Mr. Jean-Sebastien Lavallee of Canada Strategic reports
CJC INTERSECTS 3.54 G/T AU OVER 12.00 METRES AND 3.58 G/T AU OVER 8.55 METRES, INCLUDING 5.12 G/T AU OVER 4.05 METRES AT THE SAKAMI PROJECT
Canada Strategic Metals Inc. and Matamec Explorations Inc. have released the results from holes PT-14-81 to PT-14-83, 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 425 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 shown in the table. The last two drilling programs by Strategic Metals have confirmed and enhanced the potential of the northeast and depth extensions of zone 25, which remains open in all directions.
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 company's website.
The company has received the assay results for three additional holes, PT-14-81 to PT-14-83, 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 with 2.58 grams per tonne gold over 4.60 metres for hole PT-14-81; 1.43 g/t over 40.25 metres, including 3.58 g/t Au over 8.55 metres and 5.12 g/t Au over 4.05 metres, for hole PT-14-82; and 1.06 g/t Au over 55.50 metres, including 3.54 g/t Au over 12.00 metres for hole PT-14-83. All the mineralized intersections and assay results are shown in the table.
"The company is very pleased to have confirmed the high-grade gold potential of zone 25 (the main zone) at the Sakami project, as well as its extensions along strike and at depth, and to note that zone 25 remains open in all directions," 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 have once again confirmed the Sakami project's gold potential. We are now in the process of reviewing all the results so that we can plan the next drilling program and increase the size of zone 25."
RESULTS FROM THE RECENT SAKAMI DRILL PROGRAM
Hole From To Length Au
(m) (m) (m) (g/t)
PT-14-81 228.00 232.60 4.60 2.58
PT-14-82 231.45 271.70 40.25 1.43
including 231.45 235.50 4.05 5.12
including 231.45 240.00 8.55 3.58
including 256.85 259.00 2.15 3.83
including 267.50 271.70 4.20 2.38
PT-14-83 240.00 295.50 55.50 1.06
including 240.00 252.00 12.00 3.54
The company estimates the true width of the mineralized zone at 80 per cent
to 95 per cent of the core length.
DRILL RESULTS FROM THE SAKAMI PROJECT SINCE DECEMBER, 2013
Hole From To Length 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
PT-14-81 228.00 232.60 4.60 2.58
PT-14-82 231.45 271.70 40.25 1.43
including 231.45 235.50 4.05 5.12
including 231.45 240.00 8.55 3.58
including 256.85 259.00 2.15 3.83
including 267.50 271.70 4.20 2.38
PT-14-83 240.00 295.50 55.50 1.06
including 240.00 252.00 12.00 3.54
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 to 10 parts per million 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 the company, qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release.
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