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Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 102,927,246
Close 2017-11-21 C$ 0.10
Market Cap C$ 10,292,725
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Canada Strategic samples 6.14 g/t Au at Annabelle

2017-11-22 08:53 ET - News Release

Mr. Jean-Francois Meilleur reports

CANADA STRATEGIC METALS DISCOVERS 2 ZONES AT ANNABELLE RETURNING 6.14 G/T AU & 1.02 G/T AU 32.6 G/T AG, 2.37% CU & 372 PPM COBALT IN GRAB SAMPLES

Canada Strategic Metals Inc. has provided the results of its first mapping and sampling exploration program on the Annabelle project. The program consisted of large-scale prospecting and sampling surface work over the 100-per-cent-owned Annabelle property located in James Bay, Quebec.

The prospecting and geological survey was planned based on the recent compilation of historical work. The program was a success, returning strong gold, copper and silver values over two different zones. The best results returned 6.14 grams per tonne gold, 1.02 g/t gold, 32.6 g/t silver, 2.37 per cent copper and 372 parts per million cobalt. These results defined multiples anomalous structures, located mainly in the central and eastern portion of the project. Results are showing that the gold mineralization seems to be associate to quartz vein and/or stringer and/or copper mineralization. Historical work also returned 3.6 per cent Cu and 790 ppb Au in a one-kilometre nearby outcrop extending the potential of a discovery.

The company is currently compiling all new results to follow up with a more extensive exploration program on the Annabelle property in the next year that may include specific surveys, channel sampling, land stripping and diamond drilling. A total of 274 chip samples were collected and sent to the ALS laboratory to be assayed for gold and minerals indicator. The sampling program was design to discover new areas of interest over the large land package, there for 268 samples returned minimal to zero values. The property is still largely underexplored with more than half of the project to be explored in the next summer program. The attached table shows the best results for the program.

                   TABLE OF BEST RESULTS 
  
Grab sample  Au ppm   Ag ppm   Co ppm   Cu ppm   Zn ppm   Cu %

49190          3.72        3        3      330       27
49119          6.14      0.2       12       10       39
49134          1.02     32.6       22  +10,000      953   2.37
49009         1.765      3.7      372    1,010        7
49010          2.11        1       52      736       12
49047          1.36      0.5        1       17        4

Grab samples are selective by nature and are unlikely to represent 
the average grade of the deposit.


The Annabelle project is located about 65 kilometres west of the Eastmain Resources Eau Claire project and approximately 40 kilometres west of Goldcorp Eleonore gold deposit, in James Bay, Quebec.

The large (182.44 square km) project is clearly underexplored, but always showed a strong mineral potential. The main reason of the limited work was due to the unfavourable economic climate of the past few years. The discovery potential is related to the greenstone belt geological settings covering the volcano-sedimentary sequences and intrusions of the Opinaca subprovince.

The 2017 sampling program was managed by Consul-Teck Exploration of Val d'Or, Que., who designed and supervised the program. A total of 274 chip samples were collected and sent to the ALS laboratory to be assayed for gold and indicator minerals.

Consul-Teck Exploration implemented quality assurance/quality control procedures to ensure best practices in sampling and analysis of the samples. In this case, there was no blank or standard inserted, but the company intends to reanalyze some samples, as described in its QA/QC procedures.

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 to 10 parts per million Au) and ICP-41 for the other elements. Value over 10,000 ppm were reassays by OG-46.

Jean-Sebastien Lavallee (OGQ No. 773), geologist, shareholder, executive chairman and exploration manager 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 Inc.

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.

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