Canada Strategic Metals Reports New Wide Gold-Bearing Intersections, with Results of up to 2.30 g/t Au Over 26.35 Metres, Inc...
28 May 2014 - 11:00PM
Marketwired
Canada Strategic Metals Reports New Wide Gold-Bearing
Intersections, with Results of up to 2.30 g/t Au Over 26.35 Metres,
Including 5.18 g/t Au Over 4.80 Metres...
...and Once Again Extends Zone 25 at its Sakami Gold Project
MONTREAL, QUEBEC--(Marketwired - May 28, 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
report the first results from the recent drilling program on the
Sakami gold project. These new results confirm the extension to the
West, Northwest and at depth of the Zone 25 envelope of gold
mineralization. The program consisted of eleven holes for a total
of 2,913 metres of drilling.
The program is 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.
Once this program is complete, Zone 25 will have been tested over a
strike length of more than 200 metres and to a depth of over 425
metres along its plunge. The holes are spaced at 50 metres. A
surface map showing drillhole locations and sections can be found
on the Company's website at: www.csmetals.ca.
To date, the Company has received the assay results for the
three first holes, PT-13-73 to PT-13-75, drilled during the
December program. These holes were planned to test the extension of
the mineralized zone to the west and northwest, as well as down
dip. All three holes returned wide gold-bearing intersections,
including 1.46 g/t Au over 21.85 metres from Hole PT-13-73,
including 2.16 g/t over 12.00 metres, 2.30 g/t Au over 26.35
metres, including 3.80 over 8.80 metres and 5.18 g/t over 4.80
metres from hole PT-13-74, and 2.40 g/t Au over 7.15 metres from
Hole PT-13-75. All mineralized intersections and gold assay results
from the recent program received to date are shown below.
"We are very pleased to once again report positive results from
recent drilling on the Sakami project during the latest exploration
program," said Jean-Sebastien Lavallée, President and Chief
Executive Officer of Canada Strategic Metals. "We are looking
forward to receiving the results for the eight other holes drilled
during the program."
The Company will release the results for the remaining holes as
soon as they have been received and compiled.
Table of mineralized intersections from the recent drilling
campaign
Hole # |
Type |
From (m) |
To (m) |
Length* (m) |
Au (g/t) |
PT-14-73 |
Zone 25 |
150.65 |
172.50 |
21.85 |
1.46 |
PT-14-73 including |
Zone 25 |
160.50 |
172.50 |
12.00 |
2.16 |
PT-14-74 |
Zone 25 |
237.65 |
264.00 |
26.35 |
2.30 |
PT-14-74 including |
Zone 25 |
243.70 |
252.50 |
8.80 |
3.80 |
PT-14-74 including |
Zone 25 |
247.70 |
252.50 |
4.80 |
5.18 |
PT-14-75 |
Zone 25 |
274.05 |
281.20 |
7.15 |
2.40 |
* 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
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