Transition metals detects large off-hole conductive target on Ni-Cu-Co Maude Lake project

Transition Metals (TSXV: XTM) has reported results from borehole electromagnetic (BHEM) survey work completed on its Maude Lake property near Schreiber, Ont. The survey was undertaken to follow up mineralization intersected in three holes completed by the company in the fall of 2022. 

Sampling of the mineralized sections returned the following: 

• 20.01 metres of 0.50% nickel-equivalent, including 4.0 metres of 0.90% nickel-equivalent in hole ML-22-01, 
• 7.52 metres of 0.65% nickel-equivalent, including 1.17 metres of 2.54% nickel-equivalent in Hole ML-22-02, and 
• 4.0 metres of 0.27% nickel-equivalent in hole ML-22-03. 

Borehole surveys detect a large untested off-hole conductor from hole ML-22-03 at a depth of 160 metres downhole. ML-22-03 is the furthest step-out hole drilled which evaluates the high tenor nickel-copper mineralization exposed at surface where sampling returned 17 metres of 0.46% nickel, including 4.3 metres of 1.3% nickel. The conductivity target appears to increase in both size and strength with depth. 

"The results of this survey are encouraging as they highlight that the potential grade and size of this exciting new magmatic Ni-Cu-PGM system may be improving at depth. We are looking forward to more drilling on this project as this summer's field work gets underway," said Transition CEO, Scott McLean. 

For more information, visit www.TransitionMetalsCorp.com.