Transition Metals reports 14m of Ni-Cu-PGM Mineralization at Saturday Night Project
Transition Metals Corp. has disclosed initial results from its 2025 drilling program at the 100%-owned Saturday Night Project, located 25 kilometres north of Thunder Bay. The program included two drill holes, totaling 1,417 metres, targeting the basal contact of the mineralized Saturday Night layered intrusion.
Commenting on the results, CEO Scott McLean stated, "We are very encouraged by the thick sequence of differentiated rift intrusion encountered at Saturday Night. The geology, mineralization style, and geophysical characteristics are highly comparable to the Sunday Lake and Thunder Bay North deposits located along the same trend. The presence of a thick layered intrusive sequence and basal cumulate phases with concentrated Ni-Cu-PGM mineralization significantly enhances the prospectivity of Saturday Night."
Discussion of Results
Two holes have been completed so far this year at Saturday Night, for a total of 1,417 metres. Hole SN-25-02 was collared at 319,903mE, 5,390,396mN, at the same location as the discovery hole, SN-16-01. Hole SN-25-02 was drilled at 319,903mE, 5,390,396mN, near the site of the discovery hole SN-16-01. It was oriented northeast (azimuth 315°, dip -75°) and reached a depth of 587m, see Table 1 below for highlight interval from hole SN-25-02.
Hole SN-25-02 targeted as a mineralized strike length step-out of approximately 200m at the basal contact intersected in hole SN-16-01, which previously returned 6.25m at 1.07 g/t PGEs, including a 0.30m section grading 4.0 g/t PGEs and 0.56% Cu (see news release dated January 23, 2017). Hole SN-25-03 was drilled 400m south at 319,730mE, 5,390,082mN, oriented southwest (azimuth 201°, dip -70°) to a depth of 830m. It intersected an even thicker sequence of rift-related intrusion. Results for this hole are pending and the Company will report on additional results and interpretation in coming weeks.
Figure 1. depicts the location of the Saturday Night project and the Sunday Lake project, relative the to the City of Thunder Bay, Ontario. Plotted on the background of the regional total field magnetics for the area, the deep blue circular features (identified with stars) are interpreted as reversely polarized early intrusions of the Midcontinental Rift (MCR). Figure 2. presents a north-south cross-section of the Saturday Night Intrusion, looking west, illustrating the interpreted geology and mineralization intersected to date.
Figure 1: Saturday Night Property Location Map on Regional Total Field Magnetics
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Figure 2: Saturday Night Project cross-section, looking west, with interpreted geology and mineralization intersected
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About the Saturday Night Project
The Saturday Night Project, wholly owned by Transition Metals, comprises 63 staked mining claims situated in Fowler Township, that is located approximately 30 kilometres northwest of Thunder Bay, Ontario within the Robinson Superior Treaty area. The project has year-round road access to a main highway and is close to infrastructure. The exploration work to date has confirmed that a magnetic anomaly found on Property is linked to an underlying mafic-ultramafic intrusion (SNI), which is interpreted to have originated during the Proterozoic era and is associated with the renowned Midcontinental Rift (MCR).
The MCR is a geological feature that extends over 2,000 kilometres across the heart of North America. It formed around 1.1 billion years ago as the North American craton began to rift. Notably, the early stages of this rift (referred to as 'early-rift') are associated with the presence of mafic to ultramafic intrusive rocks that contain significant quantities of platinum group metals (PGMs). Nearby MCR related deposits include the Thunder Bay North and Sunday Lake deposit. The Sunday Lake deposit was discovered by Transition in partnership with Impala Platinum in 2013. Other rift related Ni-Cu and PGM bearing systems include the Eagle deposit located in Michigan, and the Tamarack and Duluth deposits located in Minnesota. The Saturday Night Project is currently in the early exploration phase, with ongoing assessments aimed at determining the potential of the Property to host PGM mineralization of interest. The Property is subject to an underlying 1.0% Net Smelter Return royalty (see company press releases dated September 8, 2020).
PDAC 2025: Transition to Attend the PDAC Conference - Booth #2126
Transition Metals invites interested parties to meet with Company representatives at Booth #2126 in the Investors Exchange at the annual PDAC Mining Convention. Company representatives will be available to provide updates regarding developments at key projects including the Saturday Night and Pike Warden projects. In addition, the Company holds numerous high quality exploration properties available for option, and representatives would be happy to review these opportunities with those looking for projects in Canada. Please reach out to Bill Stormont (e-mail: bstormont@transitionmetalscorp.com, cell: 778-868-9571) to arrange a meeting.
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