Transition Metals Corp. and Sudbury Platinum Corporation announced initial borehole geophysical results from the Aer-Kidd Project, located in the prolific Sudbury Basin. The surveys to date have identified two new highly conductive drill ready targets in addition to several other highly prospective electromagnetic (EM) drill targets.

The 2013 Program; Ni-Cu-PGM massive sulphide orebodies of Sudbury Igneous Complex (SIC) are highly conductive. The portion of the Worthington Offset Dyke that transects the Aer-Kidd Property has been subject to previous geophysical investigation from surface and boreholes. As part of a review of this work SPC identified eleven historic drillholes to be re-surveyed.

Of that total, six were re-surveyed with the Lamontagne UTEM IV (TM) borehole electromagnetic system (BHEM) in 2013. The high priority targets were identified in hole W03-08W2. This hole was drilled by CaNickel formerly Crowflight Minerals (CML) in 2004 and was designed to test the offset dyke at a vertical depth of approximately 1,000 metres between the past-producing Robinson Mine and the Howland Pit.

Due to excessive deviation during drilling, the hole failed to intersect the target dyke at depth. Resurveying of the hole in December 2013 by SPC revealed two highly conductive targets coincident with the offset dyke, 700 metres and 1,050 metres downhole. Target A: At 790 metres depth, an extremely conductive off-hole anomaly is logged in W03-08W2.

The nearest edge of this feature is located approximately 20-30 metres up-dip and west of the hole and is modelled parallel to the dip of the offset dyke. The source conductor is estimated to extend upwards 220 metres in dip extent and 160 metres in strike extent. Target B: From 1,050 metres to end of hole (1,200 metres), a building high conductivity off-hole conductor is evident in the survey profile.

This strong conductor is sub-vertically oriented, and the vertical extent could exceed 400 metres down-dip and 200 metres of strike extent. Both conductors are located within the down-plunge projection of the historic Howland Pit, which in 1914 produced 486 tons grading 5.1% Ni and 2.1% Cu. Drilling by CML in 2001 intersected narrow high-grade mineralization beneath the former pit in hole AE-13 that graded 4.43% Ni, 6.95% Cu and 23g/t Pt+Pd+Au or PGM over 0.20 metres.

Underground drilling in the 1960's from the 950 foot level (290 metre) exploration drift returned 30 metres averaging 0.33% Ni and 1.3% Cu (U9-E23) in close proximity to the up-dip edge of Target A. Based on the location of the targets relative to the historical drilling it is anticipated that these targets can be tested efficiently by wedging off existing historical holes. In addition to targets A and B, eleven additional conductive targets have been modelled from the data collected. These targets are located within the down-plunge projection of known historic ore zones and some have known more recent drill intersections associated with the targets.