Transition Metals Corp.
Gowganda Gold
GOLD DISCOVERY IN HISTORIC GOWGANDA SILVER-COBALT CAMP, ONTARIO
PROJECT SUMMARY
- Gold discovery made by Transition Metals in 2010, <1km from a paved highway, in the heart of the historic Gowganda silver-cobalt camp (~125 km south of Timmins, Ontario)
- Widespread gold mineralized system over a strike length of 1.25 km, with visible gold at surface with highlights including: 97 g/t gold over 40 cm (channel sample); 2.4 g/t over 7.1 m and 82.5 g/t over 0.4 m (drill program, within 35 m of surface). Property also hosts a number of historical cobalt silver occurrences including the Big Four showing, where sampling by Transition in 2017 returned up to 3.05% Cobalt from select rock dump samples.
- Optioned to Battery Mineral Resources who must spend $3.4 million over 3 years to earn a 60% interest with an option to increase to 80% by completing a feasibility study on the project.
Source: http://www.transitionmetalscorp.com/projects/partnered-projects/gowganda-gold
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