Transition Metals completes financing as company looks to a busy summer at two key projects
June 19, 2023 at 01:31 pm EDT
Share
(via NewsDirect)
Transition Metals CEO Scott McLean shared with Steve Darling from Proactive the company has completed its financing bringing in over $1million to the treasury.
McLean telling Proactive the capital is being used to fund the company’s summer work plan at its key critical metals projects, Pike Warden and Maude Lake.
The primary focus will be Maude Lake, where crews are already on the ground conducting geological mapping and cutting lines. The project shows promising nickel numbers and an impressive anomaly, prompting the company to optimize drilling through grid placement. Additionally, work will be carried out at Pike Warden, a large-scale project with multiple targets, aiming to understand the context of mineralization across the property.
Contact Details
Proactive Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Transition Metals Corp. is a multi-commodity company. The Company is engaged in the acquisition and exploration of mineral exploration properties in Canada and the United States. Its projects include Pike Warden, Saturday Night, Maude Lake Property, Wollaston Copper, Jolly Gold, Duntara Copper Property, Highland Gold, Gowganda Gold, Cryderman Gold, Bancroft, Aylmer IOCG, Lewisporte Property and Island Copper Property. The Jolly Gold covers the western extension of the Beardmore-Geraldton greenstone belt. Maude Lake Property is an emerging, high tenor Ni-Cu-Co-PGM magmatic sulfide system located 10 kilometers (km) north of Schreiber, Ontario. The Saturday Night project is a one km diameter, circular magnetic feature located 16 km west of Sunday Lake. Cryderman Gold property is located along the regionally significant and deep crustal Ridout Deformation Zone. The Aylmer IOCG project covers approximately 3,131 hectares encompassing 119 mining claims located northeast of the Sudbury Basin.