Optimism on minerals seen seeping down to grassroots explorers – by Henry Lazenby (MiningWeekly – March 15, 2017)

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VANCOUVER (miningweekly.com) – Noting the optimism exhibited at the recent Prospectors and Developers Association of Canada (PDAC) international convention, held in Toronto, project generator Transition Metals says the fundamental shift in confidence it saw over the past year is consistent with this.

“If you look at the optimism at the conference, everyone is upbeat and excited about the months ahead. When you look at the service industry, we are just full of business right now and receiving a lot more calls right now,” Transition president and CEO Scott McLean told Mining Weekly Online in a recent interview.

“We are seeing a lot more interest in our stock and a lot more inquiries on our projects to option them. There is a fundamental difference and I feel the interest in the industry is now starting to descend down into the exploration plays as well, where we are well positioned,” he noted.

PROJECT GENERATION

McLean is an award-winning exploration geologist with more than 25 years of experience in all facets of exploration. Transition’s team of geologists includes others who have won awards for their contributions in discovering new deposits.

In total, the management team has discovered 61.7-million tonnes of combined nickel resources in the Sudbury basin, including Glencore’s Nickel Rim South mine, which alone accounts for about 17.4-million tonnes of resources and for which McLean and geophysical adviser Kevin Stevens jointly won the PDAC Prospector of the Year Award in 2004.

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