Transition Metals CEO Scott McLean joined Steve Darling from Proactive to share some exciting updates about the company's Maude Lake Property in Ontario. The company recently completed a comprehensive ground fixed loop electromagnetic survey on the property, aiming to gain insights into the subsurface geology and potential mineralization.
The electromagnetic survey covered an area of 174 hectares and has yielded positive results. It confirmed the presence of a large conductive target situated down dip from the mineralization previously intersected at Maude Lake in the fall. This discovery is a significant development for the project as it provides valuable information about the potential presence of mineral resources in the area.
Furthermore, McLean also revealed that Transition Metals has been selected to receive up to $200,000 in funding, which will cover 50% of eligible exploration costs for the project. This grant is focused on supporting exploration efforts for Critical Minerals within Ontario. Receiving this funding represents a meaningful milestone for the company as it demonstrates government support for advancing the exploration of the high-grade magmatic nickel project.
With these positive developments, Transition Metals is well-positioned to continue its exploration efforts and potentially unlock further mineral resources in the Maude Lake Property, contributing to the company's growth and success in the mining industry.
View source version on newsdirect.com: https://newsdirect.com/news/transition-metals-shares-results-from-ground-electromagnetic-survey-at-maude-lake-property-568942957
Transition Metals Corp