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Transition Metals Corp. (TSXV:XTM) is planning to resume exploration at its Sunday Lake Project in Ontario. The project will be funded soley by Impala Platinum Holdings (JSE:IMP) until the completion of a feasibility study.
Transition Metals Corp. (TSXV:XTM) is planning to resume exploration at its Sunday Lake Project in Ontario. The project will be funded soley by Impala Platinum Holdings (JSE:IMP) until the completion of a feasibility study.
As quoted in the press release:
Planned work includes ground geophysics and detailed geological mapping coverage over portions of the property acquired since the initial discovery. This data will be used to further refine targets in preparation for drilling. Drilling is planned to get underway in late October, dependent upon access logistics and the weather.
Scott McLean, Transition president and CEO, said:
In addition to expanding known zones, we are also looking forward to expanding the scope of our exploration activity at Sunday Lake to evaluate other portions of this prospective, mineralized intrusion. Potential exists to identify similar mineralization outside of known zones and massive magmatic nickel-copper-PGM mineralization at depth. Considerable work remains to evaluate the extent of the mineralization discovered to date and the full global potential of the Sunday Lake Intrusion.
Click here to read the Transition Metals Corp. (TSXV:XTM) press release