Transition Metals PGM-Ni-Cu Discoveries: Sunday Lake and Aer-Kidd, a Separation of 700 Kilometers and 700 Million Year
Transition Metals Corp (XTM) follows a project generator business model. Under the model, the Company strives to minimize shareholder equity dilution and maximize exposure to discovery with direct and royalty interests in numerous exploration projects across North America.
Much of the Company’s discovery success to date has been associated with magmatic, PGM-Ni-Cu exploration in Ontario. The Company holds interest in 11 such properties in the province of which work on two have resulted in the discovery of significant high valued PGM-Ni-Cu mineralization. The two projects are located 700 kilometres apart and are about 700 million years different in age.
The Sunday Lake project is associated with a recently discovered Midcontinent Rift mafic-ultramafic intrusion, the Sunday Lake Intrusion, which is located 25 kilometres north of Thunder Bay, Ontario. Limited exploration work on the property to date has shown that the Sunday Lake Intrusion is geophysically, petrographically and geochemically similar to a suite of mafic-ultramafic intrusions which were emplaced during the earliest phases of rift development approximately 1.1 billion year ago. Within the intrusion, the Company has discovered a PGM-Cu-Ni mineralized zone measuring about 800m x 300m which is open in all directions. The best intersection to date includes 42.9m @ 3.42 g/t PGM, 0.44% Cu and 0.17% Ni with Pt:Pd ratios of 2:1.
The Aer-Kidd project is located along the Worthington Off-set dyke of the 1.8 billion year old Sudbury Igneous Complex. Work on the project to date has identified high quality electromagnetic conductors at depth below historic mine workings representing excellent drill targets. Drilling at Aer-Kidd to date has returned high tenor sulphides including 1.65m @ 2.5% Ni, 2.5% Cu and 10g/t PGM.
The talk will describe and compare the geology and drilling results of Sunday Lake and Aer-Kidd with an emphasis on stratigraphy, geochemistry and structural controls on mineralization..
Scott McLean, President and CEO, Tranisition Metals Corp.
Scott McLean, P.Geo., FGC., graduated from the University of Western Ontario in 1985. Between 1985 and 2007 Scott worked for the Falconbridge Limited and its successor Xstrata Nickel in various capacities throughout Canada with a focus on gold and base metal exploration.
In 2007, Scott left Xstrata Nickel and founded HTX Minerals Corp. Later he founded Transition Metals Corp in 2010, Sudbury Platinum Corporation in 2013 and more recently, Canadian Gold Miner in 2016. Scott currently leads Transition Metals and Sudbury Platinum as CEO and Chairman of both boards of Directors.
Scott’s career achievements are exemplified by the co-discovery of the Nickel Rim South Mine for which he received the PDAC Bill Denis, “Prospector of the Year” award in 2004. In 2013 Scott, together with the Transition Metals team and its partner Impala Platinum were awarded the Bernie Schneiders Discovery of the Year award for their work at Sunday Lake. In 2014, Scott was elected as a Fellow of Geoscientist Canada for his contribution to the Profession..