Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Transition Metals Corp.
Project name: Gowganda
Location: Canada
Commodities: Silver,Cobalt
Highlight: Drilling results incl. 4.75m @ 1475.41g/t Ag, 0.02% Co from 516.25m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sudbury, Ontario–(Newsfile Corp. – April 26, 2022) – Transition Metals Corp (TSXV: XTM) (“Transition”, the “Company”) reports that between June 30th and August 19th, 2021, Battery Minerals Resources (TSXV: BMR) (“Battery”) completed 2,165 metres of diamond drilling on Transition’s Gowganda Cobalt Property located in in the Gowganda Silver camp northeast of SudburyOntario. Two drill holes (GE21001/002) and 3 wedge cuts (GE21001W1/ 001W2/ 001W3) were completed adjacent to the Canada Silver Cobalt Works (CCW) claim boundary targeting the projected eastern strike extension of CCW’s Castle East Robinson zone. CCW has reported an Inferred Resource of 7.56 million ounces of silver contained in 32,900 tonnes with an average grade of 7,149 g/t silver for the Robinson Zone in May of 2020¹. Following a review of the BMR data, the Transition interprets that the drill holes intersected an extension to the Castle East Robinson Zone, with both holes and completed wedges intersecting significant silver mineralization. Figure 1 shows location of drill holes. Table 1 lists assay results and Table 2 provides coordinates of drill holes as provided to the Company by BMR.
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