Canada Strategic Metals Intersects 3.03 Gold Over 25.50 Meters at Sakami Gold Project
05 February 2014 - 12:57AM
Marketwired
Canada Strategic Metals Intersects 3.03 Gold Over 25.50 Meters at
Sakami Gold Project
MONTREAL, QUEBEC--(Marketwired - Feb 4, 2014) - 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 the latest gold results from the recent drilling campaign
on the Sakami Gold project. Nine drillholes have been completed
during the program for a total of 1,605 meters.
The objective of the campaign was to validate and extend the
historical zone funded by Matamec Explorations between 2000 and
2004 on the La Pointe area. A complete table of the drillhole
collar location is present below.
To date, the Company has received gold assay results for holes
PT-13-64 and PT-13-65. Hole PT-13-64, which was drilled to test an
induced polarization anomaly, has identified two new gold zones,
with intersections of 1.27 g/t Au over 1.05 metres and 3.62 g/t Au
over 0.50 metres. Hole PT-13-65, which was aimed at extending and
validating the intersection from historical Hole EX-22, intersected
a mineralized zone grading 3.03 g/t Au over 25.50 metres, including
4.00 g/t Au over 12.00 metres. A table with the mineralized
intersections and assay results is shown below.
The Company has begun receiving the results for holes PT-13-66
and PT-13-67, and is now in the process of compiling them. The
results will be released as soon as this process is complete. A
table showing both the mineralized intersections from the most
recent program and the results of historical drilling can be found
below.
Table of mineralized intersections
|
Hole # |
Type |
From (m) |
To (m) |
Length* (m) |
Gold g/t |
|
PT-13-64 |
New zone |
68.85 |
69.90 |
1.05 |
1.27 |
|
PT-13-64 |
New zone |
171.00 |
171.50 |
0.50 |
3.62 |
|
PT-13-65 |
Zone 25 |
112.50 |
138.00 |
25.50 |
3.03 |
|
PT-13-65 including |
|
126.00 |
138.00 |
12.00 |
4.00 |
|
PT-13-66 |
Zone 25 |
109.95 |
125.4 |
15.45** |
Partially received |
|
PT-13-67 |
Zone 26 |
75.25 |
91.25 |
16** |
In Compilation |
|
PT-13-67 |
Zone 25 |
126.9 |
154.85 |
27.95** |
Pending |
|
PT-13-68 |
Zone 25 |
209.8 |
221 |
11.2** |
Pending |
|
PT-13-69 |
Zone 26 |
141.45 |
150 |
8.55** |
Pending |
| PT-13-69 |
Zone 25 |
192.85 |
199.6 |
6.75** |
Pending |
|
PT-13-70 |
Zone 25 |
65.4 |
85.5 |
20.1** |
Pending |
|
PT-13-71 |
Zone 26 |
48.9 |
61 |
12.1** |
Pending |
|
PT-13-71 |
Zone 25 |
102 |
118.5 |
16.5** |
Pending |
|
PT-13-72 |
Zone 26 |
49.2 |
66.2 |
17** |
Pending |
|
PT-13-72 |
Zone 25 |
107.9 |
130 |
22.1** |
Pending |
| *Length along the core. **Mineralized
zone |
Table of drillhole locations
|
Hole # |
Easting (UTM) |
Northing (UTM) |
Elevation (m) |
Length (m) |
Bearing (°) |
Dip |
|
PT-13-64 |
375659 |
5894756 |
188.00 |
189.00 |
310 |
-50 |
|
PT-13-65 |
375444 |
5895111 |
203.00 |
150.00 |
45 |
-45 |
|
PT-13-66 |
375444 |
5895111 |
203.00 |
135.00 |
60 |
-51 |
|
PT-13-67 |
375408 |
5895130 |
203.00 |
159.00 |
62 |
-45 |
|
PT-13-68 |
375324 |
5895111 |
206.00 |
325.00 |
66 |
-70 |
|
PT-13-69 |
375338 |
5895108 |
206.00 |
282.00 |
70 |
-53 |
|
PT-13-70 |
375505 |
5895110 |
195.00 |
120.00 |
25 |
-60 |
|
PT-13-71 |
375443 |
5895135 |
192.00 |
132.00 |
46 |
-60 |
|
PT-13-72 |
375443 |
5895135 |
192.00 |
138.00 |
46 |
-67 |
Table of historical drill results
Zone 25 selected intersections:
|
Hole # |
Au (g/t) |
Length* (m) |
From (m) |
To (m) |
|
EX-1 |
2.38 |
7.9 |
91.9 |
99.8 |
|
EX-2 |
1.97 |
19.85 |
11.15 |
31 |
|
EX-3 |
2.13 |
10.2 |
49.8 |
60 |
|
EX-5 |
2.12 |
6 |
72 |
78 |
|
EX-9 |
2.93 |
4 |
125 |
129 |
|
EX-10 |
2.51 |
54.65 |
18.35 |
73 |
|
including |
3.52 |
14 |
43 |
57 |
|
EX-13 |
2.96 |
8.25 |
160.5 |
168.75 |
|
EX-17 |
1.74 |
10.65 |
155.65 |
166.3 |
|
EX-18 |
2.04 |
11.52 |
228.05 |
239.57 |
|
EX-22 |
4.16 |
21 |
74.25 |
95.25 |
|
including |
6.4 |
12.67 |
77.28 |
89.95 |
|
EX-23 |
3.6 |
7.45 |
186.55 |
194 |
|
EX-25 |
2.72 |
17.85 |
133.1 |
150.95 |
|
EX-27 |
1.17 |
8.2 |
162.75 |
170.95 |
| EX-28 |
2.08 |
3.26 |
71.16 |
74.42 |
|
1.98 |
3.73 |
148.59 |
152.32 |
| EX-29 |
2.09 |
19.5 |
190.5 |
210 |
|
3.43 |
1.5 |
273.5 |
275 |
|
EX-31 |
2.39 |
30.19 |
110.81 |
140 |
|
including |
8.03 |
3.82 |
132.14 |
135.96 |
|
EX-32 |
1.72 |
22.13 |
117.97 |
140.1 |
| including |
2.17 |
12.16 |
127.94 |
140.1 |
|
12.23 |
0.5 |
130.64 |
131.14 |
|
3.43 |
3.16 |
136.94 |
140.1 |
| EX-33 |
4.95 |
2 |
243.25 |
245.25 |
|
3.34 |
3.45 |
260.91 |
264.36 |
|
EX-44 |
1.51 |
6.09 |
169.47 |
175.56 |
Zone 26 selected intersections:
|
Hole # |
Au (g/t) |
Length * (m) |
From (m) |
To (m) |
|
EX-19 |
9.22 |
12.55 |
53.8 |
66.35 |
|
including |
13.67 |
7.35 |
58.25 |
65.6 |
|
EX-20 |
4.07 |
1.35 |
66.75 |
68.1 |
|
EX-31 |
2.75 |
1.5 |
63.79 |
65.29 |
| EX-32 |
2.53 |
1.5 |
64.29 |
65.79 |
|
3.41 |
1.5 |
69.82 |
71.32 |
|
EX-48 |
1 |
9 |
49 |
58 |
|
EX-49 |
2.69 |
3 |
64 |
67 |
The 2013 drilling program was managed by Consul-Teck Exploration
of Val-d'Or, Quebec who designed the drilling campaign, supervised
the program and logged and sampled the core.
Consul-Teck Exploration implemented QA/QC 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 Bourlamaque Ltee
laboratory facility in Val-d'Or (Quebec). The samples are weighed
and identified prior to sample preparation. All samples are
analysed by fire assay with AA finish on a 30g sample (0.01-10 ppm
Au), with a gravimetric finish for assays over 10 ppm Au.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and
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 Matamec Explorations
Matamec Explorations Inc. is a mining exploration company whose
focus is developing the Kipawa HREE deposit with TRECan, with the
goal of supplying Toyota with HREEs for the production of hybrid
and electric cars. The company is exploring 35 km of strike length
in the Kipawa Alkalic complex for rare
earths-yttrium-zirconium-niobium-tantalum mineralization on its
Zeus property. Matamec is also exploring for gold at its Matheson
joint-venture property, which is located along strike and in close
proximity to the Hoyle Pond mine in Timmins, Ontario. In Quebec,
the company is exploring for lithium and tantalum on its Tansim
property and for precious and base metals on its Sakami, Valmont
and Vulcain properties. For more information, please visit
www.matamec.com.
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.
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.
Jean-Sebastien Lavallee, P. GeoPresident & Chief Executive
Officer819-354-5146Paradox Public Relations514-341-0408
Quebec Precious Metals (QB) (USOTC:CJCFF)
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