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...