CJC Intersects 3.54 g/t Au Over 12.00 Metres and 3.58 g/t Au Over 8.55 Metres, Including 5.12 g/t Au Over 4.05 Metres at the ...
23 Luglio 2014 - 4:00PM
Marketwired Canada
Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX
VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc.
("Matamec") (TSX VENTURE:MAT)(OTCQX:MHREF) are very pleased to report the
results from holes PT-14-81 to PT-14-83, drilled in March and April during the
latest exploration program on the Sakami gold property. The new results confirm
the extension of the Zone 25 gold mineralization envelope to the west, to the
northwest and at depth. The recent results also confirm that the contact
corridor between the Opinaca-La Grande volcano-sedimentary sub-provinces is
fertile for significantly-enriched gold mineralization. This horizon has now
been traced over a strike length of more than 200 metres and to a depth of more
than 425 metres along its plunge. The latest drilling program on the Sakami
property consisted of a total of 2,913 metres in 11 holes; results for the last
three holes, drilled along strike and plunge from Hole PT-14-79, are describe
below. The last two drilling programs by Strategic Metals have confirmed and
enhanced the potential of the northeast and depth extensions of Zone 25, which
remains open in all directions.
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. The program completed the testing of Zone
25 over a strike length of more than 200 metres and to a depth of over 425
metres along its plunge. The holes were spaced at 50 metres. A map showing the
hole locations can be found on the Company's website at: www.csmetals.ca.
The Company has received the assay results for three additional holes, PT-14-81
to PT-14-83, drilled in March and April as part of the program. These holes were
planned to test the extension of the mineralized zone to the west and northwest,
as well as down dip. They all returned gold-bearing intersections with
significant gold grades with 2.58 g/t Au over 4.60 metres for hole PT-14-81,
1.43 g/t over 40.25 metres, including 3.58 g/t Au over 8.55 metres and 5.12 g/t
Au over 4.05 metres for Hole PT-14-82 and 1.06 g/t Au over 55.50 metres,
including 3.54 g/t Au over 12.00 metres for Hole PT-14-83. All the mineralized
intersections and assay results are shown below.
"The Company is very pleased to have confirmed the high-grade gold potential of
Zone 25 (the main zone) at the Sakami project, as well as its extensions along
strike and at depth, and to note that Zone 25 remains open in all directions,"
said Jean-Sebastien Lavallee, President and Chief Executive Officer of Canada
Strategic Metals. "It is also encouraging to see the presence of multiple
parallel, highly-anomalous gold zones confirmed. The positive drill results from
the last exploration program have once again confirmed the Sakami project's gold
potential. We are now in the process of reviewing all the results so that we can
plan the next drilling program and increase the size of Zone 25."
Table of mineralized intersections from the recent drilling program
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Hole # From (m) To (m) Length(i) (m) Au (g/t)
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PT-14-81 228.00 232.60 4.60 2.58
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PT-14-82 231.45 271.70 40.25 1.43
Including 231.45 235.50 4.05 5.12
Including 231.45 240.00 8.55 3.58
Including 256.85 259.00 2.15 3.83
Including 267.50 271.70 4.20 2.38
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PT-14-83 240.00 295.50 55.50 1.06
Including 240.00 252.00 12.00 3.54
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(i) Core length: the Company estimates the true width of the mineralized zone at
80 to 95% of the core length.
Table of mineralized intersections from holes drilled on the Sakami project
since December 2013
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Hole # From (m) To (m) Length(i) (m) Au (g/t)
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PT-13-64 68.85 69.90 1.05 1.27
171.00 171.50 0.50 3.62
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PT-13-65 112.50 138.00 25.50 3.03
Including 126.00 138.00 12.00 4.00
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PT-13-66 109.95 125.40 15.45 1.18
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PT-13-67 126.90 154.85 27.95 3.78
Including 132.25 154.85 22.60 4.01
Including 138.00 145.00 7.00 7.21
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PT-13-68 200.50 221.00 20.50 2.77
Including 201.65 215.00 13.35 3.23
Including 201.65 205.00 3.35 4.71
278.25 281.10 2.85 2.82
294.00 297.00 3.00 1.70
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PT-13-69 213.05 226.50 13.45 1.32
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PT-13-70 78.75 99.00 20.25 1.27
Including 78.75 86.00 7.25 2.22
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PT-13-71 49.10 51.65 2.55 2.06
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
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PT-13-72 112.50 130.40 17.90 2.24
Including 112.50 119.00 6.50 3.65
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PT-14-73 150.65 172.50 21.85 1.46
Including 160.50 172.50 12.00 2.16
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PT-14-74 237.65 264.00 26.35 2.30
Including 243.70 252.50 8.80 3.80
Including 247.70 252.50 4.80 5.18
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PT-14-75 274.05 281.20 7.15 2.40
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PT-14-76 180.00 183.00 3.00 1.57
198.00 199.50 1.50 1.36
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Pt-14-77 103.50 104.70 1.20 1.33
129.00 130.50 1.50 1.98
153.00 154.50 1.50 1.00
165.00 168.00 3.00 1.65
174.00 176.00 2.00 1.46
180.00 182.25 2.25 2.02
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PT-14-78 193.50 195.00 1.50 1.37
208.50 213.00 4.50 2.15
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PT-14-79 188.00 236.20 48.20 2.51
Including 188.00 200.00 12.00 6.93
Including 190.00 196.00 6.00 11.35
Including 202.50 207.00 4.50 1.33
Including 226.50 234.00 7.50 3.06
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PT-14-80 157.50 163.50 6.00 1.03
179.00 181.75 2.75 2.08
187.50 190.50 3.00 2.32
201.00 202.00 1.00 1.28
203.00 204.00 1.00 3.11
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PT-14-81 228.00 232.60 4.60 2.58
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PT-14-82 231.45 271.70 40.25 1.43
Including 231.45 235.50 4.05 5.12
Including 231.45 240.00 8.55 3.58
Including 256.85 259.00 2.15 3.83
Including 267.50 271.70 4.20 2.38
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PT-14-83 240.00 295.50 55.50 1.06
Including 240.00 252.00 12.00 3.54
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(i) 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 Lavallee (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
819-354-5146
Paradox Public Relations
514-341-0408
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