- Transition Metals Corp. (XTM) reported assays from a shallow reverse-circulation (RC) drill program at its Pike-Warden Property in Yukon
- All three holes intersected significant values of silver near surface
- The ERT Zone is only one of 18 identified mineralized zones discovered to date on the 37 km² property located near the margins of the Bennett Lake Volcanic Complex
- Transition Metals Corp. (XTM) is down 6.25 per cent, trading at $0.075 at 9:45 am ET
Transition Metals Corp. (XTM) reported assays from a shallow reverse-circulation (RC) drill program at its Pike-Warden Property in Yukon.
Drilling was completed at the ERT Zone, one of 18 historic and recently discovered high-grade polymetallic silver, gold, and copper epithermal showings on the property. All three holes intersected significant values of silver near surface.
Highlights:
- 16.76 metres grading 93.95 g/t AgEq, including 1.5 metres grading 482.95 g/t AgEq in hole 22-PW-01
- 21.34 metres grading 104.64 g/t AgEq, including 1.5 metres grading 399.10 g/t AgEq in hole 22-PW-02
- 12.19 metres grading 52.96 g/t AgEq, including 1.5 metres grading 229.7 g/t AgEq in hole 22-PW-03
Drilling focused on the ERT Zone, where the team’s geologists interpret the mineralization to be characteristic of a high-sulfidation silver-rich epithermal Au-Ag system. Epithermal Au-Ag deposits are significant because of their typical high-grade “bonanza”-style mineralization.
The company’s president and CEO, Scott McLean, P.Geo, commented that the results from the shallow RC drill program at the ERT zone represent the first program of drilling to ever be completed on this large and prospective property.
“The ERT Zone is only one of 18 identified mineralized zones discovered to date on the property, which are located near the margins of the Bennett Lake Volcanic Complex. We think that this cluster of mineralization is part of a much larger epithermal mineralizing system.”
The Pike Warden property is located 70 km southwest of Whitehorse, Yukon, and is composed of 185 contiguous mining claims totalling 37 km². High-grade polymetallic gold, copper, and silver epithermal showings have been found, potentially indicating a large epithermal-porphyry system nearby.
Transition Metals (XTM) is a Canadian multi-commodity project generator that specializes in converting new exploration ideas into discoveries.
Transition Metals Corp. (XTM) is down 6.25 per cent, trading at $0.075 at 9:45 am ET.