Canada Strategic Metals Inc. (TSXV:CJC,FWB:YXEN;OTCBB:CJCFF) and Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) have announced results from holes PT-14-76 to PT-14-80, which were drilled during March and April during CSM’s latest exploration program at 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. Additionally, the results have also confirmed that the contact corridor between the Opinaca-La Grande volcano-sedimentary sub-provinces is fertile for significantly-enriched gold mineralization.
As quoted in the press release:
The Company has received the assay results for five additional holes, PT-13-76 to PT-13-80, 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, particularly Hole PT-14-79, which returned 2.51 g/t Au over 48.20 metres, including 6.93 g/t over 12.00 metres, 11.35 g/t Au over 6.00 metres and 3.06 g/t Au over 7.50 metres. All the mineralized intersections and assay results received to date are shown below.
Canada Strategic Metals CEO, Jean-Sebastien Lavallée, said:
Our company is very pleased to confirm the potential for high grade gold zone at the Sakami project, as well as the extension of the main zone, Zone 25, at depth and along strike. 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 once again confirm the Sakami project’s gold potential. We are looking forward to receiving the results for the last three holes, drilled 50 metres south and 50 and 100 metres west-northwest of Hole PT-14-79, along its plunge.