Precious Metals

Transition Metals (TSXV:XTM) and Impala Platinum have resumed drilling at the Sunday Lake property in Ontario. The project is owned 25 percent by Transition and 75 percent by Impala Platinum, and is fully funded by Impala through to completion of a Feasibility study.

Transition Metals (TSXV:XTM) and Impala Platinum have resumed drilling at the Sunday Lake property in Ontario. The project is owned 25 percent by Transition and 75 percent by Impala Platinum, and is fully funded by Impala through to completion of a Feasibility study.
As quoted in the press release:

The exploration program will include regional mapping and prospecting, and a minimum of 3,500 metres of diamond drilling. The focus of the drilling program will be to expand and more fully assess the continuity of the Pt+Pd+Au (PGM) mineralization intersected along the basal contact of the Sunday Lake Intrusion (SLI) to the southwest and northeast of the previous drilling. (Figure 1).
Drilling to date has established continuity of PGM mineralization over an area approximately 700 metres long and 300 metres wide, at depths between 370 to 800 metres below surface and remains open for further expansion in all directions. The mineralization has Pt:Pd ratios of approximately 2 to 1 which is exceptionally high for magmatic Ni-Cu-PGM deposits. Highlight drill intersections from drilling completed to date is presented below in Table 1.

Click here for the full press release.

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