Transition Metals and its subsidiary, Sudbury Platinum Corp. (SPC), have found new highly conductive drill-ready targets at their Aer-Kidd nickel-copper-PGM project in Sudbury.
In a release, the company said its 2014 exploration program will be focused on testing the targets as well as expanding the geophysical coverage across the property with additional borehole electromagnetic surveys.
The Aer-Kidd property is located 20 km southwest of Sudbury and covers a 1.3 km section of the Worthington Offset Dyke. It’s located approximately 2.6 km along strike to the northeast of Vale's Totten Mine and 4.3 km to the southwest and along trend of KGHM's Victoria Mine.
The Aer-Kidd Property hosts the former producing Howland Pit, Robinson and Rosen Mines, which were small deposits exposed at surface and were mined down to a maximum depth of 300 metres. SPC has undertaken a detailed review of historical geophysical and geological data and believes that the property maintains excellent potential to host an economic Ni-Cu-PGM deposit.
The company said it is currently reclogging core, and plans to resurvey historic holes in coming weeks. Results will be integrated with the geological model in advance of the 4,000 metres of drilling planned for 2014.