Transition Metals Reports 14m of Ni-Cu-PGM Mineralization Intersected at Saturday Night Project, Ontario
Transition Metals Corp (TSXV: XTM) has reported significant drilling results from its Saturday Night Project near Thunder Bay, Ontario. The key highlight comes from hole SN-25-02, which intersected 14.00m grading 1.04 g/t PGEs (Au + Pt + Pd) with 0.19% Cu, including a higher-grade interval of 1.86m grading 2.55 g/t PGEs with 0.46% Cu.
The drilling program consisted of two holes totaling 1,417 metres, targeting the basal contact of the mineralized Saturday Night layered intrusion. Hole SN-25-02 was drilled as a 200m step-out from the previous discovery hole SN-16-01. A second hole, SN-25-03, was drilled 400m south and intersected a thicker sequence of rift-related intrusion, with results pending.
The geology, mineralization style, and geophysical characteristics are reportedly comparable to the Sunday Lake and Thunder Bay North deposits along the same trend, suggesting potential for a sizable mineralized system.
Transition Metals Corp (TSXV: XTM) ha riportato risultati significativi di perforazione dal suo progetto Saturday Night vicino a Thunder Bay, Ontario. Il punto saliente proviene dal foro SN-25-02, che ha intersecato 14,00 m con un grado di 1,04 g/t PGE (Au + Pt + Pd) con 0,19% Cu, inclusa un'intervallo di grado più elevato di 1,86 m con un grado di 2,55 g/t PGE e 0,46% Cu.
Il programma di perforazione consisteva in due fori per un totale di 1.417 metri, mirati al contatto basale dell'intrusione stratificata mineralizzata Saturday Night. Il foro SN-25-02 è stato perforato a 200 m dal precedente foro di scoperta SN-16-01. Un secondo foro, SN-25-03, è stato perforato 400 m a sud e ha intersecato una sequenza più spessa di intrusione correlata a rift, con risultati in attesa.
La geologia, lo stile di mineralizzazione e le caratteristiche geofisiche sono riportati come comparabili ai depositi di Sunday Lake e Thunder Bay North lungo lo stesso trend, suggerendo il potenziale per un sistema mineralizzato di grande dimensione.
Transition Metals Corp (TSXV: XTM) ha reportado resultados de perforación significativos de su proyecto Saturday Night cerca de Thunder Bay, Ontario. El aspecto más destacado proviene del agujero SN-25-02, que intersectó 14,00 m con una ley de 1,04 g/t PGE (Au + Pt + Pd) con 0,19% Cu, incluyendo un intervalo de mayor grado de 1,86 m con una ley de 2,55 g/t PGE y 0,46% Cu.
El programa de perforación consistió en dos agujeros que totalizaron 1.417 metros, apuntando al contacto basal de la intrusión estratificada mineralizada Saturday Night. El agujero SN-25-02 se perforó a 200 m del agujero de descubrimiento anterior SN-16-01. Un segundo agujero, SN-25-03, se perforó 400 m al sur e intersectó una secuencia más gruesa de intrusión relacionada con rift, con resultados pendientes.
La geología, el estilo de mineralización y las características geofísicas son supuestamente comparables a los depósitos de Sunday Lake y Thunder Bay North a lo largo de la misma tendencia, sugiriendo el potencial para un sistema mineralizado considerable.
Transition Metals Corp (TSXV: XTM)은 온타리오주 썬더베이 근처의 Saturday Night 프로젝트에서 중요한 시추 결과를 보고했습니다. 주요 하이라이트는 SN-25-02 구멍에서 나왔으며, 이 구멍은 14.00m에서 1.04 g/t PGEs (Au + Pt + Pd)와 0.19% Cu를 포함하여, 1.86m 구간에서 2.55 g/t PGEs와 0.46% Cu를 기록했습니다.
시추 프로그램은 1,417미터에 달하는 두 개의 구멍으로 구성되어 있으며, Saturday Night 층상 침입체의 기저 접촉을 목표로 했습니다. SN-25-02 구멍은 이전 발견 구멍인 SN-16-01에서 200m 떨어진 곳에서 시추되었습니다. 두 번째 구멍인 SN-25-03은 남쪽으로 400m 떨어진 곳에서 시추되었으며, 결과는 대기 중입니다.
지질학, 광물화 스타일 및 지구물리적 특성은 동일한 경향을 따라 있는 Sunday Lake 및 Thunder Bay North 매장지와 비교할 수 있는 것으로 보고되었으며, 상당한 광물화 시스템의 잠재력을 시사합니다.
Transition Metals Corp (TSXV: XTM) a signalé des résultats de forage significatifs de son projet Saturday Night près de Thunder Bay, Ontario. Le point culminant provient du trou SN-25-02, qui a intercepté 14,00 m avec une teneur de 1,04 g/t PGE (Au + Pt + Pd) avec 0,19 % Cu, y compris un intervalle de qualité supérieure de 1,86 m avec une teneur de 2,55 g/t PGE et 0,46 % Cu.
Le programme de forage se composait de deux trous totalisant 1 417 mètres, ciblant le contact basal de l'intrusion stratifiée minéralisée Saturday Night. Le trou SN-25-02 a été foré à 200 m du trou de découverte précédent SN-16-01. Un deuxième trou, SN-25-03, a été foré 400 m au sud et a intercepté une séquence plus épaisse d'intrusion liée à un rift, avec des résultats en attente.
La géologie, le style de minéralisation et les caractéristiques géophysiques sont apparemment comparables aux dépôts de Sunday Lake et Thunder Bay North le long de la même tendance, suggérant un potentiel pour un système minéralisé de grande taille.
Transition Metals Corp (TSXV: XTM) hat signifikante Bohrergebnisse von seinem Saturday Night Projekt in der Nähe von Thunder Bay, Ontario, gemeldet. Das Hauptaugenmerk liegt auf dem Bohrloch SN-25-02, das 14,00 m mit 1,04 g/t PGEs (Au + Pt + Pd) und 0,19% Cu, einschließlich eines höhergradigen Intervalls von 1,86 m mit 2,55 g/t PGEs und 0,46% Cu, durchteufte.
Das Bohrprogramm bestand aus zwei Löchern mit einer Gesamtlänge von 1.417 Metern, die auf den basalen Kontakt der mineralisierten Saturday Night Schichtintrusion abzielten. Das Bohrloch SN-25-02 wurde 200 m vom vorherigen Entdeckungsloch SN-16-01 abgeteuft. Ein zweites Loch, SN-25-03, wurde 400 m südlich abgeteuft und durchteufte eine dickere Sequenz von riftbezogener Intrusion, wobei die Ergebnisse noch ausstehen.
Die Geologie, der Mineralisierungsstil und die geophysikalischen Eigenschaften sind Berichten zufolge mit den Lagerstätten von Sunday Lake und Thunder Bay North entlang desselben Trends vergleichbar, was auf das Potenzial eines beträchtlichen mineralisierten Systems hinweist.
- Significant mineralization: 14m @ 1.04 g/t PGEs with 0.19% Cu
- High-grade interval: 1.86m @ 2.55 g/t PGEs with 0.46% Cu
- 100% ownership of the project
- Geological similarities to established deposits nearby
- Results from second hole (SN-25-03) still pending
- Early-stage exploration project with no resource definition yet
- Hole SN-25-02 intersected 14.00m grading 1.04 g/t PGEs (Au + Pt + Pd) with
0.19% Cu, including a higher-grade interval of 1.86m grading 2.55 g/t PGEs with0.46% Cu. - Drilling at the Saturday Night Project confirms a significant Ni-Cu-PGM mineralized interval near the base of a large Midcontinental Rift-style intrusion, suggesting it could host a sizable mineralized system potentially exceeding the scale of the nearby Sunday Lake Discovery.
- Transition Metals representatives to attend PDAC, find them in the Investors Exchange at Booth #2126
Sudbury, Ontario--(Newsfile Corp. - February 28, 2025) - Transition Metals Corp. (TSXV: XTM) ("Transition", "the Company"), is pleased to disclose initial results from its 2025 drilling program at the
Commenting on the results, CEO Scott McLean stated, "We are very encouraged by the thick sequence of differentiated rift intrusion encountered at Saturday Night. The geology, mineralization style, and geophysical characteristics are highly comparable to the Sunday Lake and Thunder Bay North deposits located along the same trend. The presence of a thick layered intrusive sequence and basal cumulate phases with concentrated Ni-Cu-PGM mineralization significantly enhances the prospectivity of Saturday Night."
Discussion of Results
Two holes have been completed so far this year at Saturday Night, for a total of 1,417 metres. Hole SN-25-02 was collared at 319,903mE, 5,390,396mN, at the same location as the discovery hole, SN-16-01. Hole SN-25-02 was drilled at 319,903mE, 5,390,396mN, near the site of the discovery hole SN-16-01. It was oriented northeast (azimuth 315°, dip -75°) and reached a depth of 587m, see Table 1 below for highlight interval from hole SN-25-02.
Table 1. Highlight Results from hole SN-25-02
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Pt (g/t) | Pd (g/t) | Ni (%) | Cu (%) | 3E PGE (g/t) |
| SN-25-02 | 485.00 | 499.00 | 14.00 | 0.09 | 0.59 | 0.36 | 0.07 | 0.19 | 1.04 |
| Incl. | 492.00 | 497.86 | 5.86 | 0.16 | 1.04 | 0.66 | 0..11 | 0.36 | 1.87 |
| Incl. | 496.00 | 497.86 | 1.86 | 0.21 | 1.44 | 0.90 | 0.12 | 0.46 | 2.55 |
Note: 3E PGEs are represented as (Au + Pt + Pd). Coordinates are in UTMs, NAD 83, Zone 16N in metres.
Hole SN-25-02 targeted as a mineralized strike length step-out of approximately 200m at the basal contact intersected in hole SN-16-01, which previously returned 6.25m at 1.07 g/t PGEs, including a 0.30m section grading 4.0 g/t PGEs and
Figure 1. depicts the location of the Saturday Night project and the Sunday Lake project, relative the to the City of Thunder Bay, Ontario. Plotted on the background of the regional total field magnetics for the area, the deep blue circular features (identified with stars) are interpreted as reversely polarized early intrusions of the Midcontinental Rift (MCR). Figure 2. presents a north-south cross-section of the Saturday Night Intrusion, looking west, illustrating the interpreted geology and mineralization intersected to date.
Figure 1: Saturday Night Property Location Map on Regional Total Field Magnetics
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2766/242796_973df7e914dc7b54_001full.jpg
Figure 2: Saturday Night Project cross-section, looking west, with interpreted geology and mineralization intersected
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https://images.newsfilecorp.com/files/2766/242796_973df7e914dc7b54_002full.jpg
About the Saturday Night Project
The Saturday Night Project, wholly owned by Transition Metals, comprises 63 staked mining claims situated in Fowler Township, that is located approximately 30 kilometres northwest of Thunder Bay, Ontario within the Robinson Superior Treaty area. The project has year-round road access to a main highway and is close to infrastructure. The exploration work to date has confirmed that a magnetic anomaly found on Property is linked to an underlying mafic-ultramafic intrusion (SNI), which is interpreted to have originated during the Proterozoic era and is associated with the renowned Midcontinental Rift (MCR).
The MCR is a geological feature that extends over 2,000 kilometres across the heart of North America. It formed around 1.1 billion years ago as the North American craton began to rift. Notably, the early stages of this rift (referred to as 'early-rift') are associated with the presence of mafic to ultramafic intrusive rocks that contain significant quantities of platinum group metals (PGMs). Nearby MCR related deposits include the Thunder Bay North and Sunday Lake deposit. The Sunday Lake deposit was discovered by Transition in partnership with Impala Platinum in 2013. Other rift related Ni-Cu and PGM bearing systems include the Eagle deposit located in Michigan, and the Tamarack and Duluth deposits located in Minnesota. The Saturday Night Project is currently in the early exploration phase, with ongoing assessments aimed at determining the potential of the Property to host PGM mineralization of interest. The Property is subject to an underlying
PDAC 2025: Transition to Attend the PDAC Conference - Booth #2126
Transition Metals invites interested parties to meet with Company representatives at Booth #2126 in the Investors Exchange at the annual PDAC Mining Convention. Company representatives will be available to provide updates regarding developments at key projects including the Saturday Night and Pike Warden projects. In addition, the Company holds numerous high quality exploration properties available for option, and representatives would be happy to review these opportunities with those looking for projects in Canada. Please reach out to Bill Stormont (e-mail: bstormont@transitionmetalscorp.com, cell: 778-868-9571) to arrange a meeting.
Qualified Person
The technical elements of this news release have been approved by Mr. Benjamin Williams, P.Geo. (PGO), Senior Geologist of Transition Metals Corp., and a Qualified Person under National Instrument 43-101.
Government Exploration Grant Program (OJEP)
Transition Metals Corp. would like to acknowledge financial support from the 2024-25 Ontario Junior Exploration Program (OJEP) for the Saturday Night Project, in Ontario. Through the OJEP program, Transition has been selected to receive up to
It's important to note that the opinions and views expressed in this announcement are those of Transition Metals Corp., and do not necessarily reflect those of the Government of Ontario.
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.
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.
Further information is available at www.transitionmetalscorp.com or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242796
FAQ
What are the latest drilling results from Transition Metals' (TNTMF) Saturday Night Project?
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