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Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 75,039,155
Close 2016-04-22 C$ 0.055
Market Cap C$ 4,127,154
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Cda Strategic, Matamec's Sakami shows "gold potential"

2016-04-25 11:17 ET - News Release

Also News Release (C-MAT) Matamec Explorations Inc

Mr. Jean-Sebastien Lavallee of Canada Strategic reports

CANADA STRATEGIC METALS INC.: REGIONAL SETTING OF THE SAKAMI GOLD PROPERTY

Canada Strategic Metals Inc. and Matamec Explorations Inc. have found that the La Pointe zone of the Sakami property shows evidence of significant gold potential. The property covers a major geological contact between two subprovinces that are very favourable for hosting gold deposits. This geological setting comprises the Opinaca sediments, the La Grande mafic volcanics and iron formations in association with a strong deformation zone, notably near the tectonic contact of the La Grande and Opinaca subprovinces. The mineralization style and tectonic setting share considerable similarities with the Eleonore mine held by Goldcorp and the Cheechoo showing held by Sirios Resources, such as:

  • The mineralization associated with silicified paragneiss containing fine quartz veinlets;
  • An alteration of quartz and brown tourmaline with minor arsenopyrite mineralization;
  • An association of gold mineralization with a very proximal tonalite intrusion;
  • The presence of gold mineralization associated with silicified paragneiss of the Opinaca basin, including fold structures.

The reader is cautioned that there is no guarantee that mineralization of the grade reported on the Cheechoo deposit will be identified on the company's Sakami project.

Recently, Sirios Resources announced significant gold results on the Cheechoo project with an intersection of 12.08 grams per tonne gold over 20.3 metres (see press release of March 29, 2016, by Sirios Resources), as well as the closing of a private placement with Goldcorp in the amount of $962,000 (see press release of Feb. 23, 2016).

Significant gold potential in the La Pointe zone (Sakami property)

The most significant drill hole intervals of the La Pointe zone are located along the northwest limit of the model, which remains open in that direction. Recent remodelling of the La Pointe zone revealed two superimposed main structures (vein 22 and 25), which have a relatively predictable continuity, as well as potential for additional veins.

The attached table shows the best results of drilling to date on the La Pointe sector (these results have been already disclosed by press release on June 9, 2015).

Hole No.                   From             To      Length (i)            Au 
                             (m)            (m)            (m)          (g/t)
 
PT-13-65                 112.50         138.00          25.50           3.03
Including                126.00         138.00          12.00           4.00
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-13-71                  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-14-74                 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-14-79                 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-14-82                 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
PT-15-85                 148.50         194.00          45.50           1.47
Including                148.50         156.00           7.50           3.84
Including                183.00         194.00          11.00           1.74
PT-15-87                 219.40         229.00           9.60           6.86
Including                220.50         227.00           6.50            9.9

(i) Core length; the company estimates the true width of the 
    mineralized zone at 70 per cent to 95 per cent of the core length.

This area is recognized to date:

  • The zone is continuous along a lateral distance of at least 250 metres;
  • The zone extends beyond 500 metres depth down the dip of the structures;
  • The mineralization remains open to the northwest, as well as at depth,
  • With the best intersects along the northern edge.

These mineralized horizons are subparallel to the major tectonic contact, which spans more than 15 kilometres on the Sakami property.

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

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