Slide 1: Gowganda Project
Gowganda Project New Links Between the Historic Gowganda Silver Camp and an Emerging Archean Gold District XTM – TSXV | Project Overview Q1 2023 1
Slide 2: Precious & Strategic Metals in the Abitibi
Precious & Strategic Metals in the Abitibi In One of Canada’s Most Prolific Gold Districts Quebec ▪ The Abitibi is one of the largest and most well-endowed gold Ontario districts in the world, hosting significant deposits of strategic metals including copper, zinc, nickel and cobalt Archean ▪ More t
Slide 3: New Evidence For Large Gold System
New Evidence For Large Gold System Under the Historic Gowganda Silver Camp ▪ 86 square kilometres located 75 km southwest of Kirkland Lake in the heart of the Gowganda Silver/Cobalt camp, which produced 70 Moz of Kirkland Lake silver between 1906 and 1986 (Agnico Eagle) 35 Moz ▪ Property straddles ~
Slide 4: Mineralization
Mineralization Three Interesting Commodity Opportunities Highlighted Gold ▪ Work by Transition in 2011 resulted in the discovery of a >1.5 km Annie’s Ladder long gold zone (Annie’s Ladder Zone) associated with a syenite RTDZ 1.63 g/t Au / 11.52m, 82.5 g/t over 0.4 m dyke swarm ▪ Trenching at 11 wide
Slide 5: Gold Mineralization
Gold Mineralization New Archean Syenite Associated Gold System Annie’s Ladder Zone ▪ Recent exploration work by Transition Metals, Battery Mineral Resources (BMR), and Canada Silver Cobalt Works (CCW) has highlighted the existence of a large and previously unrecognized Archean syenite associated gol
Slide 6: Annie's Ladder Zone
Annie’s Ladder Zone Geology and Key Structures • Archean volcanics and metasediments intruded by dyke swarms and smaller stocks of mafic syenite and lamprophyres • Evidence of syn and post emplacement gold alteration and mineralization ▪ Extensive quartz-sericite-ankerite alteration, with fuchsite &
Slide 7: Other Occurrences
Other Occurrences Gold in the Proterozoic? ▪ In 2021, a new Proterozoic hosted gold discovery was reported ~10 kilometres to the west on XTM property located in Milner Discovered in 2021 Township close to a shaft sunk to investigate a historical silver Native Gold – from sample Z926767. showing call
Slide 8: Silver and Cobalt Mineralization
Silver and Cobalt Mineralization In the Historic Gowganda Camp The Great Cobalt Silver Rush ▪ (1903-1911) led to the identification of large silver deposits in Cobalt, Gowganda and Elk Lake ▪ Production from the Gowganda Silver camp between 1906 and 1989 is estimated to be >70 million Oz Silver, 1.3
Slide 9: New Silver Discovery
New Silver Discovery Castle East – CCW Resource Trending Onto XTM Ground ▪ Drilling by CCW led to the discovery of the New Castle East Silver Zone discovered by CCW in 2020. Nipissing Lower Bonsall Castle Silver Gabbro ▪ Inferred Resource of 7.56 Moz at 7,149 g/t Silver disclosed by CCW in 2021 (Rac
Slide 10: New Gold Discovery
New Gold Discovery In Both Archean and Proterozoic Rocks Near Castle East It was also reported in the 43-101 CCW report (Rachidi, 2021) that: Nipissing Lower Bonsall Castle Silver Gabbro • An Archean hosted gold zone had been identified • Described as an over 200 metre zone exposed on surface by Hur
Slide 11: Robust New Data Sets
Robust New Data Sets Helping to Connect the Dots • More than 1,500 outcrop • Property wide LiDAR mapping stations coverage • >2,000 multi element • Numerous historical pits, geochem rock samples trenches and old silver • MMI and SGH surveys workings rediscovered. completed over target • Prominent ke
Slide 12: Highlight Links
Highlight Links Between Archean Structures, Gold & Proterozoic Silver ▪ Main East-West Corridor though camp interpreted to be an extension of the RTDZ. Annie’s Ladder ▪ Related fault structures include well developed NW 1.63 g/t Au / 11.52m, 7.56 Moz at 7,149 g/t striking shears that have similar or
Slide 13: Recap
Recap ▪ Since 2011 major gold discoveries have been made along the RTDZ highlighting the project area as being situated in one of the most exciting emerging gold regions in Canada ▪ IAMGold/Sumitomo’s Cote project now >13.5 Moz M&I Resources ▪ Aris Mining - Juby Deposits now has 0.8 Moz Indicated an
Slide 14: Forward-looking Statements
Forward-looking Statements Certain information contained in this presentation, includes information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", “upcoming” and similar expressions and statements relating to matters that are no
Slide 15: Mitigating Risk. Multiplying Opportunities.
Mitigating Risk. Scott McLean HBSc., P.Geo. Multiplying CEO & Co-founder smclean@transitionmetalscorp.com Opportunities. 9C – 1351 Kelly Lake Road Sudbury ON P3E 5P5 Telephone: 705-669-0590 Q2 2021 15