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Transition Mobilizes Drill to the Pike-Warden Property, Yukon, to Test High Grade Silver Showing
Sudbury, Ontario--(Newsfile Corp. - October 19, 2022) - Transition Metals Corp (TSXV: XTM) ("T...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Mobilizes Drill to the Pike-Warden Property, Yukon, to Test High Grade Silver ShowingSudbury, Ontario--(Newsfile Corp. - October 19, 2022) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") reports that it has mobilized a RC drill to complete three holes to further evaluate the extent and vertical continuity of mineralization identified this summer at the ERT Zone (see company news release dated October 5, 2022). Hand trenching at the ERT Zone in July returned 42 metres grading 64.28 g/t Ag Eq*, including 7.80 metres grading 170.63 g/t Ag Eq with higher grade intervals of 0.70 metres grading 539.72 g/t and 0.4 m grading 563.97 g/t Ag Eq. Company president and CEO, Scott McLean, P.Geo, commented: \"This is the very first drilling to be completed on this large and prospective project. RC drilling at the ERT zone is an initial step towards evaluating the economic potential on a property with multiple attractive surface showings that we feel has the potential to host large scale epithermal Au-Ag and/or porphyry copper deposits.\" The planned program includes the completion of three holes from a track mounted percussion reverse circulation (RC) drill for a total of 150-300 metres. The drilling is being undertaken by Subterra Exploration Ltd. assisted by Archer Cathro of Whitehorse. Figure 1 shows the location of the property and the ERT Zone. Figure 2 show the property outline as well as other deposits and prospects located in the Bennett Lake Caldera Complex (BLCC) area.Photo 1: View of workers setting up RC Rig in preparation for drilling at ERT Zone on Pike Warden PropertyTo view an enhanced version of Photo 1, please visit:https://images.newsfilecorp.com/files/2766/141087_f33087dfe48ab9af_002full.jpgAbout the Pike-Warden PropertyThe Pike Warden property is located approximately 70 km southwest of Whitehorse, Yukon, and is composed of 185 contiguous mining claims totaling approximately 37 km². The property encompasses a combination of historic and recently discovered high-grade polymetallic gold, copper, and silver epithermal showings that are potentially indicative of a large epithermal-porphyry system in the vicinity of the BLCC.The property is underlain by a series intrusions of the Coast Plutonic Complex including the Fenwick Creek diorite-quartz-diorite, the Mt. McNeil granodiorite, the Nis...