Transition Metals Corp. Announces up to $300,000 Private Placement
Sudbury, Ontario--(Newsfile Corp. - December 9, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") 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 (the "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 (the "FT Shares") at a price of $0.18 per FT Share, for...
2019-12-09 6:30 AM EST
Transition Reports Drill Intersections Including 1.09% Cu over 9.1 Metres and 1.32% Cu over 5 Metres Within 51.8 Metres Grading 0.57% Cu at Janice Lake
Sudbury, Ontario--(Newsfile Corp. - December 3, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") 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 ("RTEC") and Forum Energy Metals Corp ("Forum"). Forum has reported the intersection of multiple, thick, flat lying chalcocite mineralized horizons at each of the Jansem and Janice target areas,...
2019-12-03 2:21 PM EST
Transition Reports up to 15.7 g/t Au over 0.5 m at Cryderman Au Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - November 27, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") 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...
2019-11-27 9:10 AM EST
Transition Updates Drilling Completed by Rio Tinto Canada at Janice Lake Including 18.0 m grading 0.71% Copper and 4.2 g/t Silver
Sudbury, Ontario--(Newsfile Corp. - November 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") 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. ("RTEC"). 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...
2019-11-19 9:46 AM EST
Transition Metals Acquires the Historic Fostung Tungsten Skarn Resource
Sudbury, Ontario--(Newsfile Corp. - November 14, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") 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 (WO3) skarn resource that in 2007 was stated to contain an Inferred Mineral Resource of 12.4 million tonnes (Mt) grading 0.213 wt. % WO31.The...
2019-11-14 9:08 AM EST
Transition Reports High Grade Channel Sample Results at the Maude Lake Nickel Property, Ontario, Including 4.0 Metres Grading 2.09 % Ni and 0.64 % Cu
Sudbury, Ontario--(Newsfile Corp. - October 15, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") 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 (Figure 1). 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...
2019-10-15 9:10 AM EDT
Transition Metals Reports Multiple Mineralized Zones from Janice Lake Copper/Silver Project, Including 0.95% Copper and 9.7 g/t Silver Over 13 Metres
Sudbury, Ontario--(Newsfile Corp. - October 9, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that that it has received positive assay results from hole JANL0005 drilled by Rio Tinto Canada Exploration ("RTEC") 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 (see news release dated October 1, 2019). Hole...
2019-10-09 4:54 PM EDT
Transition Metals Reports 0.71% Copper and 4.2 g/t Silver Intersected Over 18 Metres from Drilling at Janice Lake
Sudbury, Ontario--(Newsfile Corp. - October 1, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has received positive assay results from the first two holes drilled by Rio Tinto Exploration Canada ("RTEC") on behalf of option partner Forum Energy Metals Corp. ("Forum") 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...
2019-10-01 11:08 AM EDT
Transition Commences Work at Cryderman Au Property, Ontario
Sudbury, Ontario--(Newsfile Corp. - September 23, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") 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 (see Transition Metals News...
2019-09-23 10:43 AM EDT
Transition Metals Intersects 9.0 Metres Averaging 6.14 g/t Gold Confirming New Zones of Mineralization at Highland
Sudbury, Ontario--(Newsfile Corp. - September 18, 2019) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") is pleased to disclose the balance of assay results from a program of reverse circulation (RC) 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...
2019-09-18 9:51 AM EDT
Transition Metals Announces SPC Metals has Entered into a Letter of Intent for a Proposed Reverse Take-Over of Edison Cobalt Corp
Sudbury, Ontario--(Newsfile Corp. - September 9, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition") announces that SPC Metals (Sudbury Platinum Corporation) has entered into a non-binding Letter of Intent ("LOI") with Edison Cobalt Corp (TSXV: EDDY) (Edison). 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...
2019-09-09 2:39 PM EDT
Transition Metals Corp Announces That North American Palladium Has Vested for a 51% Interest in Transition's Sunday Lake PGM Project
Sudbury, Ontario--(Newsfile Corp. - August 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that partner North American Palladium ("NAP") has vested for a 51% interest in the Sunday Lake Project (the "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 ("Implats"), 75% interest in...
2019-08-19 9:07 AM EDT
Transition Metals Announces Rio Tinto Commences 7,000 Metre Drill Program at Janice Lake Copper Project, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - July 30, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that Rio Tinto Exploration Canada ("Rio Tinto" or "RTEC") and Forum Energy Metals ("Forum") have commenced a 7,000 metre diamond drill program on the Janice Lake copper project. The program is helicopter supported and will utilize two drill rigs to complete approximately 20 to 30 holes. Drilling will initially concentrate on the areas of known copper...
2019-07-30 9:44 AM EDT
Transition Metals Announces Rio Tinto Exploration Canada Commencing Airborne Geophysical Survey on Janice Lake Copper Project, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - July 17, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that Rio Tinto Exploration Canada (RTEC) has initiated an airborne magnetic survey over the Janice Lake sedimentary copper project, prior to mobilizing two drills for a 7,000 metre drill program starting in late July. RTEC is planning to spend approximately $3 million dollars (CDN) on the project this year as part of a seven year, $30 million option to...
2019-07-17 11:31 AM EDT
4.0 Metres Grading 16.15 Grams per Tonne Gold Returned from Initial Assay Results from New Drilling at Transition Metals Highland Gold Project
Sudbury, Ontario--(Newsfile Corp. - July 15, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce initial assay results from a program of reverse circulation (RC) drilling initiated this spring at the Highland Gold project in Cape Breton, Nova Scotia. Of note, hole 19-TMC-RC-01 returned an interval averaging 16.15 grams per tonne (g/t) gold over 4 meters within an interval where composite sampling returned 8.0 metres grading 5.90 g/t gold (g/t Au)....
2019-07-15 9:26 AM EDT
Transition Metals: A $3,000,000 Exploration Program to Be Initiated by Rio Tinto at Janice Lake in the Emerging Wollaston Copper District
Sudbury, Ontario--(Newsfile Corp. - June 19, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that operator Rio Tinto Exploration Canada Inc. ("RTEC") will commence its committed, $3,000,000 exploration program at the Janice Lake sedimentary hosted copper project. The initial program will consist of an airborne geophysical survey followed by drilling. Transition has optioned the property to Forum Energy Metals (see news release of February 6,...
2019-06-19 10:22 AM EDT
Transition Metals to Present at the 2019 John Tumazos Very Independent Research
Sudbury, Ontario--(Newsfile Corp. - June 18, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that management will be attending and presenting at the upcoming John Tumazos Very Independent Research Metals Conference in Holmdel, New Jersey, as well as meeting with investors throughout the conference which will be held on June 19-20. The conference will take place at 20 Hillcrest Road, Holmdel, New Jersey 07733. Scott McLean, President & Chief...
2019-06-18 8:33 AM EDT
Transition Resumes Drilling at Highland Gold Property in Nova Scotia
Sudbury, Ontario--(Newsfile Corp. - June 5, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has resumed exploration drilling at its Highland Gold project in Cape Breton, Nova Scotia. In January of this year, the Company reported a 9.14 metre intersection grading 23.22 grams per tonne gold (g/t Au) from a program of percussion Rotary Air Blast (RAB) drilling (see Transition news release dated January 14, 2019). In the fall of 2018, the...
2019-06-05 9:10 AM EDT
Transition Metals Stakes New Sediment-Hosted Copper Property on the Bonavista Peninsula in Eastern Newfoundland
Sudbury, Ontario--(Newsfile Corp. - May 28, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has staked a new copper property know as the Duntara Copper Property covering 2,440 ha along the northwestern tip of the Bonavista Peninsula in Eastern Newfoundland (Figure 1). The new claims were staked to cover a series of known copper showings including the Blue Point Prospect where Noranda Inc. in 2001 drilled 1.98 % Cu and 23.10 g/t...
2019-05-28 11:13 AM EDT
Transition Metals Stakes New Properties in the Emerging Wollaston Basin Copper Belt, Saskatchewan
Sudbury, Ontario--(Newsfile Corp. - May 22, 2019) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has staked two new properties, collectively covering 15,144 ha in the Wollaston Basin Copper Belt, northern Saskatchewan. The Fannon and Tosi properties are located approximately 100 kilometres south of Key Lake (see Fig 1), and about 30 and 85 kilometres, respectively, southwest along trend with the company's Janice Lake Property that is...
2019-05-22 8:55 AM EDT