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SPC Nickel Corp., a battery metals company focused on nickel and copper exploration in the Sudbury Basin, started trading on the TSX Venture Exchange under the ticker SPC this week.
“As a project generator, we spun out our Sudbury assets into SPC Nickel in 2013 so that it could focus on (nickel, copper and platinum group metals) exploration in the world-class mining camp,” Scott McLean, the CEO of Transition Metals Corp., said in a release.
“Our goal was for SPC to advance the Aer-Kidd project, a property positioned 1.8 km from Vale’s Totten Mine and 3 km from KGHM’s Victoria Deposit, without diluting existing (Transition Metals Corp,) shareholders. In addition to advancing Aer-Kidd over the past few years, SPC Nickel has also added two more highly prospective properties in the world’s second largest nickel camp.
Transition Metals Corp : Transition Metals Declares Dividend-In-Kind of Shares Held in SPC Nickel Corp
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Rio Tinto starts drilling at Janice Lake
Mining camp at Janice Lake. Credit: Forum Energy Metals.
Rio Tinto Exploration Canada (RTEC) has commenced drilling on Forum Energy Metals’ (TSXV: FMC) 100% owned Janice Lake copper-silver project in Saskatchewan.
Two drill rigs are initially testing the Rafuse target, a 2.8 kilometre long priority target of surface copper mineralization.
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Drilling of nine holes at Rafuse in 1969 to a maximum depth of 62 metres returned up to 17 metres of 0.68% copper and two holes drilled in 1993 by Noranda to a maximum depth of 128 metres returned 21.7 metres of 0.19% copper.
Two one-kilometer lines of an Induced Polarization (IP) survey conducted by RTEC over the Rafuse target last summer identified a strong chargeability anomaly starting at a depth of 130 metres. The first two holes are planned to test this IP chargeability anomaly.
Rio Tinto ready for winter drilling at Janice Lake
Copper showing outcrop at Janice Lake.
(Image courtesy of Forum Energy Metals).
Rio Tinto Exploration Canada (RTEC) started mobilizing two drills, fuel, and other supplies to the Janice Lake copper-silver project in Saskatchewan, project owner Forum Energy Metals (TSXV: FMC) announced this week.
According to the miner, RTEC has engaged Team Drilling, a partnership with Aboriginal-owned Athabasca Basin Development to commence drilling in mid-February.
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The plan is for both drills to initially focus on the Rafuse target, a 2.8-kilometre-long priority target of copper mineralization at surface that was developed during the mapping, prospecting and geophysical program this summer.
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Additional 23 square kilometres staked to cover new anomalous copper target areas
Sudbury, Ontario (Newsfile Corp. - January 18, 2021) - Transition Metals Corp (TSXV: XTM) ( Transition , XTM or the Company ) is pleased to report the results of a successful property-wide helicopter-supported, tree-top, biogeochemical survey completed over approximately 150 square kilometers of its 100% owned Wollaston Copper project in north central Saskatchewan. Transition has added an additional 23 square kilometres to cover significant areas of anomalous copper outlined by this survey. The project is located (Figure 1.) approximately 60 kilometres southwest along strike from the Janice Lake project, a sedimentary hosted copper project being aggressively explored by Rio Tinto Exploration Canada (RTEC) and Forum Energy Metals (Forum).
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