Janice Lake

Sedimentary-hosted Copper in Northern Saskatchewan.

PROJECT SUMMARY

  • Canada’s best exploration stage sediment hosted copper project

  • Widespread copper mineralization (mainly chalcocite) exposed in bedrock over 10 x 25 km region with drill intercepts including 0.77% Cu over 33.0 m including 1.6% Cu over 6 m, within 35 m of surface

  • Project optioned to Forum Energy Metals Corp in 2018 who may earn a 100% interest by providing Transition with staged cash payments over 4 years totaling $250,000, issuing Transition 8,000,000 Forum common shares and completing $250,000 of work expenditures on the property subject to a 2.0% Net Smelter Return royalty and certain future milestone payments top Transition.  Drilling by Forum in 2018 intersected 19m grading 1.0% copper, including 5.7m of 2.18% copper within a 50.5m interval grading 0.45% copper. 

Cu

 
Optioned to Forum Energy Metals​

 

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