Northwire Canada EditionSunday, August 2, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Drilling Initiated at Transition Metals' Polymetallic Pike Warden Project, Yukon

XTM · Price

Executive Summary

  • Transition Metals Corp. has mobilized a diamond drill to commence a targeted drilling program on the 4,100 ha Pike Warden Project in Yukon.
  • The program will test 17 drill‑ready sites within the Copper Junction target area, identified during the 2025 summer field season.
  • Drilling is expected to last three to four weeks, weather permitting, with core to be logged and sampled in Whitehorse; assay results from the summer program are still pending.

Key Details

  • Project Overview: Pike Warden sits on the northern rim of the Bennett Lake Caldera Complex, a large collapsed volcanic centre prospective for polymetallic porphyry copper and epithermal gold‑silver systems.
  • Historical Highlights: Assays to date include up to 48.1 g/t Au, 11,270 g/t Ag, 7.49 % Cu, 2.37 % Mo, 59.6 % Pb, and 2.61 % Zn from surface sampling; maiden drilling in the ERT Zone (2022) returned up to 468 g/t Ag and 0.19 g/t Au over 1.5 m intervals.
  • Drill Program Scope:
  • Diamond drill mobilized to test select, seasonally accessible targets from 17 pre‑identified sites within the Copper Junction area.
  • Multiple holes planned for fall 2025; anticipated completion in 3–4 weeks, subject to weather.
  • All core will be shipped to Whitehorse for detailed logging and assay.
  • Geophysical Context: Recent IP survey refined low‑resistivity zones and identified a broad area of elevated chargeability east of the Copper North target, with historic grab samples showing up to 5.58 % Cu & 0.76 g/t Au (historical) and 3.63 % Cu & 0.55 g/t Au (2021‑present).
  • Next Steps:
  • Monitor seasonal access conditions throughout the program.
  • Await assay results from summer rock sampling; at least two new showings identified.
  • Qualified Person: Technical content reviewed and approved by Benjamin Williams, P.Geo., Senior Geologist, Transition Metals Corp.

Notable Quotes

“We are pleased to begin drill testing some of the targets we have defined on this project. The drilling will evaluate prospective areas under cover associated with structural features linked to the Bennett Lake Caldera Complex.” – Scott McLean, President & CEO


All non‑material boilerplate, forward‑looking disclaimer text and company background sections have been omitted for brevity.

Read the original news release →

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