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Transition Vests 100% Interest in Sunday Lake PGM-Ni-Cu Project
Transition Vests 100% Interest in Sunday Lake PGM-Ni-Cu Project Transition Vests 1...
About this update from Transition Metals Corp.
[{"type":"text","content":"\n\n\n\nTransition Vests 100% Interest in Sunday Lake PGM-Ni-Cu Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nTransition Vests 100% Interest in Sunday Lake PGM-Ni-Cu Project\nCanada NewsWire\nSUDBURY, ON, June 14, 2016\n\n\n\n\n\n\n\nSUDBURY, ON, June 14, 2016 /CNW/ - Transition Metals Corp. (XTM – TSX.V) (\"Transition\" or \"the Company\"), is pleased to announce that the Company and its Joint Venture partner, Impala Platinum Holdings (\"Implats\") have now vested a 100% interest in the core property positon of the Sunday Lake Project. \n\nCompany CEO and president, Scott McLean commented, \"We are delighted with the progress at Sunday Lake since assembling the property in 2013. Much work has been completed and we continue to demonstrate the continuity of the PGM mineralization, including a significant drill intersection of 42.9m at 3.43 g/t PGM reported last fall (news release; November 16, 2015). We view our partnership with Implats and our ownership in Sunday Lake as a demonstration of the value of the Project Generator business model, whereby the Company has vested an interest in a new, significant discovery with minimal cost and shareholder equity dilution.\" \n\nThe Sunday Lake Project is located approximately 25 km north of Thunder Bay and 25 km west of Panoramic Resources Limited's Thunder Bay North deposit.  The Project is a Joint Venture owned 75% by Implats and 25% by Transition. Under the terms of the Joint Venture, Implats provides all funding until the completion of a feasibility study.  \n\nUpcoming Webinar – Investigating the Project Generator ModelTransition is pleased to participate in an upcoming webinar moderated by Rick Rule of Sprott Global Resource Investment Ltd., scheduled for Thursday June 16, 2016 at 12 pm ET. The webinar will discuss the merits of the project generator model and will also feature Lara Exploration Ltd and Eurasian Mineral Inc.  Interested parties are invited to register for the webinar here. An audio playback will be emailed within 24 hours to every registrant. \n\nQualified PersonTh...