Press release from Marketwire
Canada Strategic Metals Confirms the Extension of Zone 25 at Depth and to the Northwest at the Sakami Gold Project, with 2.77 g/t Gold Over 20.50 Metres, Including 3.23 g/t Au Over 13.35 Metres
Wednesday, February 19, 2014
Canada Strategic Metals Confirms the Extension of Zone 25 at Depth and to the Northwest at the Sakami Gold Project, with 2.77 g/t Gold Over 20.50 Metres, Including 3.23 g/t Au Over 13.35 Metres09:30 EST Wednesday, February 19, 2014
MONTREAL, QUEBEC--(Marketwired - Feb. 19, 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 results from another drillhole from the recent drilling campaign on the Sakami gold project. These new results confirm the extension to the northwest and at depth of the Zone 25 envelope of gold mineralization. Hole PT-13-68 has also resulted in the discovery of a new gold zone at depth on the Sakami project. The program consisted of nine holes for a total of 1,605 metres of drilling.
The main objective of the campaign was to validate and extend the historical zone identified by Matamec Explorations between 2000 and 2004, with a secondary objective of acquiring a better understanding of the spatial geometry of the two known main zones in the "La Pointe" area of the Sakami property. A table with all the drillhole locations is shown below. A surface map showing drillhole locations and sections can be found on the Company's website at: www.csmetals.ca.
The Company recently received gold assay results for another hole, PT-13-68, drilled to test the extension of Zone 25 at depth and to the northwest. Up until now, Zone 25 appeared to narrow and pinch out on this section. However, Hole PT-13-68 returned three gold intersections grading 2.77 g/t Au over 20.50 metres (including 3.23 g/t over 13.35 metres and 4.71 g/t Au over 3.35 metres), 2.85 g/t Au over 2.85 metres and 1.70 g/t over 3.00 metres. The last intersection, located between 294.00 metres and 297.00 metres downhole, represents a new discovery. The three last metres of core were not sent for analysis, but will be sampled and sent for assaying as soon as possible. If the results are positive, the Company return to Hole PT-13-68 and continue drilling to ensure that it has intersected this new gold-bearing zone over its entire width. 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 four 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
|*||Core length; the Company estimates the true width of the mineralized zone at 80 to 95% of the core length|
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 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.
Canada Strategic Metals is pleased to announce that it has retained FronTier Merchant Capital Group ("FronTier") for Investor Relations Services. FronTier is an experienced and reputable Investor Relations group with a home office in Toronto, Canada. FronTier will assist the company by increasing market awareness for Canada Strategic Metals utilizing a number of financial market communications initiatives. The core of which will be facilitating in-person introductions for Canada Strategic metals with institutional and retail brokers and investors in a number of cities across Canada, the US, Europe and Australasia. FronTier has been retained for a six months period at $5,000 per month plus direct expenses.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jean-Sebastien Lavallee, P. Geo
President & Chief Executive Officer
Paradox Public Relations
(514) 904-1597 (FAX)