Transition Metals Corp. is pleased to announce that it intends to raise up to an aggregate of $300,000 by way of a non-brokered private placement financing consisting of up to 1,000,000 units at a price of $0.15 per Unit, for proceeds of up to $150,000 and up to 833,333 flow-through common shares at a price of $0.18 per FT Share, for proceeds of up to $150,000 . Each Unit will consist of one common share of the [...]
Transition Metals Corp. is pleased to report final assay results from the remaining 12 of 21 diamond drill holes completed on the Janice Lake property by option partners Rio Tinto Exploration Canada and Forum Energy Metals Corp.. Forum has reported the intersection of multiple, thick, flat lying chalcocite mineralized horizons at each of the Jansem and Janice target areas, confirming and extending copper mineralization at [...]
Transition Metals Corp. is pleased to announce assay results from channel sampling completed on veining exposed by new trenching on the Cryderman Gold property located near Shining Tree, Ontario. Samples of quartz vein returned up to 15.70 g/t Au over 0.5 metres along 100 metres of the newly-exposed Queen Elizabeth Vein with the best values being returned by channels at the south end of the trench . Importantly, sampling [...]
Transition Metals Corp. is pleased to report that encouraging assay results are continuing to be received from diamond drilling completed on the Janice Lake property by Rio Tinto Exploration Canada Inc. . To date, assay results from 9 of a total of 21 holes completed by RTEC have been reported for 2 of more than 20 target areas consisting of outcropping zones of copper-bearing mineralization highlighted by exploration [...]
Transition Metals Corp. is pleased to announce that it has acquired a 100% interest in the Fostung Property located near the town of Espanola approximately 70 kilometres southwest of Sudbury, Ontario. The property hosts an historic tungsten trioxide skarn resource that in 2007 was stated to contain an Inferred Mineral Resource of 12.4 million tonnes grading 0.213 wt. % WO31. The resource estimate completed on the Fostung [...]
Transition Metals Corp. is pleased to announce high grade channel sample assay results at its 100% owned Maude Lake Ni-Cu-Co-PGM property located near Schreiber, Ontario . The property covers a known high grade magmatic Ni-Cu-Co-PGM showing where historic grab samples collected by Novawest Resources Inc. in 2002 returned values of up to 6.23 % Ni and up to 2.48 % Cu1. The results presented in this release were collected [...]
Transition Metals Corp. is pleased to announce that that it has received positive assay results from hole JANL0005 drilled by Rio Tinto Canada Exploration on behalf of option partner Forum Energy Metals at a second location referred to as the Janice Lake target, located 2 km to the northeast of Jansem target holes JANL0001 and JANL0002. Hole JANL0005 intersected 13m of 0.95% Cu and 9.7g/t Ag within a broader 57.1m [...]
Transition Metals Corp. is pleased to announce that it has received positive assay results from the first two holes drilled by Rio Tinto Exploration Canada on behalf of option partner Forum Energy Metals Corp. at Janice Lake. Highlights from the first two holes are: JANL0002 - 0.38% Cu and 2.1g/t Ag over 44.78 metres from 45.22 m to 90 m, including 0.71% Cu and 4.2g/t Ag over 18 metres from 72 m to 90 m. JANL0001 - 0.18 [...]
Transition Metals Corp. is pleased to announce the commencement of a program of stripping and channel sampling on the Cryderman Gold property located near Shining Tree, Ontario. The property consists of mining leases covering a historical high-grade lode gold showing where grab samples collected by the Company in 2018 returned values from trace up to 34.5 g Au/t . The Company plans to open an approximately 100 m long [...]
Transition Metals Corp. is pleased to disclose the balance of assay results from a program of reverse circulation drilling completed this summer at its Highland Gold project in Cape Breton, Nova Scotia. The results are interpreted to confirm strike and dip extensions to mineralization identified at Zone 6A and indicate significant grades and thicknesses of gold at Zone 6B which is located approximately 250 metres [...]
Transition Metals Corp. announces that SPC Metals has entered into a non-binding Letter of Intent with Edison Cobalt Corp . Transition is an Insider of SPC holding 30% of the outstanding shares of SPC. Under the terms of the non-binding LOI, Edison shares will be consolidated on a 1 for 3.55 basis and SPC shareholders will receive 1.32 Edison consolidated shares for each SPC share held through a planned share exchange [...]
Transition Metals Corp. is pleased to announce that partner North American Palladium has vested for a 51% interest in the Sunday Lake Project by completing the Stage 1 Option Terms as described in the news release of June 21, 2017. Under the terms of the Option Agreement, NAP has the right to acquire all of Impala Platinum Holding Limited , 75% interest in the Project by providing staged cash payments of $3.5M and by [...]
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