Slide 1: Lewisporte, north-central NL Gold Opportunity
Lewisporte, north-central NL Gold Opportunity Q1-2019
Slide 2: Overview
Lewisporte Overview Grassroots Gold Property north-central Newfoundland – NTS 02E06 located between Lewisporte and Stanhope Lewisporte accessed via route 341 or 342 licence 02121M - 37 units - ~925 ha owned 100% by Transition Metals Corp. XTM – TSX.V transitionmetalscorp.com 2 2
Slide 3: Regional Geology
Lewisporte Regional Geology Underlain by the Dunnage Mélange bounded to the south by the Badger and Botwood groups intruded Thwart Island Gabbro sills Dunnage Mélange – chaotic-disrupted shale matrix containing dismembered blocks of mafic volcanic rocks, sedimentary materials (mostly greywackes), an
Slide 4: Historical
Lewisporte Historical Cornerstone Capital Resources Inc. 2004 – prospecting, and rock and soil sampling over a regional property 2005 – 255 soil samples in the northeast and northwest portions of the grid - 16 returned >5 ppb Au with a high of 3,203 ppb Au - 54 rock samples 14 samples >1,000 ppb Au
Slide 5: Property Geology
Lewisporte Property Geology Trenches exposed gabbro, mafic dykes, felsic intrusives and quartz porphyry intruding sediments - minor quartz veining - gabbro - fractured, locally pervasively silicified, disseminated to fracture-fill pyrite and patchy to fracture-fill massive arsenopyrite - area betwee
Slide 6: 2018 Sampling
Lewisporte 2018 Sampling 2018 - 20 grab samples 5 samples - the Crooked Line trench - sheared gabbro with quartz veins and massive arsenopyrite in fractures L060795 : 3.76 g/t Au L060798 : 4.72 g/t Au 3 samples - the 13.2 g/t Au grab trench - sheared / strongly silicified gabbro with 5-10% dissemina
Slide 7: Next steps
Lewisporte Next steps To better understand the controls on the gold mineralization - structural mapping - lithogeochem sampling - characterize lithologies (is the 3.9 g/t Au trench hosted in felsic intrusive rather than gabbro?) - extend mapping between SE and NW - examine the NW portion of the prop
Slide 8: transitionmetalscorp.com
transitionmetalscorp.com #5 - 410 Falconbridge Road Sudbury ON P3A 4S4 Telephone: 705-669-1777 smclean@transitionmetalscorp.com