Transition Metals cuts high grades at Highland project
Image courtesy of Transition Metals Corp.
Transition Metals of Sudbury, Ontario, has reported that excellent grades have been drilled at its Highland gold property in the Cape Breton Highlands, 60 km northwest of Sydney. The best hole, 19-TMC-RC, returned 16.15 g/t over 4.0 metres within an intersection of 8.0 metres averaging 5.90 g/t gold.
These grades came from six recent shallow drill holes in the 6A zone, 2 km east of the Main zone. Assays are pending for another 22 holes.
Transition Metals says the Highland property covers a cluster of high grade gold occurrences. The property is easily reached by a major road and network of logging roads. The company is seeking a partner to advance the project.
This article first appeared in the Canadian Mining Journal
Mining.com Recommends
Two dozen people dead after landslide at DRC gold mine
The accident took place on Saturday afternoon.
Indian gold sold at discount as wedding demand disappoints
Dealers in India offered a discount of up to $2 an ounce on official domestic prices.
Canada Cobalt intersects massive native silver vein at Castle mine, stock up
The deposit model and history of the camp shows that these narrow but unusually rich vein shoots can extend for up to hundreds of feet.
Bearish outlook for metal prices for 2020 — report
But demand for lithium and cobalt is set to improve next year.
Comments