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Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 75,539,155
Close 2016-09-08 C$ 0.165
Market Cap C$ 12,463,961
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Canada Strategic, Matamec drill 27 m of 1.87 g/t Au

2016-09-08 14:53 ET - News Release

Mr. Jean-Sebastien Lavallee reports

CANADA STRATEGIC METALS CONTINUES TO EXTEND GOLD ZONE WITH AN INTERSECTION OF 1.87 G/T AU OVER 27.00 METRES INCLUDING 3.14 G/T AU OVER 5.00 METRES AND 2.67 G/T OVER 6.00 METRES

Canada Strategic Metals Inc. and Matamec Explorations Inc. have released the latest drill results for the Sakami property. Drilling on the Northwest extension of zone 25 (main zone) has returned an intersection of 1.87 grams per tonne gold over 27 metres, including 3.14 grams per tonne gold over five metres and 2.67 grams per tonne gold over six metres, from hole PT-16-93 (see attached table).

The result from PT-16-93, together with PT-16-91 and PT-16-92, confirms that zone 25 increases in thickness and grade to the northwest. This lens remains wide open in this direction and the company is very keen to test the continuity of this thick zone with relatively consistent gold mineralization in the next drill campaign. The very thick intervals and their relative positions suggest a possible merging of zone 22 and zone 25 in this direction.

The drilling of PT-16-96 and PT-16-97 confirms the mineralization trend to the extreme southwest, and the lack of significant assay results in the remaining drill holes testifies to the complex geology occurring at this apparent fold nose on the La Pointe peninsula. All results for the latest campaign are presented in the attached table.

       TABLE OF MINERALIZED INTERSECTIONS FROM RECENT 2016 DRILLING
 
Hole No.                      From          To         Length (i)         Au 
                                (m)         (m)               (m)       (g/t)

PT-16-91 (ii)               165.20      208.50             43.30        2.21
Including                   176.00      187.50             11.50        3.46
PT-16-92 (ii)               203.60      252.15             48.55        2.52
Including                   206.95      228.00             21.05        4.94
Including                   206.95      225.00             18.05        5.38
PT-16-93                    252.00      279.00             27.00        1.87
Including                   253.00      258.00              5.00        3.14
Including                   271.00      277.00              6.00        2.69
PT-16-94                       NSV
PT-16-95                       NSV
PT-16-96                    124.00      125.00              1.00        1.73
PT-16-97                    136.00      156.50             20.50        0.55
PT-16-98                       NSV
PT-16-99                     66.00       69.00              3.00        1.33
                             78.00       81.00              3.00        1.08
                             91.50       93.00              1.50        1.97
                            124.50      127.50              3.00        1.07
                            169.00      170.50              1.50        2.86

(i) The company estimates the true width of the mineralized zone 
at 70 per cent to 95 per cent of the core length.
(ii) These results are already announced in a press release 
dated Sept. 6, 2016.

The program was aimed at increasing the size of the main gold zone (zone 25) to the west-northwest, as well as its south extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Once this program is complete, zone 25 will have been tested over a strike length of more than 300 metres and to a depth of over 500 metres along its plunge.

The 2016 drilling program, designed with the help of Dr. Guy Desharnais, PhD, a geologist at SGS Canada, was managed by Consul-Teck Exploration of Val d'Or, Que., which supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented quality assurance/quality control 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 were delivered, in secure tagged bags, directly to the analytical facility for analysis, in this case the ALS Minerals laboratory facility 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 (0.005 part per million to 10 parts per million gold), with a gravimetric finish for assays over 10 parts per million gold.

Jean-Sebastien Lavallee, OGQ No. 773, geologist, shareholder 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.

About Canada Strategic Metals

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 22,584 hectares in Quebec.

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