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Transition Metals Commences 2026 Exploration Program At Pike Warden Epithermal Gold-Silver and Porphyry Copper Project Yukon
Transition Metals Corp. announced the resumption of field activities at its Pike Warden Project, a district-scale epithermal gold-silver and porphyry copper property located in southern Yukon. The Project covering approximately 41 square kilometres is situated along the northern margin of the Bennett Lake Caldera Complex, one of Canada's largest collapsed volcanic centres, where geodynamic conditions are highly favourable for the development of large, polymetallic mineral systems. Work this season is primarily concentrated on the Saddles epithermal Au-Ag system targets, where previous sampling returned strong values, including: 44.5 g/t Au, 491 g/t Ag, 59.6% Pb, 0.61% Cu, 0.35% Zn, and 59.66 ppm Mo. The Saddles target hosts 4 showings known as Upper Saddle, Lead-Gold/Middle Saddle, Silver Saddle, and the ACPb Zone characterized by oxidized, rusty float trains of quartz vein material hosting base and precious metals, with the ACPb Zone being the only bedrock showing. Due to the felsenmeer and scree/talus nature that composes the landscape in the vicinity of these showings, it has been difficult to access outcropping bedrock. The current program of hand trenching and stripping is designed to expose mineralized bedrock to obtain length weighted channel samples, and to map structural controls to refine drill targets for a planned RC program. Exploration activities on the Project to date has comprised of extensive prospecting, mapping, geophysics, and geochemical sampling, including: Collection of 2,380 rock and soil samples, returning elevated Au, Ag, Cu, and Mo values. Discovery of 33 polymetallic showings, with standout assays including: 48.1 g/t Au, 11,270 g/t Ag, 7.49% Cu, 2.37% Mo. Integration of high-resolution LiDAR, multispectral and orthophoto analysis, 600+ line-km of ZTEM, and 8.9 line-km of ground IP, which have outlined five large-scale target areas on the Project, including: Porphyry Cu-Mo Target Centres: Copper Junction, Copper North, and Olympus. Epithermal Au-Ag Target systems: ERT Zone, and Saddles. By late summer of 2025, drill-ready targets had been generated at Copper Junction, Copper North, and the ERT Zone, with additional work recommended at Saddles and Olympus. In October 2025, Transition completed two diamond drill holes at Copper Junction totaling 504 m situated within accessible targets within the Copper Junction Target area. Drilling intersected favourable alteration and structural zones that will inform future work, though no significant mineralization was encountered. Follow-up activities include petrographic analysis and additional core sampling activities to better understand the geodynamic environment to aid in vectoring towards mineralization. The Pike Warden Project, located 65 kilometres south of Whitehorse, Yukon, within the traditional territory of the Carcross/Tagish First Nation, is an emerging high-grade polymetallic epithermal gold-silver and porphyry copper property. The Company owns or has the option to own 100% interest in the 203 contiguous quartz claims covering an area of approximately 41 square kilometres. The Project encompasses a combination of historic and recently discovered high-grade polymetallic occurrences, with bedrock and scree sampling across the property returning highlight values up to 11,270 g/t Ag, 48.1 g/t Au, 7.49% Cu, 59.6% Pb, 2.37% Mo, and 2.61% Zn. Furthermore, maiden drilling at the ERT Zone in 2022 returned percussion samples with highest values up to 468 g/t Ag, 0.19 g/t Au, 163.5 ppm Cu, and 1,150 ppm Zn over 1.5 metres. Mineralization appears to be spatially associated with large-scale structures, particularly at their intersections. Concentric structures interpreted as caldera collapse features are intruded by porphyritic "ring" dikes of the Bennett Lake Volcanic Complex. The second structural trend of northeast-trending structures identified across the property is believed to relate to a broader regional caldera collapse hinge zone. A combination of overlapping higher-temperature alteration styles, metal zonation, and zones of increased vein and fracture density appears to indicate a mineralizing porphyry copper system(s) exposed at varying erosional levels, interpreted to be controlled or bounded by the caldera collapse structures.