MONTREAL, QUEBEC
-- (Marketwired)
-- 04/25/16
Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE: CJC)(FRANKFURT: YXEN)(OTCBB: CJCFF) and Matamec Explorations Inc. (TSX VENTURE: MAT)(OTCQX: MHREF) are pleased to announce that the La Pointe Zone of the Sakami property shows evidence of significant gold potential. The property covers a major geological contact between two sub-provinces that are very favorable 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-Opinaca sub-provinces. 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 g/t Au over 20.3 meters (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 February 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 remodeling 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 (see figure 3 attached: Vertical Section).
The following 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):
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Hole # From (m) To (m) Length(i) (m) Au (g/t)
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PT-13-65 112.50 138.00 25.50 3.03
Including 126.00 138.00 12.00 4.00
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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
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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
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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
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PT-13-72 112.50 130.40 17.90 2.24
Including 112.50 119.00 6.50 3.65
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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
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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
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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
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PT-14-83 240.00 295.50 55.50 1.06
Including 240.00 252.00 12.00 3.54
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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
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PT-15-87 219.40 229.00 9.60 6.86
Including 220.50 227.00 6.50 9.9
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(i) Core length; the Company estimates the true width of the mineralized zone at 70 to 95% of the core length.
This area is recognized to date (see figure 3 attached: Vertical Section):
-- the zone is continuous along a lateral distance of at least 250 m;
-- the zone extends beyond 500 m 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 (see figure 2 attached:
Plan view).
These mineralized horizons are sub-parallel to the major tectonic contact, which spans more than 15 km on the Sakami property (See figure 1 attached: Sakami Property Geology).
Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder, President and Chief Executive Officer of the Company and a Qualified Person under NI 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 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.
For more information on the Company, please visit www.csmetals.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sakami Property Geology (Figure #1) : http://media3.marketwire.com/docs/1051852_1.pdf
La Pointe Zone - Plan View of Vein 25 (Figure #2): http://media3.marketwire.com/docs/1051852_2.pdf
La Pointe Zone -Vertical Section (Figure #3): http://media3.marketwire.com/docs/1051852_3.pdf
Regional Geological Map (Figure #4): http://media3.marketwire.com/docs/1051852_4.pdf
Contacts:
Canada Strategic Metals Inc.
Jean-Sebastien Lavallee, P. Geo
President and Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408
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