{"id":1150024,"date":"2019-11-15T08:15:04","date_gmt":"2019-11-15T14:15:04","guid":{"rendered":"https:\/\/www.mining.com\/?p=1006825"},"modified":"2019-11-15T08:15:04","modified_gmt":"2019-11-15T14:15:04","slug":"transition-acquires-tungsten-project-in-ontario","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1150024","title":{"rendered":"Transition acquires tungsten project in Ontario"},"content":{"rendered":"<p>Transition Metals (TSXV: XTM) acquired a 100% interest in the Fostung property located near the town of Espanola, Ontario.&nbsp;<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>In a press release, the Sudbury-based company explained that the property hosts a historic tungsten trioxide (WO<sub>3<\/sub>) skarn resource that in 2007 was stated to contain an inferred mineral resource of 12.4 million tonnes grading 0.213 wt. % WO<sub>3<\/sub>.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Transition purchased a 100% interest in 16 mining claims by issuing $25,000 in cash and $25,000 in shares to the vendor, and in another three claims by paying $5,000 in cash to the vendor<\/p>\n<\/blockquote>\n<\/figure>\n<p>Such a resource estimate was completed by SRK Consulting, whose report also presents a CIM classified inferred mineral resource of 12.4 Mt of mineral material with 0.213 wt.% WO<sub>3<\/sub> using a 0.125 wt.% cut-off based on information from 44 drill holes totalling 9,185 metres completed from 1966 to 1986.<\/p>\n<p>Transition, on the other hand, reported that its field team recently collected grab samples, which returned values of up to 0.63 wt. % WO<sub>3<\/sub>, 0.87 wt. % Cu, 0.12 wt. % Zn and 15.9 ppm Ag and demonstrate the polymetallic nature of the mineralization on the property.<\/p>\n<p>&#8220;Tungsten has been recognized as a critical metal by various countries including the USA,&#8221; Transition Metals&#8217; CEO, Scott McLean, said in the media brief. &#8220;With limited to no tungsten production in North America and the vast majority of global production coming from China, the Fostung asset is viewed as being a strategic acquisition.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian company sees the Fostung asset as a strategic acquisition.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1150024"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1150024"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1150024\/revisions"}],"predecessor-version":[{"id":1150081,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1150024\/revisions\/1150081"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1150024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1150024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1150024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}