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Transition Metals Reports Encouraging Levels of Copper Mineralization from Sampling of Historical Showings at Wollaston Copper Project in Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - November 17, 2020) -  Transition Metals Corp (TSXV: X...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Metals Reports Encouraging Levels of Copper Mineralization from Sampling of Historical Showings at Wollaston Copper Project in SaskatchewanSudbury, Ontario--(Newsfile Corp. - November 17, 2020) -  Transition Metals Corp (TSXV: XTM) (\"Transition\", \"XTM\", the \"Company\") is pleased to report results from grab samples collected over its 100% owned, 150 square kilometre Wollaston Copper Project located approximately 60 kilometres southwest of the Rio Tinto Exploration Canada (RTEC) and Forum Energy Metal's (Forum) Janice Lake project (Figure 1) in north central Saskatchewan. Drilling by Noranda in 1994 in the Flag Lake target area near Fannon Lake returned grades and thicknesses of copper mineralization similar to that being intersected by RTEC at Janice, including 0.48% Cu over 8.6 metres¹.¹ Government of Saskatchewan Mineral Deposit Index Details: Mineral Property 0949B.Sampling of several historic bedrock copper (Cu) and zinc (Zn) occurrences on the property resulted in peak Cu and Zn values of (Table 1):0.47% at the Fannon Lake showing and 0.43% Cu at the Flag Lake showing 1.5 km north of Fannon 0.44% Cu at the Tosi showing located 25 km southwest of Fannon Lake0.93% Zn from the Fable Lake showing located 5 km southwest of Tosi. Transition CEO and President Scott McLean, P.Geo. stated, \"This completed programme successfully located and sampled the first 4 of 9 known historical occurrences returning Cu values comparable to those being reported by Forum Energy Metals and Rio Tinto 60 kilometres to the northeast at Janice Lake. The presence of copper mineralization, in this underexplored part of what we consider to be an emerging sedimentary-hosted copper district, is very encouraging.\" Figure 1. Location of the Wollaston Copper and Janice Lake Projects.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2766/68325_cefafd18f44feba3_002full.jpgProspecting and Sampling HighlightsThe objective of this work was to locate and verify several historical Cu and Zn occurrences (Figure 2). The location of historical occurrences was based on georeferencing of historical maps with analytical results difficult to verify. Table 1 presents a listing of highlight assays from a total of 27 rock grab samples returning Cu values ranging from 0.0002% to 0.47% Cu. In total on...