Alliance nabs coastal Nunavut gold project

Transition Metals Corp. and Nunavut Resources Corp. Nov. 30 announced the signing of an agreement with Nunavut Tunngavik Inc. for exploration of the Arcadia Bay property, an Inuit-owned parcel on the Coronation Gulf coast in Nunavut.

The property hosts Archean lode-gold style mineralization with a historical resource of 572,067 metric tons grading 9.6 grams per metric ton gold.

While this resource...