Transition metals.

AuthorKelly, Lindsay
PositionNEWS - Exploration projects management

Sudbury-based Transition Metals has more than 30 exploration projects covering more than 2,000 square kilometres across the country. Yet, it's firmly focused on its end goal.

While most juniors take a traditional approach to development, concentrating on one or two flagship projects, Transition is following the business-generator model, which allows it to diversify early on, while issuing less equity in the company so shareholders get a greater piece of the pie.

"They're both good models, just different," said Scott McLean, Transition's president and CEO. "One's selling ownership in the company; one's selling ownership in the individual assets."

Transition bundles its projects into five plays: gold in Abitibi and Nunavut, copper in Saskatchewan, and nickel, copper, PGMs in Thunder Bay and Sudbury. It has subordinate projects in Minnesota. BC and the Northwest Territories.

The project getting the most attention is Sunday Lake in Thunder Bay, on which Transition has partnered with Im-plats, the world's second largest platinum producer.

Characterized as a significant new discovery, Sunday Lake is noted for its smaller size and higher grade anomalies with sulphides and massive sulphides. The discovery intersection was 20 metres showing 3.22 grams per tonne(g/t) PGMs--with twice the amount of platinum as palladium. That's unusual, McLean said, since deposits usually have more palladium than platinum.

For making the discovery Transition was selected as the Discoverer of the Year by the Northwestern Ontario Prospectors Association. A 2,500-metre drilling program began on the property in March.

"One of the key things for our business model is to find partners. so we're really focused on finding partners for some of these projects that need funding right now," McLean said "But we will be doing other work in other areas and generate more projects as we go forward as well."

Also turning heads is the nickel-copper-PGE Aer-Kidd property in Sudbury, located on the Worthington Offset Dyke along strike from Vale's Totten Mine and KGHM International's Victoria exploration project.

Limited work has been done on the property, but while looking at open holes with modern geophysics Transition found anomalies...

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