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Transition Reports Drill Intersections Including 1.09% Cu over 9.1 Metres and 1.32% Cu over 5 Metres Within 51.8 Metres Grading 0.57% Cu at Janice Lake
Sudbury, Ontario--(Newsfile Corp. - December 3, 2019) - Transition Metals Corp (TSXV: XTM) ("T...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Reports Drill Intersections Including 1.09% Cu over 9.1 Metres and 1.32% Cu over 5 Metres Within 51.8 Metres Grading 0.57% Cu at Janice LakeSudbury, Ontario--(Newsfile Corp. - December 3, 2019) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to report final assay results from the remaining 12 of 21 diamond drill holes completed on the Janice Lake property by option partners Rio Tinto Exploration Canada (\"RTEC\") and Forum Energy Metals Corp (\"Forum\"). Forum has reported the intersection of multiple, thick, flat lying chalcocite mineralized horizons at each of the Jansem and Janice target areas, confirming and extending copper mineralization at the Jansem and Janice targets. Forum and RTEC's technical teams are reviewing the drill data with a more thorough analysis and interpretation of results in preparation for programs of additional work this winter.Highlights JansemJANL0016 intersected 51.8 metres grading 0.57% Cu and 1.50 g/t Ag (116.2 to 168.0 metres), including 9.1 metres of 1.09% Cu and 1.39 g/t Ag (118.9m to 128.0 metres) and 5.0 metres grading 1.32% Cu and 3.42 g/t Ag (139.0 to 144.0 metres).Nine holes have now delineated copper mineralization across a 650 metre long by 200 metre wide by up to 66 metre thick zone. The Jansem Target remains open along strike and at depth.Janice JANL0007 intersected 22 metres grading 0.37% Cu and 2.82 g/t Ag (185.0 to 207.0 metres).Nine holes have delineated copper mineralization over a 1.2 kilometre long by 400 metre wide area to depth of up to 57 metres. The Janice Target remains open along strike and at depth.Rick Mazur, President & CEO of Forum commented: \"Drilling by Rio Tinto intersected thick zones of flat-lying, stratabound chalcocite and native copper mineralization with good continuity and near-surface grades. Deeper drilling has demonstrated that multiple horizons of copper mineralization are present. We are gaining confidence that Janice Lake is a strongly mineralized system, as new data generated by this program helps us to understand the full potential of this 52 kilometre long sedimentary copper basin.\"Scott McLean, President & CEO of the Company stated: \"We are pleased to see the success unfolding at Janice Lake. The drilling to date has demonstrated that the mineralized zones are extensive and we believe...