Page 32 By Gregory Reynolds Sudbury Platinum Corp plans to ag gressively advance exploration work on the company s Aer Kidd Project after having raised 15 million Sudbury Platinum SPC is a private controlled subsidiary of T r ansition Metals Corp The Aer Kidd Property is located 20 kilometres southwest of Sudbury It covers a 13 kilometre section of the W orthington Of fset Dyke in an area with a rich mining history dating back to the 1800s The property is approximately 26 kilometres along strike to the north lion tonnes grading 15 Ni 197 Cu 48gt PGM that is currently in production and 43 kilometres to the southwest and along trend of tonnes grading 25 Ni 25 Cu 76 gt PGM which is currently being de veloped The Aer Kidd Property hosts the for mer producing Howland Pit and Rob inson 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 geologi cal data and believes that the prop erty has excellent potential to host an economic NiCuPGM deposit SPC retains an option to earn up to 70 interest in the Aer Kidd mineral rights which is 100owned by CaNickel Mining Company Limited Scott Mclean president and CEO of T r ansition commented we are pleased to partner with Royal Nickel Corporation on this project through our shared ownership in Sudbury Platinum W e are also very excited to test the exceptional conductivity tar gets we Of fset Dyke and look forward to exploration success that could have shareholders of SPC and T ransition The proceeds from the private place ment will be used to aggressively ad vance exploration work on the com pany s Aer Kidd Project in 2014 W ork planned in 2014 includes up to 4000 metres of diamond drilling to test high potential nondecaying SPC in January and the completion of additional borehole EM survey work T r ansition will oversee and imple ment all exploration programs at Aer Kidd pursuant to an Operating Agree ment it holds with Sudbury Platinum NiCuPGM massive sulphide ore bodies of Sudbury Igneous Complex SIC are highly conductive The portion of the W orthington Of f set Dyke that transects the Aer Kidd Property has been subject to previous geophysical investigation from sur face and boreholes As part of a review of this work SPC resurveyed Of that total six were resurveyed with the Lamontagne netic system BHEM in 2013 The highest priority tar gets were hole was drilled by CaNickel for in 2004 and was designed to test the of fset dyke at a vertical depth of ap proximately 1000 metres between the pastproducing Robinson Mine and the Howland Pit Due to excessive deviation during drilling the hole failed to intersect the tar get dyke at depth Resurvey ing of the hole in December 2013 by SPC revealed two highly conductive tar gets T ar get A and T a r get B coinci dent with the of fset dyke 700 metres and 1050 metres downhole T r ansition Metals Corp together with its 100 owned subsidiary HTX Minerals Corp is a Canadianbased multicommodity project generator that specializes in converting new ex ploration ideas into Canadian discov eries The awardwinning team of geosci entists has extensive exploration ex perience in established emer ging and historic mining camps and actively develops and tests new ideas for dis covering mineralization in places that others have not looked This often allows the company to ac quire properties inexpensively and combines traditional techniques with newer ones to help unearth com pelling prospects and drill tar gets T r ansition uses the project generator business model to acquire and ad vance multiple exploration projects simultaneously thereby maximizing shareholder exposure to discovery and capital gain Joint venture partners earn an interest in the projects by funding a portion of higher risk drilling and exploration allowing T r ansition to conserve capi tal and minimize shareholder s equity dilution The company which went public in 201 1 has an expanding portfolio that currently includes 28 gold copper nickel and platinum projects primar ily in Ontario Nunavut and Saskatch ewan to push exploration of Aer Kidd Sudbury Platinum raises funds SUDBUR Y MINING REPOR T 2014