938892Grab Tr 6.50 TrTr >1 &#...