SUDBURY, ON, July 20, 2015 /CNW/ – Transition Metals Corp. (XTM – TSX.V) (“Transition”, “the Company”), is pleased to announce that it has fulfilled terms under separate option agreements to acquire 100% interests in the Haultain, Jumping Moose and Golden Elk gold properties located near Kirkland Lake Ontario and to provide a general update concerning project activities and plans.
Strategic Alliance partner Nunavut Resources Corp (NRC) has approved a $320,000 budget funded by its sole shareholder; the Kitikmeot Inuit Association, to advance exploration activities on Alliance properties in Nunavut over the summer of 2015. Target generative work including the completion of a ~300 line kilometer helicopter borne VTEM magnetic and conductivity survey have been initiated over portions of CO-20 or the Fire Shear project area.
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Surveys Will Advance Key Lake Area Exploration Strategy Targeting Basement-Hosted Uranium Discovery
Bayhorse Silver Inc, has received from Geotech its magnetic structural interpretations and structural complexity analysis of its recent survey from the Bayhorse Idaho/Oregon Geophysics Project area.
This trend encompasses 5 priority exploration targets for Cu-Au and Cu-Mo that delineate potential porphyry centres
VTEMmax survey has identified an untested potential northern extension of the zone which was obscured from historical airborne surveys by a powerline crossing the northern part of the property