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Transition Metals Incorporates Sudbury Platinum to Pursue Aer-Kidd
Nov. 07, 2013 04:20PM PST
Precious Metals Investing
Mining Weekly reported that project generator Transition Metals Corp. (TSXV:XTM) has incorporated Sudbury Platinum Corp., a new subsidiary, to work on the Ontario-based Aer-Kidd nickel, copper and platinum-group metals project. Aer-Kidd was previously held by HTX Minerals Corp., another Transition subsidiary.
Mining Weekly reported that project generator Transition Metals Corp. (TSXV:XTM) has incorporated Sudbury Platinum Corp., a new subsidiary, to work on the Ontario-based Aer-Kidd nickel, copper and platinum-group metals project. Aer-Kidd was previously held by HTX Minerals Corp., another Transition subsidiary.
As quoted in the market news:
The 260 ha Aer-Kidd property is located about 20 km south-west of Sudbury, and covers a 1.3 km section of the Worthington offset dyke in an area with a rich mining history, dating back to the 1800s.
The property is about 2.6 km along strike to the north-east of Vale’s Totten mine, which has 10.1-million tons grading 1.5% nickel, 1.97% copper, 4.8 g/t PGMs, and which is currently in production, and 4.3 km to the south-west and along trend of KGHMs Victoria mine, which has about 14.5-million tons grading 2.5% nickel, 2.5% copper, 7.6 g/t PGMs, which is currently being developed.
The Aer-Kidd property hosts the former producing Howland pit, Robinson and Rosen mines, which were small deposits exposed at surface and were mined down to a maximum depth of 300 m.
