Transition Metals Corp. (TSXV:XTM) announced that it has received the first set of assay results from the ongoing drill program conducted by North American Palladium, on the Sunday Lake platinum-palladium (PGM) project.
Highlights are as follows:
- Hole SL-17-18B: 18.65m @ 4.05 g/t PGM (Pt+Pd+Au) including 4.9m @ 6.10 g/t PGM and 0.64% Cu
- Hole SL-18-21: 35.80m @ 3.90 g/t PGM including 6.50m @ 8.34 g/t PGM
- Hole SL-18-22: 33.20m @ 2.80 g/t PGM including 5.90m @ 6.80 g/t PGM and 0.67% Cu.
Scott McLean, president and CEO, commented:
These results demonstrate the potential of the Sunday Lake Intrusion to host significant economic mineralization and the grades encountered are higher than other similar deposits and mines in the district. The geology at Sunday Lake bears many similarities to the Company’s 100 percent owned Saturday Night project located in similar geology 16km to the west that we feel may have similar potential.