Sudbury Platinum (SPC) and Transition Metals-the Company has an expanding property portfolio that includes 32 gold, copper, nickel and platinum projects primarily in Ontario, Nunavut and Saskatchewan, have resumption of exploration activities on their 100% owned Aer-Kidd and Lockerby East Projects located within the Sudbury mining camp. Transition is the majority shareholder of SPC and holds approximately 36% of the outstanding shares.
The 2016 Aer-Kidd exploration program will consist of approximately 18,000m of drilling designed to further test and evaluate the near-surface and deep Ni-Cu-PGM (Pt+Pd+Au) potential of the property. Other activities will include geophysical resurveying of historic boreholes aimed to generate and refine additional drilling targets at depth.
SPC has qualified for the Junior Exploration Assistance Program provided through the Ontario Prospectors Association and therefore is eligible to receive a rebate of up to $100K based on expenditures. At the Lockerby East Property a total of 10 historic holes drilled by Falconbridge Ltd and First Nickel Inc. will be resurveyed with the Lamontagne Geophysics UTEM IV borehole EM system.
The objective of the program is to screen the property for high-conductivity features associated with Ni-Cu-PGM mineralization associated with the basal contact of the Sudbury Igneous Complex (SIC). The results will be incorporated into the geological model and be used to plan future drill programs.