Canada Strategic Metals Confirms the Extension of Zone 25 at Depth & to the Northwest at the Sakami Gold Project, with 2.77 g...
February 19 2014 - 9:30AM
Marketwired
Canada Strategic Metals Confirms the Extension of Zone 25 at Depth
and to the Northwest at the Sakami Gold Project, with 2.77 g/t Gold
Over 20.50 Metres, Including 3.23 g/t Au Over 13.35 Metres
MONTREAL, QUEBEC--(Marketwired - Feb 19, 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 another drillhole from the recent drilling
campaign on the Sakami gold project. These new results confirm the
extension to the northwest and at depth of the Zone 25 envelope of
gold mineralization. Hole PT-13-68 has also resulted in the
discovery of a new gold zone at depth on the Sakami project. The
program consisted of nine holes for a total of 1,605 metres of
drilling.
The main objective of the campaign was to validate and extend
the historical zone identified by Matamec Explorations between 2000
and 2004, with a secondary objective of acquiring a better
understanding of the spatial geometry of the two known main zones
in the "La Pointe" area of the Sakami property. A table with all
the drillhole locations is shown below. A surface map showing
drillhole locations and sections can be found on the Company's
website at: www.csmetals.ca.
The Company recently received gold assay results for another
hole, PT-13-68, drilled to test the extension of Zone 25 at depth
and to the northwest. Up until now, Zone 25 appeared to narrow and
pinch out on this section. However, Hole PT-13-68 returned three
gold intersections grading 2.77 g/t Au over 20.50 metres (including
3.23 g/t over 13.35 metres and 4.71 g/t Au over 3.35 metres), 2.85
g/t Au over 2.85 metres and 1.70 g/t over 3.00 metres. The last
intersection, located between 294.00 metres and 297.00 metres
downhole, represents a new discovery. The three last metres of core
were not sent for analysis, but will be sampled and sent for
assaying as soon as possible. If the results are positive, the
Company return to Hole PT-13-68 and continue drilling to ensure
that it has intersected this new gold-bearing zone over its entire
width. All mineralized intersections and gold assay results from
the recent program received to date are shown below.
"We are very pleased to once again report positive results from
recent drilling on the Sakami project during the latest exploration
program," said Jean-Sebastien Lavallée, President and Chief
Executive Officer of Canada Strategic Metals. "We are looking
forward to receiving the results for the four 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 from the 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 Including Including |
Zone
25 |
200.50 201.65 201.65 |
221.00 215.00 205.00 |
20.50 13.35 3.35 |
2.77 3.23 4.71 |
|
New zone |
278.25 |
281.10 |
2.85 |
2.82 |
|
New zone |
294.00 |
297.00 |
3.00 |
1.7 |
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 |
* |
Core
length; the Company estimates the true width of the mineralized
zone at 80 to 95% of the core length |
** |
Mineralized zone |
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.
Canada Strategic Metals is pleased to announce that it has
retained FronTier Merchant Capital Group ("FronTier") for Investor
Relations Services. FronTier is an experienced and reputable
Investor Relations group with a home office in Toronto, Canada.
FronTier will assist the company by increasing market awareness for
Canada Strategic Metals utilizing a number of financial market
communications initiatives. The core of which will be facilitating
in-person introductions for Canada Strategic metals with
institutional and retail brokers and investors in a number of
cities across Canada, the US, Europe and Australasia. FronTier has
been retained for a six months period at $5,000 per month plus
direct expenses.
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) 904-1496(514)
904-1597ir@canadastrategicmetals.comwww.canadastrategicmetals.com
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