Ontario Prospector - Spring/Summer 2012 - (Page 17)

Visible gold in a quartz-carbonate vein at Transition Metals’ Haultain property. TRANSITION METALS: Generating new GOLD prospects hen Sudbury’s Transition Metals first encountered visible gold on its Haultain property, 125 km south of Timmins, it was excited, but not surprised. “It helped validate our belief that there are new gold deposits yet to be discovered in the southern Abitibi region,” noted Scott McLean, co-founder and CEO of Transition. “It’s pretty remarkable that you can still walk a few hundred meters off a paved road, scrape the moss off an outcrop and make a significant new discovery in this region.” Transition Metals (XTM-TSX.V) is an exploration company that specializes in generating new gold prospects in the established, emerging and historic mining camps of northern Ontario, with a particular focus in the Abitibi greenstone belt. Combined, its veteran team of exploration geologists has worked in the region for over 50 years with juniors and majors alike and has a long track record of success, having received awards for new discoveries. in the SOUTHERN ABITIBI The company had just formed when it met prospector Sherry Swain in 2010. She had first recognized the potential for finding gold in the area in 2004. The Haultain property is located about a kilometer west of the heart of the Gowganda Silver camp, which produced an estimated 60 million ounces from 1908 to the late 1970s. Despite all the activity in the region, no one apparently had thought to test for gold, until Swain. McLean and his team were intrigued by the elevated gold values she had obtained, the geology exposed and the lack of historical exploration work in the area targeting gold. The property sits within a window of Archean rocks exposed in a larger area of younger Proterozoic sedimentary rocks. These Archean rocks, located along the eastern extension of the Ridout fault and the southwest margin of the Round Lake Batholith, appear to represent a similar ore-forming environment to that observed near Kirkland Lake. 100 km Pipestone Timmins Kirkland Lake West Matachewan Jumping Moose Haultain New Kirkland Golden Elk W Doherty Lake Sudbury North Bay Ontario Quebec Location of Transition Metals’ gold projects in the southern Abitibi region. “ T he De stor-Porc upi ne a nd Cadillac-Larder breaks have been the focus of most exploration and mining in the region for the past hundred years,” noted McLean. “But there are other structures in the southern Abitibi that aren’t nearly as well understood, exposed or explored. The Ridout fault, which is adjacent to Trewlaney Mining’s Côté Lake gold deposit 17 The Ontario Prospector • Spring/Summer 2012 http://www.naylornetwork.com/onp-nxt/

Table of Contents for the Digital Edition of Ontario Prospector - Spring/Summer 2012

Report from the Ontario Prospectors Association
GTA Resources
Transition Metals Corp
Fairmont Resources
Tri Origin
IMP Automation
Buyers’ Guide

Ontario Prospector - Spring/Summer 2012