MONTREAL, QUEBEC–(April 15, 2015) - Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (CJC:CA) (FRANKFURT:YXEN) (CJCFF) and Matamec Explorations Inc. (MAT:CA) (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 Northwest of the Zone 25 envelope of gold mineralization. The program consisted of seven holes for a total of 2,025 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 250 metres and to a depth of over 500 metres along its plunge. 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 two first holes, PT-15-84 and PT-15-85, drilled during the March 2015 program. These holes were planned to test the extension of the mineralized zone to the west and northwest, as well as down dip. Both holes returned wide gold-bearing intersections, including 1.29 g/t Au over 54.50 metres, including 3.03 g/t over 6.50 metres and 2.50 g/t Au over 7.50 metres from Hole PT-15-84, and 1.47 g/t over 45.50 metres, including 3.84 g/t Au over 7.50 metres and 1.74 g/t Au over 11.00 metres from Hole PT-15-85. All mineralized intersections and gold assay results received to date from the recent program are shown below.
“We are very pleased to once again report positive results from new drilling on the Sakami project during the latest exploration program,” said Jean-Sebastien Lavallée, Chief Executive Officer of Canada Strategic Metals. “The intersection of more than 45 metres with significant gold grades augers well for future drilling in the extension of the zone. It is also very encouraging to see higher grade zones within the wider intersections.”
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 program
|Hole #||From (m)||To (m)||Length* (m)||Au (g/t)|
* Core length; the Company estimates the true width of the mineralized zone at 70 to 90% of the core length.
The 2015 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 were delivered, in secure tagged bags, directly to the analytical facility for analysis, in this case ALS Minerals laboratory facility 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 (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder 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 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. Geo
Chief Executive Officer
Paradox Public Relations
Momentum relations publiques
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