XTM Transition Metals Corp

SUDBURY, ON, Sept. 14, 2017 /CNW/ - Canadian Gold Miner Corp ("CGM", the Company) and Transition Metals Corp. (XTM – TSX.V, "Transition") present new sampling results from CGM's South Kirkland project. Assay results from 32 grab samples collected in the vicinity of the Cook showing returned gold values ranging from <0.001 to 8.130 g/t Au (see Table 1). The Cook showing is the second of 7 gold mineralized zones that the Company has identified in the southeastern portion of the South Kirkland project located 10 kilometres southeast of Larder Lake Ontario. Figure 1 shows the location of the Cook showing within an outline of CGM's south Kirkland project area (as denoted in dark green).  Figure 2 illustrates sample locations and values. Grab samples are selective samples and are not necessarily representative of the mineralization hosted on the property or from this showing.

Transition owns 50% stake in Canadian Gold Miner.

CGM CEO Greg Collins, P.Geo commented, "At the Cook showing we have exposed a strong  alteration system along an open strike length of >100m in areas of historical exploration trenches that have not been worked since the 1930's due to difficulty in accessing this remote part of the property. We are currently trenching this showing to further evaluate the potential of this very prospective gold system near the Lincoln-Nipissing Break."

Cook Showing:

Located approximately 5 kilometres west of the Lafond deposit (see news release of July 27, 2017), the Cook showing consists of a series of northeast-trending quartz stringers ranging from 2 to 30 centimetres in width and hosting trace amounts of pyrite, molybdenite, and galena exposed along the length of a 42.6 metre long historical trench. Four historical samples from the trench returned 3.13 to 5.6 g/t Au over 0.4 to 1.34 metres¹. In 1992, sampling by Cameco Gold Inc. returned grab sample values ranging from 0.07 g/t Au to 16.63 g/t Au. In 2013, Gold Fields Limited reported a 17.8 g/t gold assay in a grab sample from the same mineralized exposure².

¹Source: ODM Annual Report V. 56 pt.2, 1949
²Source 2013 Goldfields Exploration Assessment Report: MNDM Afri#20000007901

South Kirkland Exploration Plans

The Company is continuing to work on the current exploration program of mechanical trenching, detailed mapping, and channel sampling which is scheduled for completion within 10 days.  Following completion of the current program and review of data from the trenching work now in progress, the Company intends to initiate a 1,500 to 3,500 metre diamond drilling program on targets generated at the Lafond and Cook showings.

Table 1. Cook Surface Mapping Samples

About Canadian Gold Miner Corp

Canadian Gold Miner Corp. is a Canadian private corporation focused on exploring for gold in the Larder Lake Mining District near Kirkland Lake. The Company was founded by Transition to leverage its data, expertise and extensive portfolio of high quality gold projects within the district. CGM has assembled a dominant land position in excess of 165 square kilometres around the Cadillac Larder, Lincoln-Nipissing and Ridout structures in the southwestern part of the prolific Abitibi Greenstone belt in Ontario. The Abitibi Greenstone belt is Canada's most prolific gold district with excellent mining infrastructure in place.

About Transition Metals Corp

Transition Metals Corp. (XTM -TSX.V) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries. The award-winning team of geoscientists has extensive exploration experience in established, emerging and historic mining camps, and actively develops and tests new ideas for discovering mineralization in places that others have not looked, which often allows the company to acquire properties inexpensively. The company has an expanding portfolio that currently includes gold, copper, nickel and platinum projects primarily in Ontario, Nunavut, Northwest Territories, British Columbia, Saskatchewan and Minnesota that it seeks to advance through funding partnerships and subsidiary companies to maximize shareholder value. Transition Metals presently own approximately 50% of Canadian Gold Miner.

Qualified Person

The technical elements of this press release have been approved by Mr. Thomas Hart, P.Geo., V.P. Exploration for Canadian Gold Miner and a Qualified Person under National Instrument 43-101. All core samples were collected by Company representatives under the supervision of the Qualified Person and transported directly by the company to the lab. Transition Metals employs in-house QA/QC procedures that conform to industry best practices. All analytical work was conducted at ALS-Chemex with sample preparation in Sudbury, Ontario and analyses in North Vancouver, B.C. The quality system used by ALS-Chemex complies with international standards ISO 9001:2000 and ISO 17025:2005.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Transition Metals Corp.