Transition Metals Corp.
Dundonald
HIGH GRADE KOMATIITE NICKEL AND VMS RESOURCE OPPORTUNITY NEAR TIMMINS
PROJECT SUMMARY
- Hosts a 43-101 compliant Inferred Resource of 116,000 tonnes grading 3.16% nickel based on 75,000 metres of drilling along trend from past producing Alexo Nickel Mine
- Separate Cu-Zn Terminus zone with resource potential outlined by Falconbridge in the 1990’s
- Transition acquired 100% unencumbered interest out of insolvency purchase in 2015 which was sold to Legendary Ore Mining Corporation in 2019 for 1,750,000 shares, and $450,000 worth of cash and shares subject to a 2.5% NSR along with an obligation to incur work expenditures on the property totaling $750,000 within 3 years
Source: http://www.transitionmetalscorp.com/projects/partnered-projects/dundonald
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