Transition Metals shares results from ground electromagnetic survey at Maude Lake Property
July 19, 2023 at 01:30 pm EDT
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Transition Metals CEO Scott McLean joined Steve Darling from Proactive to share some exciting updates about the company's Maude Lake Property in Ontario. The company recently completed a comprehensive ground fixed loop electromagnetic survey on the property, aiming to gain insights into the subsurface geology and potential mineralization.
The electromagnetic survey covered an area of 174 hectares and has yielded positive results. It confirmed the presence of a large conductive target situated down dip from the mineralization previously intersected at Maude Lake in the fall. This discovery is a significant development for the project as it provides valuable information about the potential presence of mineral resources in the area.
Furthermore, McLean also revealed that Transition Metals has been selected to receive up to $200,000 in funding, which will cover 50% of eligible exploration costs for the project. This grant is focused on supporting exploration efforts for Critical Minerals within Ontario. Receiving this funding represents a meaningful milestone for the company as it demonstrates government support for advancing the exploration of the high-grade magmatic nickel project.
With these positive developments, Transition Metals is well-positioned to continue its exploration efforts and potentially unlock further mineral resources in the Maude Lake Property, contributing to the company's growth and success in the mining industry.
Contact Details
Proactive Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
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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.
TRANSITION METALS CORP. 
