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To: Goose94 who wrote (9644)	11/2/2014 12:44:57 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Research network reaches out for deep mining projects Researchers and mining supply and services companies will have until Nov. 10 to apply for funding through the Ultra-Deep Mining Network to bring any ideas that would improve ultra-deep mining productivity or safety to reality. The Centre for Excellence in Mining Innovation (CEMI) launched the Ultra-Deep Mining Network to find practical advances that would make ultra-deep mining – deeper than 2.5 kilometres or roughly 8,000 feet – more economically viable. Thanks to contributions from the federal government and mining sector, the network has $46 million to apply to research over a five-year period. Bora Ugurgel, managing director of the Ultra-Deep Mining Network, said Thursday early enquiries into the network's call for proposals were split evenly between academics and industry partners. The network has identified four areas of research that would benefit mining at extreme depths: rock stress reduction; energy reduction; material transport and productivity; and improved human health. Ugurgel said many mining suppliers already have innovative ideas they've never gotten the chance to test or develop due to a lack of time or resources to pursue research. “They might already have the idea we're looking for,” he said. Developing technologies to mine very deep underground in an economical and safe fashion is more important than ever before, said Ugurgel. “Either we go deeper in existing ore bodies, or we find new ore bodies,” he said. In the Sudbury basin, he added, extracting deeper ore bodies seems to be the most likely way to continue mining operations in the near term. If a Sudbury mine closes, Urgurgel said, it can cost the city 300 to 400 direct jobs at the mine, and many more indirect jobs through the city supply and services cluster. The two largest mining companies in Sudbury, Vale and Glencore, have already discussed plans to extend some of their mines' lifespans by going past the 2.5-kilometre mark. In January 2014, Samantha Espley, general manager of mines and mills technical services with Vale's Ontario operations, said the company wants to reach three kilometres in depth, or nearly 10,000 feet, at Sudbury's Creighton Mine within the next decade. Creighton Mine is currently under its Phase 3 expansion, which includes the extension of the primary access ramp from 7,940 feet to 8,200 feet and the creation of three main production levels to access additional ore bodies. Glencore is completing a pre-feasibility study for its Onaping Mine, which would descend 2,700 metres. The company is also exploring a potential expansion of its flagship Nickel Rim Mine, which would also go as deep as 2,700 metres. While other mining jurisdictions, such as South Africa, have ultra-deep mines, Ugurgel said the rules and regulations in other countries differ so much from those locally, that their best practices for mining beyond 2.5 kilometres cannot be applied in Northern Ontario. For the health of miners underground, he said, mining companies will need to come up with more effective ways to handle temperatures that can get as high as 45 C at extreme depths. “Is there a way we can cool that individual instead of trying to cool the whole drift?” Ugurgel said. As mines get deeper, there is also much greater stress on the rock surrounding the drifts. New ways to reduce rock stress can make mines safer, and avoid catastrophic rock bursts. From a cost-saving perspective, developing techniques to advance underground more quickly can make deep mining projects – where costs increase with every added metre of depth – more viable. A new retractable steel canopy developed by CEMI, for example, should allow mining contractors to almost double the speed at which they create underground tunnels. Douglas Morrison, CEMI's president, said mine tunnelling is usually done in four steps. The first is to remove broken and blasted rock. The second step is to install ground support to ensure the tunnel is safe for the miners. The third step is to drill face holes into the heading, for explosives. And the final step is to bring in a piece of equipment that charges the holes with explosives. Over a 16-hour day, the sequence results in a rate of advancement of around 3.5 to four metres. “What the canopy does, is it allows us to do the ground support, the drilling of the face and the charging at the face all at the same time, underneath the protection of the canopy,” Morrison said. Early tests have shown the canopy reduces the time needed to advance up to four metres, from 16 hours to 10 hours. Urgurgel said he expects the Ultra-Deep Mining Network to come up with similar solutions through applied research projects that can be commercialized in a short amount of time. “We're very excited for this,” he said.

To: Goose94 who wrote (9644)	11/17/2014 12:07:54 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Transition Metals (XTM-V) Nov 17, '14 is pleased to announce that it has resumed drilling on its Sunday Lake discovery located 25 kilometres north of Thunder Bay, Ontario. The Sunday Lake discovery was announced on January 27, 2014 with additional results reported on June 4th and August 7th, 2014. In addition, the Company announces that it has staked a 100% interest in approximately 2,512 hectares covering the nickel, copper and platinum group metals (Ni-Cu-PGM) bearing Kitto intrusion. The Kitto intrusion is located approximately 10 kilometres west of the town of Beardmore, Ontario and has a number of similarities to the intrusion that hosts the company's Sunday Lake discovery. The Sunday Lake project is a joint venture between Transition and Impala Platinum Holdings Limited (Implats) of South Africa. Funding for the Sunday Lake project is solely provided by Implats until the completion of a feasibility study. Commenting on the exploration program, company President and CEO Scott McLean stated "We are pleased to be drilling again at Sunday Lake to further evaluate the quality and extent of the exceptional PGM mineralization outlined to date. Our developing knowledge of the geology and controls on mineralization at Sunday Lake has led us to identify the Kitto intrusion as a similarly prospective and PGM fertile target. Like Sunday Lake, Kitto has only seen a cursory amount of exploration to date. We look forward to advancing both projects and developing new partnerships around the Kitto opportunity in the coming months." About the Kitto Intrusion The Kitto intrusion is a Mesoproterozoic (1117.7 ±1.8 million year old)¹ mafic to ultramafic intrusion associated with the Midcontinent Rift (MCR). It is geochemically and temporally related to the earliest MCR magmatism, referred to as 'early-rift' type intrusions. 'Early-rift' intrusions are known to host ore grade Ni-Cu-PGM group mineralization at many locations including; Lundin's Eagle Mine (5.33 Mt @ 3.1% Ni, 2.5% Cu, 1.32 g/t PGM³), Rio Tinto's – Talon Metals, Tamarack deposit (3.8 Mt @ 1.81% Ni, 1.0% Cu, 0.67 g/t PGM (Indicated) + 3.2 Mt @ 1.22% Ni, 0.82% Cu, 0.58 g/t PGM (Inferred)5), Panoramic Resources Thunder Bay North deposit (9.83 Mt @ 2.87 g/t Pt-Eq for 0.741 Moz Pt-Eq (Indicated) + 0.53 Mt @ 2.87 g/t Pt-Eq for 0.05 Moz Pt-Eq (Inferred)4), and Transition Metals Corp's new discovery at Sunday Lake. At Kitto, Ni-Cu-PGM mineralization was first discovered at the Phoenix Prospect by the OGS in 2001 (Hart et al. 2001)² that returned up to 439 ppb combined PGM's (Pt + Pd + Au). Between 2003 and 2012, mapping and prospecting, coverage of the property by fixed and helicopter borne magnetic and electromagnetic (EM) surveys, resulted in the completion of 9 diamond drill holes totaling 2,353 metres by companies including East West Resources, Kennecott Explorations Canada (Kennecott), Mega Uranium, and Rainy Mountain Royalties. From the limited data set, the base of the intrusion is interpreted to be mineralized over a broad area. Drilling by Kennecott in 2003 in the vicinity of the Phoenix Prospect returned elevated mineralization which assayed 0.28%Ni, 0.13%Cu and 563 parts per billion (ppb) Pt+Pd over 1.22 metres in hole 03EK-02. Drilling at other locations on the property encountered additional sulphide mineralization at the base of the intrusion as well as elevated PGM concentrations in a reef style environment developed higher in the intrusive stratigraphy. About the Sunday Lake Discovery The Sunday Lake discovery is located approximately 25 km north of Thunder Bay and 25 km west of Panoramic's Thunder Bay North Ni-Cu-PGM deposit. The property covers a 3.5 km diameter circular reversely-polarized magnetic anomaly associated with a large buried mafic-ultramafic intrusion interpreted to be Proterozoic in age and related to the Midcontinental Rift (MCR). In January of 2014 the company announced that it had intersected 20.2 metres grading 3.22 combined Pt+Pd+Au or PGMs. In June the company reported assay results from a 15 metre interval containing 2.84 g/t PGMs as well as a 5.0 metre interval averaging 5.0 g/t PGM's that included a 1 metre interval containing 9.75 g/t PGMs. Drilling on the project continues to expand and define new zones of high platinum tenor mineralization with funding for the project being solely provided by Implats towards the completion of a feasibility study. In April of 2014, Transition and Implats were awarded the Bernie Schneiders Discovery of the Year Award in recognition for this discovery. Qualified Person The technical elements of this press release have been approved by Mr. Greg Collins, P.Geo. (APGO), a Qualified Person under National Instrument 43-101. 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 team is rigorous in its fieldwork, and combines traditional techniques with newer ones to help unearth compelling prospects and drill targets. Transition uses the project generator business model to acquire and advance 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 Transition to conserve capital and minimize shareholder's equity dilution. The company has an expanding portfolio that currently includes 25 gold, copper, nickel and platinum projects primarily in Ontario, Nunavut and Saskatchewan. 1 Heaman, L.M., Easton, R.M., Hart, T.R., Hollings, P., MacDonald, C.A., Smyk, M. 2007. Further refinement of the timing of Mesoproterozoic magmatism, Lake Nipigon region, Ontario, Canadian Journal Of Earth Sciences V. 44, p.1055-1086 2 Hart, T.R., terMeer, M., Jolette, C. 2002. Precambrian Geology of the Kitto-Eva-Summers-Dorothea-Sandra Townships, Northwestern Ontario, Phoenix Bedrock Mapping; Ontario Geological Survey, Open File Report 6095 ? 3 Resource reported by Lundin Mining, July 2013 NI 43-101 Technical Report on the Eagle Mine, Upper Peninsula of Michigan, USA 4 Resource reported by Panoramic Resources, Thunder Bay North deposit: 2011 JORC compliant mineral resources estimate prepared by AMEC Americas Ltd. 5 Resource reported by Talon Metals Corp, Tamarack Deposit: News Release dated September 2, 2014. SOURCE Transition Metals Corp. For further information: Further information is available at www.transitionmetalscorp.com or by contacting: Scott McLean, President and CEO, Transition Metals Corp., Tel: (705) 669-0590, info@transitionmetalscorp.com