56 56 Page 56 By Gregory Reynolds Being active on three proper ties has produced some good news for Canadian Gold Miner CGM It is a private company owned 65 by project generator T ran sition Metals Corp XTMV Its properties are the 100 per cent owned W est Matachewan Project located 25 km along the CadillacLarder Break west from Alamos Gold s Y oung Davidson Mine the Gowganda Gold proj ect located 75 km southwest of Kirkland Lake and the 100 owned Saturday Night Prop erty consisting of staked mining claims encomp assing a located 16 km west of the Sunday Lake discovery in Fowler T ownship north of Thunder Bay All are located in Northern On tario Results from a 123 tonne sample from W est Matachewan of vein material returned a head grade of 240 grams gold per tonne gt Au 766 troy ounces gold per tonne Previous assays of surface grab samples collec ted from the vein returned values up to 12700 gt 408 ozt Au and chip sampling completed across the vein in a number of locations returned results ranging from 020 gt Au over 090 metr es up to 2060 gt Au 662 oz Aut over 080 me tres Canadian Gold Miner CEO Greg Collins summarized W e are pleased that a lar ger and more representative sample than had been previously collected re turned such excellent grades at an occurrence situated so close to the Cadillac Larder Break At this point I will caution that the economic signifcance of the re sults remains poorly understood Additional work is required to out line the full extent of mineraliza tion associated with this showing and to determine if there is wider spread miner alization or other similar Bonanzastyle occurrences elsewhere on the property Sudbury January 31 2017 T ransition Metals Corp XTM TSXV T ransition or the Company is pleased to announce that drilling is now underway on The objective of a drill program on the Gowganda Gold Project was to test high priority gold tar gets asso ciated with mineralized and altered syenite and gold veins identifed from surface trenching and previ ous drilling Then company CEO and president Scott McLean commented W e are pleased to be advancing this project in partnership with Aldershot Re sources Ltd The team has done a great job towards identifying some exciting gold tar gets W e look for ward to results from this program as they become available At the Saturday Night Property the company has announce the discov ery of a new platinum group met als PtPdAu or PGM s enriched intrusion within the emer ging Mid continent Rift NiCuPGM Camp The Saturday Night Intrusion SNI was discovered by a single 601 metre drill hole SN16001 drilled by the company that tested an 800 metre diameter magnetic tar get with similar characteristics to the company s award winning Sunday Lake platinum discovery located 16 km to the east Assays from core samples returned Page 56 Thr ee Northern Ontario pr ojects moving Canadian Miner ahead Page 57 625 metres averaging 107gt PGMs in cluding a higher grade section of 40 gt PGM and 056 Cu over a core length of 030 metres near the interpreted base of a 200 metre thick sequence of early rift intrusive rocks Drilling confrmed that a magnetic anomaly is associated with a buried mafcultramafc intrusion interpreted to be Proterozoic in age and related to the Midcontinental Rift MCR based on lithological and geochemica l observa tions The MCR is a 2000 km long geological failed rift in the center of North America that formed when the North American craton began to split apart about 11 bil lion years ago Early phases earlyrift of mafc to ultramafc intrusive rocks with high associated PGMs occur within the MCR T ransition Metals is a Canadianbased multicommodity project generator that specializes in converting new explora tion ideas into discoveries The award winning team of geoscientists has ex tensive exploration experie nce which actively develo ps and tests new ideas for discovering mineralization in places that others have not looked often allowing the company to acquire properties inex pensively Rigorous feldwork combin ing traditional and new techniques helps unearth compelling prospects and drill tar gets T ransition uses the project generator business model to acquire and advance multiple exploration projects simultane ously thereby maximizing shareholder exposure to discovery and capital gain Joint venture partners earn an interest in the projects by funding a portion of high er risk drilling and exploration allowing T ransition to conserve capital and mini mize shareholder s equity dilution The company has a portfoli o that cur rently includes gold copper nickel and platinum projects primarily in Ontario Nunavut and Saskatchewan Canadian Gold Miner is focused on ex ploring for gold in the Larder Lake Min ing District near Kirkland Lake The company was founded by T ransition to leverage its data expertise and pipeline of exploration projects towards consolidatin g an extensive portfolio of high quality gold projects CGM has assembled a dominant exploration land position in excess of 165 square km around the Cadillac Larder LincolnNipissing and Ridout Structures in the southwestern part of the prolifc Abitibi Greenstone Belt in Ontario The Abitibi is Canada s most prolifc gold district located in a stable politi cal jurisdiction with excellent mining infrastructure in place T ransition Metals converts new exploration ideas into discoveries