Transition Metals Resampling Highlights Broad Gold Intervals at Gowganda Project, Indicating Potential for a Larger Resource Opportunity Highlights from this release include: Relogging and additional sampling has identified multiple wide zones of gold (Au) mineralization
Transition Metals Resampling Highlights
Broad Gold Intervals at Gowganda Project,
Indicating Potential for a Larger Resource
Opportunity
Highlights from this release include:
Relogging and additional sampling has identified multiple wide zones of gold (Au) mineralization
exceeding 0.5 g/t Au enveloping previously drilled, but unreported high-grade intersections.
Highlights
include:
GTHM-20-035
intersected
30.10m of 0.77 g/t Au
, including
22.85m of 0.97 g/t Au
, which
includes sub-intervals of
2.00m of 2.10 g/t Au
,
4.65m of 0.81g/t Au
,
3.60m of 1.54 g/t Au
, and
2.85m of 2.76 g/t Au,
GTHM-20-034
intersected
23.00m of 0.51 g/t Au
, including
17.00m of 0.64 g/t Au
, and including
7.00m of 1.20 g/t Au
GTHM-20-033
intersected
14.14m of 0.55 g/t Au,
including
8.14m of 0.79 g/t Au
, and including
2.14m of 2.71 g/t Au
Sudbury, Ontario--(Newsfile Corp. - March 30, 2026) -
Transition Metals Corp.
(TSXV: XTM)
("Transition", "the Company"), is pleased to report results related to its relogging and additional
sampling activities around historic core from its 100% owned Gowganda Gold Project ("the Property",
"the Project"), situated along the regional Ridout-Tyrrell Deformation Zone within the prolific Abitibi
Greenstone Belt, Ontario.
Commenting on the results, CEO Scott McLean stated,
"The success of IAMGOLD's 20 Moz Côté Gold
development project has renewed the level of exploration and development activity along the Ridout
Structure.
This resurgence of activity has led us to revisit one of the company's initial gold discoveries
in the historic Gowganda silver camp.
Our recent relogging and sampling efforts support the presence
of a much broader gold system than previously recognized, with continuous mineralization in altered
host rocks and an extensive swarm of syenite dykes extending well beyond the historic high-grade
intervals.
This emerging system-scale potential, together with our improved understanding of
structural controls, will help guide more effective exploration targeting as we advance the Project."
Discussion of Resampling Results
Resampling was undertaken in early 2026 on four diamond drill holes originally drilled in 2020 while the
property was under option. At that time, exploration activities were focused on cobalt-silver (Co-Ag)
targets, and only limited sampling was completed, with no gold assays publicly reported. Following the
return of the property to Transition Metals (
see new release dated April 26, 2022
), the Company
completed a comprehensive review of the all drilling and associated data.
This work identified previously
unsampled intervals characterized by intense and laterally extensive alteration within lithologies that
exhibit strong similarities to known hosts of gold mineralization identified on surface.
Based on these
observations, a relogging and targeted resampling program was conducted, from which the current
results have been derived.
Results (Table 1) from the recent relogging and resampling of four historical drill holes (Table 2) support
the Company's evolving interpretation of the system as a broader, structurally controlled and intrusion-
hosted gold target rather than solely a high-grade, narrow-vein setting.
While high-grade intervals remain
an important component, the work has identified surrounding zones of lower grade mineralization that
demonstrate continuity within altered host rocks.
Table 1: Selected assay results from compiled and additional sampling of drill holes GTHM-20-
032 to GTHM-20-035.
Drill Hole ID
From
To
Length
Au
units
(m)
(m)
(m)
(ppm)
GTHM-20-032
108.00
116.30
8.30
0.14
including
108.00
111.00
3.00
0.25
GTHM-20-033
183.86
198.00
14.14
0.55
including
183.86
192.00
8.14
0.79
including
183.86
186.00
2.14
2.71
GTHM-20-034
40.11
42.00
1.89
0.98
GTHM-20-034
93.00
116.00
23.00
0.51
including
93.00
110.00
17.00
0.64
including
93.00
100.00
7.00
1.20
GTHM-20-034
137.00
139.00
2.00
2.54
GTHM-20-035
41.00
46.20
5.20
0.27
GTHM-20-035
69.00
71.71
2.71
1.04
GTHM-20-035
141.70
171.80
30.10
0.77
including
144.00
170.00
26.00
0.87
including
144.00
166.85
22.85
0.97
and including
144.00
146.00
2.00
2.10
and including
151.00
155.65
4.65
0.81
and including
157.40
161.00
3.60
1.54
and including
164.00
166.85
2.85
2.76
GTHM-20-035
219.00
232.50
13.50
0.39
Notes:
Lengths reported represent core length, insufficient work has been completed to determine true widths.
Individually, hole GTHM-20-032 returned only a modest increase in interval width with low-grade material,
consistent with its position off the main trend.
In contrast, hole GTHM-20-033 defined a 14.14 metre
interval of low-grade mineralization with embedded higher-grade zones, while hole GTHM-20-034
returned a broader interval of 23 metres with a similar internal grade distribution.
Hole GTHM-20-035
delivered the most compelling result, outlining a 30.10 metre interval of mineralization containing multiple
higher-grade sub-intervals, including multiple zones exceeding 0.5 g/t Au that demonstrate encouraging
internal continuity.
Table 2: Drill hole collar information.
Drill Hole ID
Easting
Northing
Azimuth
Dip
Length
units
(mE)
(mN)
(°)
(°)
(m)
GTHM-20-032
517,133
5,280,089
228°
-50°
223
GTHM-20-033
517,315
5,279,936
204°
-49°
200
GTHM-20-034
517,289
5,279,827
219°
-49°
200
GTHM-20-035
517,661
5,279,880
327°
-49°
200
Notes:
Coordinates are in UTM NAD83, Zone 17N, in metres.
Dip is reported as negative below horizontal.
Lengths reported are in metres, and
represent core length, insufficient work has been completed to determine true widths.
Collectively, these results suggest that mineralization extends beyond discrete high-grade shoots into
broader, more continuous envelopes, reinforcing the potential for a system-scale gold setting.
Observations from this work also highlight the importance of drill orientation, as the east-west
deformation corridor hosting the target lithological units appears to contain north-south oriented
auriferous extensional veins.
As such, certain historical holes may not have optimally intersected the
mineralized envelope, an important consideration for future drill targeting and program design.
Next Steps
The Company continues to advance exploration across the Property, with a focus on further defining
mineralization identified at surface and in previous shallow drilling.
A robust and growing geoscience
database is being leveraged to enhance understanding of the alteration, mineralogical, and structural
controls on mineralization.
Building on this work, several priority target areas have been identified for additional field follow up.
These include prospective offset structural zones and areas supported by strong geoscientific indicators.
Ongoing efforts are aimed at refining targets and improving the overall geological model to support an
efficient, well-informed, and targeted exploration drill program which is planned for the upcoming
summer field season.
About the Gowganda Gold Project
The Gowganda Gold Project is a road-accessible, district-scale property located beside the community
of Gowganda, Ontario, along Highway 560, roughly 75 km southwest of Kirkland Lake in the Abitibi
Greenstone Belt.
The Property covers a large, contiguous land package within the historic Gowganda
Silver-Cobalt Camp and benefits from strong infrastructure and year-round access.
Transition has held
the property since 2010, following its discovery of multiple high-grade gold occurrences along a 2 km
structural corridor (
see news release dated February 17, 2011
).
Work by Transition and partners has
included IP surveys, soil sampling, mapping, mechanical stripping and channel sampling, and 65 shallow
drill holes totaling 8,741 metres targeting both Archean-hosted gold and silver-cobalt mineralization in
overlying embayment rocks.
The property is underlain by prospective Archean greenstones beneath Proterozoic cover of the Cobalt
Embayment and lies near the Ridout-Tyrrell Deformation Zone, a major regional control on gold
mineralization.
Gold occurs within altered syenitic intrusions and structurally controlled quartz-vein
systems, ranging from visible-gold-bearing veins to broader zones of continuous low- to moderate-grade
mineralization.
Previous drilling returned notable gold intercepts such as 2.37 g/t Au over 7.06 metres,
82.5 g/t Au over 0.4 metres, and 1.63 g/t Au over 11.52 metres (
see new release dated April 6, 20217
) ,
as well as high-grade silver-cobalt intervals including 4.75 metres of 1,475 g/t Ag (with 0.50 metres of
13,948 g/t Ag and 0.18% Co) along with
additional multi-hundred-gram silver intercepts (
see news
release dated April 26, 2022
), close to
Nord Precious' Castle East deposit.
Exploration to date has outlined a widespread gold system over at least 5.0 km of strike, confirmed at
surface and by shallow drilling.
The Haultain Gold Zone, discovered in 2010, remains a key focus and
has been advanced through mapping, geophysics, trenching, and drilling.
Collectively, results define a
robust, structurally controlled system with growing evidence for a larger, continuous gold-bearing corridor
that remains open along strike and at depth, underscoring the district-scale potential of the Project.
Data Verification, Sampling Procedures & QA/QC
The Company follows rigorous sampling and analytical protocols that meet or exceed industry standards.
Core samples are stored in a secured area until transport in batches to the ALS facility in Sudbury,
Ontario, Canada.
Sample batches include certified reference materials, blank, and duplicate samples
that are then processed under the control of ALS Laboratories, an independent lab located in North
Vancouver, B.C.
The quality system used by ALS Laboratories meets all requirements of International
Standards ISO/IEC 17025: 2005 and ISO 9001:2015.
All samples are analyzed by ALS Chemex in Vancouver, British Columbia.
Gold (Au) assays are
determined using standard fire assay and ICP-AES finish, with select trace elements determined by a
standard four-acid digestion followed by an ICP-MS finish.
In the case of Au over limits, Au is further
determined by fire assay and gravimetric finish.
Certified reference materials, blanks, and quarter-core
duplicates are routinely inserted into the sample stream, with control samples comprising a minimum of
ten percent of all submitted samples to monitor accuracy and precision.
Qualified Person
The technical elements of this news release have been approved by Mr.
Benjamin Williams, P.Geo.
(PGO), Exploration Manager of Transition Metals Corp., and a Qualified Person under National
Instrument 43-101.
About Transition Metals Corp.
Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer.
Its award-winning
team of geoscientists has extensive exploration experience which actively develops and tests new ideas
for discovering mineralization in places that others have not looked, often allowing the company to
acquire properties inexpensively.
Joint venture partners earn an interest in the projects by funding a
portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize
shareholder's equity dilution.
Further information is available at
www.transitionmetalscorp.com
or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 667-6178
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290400