Transition Metals Corp. is pleased to announce that it intends to raise up to $200,000 by way of a non-brokered private placement financing consisting of up to 1,739,130 Flow Through common shares at a price of $0.115 per share. A finder's fee may be paid in connection with the placement to finders, including affiliates of Gravitas Securities Inc., as determined by mutual agreement between the Corporation and the finders [...]
Transition Metals Corp. has initiated a program of reverse air blast drilling in Cape Breton, Nova Scotia. RAB drilling produces a mixture of crushed rock powder and chips when the ground being drilled is extensively weathered and broken. Transition is testing exploration targets highlighted from mapping, sampling and airborne geophysical surveys completed this fall. Results from the airborne survey show a number of [...]
SPC Metals and Transition Metals Corp. are pleased to provide a corporate update and to announce assay results from fall drilling at the company's Aer-Kidd Project, near Sudbury Ontario. SPC is a division of Sudbury Platinum Corporation, a private company in which by Transition Metals has a 28% ownership. The Company has completed the drilling of two holes totaling 1,265 m to test an electromagnetic anomaly detected 350m [...]
Transition Metals Corp. is pleased to announce that Forum Energy Metals has completed a four-hole, 447m diamond drill program on the Janice Lake Sedimentary Copper Project located in northern Saskatchewan's Wollaston Copperbelt. All four holes encountered copper mineralization within 80m of surface with Hole FEM-01 intersecting 19m grading 1.0% Copper, including 5.7m of 2.18% Copper within a 50.5m interval grading 0.45 [...]
Transition Metals Corp. is pleased to announce it has begun to conduct a high resolution airborne geophysical survey over its Highland Gold property located in the Cape Breton Highlands of Nova Scotia. The survey, to be completed by Terraquest Ltd., will collect low level, fixed wing high resolution horizontal magnetic gradient and very low frequency conductance data flown at lines spaced 50 metres apart covering most of [...]
Transition Metals Corp. is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the >45 square kilometre Highland Gold property located in the Cape Breton Highlands of Nova Scotia. The property covers an extensive cluster of high grade gold occurrences that have seen very limited exploration. CEO Scott McLean commented, "We think the potential for the area to host large deposits [...]
Transition Metals Corp. is pleased to provide assays results from preliminary prospecting completed on the company's Revell and Island Copper Projects located in northwestern Ontario. Both the Revell and Island Copper properties were acquired by XTM in April of 2018 as part of a much larger staking program designed at acquiring low-cost exploration assets consistent with the company's Project Generator Business Model [...]
Transition Metals Corp. is pleased to announce that the Company has signed a binding Letter of Intent with VaniCom Limited of Perth, Western Australia for the sale of a 100% interest in the Dundonald Nickel Project located near Iroquois Falls, Ontario . The purchase terms include a payment of CDN$50,000 by VaniCom to the Company on signing the Binding Letter of Intent with a further payment of CDN$100,000 to the Company [...]
Transition Metals Corp. is pleased to report that recent sampling of the waste rocks at the Big Four showing returned up to 3.04% Co and 31.6 g/t Ag from grab sampling of cobaltite-rich material. The Big Four showing is located within the historic Gowganda silver-cobalt camp approximately 2.0 km southwest of Castle Silver Resources Inc. past producing Castle Mine. The Gowganda Gold project was recently returned to the [...]
Transition Metals Corp. is pleased to report Forum Energy Metals Corp. has prioritized exploration and commenced a diamond drill program at the Janice Lake Sedimentary Copper Project. Forum can earn a 100% interest under option from Transition Commenting on the news, Company CEO and President Scott McLean stated "Janice Lake is an exciting project particularly since the age and depositional environment at Janice Lake are [...]
SUDBURY, ON, June 27, 2018 /CNW/ - Canadian Gold Miner and Transition Metals Corp. are pleased to provide an update regarding Company activities. Company CEO Greg Collins commented, "Canadian Gold Miner has made real considerable progress consolidating the 230 square kilometres that it holds in the prolific Abitibi greenstone belt and refining targets in preparation for an aggressive program of drilling that we would like [...]
SUDBURY, ON, June 25, 2018 /CNW/ - Sudbury Platinum Corporation , a private corporation 30% owned by Transition Metals Corp. , announces that it has closed a non?brokered private placement financing of $1,910,714. The financing consisted of 2,258,320 units of the Corporation at a price of $0.20 per Unit, for gross proceeds of $451,664 and 7,100,000 Flow Through Shares at a price of $0.2055 per share for gross proceeds of [...]
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