The latest update is out from Transition Metals ( (TSE:XTM) ).
Transition Metals Corp and Aurum Lake Mining have provided an update on the Homathko Gold Project in British Columbia. Aurum has completed work programs that confirm the gold potential and identify new exploration targets, Morris South and East Copper. These findings suggest significant mineralization potential, with indicators of a porphyry copper system and high-sulfidation epithermal mineralization. Aurum has paid Transition Metals $120,000 and incurred $150,000 in exploration expenditures. They plan to continue exploration, including drill testing and expanded surveys, under an amended Option Agreement.
More about Transition Metals
Transition Metals Corp is involved in the mining industry, focusing on the exploration and development of mineral properties. Their primary products include gold and other valuable minerals, with a market focus on expanding their mineral claims and identifying new exploration targets.
YTD Price Performance: -20.0%
Average Trading Volume: 81,001
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.86M
For a thorough assessment of XTM stock, go to TipRanks’ Stock Analysis page.