Sudbury Platinum Completes $2M Private Placement- Starts Drilling at Aer-Kidd – Mining Life

Sudbury Platinum Corporation (SPC) and Transition Metals Corp. announced additional financing of  $2,000,000 and the commencement of drilling at their 100% owned Aer-Kidd Project located within theSudbury mining camp.

The 2014 drill program will consist of 4,500m designed to test high-conductance electromagnetic targets identified on the Aer-Kidd Property located beneath sites of historic past production at depths between 750-1,200m (see Figure on left) . In addition to drilling, other activities will include hole cleaning and resurveying of three historic boreholes aimed at further evaluating the potential down-plunge of the past producing Robinson and Rosen Mines as well as the Howland pit.

SPC and Transition CEO Scott McLean remarked “We are pleased with the progress Sudbury Platinum has made on the Aer-Kidd Project. Acquiring a 100% interest in the project in August was an opportunity that we felt we could not pass-up. A consequence of the transaction however was a need to further capitalize the Company to enable the completion of planned drilling. We believe the Aer-Kidd Property has exceptional prospectivity for the discovery of Ni-Cu-PGM mineralization similar to Vale’s Totten Mine and KGHM’s Victoria Development.

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