Transition Metals Completes ZTEM Survey and Initiates Field Program at Pike Warden, Yukon
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 Corp. (TSXV: XTM) ha completato un sopralluogo ZTEM aereo di 650 chilometri lineari presso la sua proprietà Pike Warden nello Yukon. L'azienda ha incaricato Condor North Consulting ULC di interpretare i risultati, che verranno utilizzati per creare modelli di resistività e inversione magnetica 3-D del sottosuolo per dare priorità ai target prospettici.
Inoltre, Transition ha avviato un programma sul campo concentrato su quattro aree principali con potenziale per sistemi polimetallici economici:
- Zona ERT: mineralizzazione epithermale ad alta solfureazione di oro/argento
- Zone Copper North, Silver Train e Olympus: potenziali sistemi di porfido di rame
Il programma sul campo include mappatura geologica dettagliata e raccolta di campioni per aiutare a indirizzarsi verso i centri di mineralizzazione. Transition Metals mira a confermare e dare priorità ai target per un potenziale programma di perforazione in autunno.
Transition Metals Corp. (TSXV: XTM) ha completado un estudio ZTEM aéreo de 650 kilómetros lineales en su propiedad Pike Warden en Yukon. La empresa ha contratado a Condor North Consulting ULC para interpretar los resultados, que se utilizarán para crear modelos de resistividad y inversión magnética en 3-D del subsuelo para priorizar los objetivos prospectivos.
Además, Transition ha iniciado un programa de campo enfocado en cuatro áreas principales con potencial para sistemas polimetálicos económicos:
- Zona ERT: mineralización epiterma alta en sulfuros de oro/plata
- Las zonas Copper North, Silver Train y Olympus: potenciales sistemas de porfido de cobre
El programa de campo incluye mapeo geológico detallado y recolección de muestras para ayudar a orientar hacia los centros de mineralización. Transition Metals tiene como objetivo confirmar y priorizar objetivos para un posible programa de perforación en otoño.
Transition Metals Corp. (TSXV: XTM)은 유콘에 있는 Pike Warden 속성에서 650킬로미터 항공 ZTEM 조사를 완료했습니다. 회사는 결과를 해석하기 위해 Condor North Consulting ULC를 고용했으며, 이를 통해 잠재적 타겟을 우선순위 두기 위한 3-D 지하 저항과 자기 반전 모델을 생성할 예정입니다.
또한 Transition은 경제적 다금속 시스템의 잠재력이 있는 네 가지 주요 타겟 지역에 초점을 맞춘 현장 프로그램을 시작했습니다:
- ERT 구역: 고황화 에피열 광물화의 금/은
- Copper North, Silver Train 및 Olympus 구역: 잠재적 구리 포르프리 시스템
현장 프로그램에는 상세한 지질 조사와 샘플 수집이 포함되어 있으며, 이는 광물화 중심을 향한 벡터링에 도움을 줍니다. Transition Metals는 가을에 잠재적 시추 프로그램을 위한 타겟을 확인하고 우선순위를 매기는 것을 목표로 하고 있습니다.
Transition Metals Corp. (TSXV: XTM) a terminé une étude ZTEM par hélicoptère de 650 kilomètres sur sa propriété Pike Warden au Yukon. L'entreprise a engagé Condor North Consulting ULC pour interpréter les résultats, qui serviront à créer des modèles de résistivité et d'inversion magnétique en 3-D pour prioriser les cibles prospectives.
De plus, Transition a lancé un programme de terrain axé sur quatre zones cibles principales présentant un potentiel pour des systèmes polymétalliques économiques :
- Zone ERT : mineralisation épithermale à forte sulfuration en or/argent
- Zones Copper North, Silver Train et Olympus : systèmes potentiels de porphyre de cuivre
Le programme de terrain comprend une cartographie géologique détaillée et la collecte d'échantillons pour orienter vers les centres de minéralisation. Transition Metals vise à confirmer et à prioriser les cibles pour un programme de forage potentiel à l'automne.
Transition Metals Corp. (TSXV: XTM) hat eine 650 Kilometer lange luftgestützte ZTEM-Umfrage auf seinem Pike Warden Grundstück in Yukon abgeschlossen. Das Unternehmen hat Condor North Consulting ULC beauftragt, die Ergebnisse zu interpretieren, die zur Erstellung von 3-D-Modellen der Untergrundleitfähigkeit und magnetischen Inversion zur Priorisierung potenzieller Ziele verwendet werden sollen.
Darüber hinaus hat Transition ein Feldprogramm gestartet, das sich auf vier Hauptzielgebiete mit Potenzial für wirtschaftliche polymetallische Systeme konzentriert:
- ERT-Zone: Hochschwefelige epithermale Gold-/Silbermineralisierung
- Copper North, Silver Train und Olympus Zonen: Potenzielle Kupferporphyr-Systeme
Das Feldprogramm umfasst detaillierte geologische Kartierung und Probenahme, um bei der Zielverfolgung zu helfen. Transition Metals zielt darauf ab, Ziele für ein mögliches Bohrprogramm im Herbst zu bestätigen und zu priorisieren.
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- Preliminary helicopter airborne AFMAG and magnetics survey highlights large features which appear to be coincident with both collapse structures and known zones hosting copper mineralization at surface.
- Field crews mobilized for detailed mapping program and to ground truth target areas in preparation for drilling.
Sudbury, Ontario--(Newsfile Corp. - July 22, 2024) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company") reports that Geotech Ltd. has completed the approximate 650-line kilometre (km) helicopter borne, Z-Axis Tipper Electromagnetic system (ZTEM™) survey flown over Pike Warden ("the Property")(see news release dated June 11, 2024). Transition has engaged Condor North Consulting ULC ("Condor"), recognized experts in the field of geophysical data processing and interpretation. Condor's services have been retained to perform a detailed interpretation of the results and their final report regarding the significance of the survey is pending. The audio-frequency magnetic (AFMAG) data from this survey will be used to create 3-D subsurface resistivity as well as complimentary magnetic inversion models to characterize the extent of and prioritize prospective targets on the Property.
In addition, the Company is pleased to announce that it has initiated a program of boots-on-the-ground field work at Pike Warden. Work to date has highlighted four primary target areas the Company believes hold potential to host economic polymetallic systems (Figure 1). The ERT Zone, highlighted in yellow, hosts high sulphidation epithermal style gold/silver mineralization associated with an over two-kilometre-long trend of elevated silver-in-soil and silver-in-rock geochemical anomalies. The three areas highlighted in red, consisting of Copper North, Silver Train, and Olympus target zones, all show potential to host copper porphyry systems. Within these target zones, recent trace element geochemical and petrographic studies have highlighted the prospectivity for porphyry style copper-molybdenum mineralization (see news release dated May 29, 2024).
The field program will include detailed geological mapping, particularly around the potential porphyry target centres, with a focus on fracture density, vein styles, dike types, alteration abundance and intensity. This will result in a more representative collection of altered, unaltered, and mineralized samples for analysis to assist vectoring on a system scale into centres of mineralization.
Scott McLean, P.Geo., CEO of Transition Metals, commented, "We continue to be encouraged by what we are seeing at Pike Warden. It is hoped that work completed this summer will help confirm and prioritize targets in preparation for a program of drilling this fall."
Figure 1: Pike Warden 2024 Target Areas Focus
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/217280_transition_figure1_550.jpg
About the Pike Warden Property
The Pike Warden property (Figure 1) is located in the traditional territory of Carcross/Tagish First Nation and is situated on the northern rim of the Bennett Lake Caldera Complex, one of the largest extinct volcanic centers in Canada.
The property is located approximately 65 kilometres southwest of Whitehorse, Yukon, and is composed of 203 contiguous mining claims totaling approximately 41 km². The property encompasses a combination of historic and recently discovered high-grade polymetallic gold, copper, and silver epithermal showings that are indicative of a large epithermal-porphyry system in the vicinity of the Bennett Lake Volcanic Complex. In June 2022, Transition entered into an option agreement to acquire a
Qualified Person
The technical elements of this press release have been approved by Mr. Benjamin Williams, P.Geo. (PGO), who is a Qualified Person as defined under National Instrument 43-101.
About Transition Metals Corp.
Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution. Further information is available at www.transitionmetalscorp.com or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217280
FAQ
What type of survey did Transition Metals (TNTMF) complete at Pike Warden in July 2024?
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What is the potential of the ERT Zone at Transition Metals' (TNTMF) Pike Warden property?
What is the focus of Transition Metals' (TNTMF) field program at Pike Warden in 2024?
When does Transition Metals (TNTMF) plan to potentially start drilling at Pike Warden?
