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Transition Metals Corp (TNTMF) is a Canadian-based multi-commodity explorer with a focus on discovering mineralization in unconventional places. The company's team of geoscientists actively tests new ideas and partners with joint venture companies to minimize shareholder equity dilution. With projects like Pike Warden and Maude Lake showing high potential, Transition Metals Corp is dedicated to advancing its exploration efforts and business development program to drive growth and success.
Transition Metals Corp. (TSXV: XTM) has provided an update on exploration work at its Pike Warden project in Yukon. Key highlights include:
- A ZTEM™ survey revealed a large conductivity anomaly at Copper Junction, coinciding with prospective alteration and copper mineralization
- Four new polymetallic showings discovered, with samples returning up to 1.04 g/t Au, 3.63% Cu, 1.37% Mo, 2.6% Zn, and 0.12% W
- 92% of collected samples contained elevated pathfinder elements, with 47% showing anomalous concentrations of key metals
- The Copper Junction area shows potential for a large-scale copper porphyry system
- The company is refining its geological model and preparing for potential drill testing
Transition Metals Corp. (TSXV: XTM) has completed a 650-line kilometre helicopter-borne ZTEM survey at its Pike Warden property in Yukon. The company has engaged Condor North Consulting ULC to interpret the results, which will be used to create 3-D subsurface resistivity and magnetic inversion models to prioritize prospective targets.
Additionally, Transition has initiated a field program focusing on four primary target areas with potential for economic polymetallic systems:
- ERT Zone: High sulphidation epithermal gold/silver mineralization
- Copper North, Silver Train, and Olympus zones: Potential copper porphyry systems
The field program includes detailed geological mapping and sample collection to assist in vectoring towards mineralization centers. Transition Metals aims to confirm and prioritize targets for a potential drilling program in the fall.
Transition Metals has initiated a Z-Axis Tipper Electromagnetic (ZTEM) survey over its Pike Warden property in Yukon. This 650-line kilometer helicopter-borne survey, conducted by Geotech, uses deeply penetrating electromagnetic signatures to model geophysical properties. The data will help create 3D resistivity and magnetic inversion models, aiding the identification and prioritization of prospective targets. COO Greg Collins emphasized that the project has progressed significantly, showing strong indications of porphyry Cu-Au and epithermal mineralization. Preliminary data will be available shortly after the survey's completion, with final results expected within eight weeks, aiding further sampling and mapping activities.
Transition Metals announced promising results from its ongoing geological studies at the Pike Warden project in Yukon. Petrographic and geochemical analyses have confirmed the potential for porphyry-style copper-molybdenum mineralization. Key findings include high-temperature potassic alteration associated with higher-grade copper and significant trace element geochemistry supporting the presence of robust epithermal and porphyry-style alterations.
Additionally, the company received approval for up to $50,000 in grant funding from the Yukon Mineral Exploration Program for 2024-2025. Upcoming exploration plans include a Z-Axis Tipper Electromagnetic (ZTEM) survey to identify prospective drill targets, with field activities commencing in July.
Transition Metals Corp has appointed Ashley Kirwan to its Board of Directors, effective April 29, 2024. This addition increases the board to six directors, five of whom are independent. Kirwan, a professional geologist with over 15 years of experience, co-founded Orix Geoscience and holds several directorships. She has received multiple industry awards, including the Top 40 Under 40 by the Sudbury Chamber of Commerce, YWCA Women of Distinction Award, and The Eira Thomas Young Mining Professional award. Additionally, Transition Metals issued 2,090,000 stock options, 350,000 RSUs, and 1,700,000 DSUs to its directors, officers, and employees. The stock options can be converted at $0.06 per share for five years, RSUs vest in three years, and DSUs vest upon the holder's loss of office.
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