Follow-up Drilling At The Saturday Night PGM Project

SUDBURY – Transition Metals Corp. has resumed drilling at the Saturday Night Project, located approximately 30 kilometres northwest of Thunder Bay, Ontario. The program is designed to follow up on encouraging results reported earlier in the year that returned assays up to 1.44 g/t Pt, 0.90 g/t Pd, 0.21 g/t Au (collectively 2.55 g/t 3E PGM) along with 0.12% Ni and 0.46% Cu within a 14.00 metre interval grading 1.04 g/t 3E PGM and 0.19% Cu. The new drilling will target additional zones along the basal contact of the Saturday Night Intrusion to further assess the PGM-nickel-copper potential of this large, critical-element-enriched system. A ground magnetotellurics (MT) survey conducted by Transition in 2019 indicated that the Saturday Night Intrusion appears open in all directions, potentially extending to a depth of up to 1,000 metres.
CEO Scott McLean, said, “Our goal with this program is to build on our previous exploration work at Saturday Night and extend hole SN-25-03, as well as test additional basal-contact targets. SN-25-03 ended within a thick sequence of rift-related gabbro, the same unit that hosts the longest and highest-grade intercepts at our nearby Sunday Lake discovery. This program aims to expand the footprint of mineralization and refine our understanding of the basal cumulate geometry and its potential to trap sulphide mineralization. We are excited to test this highly prospective target and look forward to updating the market once assays are returned.”