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Transition Metals looks ahead to summer 2022 exploration at three of its Ontario properties

Published: 09:57 19 Jul 2022 EDT

construction workers looking at exploration drill
Technical field crews are preparing for drilling at the Maude Lake and Aylmer projects this summer

Transition Metals Corp (TSX-V:XTM) is expecting a busy summer as the company prepares to advance three of its projects in Ontario.

The company said crews have been deployed in late May to the Maude Lake nickel-copper project and in June, to the Jolly Gold project, while at the Aylmer copper-gold property, workers are preparing to be mobilized.

Transition president and CEO Scott McLean said he is pleased with the progress being made by the technical field crews in preparation for drilling at the Maude Lake and Aylmer projects this summer.

READ: Transition Metals reveals strong PGM mineralization in Big Red anomaly at Sunday

“As results come in, we anticipate a steady flow of news as we head into the fall,” McLean said in a statement.

At Maude Lake in northwestern Ontario, work continues to highlight the “very encouraging” potential for the property to host high tenor nickel-copper-cobalt-platinum group metals (Ni-Cu-Co-PGM) mineralization, according to Transition.

Initial channel sampling by the company in 2019 of limited bedrock exposure in the vicinity of the historical Nicopar showing returned values including 2.09% nickel (Ni), 0.64% copper (Cu) and 0.32 grams per ton (g/t) PGM (platinum, palladium and gold) over 4 metres (m), 2.11% Ni, 1.30% Cu and 0.45 g/t PGM over 1.4m and 1.15% Ni, 0.93% Cu and 0.49 g/t PGM over 2m. The company plans to drill a total of 1,000 metres to test the mineralization at the project.

At Jolly Gold, where Transition returned 146 g/t gold (Au) over 0.40m and 24.4 g/t Au over 0.61m, the company is expecting field work results later this summer.

The 4,560-hectare property covers what Transition interprets to be the western extension of the Beardmore-Geraldton greenstone belt (BGGB) that has produced approximately 4.1 million ounces of gold. The property hosts similar geology to the BGCB, as well as significant high-grade gold showings.

At the Aylmer copper gold project near Sudbury, the company is in the midst of mobilizing a drill to commence a 1,500-metre drill program to test the conductive features associated with the mineralization.

Earlier in 2022, Transition was approved for the Ontario Junior Exploration Program funding, in which the Ontario Government will refund 50% of the exploration cost at Aylmer to a maximum of $200,000.

Sudbury-based Transition Metals is a multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries.

Contact Susie at susie@proactiveinvestors.com

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