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Sudbury, Ontario--(Newsfile Corp. - May 11, 2021) - Transition Metals Corp (TSXV: XTM) ("Transition", "the Company") is pleased to announce that it has secured a 100% interest in the Cryderman property located in southwest Macmurchy Township, Larder Lake Mining District, Ontario. The property consists of six mining and surface rights leases, totaling approximately 106 hectares which host a system of quartz veining partially exposed around a 40 foot (12.2m) deep historical shaft sunk in 1917 to explore the Queen Elizabeth vein.
Channel sampling by Transition in 2019 included 21 channels totalling 46 samples spaced along the approximately 100 metres of the exposed strike length of the Queen Elizabeth Vein (QEV). The southerly most channel returned 9.15 g/t Au over 1.07 metres including 11.30 g/t Au over 0.47 metres; and the northerly most channel returned 11.55 g/t Au over 0.54 metres. The channels located in between returned from 15.70 g/t Au over 0.49 metres to 0.08 g/t Au over 0.71 metres. Sampling of peripheral alteration and quartz stringers to the QEV returned values between 3.44 g/t Au over 1.63 metres and 0.44 g/t Au over 0.58 metres suggesting potential for a much wider mineralized zone. (Refer to news release dated November 27, 2019).