Transition spins out early-stage Abitibi greenstone belt projects

TSX-V-listed Transition Metals has established a new subsidiary Canadian Gold Miner (CGM) Corporation to advance and finance a portfolio of high-quality gold exploration projects in the southern Abitibi greenstone belt in Canada. CGM would buy Transition Metals’ interest in a portfolio of five early-stage gold exploration projects – West Matachewan, Jumping Moose, Elephant Head, Golden Elk and New Kirkland – totalling 5 952 ha in the Larder Lake mining district of Ontario, in exchange for 15-million CGM shares.