01:17:46 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 65,657,905
Close 2014-07-02 C$ 0.08
Market Cap C$ 5,252,632
Recent Sedar Documents

Canada Strategic, Matamec drill 48.2 m of 2.51 g/t Au

2014-07-03 10:13 ET - News Release

Also News Release (C-MAT) Matamec Explorations Inc

Mr. Jean-Sebastien Lavallee of Canada Strategic reports

CJC INTERSECTS 2.51 G/T AU OVER 48.20 METRES, INCLUDING 6.93 G/T AU OVER 12.00 METRES AND 11.30 G/T AU OVER 6.00 METRES AT THE SAKAMI PROJECT

Canada Strategic Metals Inc. and Matamec Explorations Inc. have released the results from holes PT-14-76 to PT-14-80, drilled in March and April during the latest exploration program on the Sakami gold property. The new results confirm the extension of the zone 25 gold mineralization envelope to the west, to the northwest and at depth. The recent results also confirm that the contact corridor between the Opinaca-La Grande volcano-sedimentary subprovinces is fertile for significantly enriched gold mineralization. This horizon has now been traced over a strike length of more than 200 metres and to a depth of more than 375 metres along its plunge. The latest drilling program on the Sakami property consisted of a total of 2,913 metres in 11 holes; results for the last three holes, drilled along strike and plunge from hole PT-14-79, are still pending.

The program was aimed at increasing the size of the main gold zone (zone 25) to the west-northwest as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. The program completed the testing of zone 25 over a strike length of more than 200 metres and to a depth of over 425 metres along its plunge. The holes were spaced at 50 metres. A map showing the hole locations can be found on the Canada Strategic's website.

The company has received the assay results for five additional holes, PT-13-76 to PT-13-80, drilled in March and April as part of the program. These holes were planned to test the extension of the mineralized zone to the west and northwest, as well as downdip. They all returned gold-bearing intersections with significant gold grades, particularly hole PT-14-79, which returned 2.51 grams per tonne gold over 48.20 metres, including 6.93 g/t over 12.00 metres, 11.35 g/t Au over six metres and 3.06 g/t Au over 7.50 metres. All the mineralized intersections and assay results received to date are shown in the tables.

"Our company is very pleased to confirm the potential for high-grade gold zone at the Sakami project as well as the extension of the main zone, zone 25, at depth and along strike," said Jean-Sebastien Lavallee, president and chief executive officer of Canada Strategic Metals. "It is also encouraging to see the presence of multiple parallel, highly anomalous gold zones confirmed. The positive drill results from the last exploration program once again confirm the Sakami project's gold potential. We are looking forward to receiving the results for the last three holes, drilled 50 metres south, and 50 and 100 metres west-northwest, of hole PT-14-79, along its plunge."

The company will release the results for holes PT-14-81 to PT-14-83 as soon as they have been received and compiled.

        MINERALIZED INTERSECTIONS FROM THE RECENT DRILLING PROGRAM 

Hole                              From          To      Length(i)       Au
                                    (m)         (m)         (m)       (g/t)

PT-14-76                        180.00      183.00        3.00        1.57
                                198.00      199.50        1.50        1.36
PT-14-77                        103.50      104.70        1.20        1.33
                                129.00      130.50        1.50        1.98
                                153.00      154.50        1.50        1.00
                                165.00      168.00        3.00        1.65
                                174.00      176.00        2.00        1.46
                                180.00      182.25        2.25        2.02
PT-14-78                        193.50      195.00        1.50        1.37
                                208.50      213.00        4.50        2.15
PT-14-79                        188.00      236.20       48.20        2.51
including                       188.00      200.00       12.00        6.93
including                       190.00      196.00        6.00       11.35
including                       202.50      207.00        4.50        1.33
including                       226.50      234.00        7.50        3.06
PT-14-80                        157.50      163.50        6.00        1.03
                                179.00      181.75        2.75        2.08
                                187.50      190.50        3.00        2.32
                                201.00      202.00        1.00        1.28
                                203.00      204.00        1.00        3.11

(i) Core length; the company estimates the true width of the mineralized 
zone at 80 per cent to 95 per cent of the core length.

    MINERALIZED INTERSECTIONS FROM HOLES DRILLED SINCE DECEMBER, 2013
 
Hole                              From          To      Length(i)       Au
                                    (m)         (m)         (m)       (g/t)
 
PT-13-64                         68.85       69.90        1.05        1.27
                                171.00      171.50        0.50        3.62
PT-13-65                        112.50      138.00       25.50        3.03
including                       126.00      138.00       12.00        4.00
PT-13-66                        109.95      125.40       15.45        1.18
PT-13-67                        126.90      154.85       27.95        3.78
including                       132.25      154.85       22.60        4.01
including                       138.00      145.00        7.00        7.21
PT-13-68                        200.50      221.00       20.50        2.77
including                       201.65      215.00       13.35        3.23
including                       201.65      205.00        3.35        4.71
                                278.25      281.10        2.85        2.82
                                294.00      297.00        3.00        1.70
PT-13-69                        213.05      226.50       13.45        1.32
PT-13-70                         78.75       99.00       20.25        1.27
including                        78.75       86.00        7.25        2.22
PT-13-71                         49.10       51.65        2.55        2.06
                                102.00      121.50       19.50        2.97
including                       107.40      121.50       14.10        3.78
including                       112.00      121.50        9.50        3.95
PT-13-72                        112.50      130.40       17.90        2.24
including                       112.50      119.00        6.50        3.65
PT-14-73                        150.65      172.50       21.85        1.46
including                       160.50      172.50       12.00        2.16
PT-14-74                        237.65      264.00       26.35        2.30
including                       243.70      252.50        8.80        3.80
including                       247.70      252.50        4.80        5.18
PT-14-75                        274.05      281.20        7.15        2.40
PT-14-76                        180.00      183.00        3.00        1.57
                                198.00      199.50        1.50        1.36
PT-14-77                        103.50      104.70        1.20        1.33
                                129.00      130.50        1.50        1.98
                                153.00      154.50        1.50        1.00
                                165.00      168.00        3.00        1.65
                                174.00      176.00        2.00        1.46
                                180.00      182.25        2.25        2.02
PT-14-78                        193.50      195.00        1.50        1.37
                                208.50      213.00        4.50        2.15
PT-14-79                        188.00      236.20       48.20        2.51
including                       188.00      200.00       12.00        6.93
including                       190.00      196.00        6.00       11.35
including                       202.50      207.00        4.50        1.33
including                       226.50      234.00        7.50        3.06
PT-14-80                        157.50      163.50        6.00        1.03
                                179.00      181.75        2.75        2.08
                                187.50      190.50        3.00        2.32
                                201.00      202.00        1.00        1.28
                                203.00      204.00        1.00        3.11
 
(i) Core length; the company estimates the true width of the mineralized 
zone at 80 per cent to 95 per cent of the core length.

The 2014 drilling program was managed by Consul-Teck Exploration of Val d'Or, Que., which designed the drilling campaign, supervised the program, and logged and sampled the core.

Consul-Teck Exploration implemented quality assurance/quality control procedures to ensure best practices in core sampling and analysis. 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, Que. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30-gram sample (0.01 part per million to 10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

Jean-Sebastien Lavallee (OGQ No. 773), geologist, shareholder, president and chief executive officer of Canada Strategic Metals, qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release.

© 2024 Canjex Publishing Ltd. All rights reserved.