Transition Metals Corp. reported assays from the drilling completed this fall at its Maude Lake Property located 10km north of Schreiber, Ontario. The drill program was completed this September and consisted of 3 NQ size diamond drill holes for a total of 561 metres.

The drilling targeted an approximate 300x500 metre VTEM conductor, (see news release dated Sept. 12, 2022) interpreted based on work completed this summer by the Transition team to be an offset down dip extension of mineralization exposed at surface. All three holes collared in gabbro, intercepting mineralization at or close to target depth in a pyroxenitic/altered phase, located near the contact of the gabbro with a granodiorite intrusion.

Mineralization consists of fine to medium grained sulphide blebs and disseminations that transition into interstitial to net-textured suphides, interspaced by narrow intervals of semi-massive to massive sulphides. Some fracture-controlled chalcopyrite dominant mineralization is observed in footwall underlying the contact. The best mineralized intercepts correspond to higher zones of conductivity modelled from the VTEM system.

The Company is now working to survey completed holes with a time domain borehole EM system which should provide better definition of the extent of the targeted conductive trend below the 150-200 metre effective penetration depth of the VTEM system. Additional geophysical inversion models and petrographic studies are ongoing, with the planed inclusion of a targeted ground EM geophysical survey. The Maude Lake property consists of staked mining claims on crown land that cover approximately 1,398 hectares in the Pays Plat Lake, Lower Aguasabon Lake and Priske township/areas that were optioned to the Company in 2019.

The property lies within the traditional territory of the Pays Plat First Nation.