Canada Strategic Metals Complete 11 Drillholes Program at the Sakami Gold Project and Hit Mineralized Zone in Every Hole
18 April 2014 - 12:00AM
Marketwired
Canada Strategic Metals Complete 11 Drillholes Program at the
Sakami Gold Project and Hit Mineralized Zone in Every Hole
MONTREAL, QUEBEC--(Marketwired - Apr 17, 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 very pleased
to announce that a drilling program began in March at the Sakami
gold project is completed.
The program was aimed at increasing the size of the main gold
zone (Zone 25) to the west-northwest, as well as its extension at
depth. Zone 25 is in the La Pointe sector of the Sakami property.
Now that the program is complete, Zone 25 has been tested over a
strike length of more than 200 metres and to depth of over 450
metres along its plunge. To date, the zone 25 has been test to a
vertical depth of 250 metres. The holes are spaced at 50 metres. A
map of the new holes can be found on the Company's website at:
www.csmetals.ca.
Eleven diamond drill holes have been completed during the
campaign. All the holes intersected Zone 25, with widths ranging
from 7.30 to 22.95 metres. The mineralized intersections consist of
a silicified biotite paragneiss containing 1-7% with locally up to
10% pyrite-arsenopyrite.
All the core have been logged and sampled and have been be sent
to the laboratory for assaying. The Company will release the assay
results as soon as they are received and compiled. A table of all
the mineralized intersections from the recent program is shown
below, along with previous drill results.
Table of mineralized intersections from the most recent
drilling
|
Hole # |
Type |
Length* (m) |
From (m) |
To (m) |
|
Description |
|
PT-14-73 |
Zone 25 |
7.30 |
163.00 |
170.30 |
|
Silicified paragneiss, 1 - 5% arsenopyrite |
|
PT-14-74 |
Zone 25 |
19.85 |
231.60 |
251.45 |
|
Silicified paragneiss, 1 - 5% arsenopyrite |
|
PT-14-75 |
Zone 25 |
13.30 |
268.70 |
282.00 |
|
Silicified paragneiss, 1 - 5% arsenopyrite |
|
PT-14-76 |
Zone 25 |
18.90 |
171.75 |
190.65 |
|
Silicified paragneiss, 1 - 5% arsenopyrite |
|
PT-14-77 |
Zone 25 |
9.75 |
173.25 |
183.00 |
|
Silicified paragneiss, Trace to 2% arsenopyrite |
|
PT-14-78 |
Zone 25 |
9.90 |
205.50 |
215.40 |
|
Silicified paragneiss, 1 - 5% arsenopyrite±pyrite |
|
PT-14-79 |
Zone 25 |
14.40 |
186.60 |
201.00 |
|
Silicified paragneiss, 1 - 7% arsenopyrite |
|
PT-14-80 |
Zone 25 |
8.15 |
174.60 |
182.75 |
|
Silicified paragneiss, 1 - 3% arsenopyrite |
|
PT-14-80 |
New Zone |
12.00 |
192.00 |
204.00 |
|
Silicified paragneiss, 1 - 5% arsenopyrite |
|
PT-14-81 |
Zone 25 |
14.65 |
219.90 |
234.55 |
|
Silicified paragneiss, 1 - 7% arsenopyrite |
|
PT-14-82 |
Zone 25 |
11.70 |
221.80 |
233.50 |
|
Silicified paragneiss, 1 - 5% arsenopyrite |
|
PT-14-83 |
Mineralized zone |
22.95 |
230.55 |
253.50 |
|
Silicified paragneiss, Trace to 1% arsenopyrite |
* Core length
Table of drill hole collar coordinates
|
Hole # |
Easting (UTM) |
Northing (UTM) |
Elevation (m) |
Length (m) |
Azimuth (°) |
Plunge |
|
PT-14-73 |
375315 |
5895165 |
200,00 |
249,00 |
70 |
-70 |
|
PT-14-74 |
375260 |
5895100 |
209,00 |
285,00 |
70 |
-70 |
|
PT-14-75 |
375200 |
5895085 |
204,00 |
297,00 |
70 |
-70 |
|
PT-14-76 |
375270 |
5895150 |
200,00 |
219,00 |
70 |
-70 |
|
PT-14-77 |
375253 |
5895194 |
198,00 |
198,00 |
70 |
-70 |
|
PT-14-78 |
375225 |
5895135 |
207.00 |
231.00 |
70 |
-70 |
|
PT-14-79 |
375158 |
5895161 |
198.00 |
240.00 |
70 |
-70 |
|
PT-14-80 |
375206 |
5895178 |
197.00 |
210.00 |
70 |
-70 |
|
PT-14-81 |
375178 |
5895119 |
206.00 |
249.00 |
70 |
-70 |
|
PT-14-82 |
375111 |
5895140 |
198.00 |
336.00 |
70 |
-70 |
|
PT-14-83 |
375078 |
5895119 |
198.00 |
342.00 |
60 |
-70 |
Table of gold intersections from the december drilling
campaign
|
Hole # |
Type |
From (m) |
To (m) |
Length* (m) |
Au (g/t) |
|
PT-13-64 |
New zone |
68.85 |
69.90 |
1.05 |
1.27 |
|
|
New zone |
171.00 |
171.50 |
0.50 |
3.62 |
|
PT-13-65 |
Zone 25 |
112.50 |
138.00 |
25.50 |
3.03 |
|
Including |
|
126.00 |
138.00 |
12.00 |
4.00 |
|
PT-13-66 |
Zone 25 |
109.95 |
125.40 |
15.45 |
1.18 |
|
PT-13-67 |
Zone 25 |
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 |
Zone 25 |
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 |
|
|
New zone |
278.25 |
281.10 |
2.85 |
2.82 |
|
|
New zone |
294.00 |
297.00 |
3.00 |
1.70 |
|
PT-13-69 |
Zone 25 |
213.05 |
226.50 |
13.45 |
1.32 |
|
PT-13-70 |
Zone 25 |
78.75 |
99.00 |
20.25 |
1.27 |
|
Including |
|
78.75 |
86.00 |
7.25 |
2.22 |
|
PT-13-71 |
Zone 26 |
49.10 |
51.65 |
2.55 |
2.06 |
|
PT-13-71 |
Zone 25 |
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 |
Zone 25 |
112.50 |
130.40 |
17.90 |
2.24 |
|
Including |
|
112.50 |
119.00 |
6.50 |
3.65 |
* Core length; the Company estimates the true width of the
mineralized zone at 80 to 95% of the core length.
The 2014 drilling program was managed by Consul-Teck Exploration
of Val-d'Or, Quebec, which 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 core sampling and analysis. 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 in secure tagged bags were delivered directly to the
analytical facility for analysis. In this case, the analytical
facility was the Bourlamaque Ltee laboratory in Val-d'Or, Quebec.
The samples are weighed and identified prior to sample preparation.
All samples are analyzed 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.
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.
Jean-Sebastien Lavallee, P. GeoPresident & Chief Executive
Officer819-354-5146Paradox Public Relations514-341-0408
Quebec Precious Metals (QB) (USOTC:CJCFF)
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