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Home > News > Transition Metals Reports...

Transition Metals Reports SPC Metals intersected 22.45m of 2.20% NiEq. at Aer-Kidd Property near Sudbury

Oct 21, 2020


Transition Metals Corp has announced that SPC Metals has released encouraging assay results from drilling on its Aer-Kidd Ni-Cu-PGM Project located in the heart of the Sudbury Mining Camp. The eight hole, 4,670 metre drilling program was designed to test an area down dip of the historic Robinson Mine. The property is located between Vale's Totten Mine (10.1Mt @ 1.5% Ni, 1.97% Cu, 4.8g/t PGM)¹ located 1.8 kilometres along trend to the SW of the Aer-Kidd Property and KGHM's Victoria Development Project (14.5Mt @ 2.5% Ni, 2.5% Cu, 7.6 g/t PGM)² located 3.0 kilometres along trend NE.

Transition spun out the Aer-Kidd property to SPC in 2013 and currently owns approximately 23% of the outstanding shares of SPC Metals. SPC has raised over $12M since being formed and is targets to be publicly trading in early 2021.

Highlights

  • Hole AK-19-035 intersected 22.45 metres grading 2.20% Nickel Equivalents (NiEq; 0.54% Ni, 0.41% Cu, 0.97 g/t Pt, 0.79 g/t Pd, 2.08 g/t Au and 3.73 g/t Ag) from 434.50-453.40 metres including a higher-grade section of 3.77% NiEq (0.61% Ni, 0.37% Cu, 2.05 g/t Pt, 3.03 g/t Pd, 2.46 g/t Au and 3.39 g/t Ag. over 4.60 metres.
     
  • Massive sulphide intersects exhibit very-high base and precious metal grades and overall metal tenors.
     
  • Enriched gold values of up to 60.7g/t associated with the high-grade section of hole AK-19-035. 
     
  • High-grade Pd and Pt values, grading up to 41.0g/t Pd and 18.1g/t Pt, associated with the massive sulphide mineralization.

Christopher Chadder, CA., Transition's CFO stated, "We continue to see significant growth of the Company assets including the securities it holds. As reported on August 25th, XTM is pleased that Dundee Goodman Merchant Partners has taken a strong interest in SPC. We view SPC as one of the premier nickel investment opportunities in our sector that we expect will add additional value to our Company through its holdings of 15M shares."



Tags: Northern Ontario / Exploration / Battery Metals / All Articles