Press release from Marketwire
Canada Strategic Metals Continues to Hit Wide Gold Intersections on the Sakami Gold Project, Including 2.97 g/t Au Over 19.50 Metres
Thursday, March 20, 2014
Canada Strategic Metals Continues to Hit Wide Gold Intersections on the Sakami Gold Project, Including 2.97 g/t Au Over 19.50 Metres08:30 EDT Thursday, March 20, 2014
MONTREAL, QUEBEC--(Marketwired - March 20, 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 last results from the recent drilling program on the Sakami gold project. These new results confirm the 3D model created with the other drill results from the December program, which consisted of nine holes for a total of 1,605 metres of drilling.
The main objective of the program 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. The program also allowed the creation of a 3D model to optimize future drilling, which was completed in the past few weeks. A video of the 3D model and a surface map showing drillhole locations and sections can be found on the Company's website at: www.csmetals.ca.
The Company recently received the gold assay results for holes PT-13-69 to PT-13-72, the last four holes drilled during the December program. These holes were planned to test the spatial positioning of Zone 25 relative to Zone 26, so as to better orient the 3D modelling work. All four holes returned wide gold intersections, including 1.32 g/t Au over 13.45 metres from Hole PT-13-69, 1.27 g/t Au over 20.25 metres including 2.22 g/t Au over 7.25 metres from Hole PT-13-70, 2.97 g/t over 19.50 metres including 3.78 g/t Au over 14.10 metres, 3.95 g/t Au over 9.50 metres from Hole PT-13-71 and 2.24 g/t Au over 17.90 metres including 3.65 g/t Au over 6.50 metres from Hole PT-13-72. All assay results from the recent program received to date are shown below.
"We are very pleased to yet again report positive drill results from the latest exploration program on the Sakami project," said Jean-Sebastien Lavallée, President and Chief Executive Officer of Canada Strategic Metals. "These results confirm the presence of a major gold system, and attest to strong potential of the Sakami project."
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, 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jean-Sebastien Lavallee, P. Geo
President & Chief Executive Officer
Paradox Public Relations