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Transition Reports up to 15.7 g/t Au over 0.5 m at Cryderman Au Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - November 27, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce assay results f
About this update from Transition Metals Corp.
[{"type":"text","content":"Sudbury, Ontario--(Newsfile Corp. - November 27, 2019) - Transition Metals Corp (TSXV: XTM) (\"Transition\", \"the Company\") is pleased to announce assay results from channel sampling completed on veining exposed by new trenching on the Cryderman Gold property located near Shining Tree, Ontario. Samples of quartz vein returned up to 15.70 g/t Au over 0.5 metres along 100 metres of the newly-exposed Queen Elizabeth Vein with the best values being returned by channels at the south end of the trench (Table 1). Importantly, sampling of peripheral zones of alteration and quartz stringers returned up to 3.44 g/t Au over 1.63 metres (Table 1). Two additional undocumented veins located to the north of a historical shaft were identified returning up to 3.05 g/t Au over 0.88 metres and 4.11 g/t Au over 0.61 metres. CEO Scott McLean commented, \"We are pleased with these results which confirm the discovery of peripheral mineralization to the known vein as well as undocumented veining to the north. The Cryderman Gold property is centrally located in the Shining Tree camp with no record of drill testing and no record of exploration work since the 1940's. We plan to advance the project through a systematic exploration program with the expectation of attracting a partner, in line with our project-generator business model.\" Channel Sampling Results The stripping and channel sampling program consisted of geological mapping, sampling, stripping and channel sampling to collect information required to place this gold showing in the context of the other gold showings in the Shining Tree gold camp. The stripping exposed approximately 100 metres of strike length of the historical vein as well as an additional 30 metres north of the historical shaft and a 30 metre side trench to test for subparallel veins and structures. A total of 220 samples were collected to test the vein, adjacent alteration and conjugate structures (Table 1). Sampling of the northeast striking historical Queen Elizabeth Vein (QEV) consisted of 17 channels spaced along the approximately 100 metres of exposed strike length. Samples returned between 9.15 g/t Au over 1.07 metres, including 11.30 g/t Au over 0.47 metres in the most southerly channel, to 11.55 g/t Au over 0.54 metres in a channel 80 metres to the north (Table 1). These channels bracketed other channels that returned b...