TRANSITION METALS CORP; PROJECT GENERATION LEADING TO NEW PGM DISCOVERIES
by Scott McLean, P.Geo. President & CEO, Transition Metals Corp
Sponsored by Mark Francis – CSE (CANADIAN SECURITIES EXCHANGE)
This talk will describe the Project Generation business model of Transition Metals Corp that has led to new important Platinum Group Metals (PGM) discoveries in Ontario. The Project Generation business model minimizes shareholder equity dilution by focusing on selling interests in its property assets rather than selling ownership in the company’s equity. The Company currently has 25 projects across the country with a focus on base and precious metal exploration.
Recently the Company’s market value has increased significantly as a result of a new discovery of PGM mineralization in the Mid-Continental rift of North America at Sunday Lake and identification of top quality targets at the Company’s brownfields Aer-Kidd project in Sudbury. At Sunday Lake, drilling of a little explored but prominent reversely polarized magnetic anomaly in northwestern Ontario has discovered a zone of sulphide hosted PGM mineralization. The drilling targeted a circular, reversely polarized anomaly and discovered a buried, mineralized mafic- ultramafic intrusion.
In the Sudbury mining camp, Transition Metals entered into an agreement with CaNickel Mining Company to earn a 70% interest in the Aer-Kidd project. Subsequently Transition spun the project out to its subsidiary, Sudbury Platinum Corporation that has raised additional funding to explore the property. The property was mined in the late 1960’s but recent borehole geophysics has identified key non-decaying, channel one, electromagnetic anomalies that represent top quality drill targets down dip of the historic mine. The property is sandwiched between the camp’s newest mine, Vale’s Totten mine that was put into Commercial Production in the 4th Quarter of 2013 and KGHM’s Victoria deposit that is currently being developed.
Scott McLean, P.Geo., FCG., graduated from the University of Western Ontario in 1985. Between 1985 and 2007 Scott worked for Falconbridge Limited and its successor Xstrata Nickel in various capacities throughout Canada with a focus on base metal exploration. In 2001, he transferred to Sudbury and assumed responsibility for the exploration investment in the Sudbury Camp. Scott’s achievements during this period were exemplified by the co-discovery of the Nickel Rim South mine for which he received the PDAC Bill Denis, “Prospector of the Year” award in 2005.
In 2007, Scott left Xstrata Nickel and founded HTX Minerals Corp. Then in 2010 he founded Transition Metals Corp and more recently Sudbury Platinum Corporaton in 2013. Scott currently leads Transition Metals and Sudbury Platinum as President & CEO and Chairman of both boards of Directors. In 2013, the Transition Metals team was award the Ontario Discoverer’s of the Year award for its new platinum discovery at Sunday Lake.
Throughout his career, Scott has continued to be involved with community service that includes leadership roles within various interest groups. He is also has represented the industry and profession in many capacities and most notably was appointed to the Transitional Counsel of the Association of Professional Geoscientists of Ontario in 2001 and helped craft the Professional Geoscientists’ Act and structure the Association of Professional Geoscientists of Ontario. Scott was latter elected to Association council in 2003 and led it as its elected President in 2005-2006