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17 November 2020
Posted in Press Release, Wollaston Copper, 2020
Sudbury, November 17, 2020 – Transition Metals Corp (XTM – TSX.V) (“Transition”, “XTM”, the “Company”) is pleased to report results from grab samples collected over its 100% owned, 150 square kilometre Wollaston Copper Project located approximately 60 kilometres southwest of the Rio Tinto Exploration Canada (RTEC) and Forum Energy Metal’s (Forum) Janice Lake project (Figure 1) in north central Saskatchewan. Drilling by Noranda in 1994 in the Flag Lake target area near Fannon Lake returned grades and thicknesses of copper mineralization similar to that being intersected by RTEC at Janice, including 0.48% Cu over 8.6 metres¹.
¹ Government of Saskatchewan Mineral Deposit Index Details: Mineral Property 0949B.
Sampling of several historic bedrock copper (Cu) and zinc (Zn) occurrences on the property resulted in peak Cu and Zn values of (Table 1):
Transition CEO and President Scott McLean, P.Geo. stated “This completed programme successfully located and sampled the first 4 of 9 known historical occurrences returning Cu values comparable to those being reported by Forum Energy Metals and Rio Tinto 60 kilometres to the northeast at Janice Lake. The presence of copper mineralization, in this underexplored part of what we consider to be an emerging sedimentary-hosted copper district, is very encouraging.”
Prospecting and Sampling Highlights
The objective of this work was to locate and verify several historical Cu and Zn occurrences (Figure 2). The location of historical occurrences was based on georeferencing of historical maps with analytical results difficult to verify. Table 1 presents a listing of highlight assays from a total of 27 rock grab samples returning Cu values ranging from 0.0002% to 0.47% Cu. In total only 4 of 9 known showings was sampled. Additional exploration is required to locate other showing areas on the property and to more fully understand the true extent of the mineralized horizons, and their placement within the metasedimentary sequence.
Next Steps
As reported in the press release of September 1, 2020, the Company completed a helicopter-supported, tree-top, bio-geochemical survey over the property that collected more than 650 bio-geochemical samples on 500 metre spaced reconnaissance lines. The survey was designed to delineate broad geochemical anomalies, and help vector towards anomalous zones by sampling the uppermost lateral branches of spruce and pine trees, the most dominant species within the property boundaries. More detailed sampling was completed around the historical occurrences. Results of this survey are pending.
Table 1. Grab sample highlights of the 2020 Wollaston Cu Project exploration programme.
Showing | Sampled Feature | Easting | Northing | Cu (%) | Zn (%) |
Fannon Lake | Trench | 475912 | 6246539 | 0.47 | <0.01 |
Flag Lake | Trench 1 | 476534 | 6247964 | 0.43 | <0.01 |
Flag Lake | Trench 3 | 476500 | 6247842 | 0.32 | <0.01 |
Flag Lake | Trench 1 | 476534 | 6247964 | 0.31 | <0.01 |
Flag Lake | Trench 1 | 476519 | 6247959 | 0.21 | <0.01 |
Flag Lake | Trench 1 | 476515 | 6247956 | 0.17 | <0.01 |
Flag Lake | Trench 1 | 476518 | 6247957 | 0.16 | <0.01 |
Tosi | Trench | 455251 | 6228580 | 0.44 | <0.01 |
Tosi | Outcrop | 455249 | 6228583 | 0.37 | <0.01 |
Tosi | Trench | 455251 | 6228580 | 0.36 | <0.01 |
Tosi | Trench | 455251 | 6228580 | 0.28 | <0.01 |
Fable Lake | Trench | 452428 | 6226823 | <0.01 | 0.93 |
Further information is available at www.transitionmetalscorp.com or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777
Figure 1. Location of the Wollaston Copper and Janice Lake Projects.
Figure 2. Approximate Transition grab sample locations and historical results.