Canada Strategic Metals Once Again Intersects a Wide Gold-Bearing Zone with 3.78 g/t Gold Over 27.95 Metres, Including 7.21 g...
February 11 2014 - 8:07AM
Marketwired
Canada Strategic Metals Once Again Intersects a Wide Gold-Bearing
Zone with 3.78 g/t Gold Over 27.95 Metres, Including 7.21 g/t Au
Over 7.00 Metres at the Sakami Gold Project
MONTREAL, QUEBEC--(Marketwired - Feb 11, 2014) - Canada
Strategic Metals Inc. ("Canada Strategic Metals" or "the Company")
(TSX-VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec
Explorations Inc. (TSX-VENTURE:MAT)(OTCQX:MHREF) are pleased to
announce results from two more drill holes from the recent drilling
campaign on the Sakami gold project. These new results confirm the
intersection of a wide gold-bearing zone at Sakami. Nine holes were
drilled during the program, for a total of 1,605 metres.
The objective of the campaign was to validate and extend the
historical zone identified by Matamec Explorations between 2000 and
2004 and acquire a better understanding of the spatial geometry of
the two main zones in the La Pointe area. A table with the drill
holes collar locations is present below.
The Company has received gold assay results for two mores holes,
PT-13-66 and PT-13-67, drilled to test and extend the intersection
obtained in historical hole EX-22 and recent hole PT-13-65. Holes
PT-13-66 and PT-13-67 intersected a mineralized zone that returned
1.18 g/t Au over 15.45 metres from Hole PT-13-66 and 3.78 g/t Au
over 27.95 metres, including 4.01 g/t over 22.60 metres and 7.21
g/t Au over 7.00 metres, from Hole PT-13-67. The mineralized
intersections and gold assay results from the recent program are
shown below, along with the historical drill results.
"The Company is very pleased that all the recent drill results
from its last exploration program confirm the quality and potential
of the Sakami project," said Jean-Sebastien Lavallée, President and
Chief Executive Officer of Canada Strategic Metals. "We are looking
forward to receiving the results for the five other holes drilled
during the program."
The Company will release the results for the remaining holes as
soon as they have been received and compiled.
TABLE OF MINERALIZED INTERSECTIONS OF THIS RECENT DRILLING
CAMPAIGN
Hole # |
Type |
From (m) |
To (m) |
Length* (m) |
Gold g/t |
PT-13-64 |
New zone |
68.85 |
69.90 |
1.05 |
1.27 |
PT-13-64 |
New zone |
171.00 |
171.50 |
0.50 |
3.62 |
PT-13-65 Including |
Zone 25 |
112.50 126.00 |
138.00 138.00 |
25.50 12.00 |
3.03 4.00 |
PT-13-66 |
Zone 25 |
109.95 |
125.4 |
15.45 |
1.18 |
PT-13-67 Including Including |
Zone 25 |
126,90 132.25 138.00 |
154,85 154.85 145.00 |
27,95 22.60 7.00 |
3.78 4.01 7.21 |
PT-13-68 |
Zone 25 |
209.8 |
221 |
11.2** |
Pending |
PT-13-69 |
Zone 26 |
141.45 |
150 |
8.55** |
Pending |
PT-13-69 |
Zone 25 |
192.85 |
199.6 |
6.75** |
Pending |
PT-13-70 |
Zone 25 |
65.4 |
85.5 |
20.1** |
Pending |
PT-13-71 |
Zone 26 |
48.9 |
61 |
12.1** |
Pending |
PT-13-71 |
Zone 25 |
102 |
118.5 |
16.5** |
Pending |
PT-13-72 |
Zone 26 |
49.2 |
66.2 |
17** |
Pending |
PT-13-72 |
Zone 25 |
107.9 |
130 |
22.1** |
Pending |
* |
Length along the core. The Company estimates the true width of the
mineralized zone at 80 to 95% of the width intersected in the drill
holes. |
** |
Mineralized zone |
TABLE OF DRILLHOLE COLLAR LOCATIONS
Hole # |
Easting (UTM) |
Northing (UTM) |
Elevation (m) |
Length (m) |
Bearing (°) |
Dip |
PT-13-64 |
375659 |
5894756 |
188.00 |
189.00 |
310 |
-50 |
PT-13-65 |
375444 |
5895111 |
203.00 |
150.00 |
45 |
-45 |
PT-13-66 |
375444 |
5895111 |
203.00 |
135.00 |
60 |
-51 |
PT-13-67 |
375408 |
5895130 |
203.00 |
159.00 |
62 |
-45 |
PT-13-68 |
375324 |
5895111 |
206.00 |
325.00 |
66 |
-70 |
PT-13-69 |
375338 |
5895108 |
206.00 |
282.00 |
70 |
-53 |
PT-13-70 |
375505 |
5895110 |
195.00 |
120.00 |
25 |
-60 |
PT-13-71 |
375443 |
5895135 |
192.00 |
132.00 |
46 |
-60 |
PT-13-72 |
375443 |
5895135 |
192.00 |
138.00 |
46 |
-67 |
TABLE OF HISTORICAL DRILL RESULTS ON LA POINTE SECTOR
Zone 25 selected intersections:
Hole # |
Au (g/t) |
Length* (m) |
From (m) |
To (m) |
EX-1 |
2.38 |
7.9 |
91.9 |
99.8 |
EX-2 |
1.97 |
19.85 |
11.15 |
31 |
EX-3 |
2.13 |
10.2 |
49.8 |
60 |
EX-5 |
2.12 |
6 |
72 |
78 |
EX-9 |
2.93 |
4 |
125 |
129 |
EX-10 |
2.51 |
54.65 |
18.35 |
73 |
including |
3.52 |
14 |
43 |
57 |
EX-13 |
2.96 |
8.25 |
160.5 |
168.75 |
EX-17 |
1.74 |
10.65 |
155.65 |
166.3 |
EX-18 |
2.04 |
11.52 |
228.05 |
239.57 |
EX-22 |
4.16 |
21 |
74.25 |
95.25 |
including |
6.4 |
12.67 |
77.28 |
89.95 |
EX-23 |
3.6 |
7.45 |
186.55 |
194 |
EX-25 |
2.72 |
17.85 |
133.1 |
150.95 |
EX-27 |
1.17 |
8.2 |
162.75 |
170.95 |
EX-28 |
2.08 |
3.26 |
71.16 |
74.42 |
1.98 |
3.73 |
148.59 |
152.32 |
EX-29 |
2.09 |
19.5 |
190.5 |
210 |
3.43 |
1.5 |
273.5 |
275 |
EX-31 |
2.39 |
30.19 |
110.81 |
140 |
including |
8.03 |
3.82 |
132.14 |
135.96 |
EX-32 |
1.72 |
22.3 |
117.97 |
140.1 |
including |
2.17 |
12.16 |
127.94 |
140.1 |
12.23 |
0.5 |
130.64 |
131.14 |
3.43 |
3.16 |
136.94 |
140.1 |
EX-33 |
4.95 |
2 |
243.25 |
245.25 |
3.34 |
3.45 |
260.91 |
264.36 |
EX-44 |
1.51 |
6.09 |
169.47 |
175.56 |
* |
Length along the core. The Company estimates the true width of the
mineralized zone at 80 to 95% of the width intersected in the drill
holes. |
Zone 26 selected intersections:
Hole # |
Au (g/t) |
Length * (m) |
From (m) |
To (m) |
EX-19 |
9.22 |
12.55 |
53.8 |
66.35 |
including |
13.67 |
7.35 |
58.25 |
65.6 |
EX-20 |
4.07 |
1.35 |
66.75 |
68.1 |
EX-31 |
2.75 |
1.5 |
63.79 |
65.29 |
EX-32 |
2.53 |
1.5 |
64.29 |
65.79 |
3.41 |
1.5 |
69.82 |
71.32 |
EX-48 |
1 |
9 |
49 |
58 |
EX-49 |
2.69 |
3 |
64 |
67 |
* |
Length along the core. The Company estimates the true width of the
mineralized zone at 80 to 95% of the width intersected in the drill
holes. |
The 2013 drilling program was managed by Consul-Teck Exploration
of Val-d'Or, Quebec, who designed the drilling campaign, supervised
the program and logged and sampled the core.
Consul-Teck Exploration implemented QA/QC procedures to ensure
best practices in sampling and analysis of the core samples. The
drill core was logged and then split, with one-half sent for assay
and the other retained in the core box as a witness sample.
Duplicates, standards and blanks were inserted regularly into the
sample stream.
The samples in secure tagged bags were delivered directly to the
analytical facility for analysis. In this case, the analytical
facility was the Bourlamaque Ltee laboratory in Val-d'Or, Quebec.
The samples are weighed and identified prior to sample preparation.
All samples are analyzed by fire assay with AA finish on a 30g
sample (0.01-10 ppm Au), with a gravimetric finish for assays over
10 ppm Au.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and
President and Chief Executive Officer of the Company and a
Qualified Person under NI 43-101, has reviewed and approved the
technical content of this release.
About Matamec Explorations
Matamec Explorations Inc. is a mining exploration company whose
focus is developing the Kipawa HREE deposit with TRECan, with the
goal of supplying Toyota with HREEs for the production of hybrid
and electric cars. The company is exploring 35 km of strike length
in the Kipawa Alkalic complex for rare
earths-yttrium-zirconium-niobium-tantalum mineralization on its
Zeus property. Matamec is also exploring for gold at its Matheson
joint-venture property, which is located along strike and in close
proximity to the Hoyle Pond mine in Timmins, Ontario. In Quebec,
the company is exploring for lithium and tantalum on its Tansim
property and for precious and base metals on its Sakami, Valmont
and Vulcain properties. For more information, please visit
www.matamec.com.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the
exploration and development of a number of projects covering over
20,000 hectares in Quebec. With broad management experience in
green technology and junior resource exploration and development,
Canada Strategic Metals is well positioned to aggressively advance
this promising property portfolio for its shareholders.
For more information on the Company, please visit
www.csmetals.ca.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Jean-Sebastien Lavallee, P. GeoPresident & Chief Executive
Officer819-354-5146Paradox Public Relations514-341-0408Corporate
Office:514-904-1496514-904-1597ir@canadastrategicmetals.comwww.canadastrategicmetals.com
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