Precious Metals

CAT Strategic Metals Corporation (CSE:CAT) ("CAT" or the "Company") is pleased to advise that further to its news release of April 4, 2022, the Company has signed an agreement with Balch Exploration Consultants ("BECI") of Mississauga, Ontario, to carry out an approximate 1,000 line-kilometre detailed helicopter-borne geophysical survey. This survey will cover two key portions of the Company's flagship South Preston Uranium Property, which is located on the southwestern margin of the Athabasca Basin, approximately 35 km from the Fission Uranium Corp.("FCU") and NexGen Energy Ltd. ("NXE") uranium deposits in the Patterson Lake South area. CAT's property lies adjacent to, and directly on-strike with, EM conductors attributed to graphitic metasediments recently discovered less than a kilometre away by Azincourt Energy Corp. ("AAZ") as well as historical conductors that were discovered in the 1970s by Denison Mines. The combined airborne EM and magnetometer survey scheduled for completion in May using the advanced AirTEM system will explore areas not previously surveyed by EM and only partially covered by historical reconnaissance-level radiometric surveying

This geophysical survey forms part of an integrated, multi-stage exploration program being managed for CAT by well-known exploration consultants Watt, Griffis and McOuat Limited ("WGM"), who were engaged in October, 2021 for the purpose of evaluating and exploring the South Preston property for economically viable uranium mineralization. WGM's comprehensive review of historical reports, completed in January, revealed that the South Preston property covered geological terrane just south of the margin of the southern Athabasca Basin generally comparable to the Patterson Lake South area. It also revealed the presence of untested zones of anomalous radioactivity in bedrock and the occurrence of uranium mineralization at one site associated with sheared graphitic metasedimentary rocks. These historical reports made little or no mention of follow-up exploration in these areas which lie adjacent to the current Athabasca unconformity. WGM concluded that the minimal follow-up exploration in the 1970s and 1980s was due to the absence of sandstone cover which was assumed at the time to be a vital component of the geological model and exploration targeting, and that overall, the South Preston property merited further exploration using current technology and concepts.

Based on his experience in uranium exploration in the Athabasca Basin in the 1970's and 1980's for Gulf Minerals Canada Limited, WGM's Vice-President and project manager Al Workman, P.Geo., noted similarities to the South Preston project and remarked in communications to CAT management that "Many current explorers in the Athabasca Basin have forgotten, or perhaps were never aware, that Gulf's original 1967 exploration program that discovered the Rabbit Lake Mine came very close to failing. Due to its focus on sandstone-type deposits, the radiometric anomaly that led eventually to the Rabbit Lake discovery was initially ignored because it occurred in an area lacking Athabasca sandstone cover. Persistence and Gulf's willingness to re-evaluate its assumptions led to that discovery which arguably changed the world of uranium exploration".

CAT management and WGM look forward to the results of the forthcoming geophysical surveying, which will be a key first step in the process of exploring the South Preston Uranium Property. A summer program is planned which will entail ground follow-up by a WGM geological team in favourable areas, particularly where conductors are identified.

About WGM

Founded in 1962, WGM is Canada's longest operating independent firm of geological and mining consultants providing professional services meeting global standards to the mineral resource industry. WGM has been involved in more than 3,000 mineral projects around the world, and its staff has made significant contributions to a number of important mineral discoveries and new mines. Notably among them are the Mary River iron deposits on Baffin Island, the Asbestos Hill in Quebec, and the Greens Greek silver-gold-zinc mine and the Pogo gold mine; both of which are located in Alaska. Additionally, as acknowledged by the original owner, Cominco, WGM played a major role in the recognition of the massive Red Dog Pb-Zn mine in Alaska as a high-priority exploration target.

About CAT Strategic Metals Corporation (CAT):

CAT Strategic Metals' corporate strategy, as reflected in its overall Mission Statement, is to source, identify, acquire and advance property interests located in mineral districts proven to have world-class potential, primarily for gold and copper. In addition to the priority South Preston Uranium Project, CAT' is focused on advancing the Burntland Project located northeast of St. Quentin in the Restigouche County, New Brunswick, Canada, directed at the exploration and development of several Skarn-hosted copper-silver, gold targets and the Gold Jackpot strategic metals property located NE of Elko, Nevada, in the Pequop gold-copper trend with multiple targets for gold-silver, copper, and tellurium. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", and on the Frankfurt Stock Exchange under the symbol "8CH".

ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO

Further information regarding the Company can be found on SEDAR at www.SEDAR.com, by visiting the Company's website www.catstrategic.com or by contacting the Company directly at (604) 674-3145.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted exploration outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will be found or have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbour.

SOURCE: CAT Strategic Metals Corporation



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https://www.accesswire.com/697206/CAT-Announces-Imminent-Start-to-Contracted-Heli-borne-AEM-Survey-of-its-South-Preston-Uranium-Project-in-the-Athabasca-Basin

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CAT:CNX
CAT Strategic Metals

CAT Strategic Metals

Overview

As investors attempt to mitigate the risks associated with the commodities cycle while still gaining exposure to its rich opportunities, resource companies with diversified portfolios may provide an exciting solution.

Diversified metal portfolios, as opposed to limited individual metal sectors, are hedged against price declines for a given commodity providing a less risky and more valuable investment for investors. Portfolio diversification also allows mining companies to improve cash flow and capitalize on the width and breadth of metal and mineral markets while managing fluctuating commodity values.

One such company is CAT Strategic Metals (CSE:CAT, OTC:CATTF, FRA:8CH), a mineral exploration company focused on the acquisition and exploration of diversified and strategic North American mineral projects. The company’s current projects include a wide range of minerals and metals including gold, silver, uranium, copper and tellurium.

“We look for undervalued projects that have already had exposure, that already had some work done in the past, that maybe had been abandoned over time for a variety of reasons, but still have good potential going forward,” said CAT Strategic Metals CEO Robert Rosner in an interview with INN.
CAT Strategic Metals employs a hybrid model that seeks out, analyzes, and acquires projects that have strong potential given past diverse mineral outputs and supporting samples. This hybrid model saves the company from spending time and resources on discovery and exploration of uncharted areas like other mining companies do. The company also takes advantage of strategic positioning by locating projects in mineral-rich regions of the world and near high-yielding mines such as Hecla Mining Company’s Hollister Nevada and Midas Nevada gold-silver mines.

The Rimrock project is located in the mining-friendly jurisdiction of Nevada in the US, only 15 km southeast of Hecla Mining’s (NYSE:HL) high-grade Midas gold-silver mine and 3 km north of the Hollister gold-silver mine. Near-surface mineralization shows the potential for the property to host several high-grade, low sulfidation, gold and silver deposits, as well as for Carlin-style gold deposits at greater depths.

The Gold Jackpot is located in the prolific Elko district in northeastern Nevada, 100 km north of Nevada Gold Mines’ Long Canyon gold mine. Other notable projects in the same region are Phoenix Copper-Gold, Roninson porphyry copper-gold, Turquoise Ridge/Getchell Mine, Twin Creeks, Goldstrike and Carlin-Mike Cu-Bluestar-Exodus gold. The company believes that Gold Jackpot has potential for Porphyry Copper-, Emperor, Fiji-, Carlin- and Midas Style deposits and Exploration Models.

CAT Strategic Metals also has two other strategic projects: the Burntland project (copper, silver and gold) in New Brunswick and South Preston project (uranium) in Saskatchewan.

CAT Strategic Metals has completed geologic mapping, sampling, Gravity-, MAG- and now is conducting Induced Polarization surveys of large-scale gold-silver targets on the Rimrock and Gold Jackpot projects. The company intends to define drill targets on both projects based on the results from these diverse programs.

CAT Strategic Metals links its success to a few key factors including its strategic alliances and acquisitions and its highly skilled management team. The company has relatively low overhead when compared to its counterparts in the industry, which has made the company highly efficient in obtaining funding and operationalizing its projects.

The company’s management team is well-experienced in the mining and exploration industry, maintaining current positions at Lucky Minerals Inc. (TSXV:LKY), EMGold Mining Corporation (TSXV:EMR) and Tarku Resources Ltd. (TSXV:TKU) and former management positions at Stria Lithium (TSXV:SRA) and Osisko Mining Corporation Canada (TSX:OSK).

Company Highlights

  • CAT Strategic Metals’ current projects focus on a wide range of minerals and metals including gold, silver, uranium, copper and tellurium in mining-friendly areas.
  • CAT Strategic Metals employs a hybrid model of acquiring mines that have been abandoned but maintain strong potential given past mineral outputs and sample indications which allows for bypassing of the discovery phase.
  • The company has two projects in Nevada: Rimrock and Gold Jackpot; and two projects in Canada: Burntland (copper, silver and gold) in New Brunswick and South Preston (uranium) in Saskatchewan.
  • The Rimrock project is located in the prolific Carlin and Midas trends and hosts near-surface mineralizations with the potential for high-grade, low sulfidation gold and silver deposits, as well as larger Carlin-style gold deposits at depth. The property is only 15 km southeast of Hecla Mining’s high-grade Midas gold-silver mine.
  • The Gold Jackpot is located in the prolific Elko district in northeastern Nevada, 100 km north of Nevada Gold Mines’ Long Canyon Gold Mine. Gold Jackpot potentially has porphyry copper, Emperor gold-tellurium, Carlin- and Midas-style exploration models.
  • The company’s management team has a long history of success in the mining and exploration industry including currently held positions at reputable mineral exploration companies.

Key Projects

Rimrock Project

The Rimrock project is located in the Elko district of Nevada, US near Hecla Mining Company’s Hollister Nevada and Midas Nevada mines, which to date have yielded 0.5 million ounces of high-grade gold-silver and 2.2 million ounces of high-grade gold and 25 million ounces of silver, respectively. The property sits on the Carlin Trend and the Midas Trend, which are prolific gold mine producing areas. The project also has an extensive infrastructure to support year-round operation on the 1,162-hectare land package.

The Rimrock project is a multi-target gold and silver system situated 15 km southeast of Hecla Mining’s high-grade Midas gold-silver mine, 13 km from new high-grade Green Racer Sinter gold-silver discovery and 3 km north of its Hollister gold-silver mine. Rimrock has the potential for shallow epithermal systems, similar to the Midas and Hollister mines, which are low sulfidation, high-grade gold deposits, and the potential for deeper Carlin-type gold deposits.

Mapping, sampling, gravity, and drone MAG survey programs have been completed in 2021, and a high resolution deep-seeking Induced polarization survey is now underway. Geologic mapping and rock-chip sampling has uncovered three new gold-silver drilling targets, bringing CAT Strategic Metals a total of five drilling targets to pursue in coming months.

Gold Jackpot Project

The Gold Jackpot project is located in the Elko district in northeastern Nevada, US which is believed to host a porphyry copper-, Emperor, Fiji-style Au-Te, Carlin-style Au, and Midas-style gold-silver exploration models. The project’s region is highly mineralized and sits on the Pequop Gold-Copper Trend, located east of the Battle Mountain-Eureka Trend, Getchell Trend and Carlin Trends, which are copper- and gold-rich areas. The project is located near high-yielding copper and gold mines such as Long Canyon, Robinson Copper-Gold, Phoenix Copper-Gold, Turquoise Ridge/Getchell Mine, Twin Creeks, Goldstrike and Carlin-Mike Cu-Bluestar-Exodus.

Gold Jackpot has had substantial historical exploration completed from the 1980s to the early 2000s including 27 drill holes completed by Tenneco from 1988 to 1989. The project has multiple exploration targets including the Carlin-style gold target that sampled up to 16 g/t of gold, a diatreme-porphyry copper-gold system and the gold-silver-tellurium-gold-silver target that yielded up to 4 kg/t of tellurium.

Interpretation of a drone-based magnetic, ground-based gravity surveys and induced polarization lines at the have been completed and defined two distinct geophysical anomalies in two locations. The surveys have also confirmed that the southern anomalies represent a diatreme-porphyry-style target, while the northern anomalies represent a Carlin-style gold target.
Planning for a follow up exploration program is underway.

South Preston Project (Uranium)

The South Preston project is located southwest of the uranium-rich region of the Athabasca Basin in Saskatchewan, Canada.

The project has more than 10 km of adjacent property bordering NexGen Energy Ltd. which recently discovered the high-grade Arrow uranium deposit. Another recent discovery in the region belongs to Fission Uranium Corp. which discovered the Triple R uranium Lake South deposit. The project also has more than 18.5 km of a continuous boundary with Orano which is a leading global uranium producer. Additionally, South Preston has 50 km of contiguous claim border with Azincourt Energy Corporation.

The South Preston project could potentially host the extension of a priority uranium exploration corridor extending from NexGen Energy Ltd.’s Rook-1 Project to Azincourt Energy Corp.’s East Preston Uranium project nearby.

Burntland Project (Copper, Silver and Gold)

The Burntland Project is located in the northern portion of New Brunswick, Canada in a region with high-grade silver, gold and copper potential. The project is accessible year-round with highways and logging roads. Burntland is located near the large-scale VMS Bathurst mining district and is adjacent to McKenzie and Rocky Brook regional fault systems.

Mineralization in the area is hosted within skarns, proximal to intruding porphyry dykes. Assay results show high-grade copper mineralization as high as 16.3 percent Cu and silver mineralization as high as 220 g/t Ag. The project has five targets that are believed to contain copper mineralization in porphyry systems based on associated geological factors.

The company has completed a drone MAG survey in 2021 to detect and delineate key geological targets. Additional high resolution Quadri-MAG, VLF, Heli Borne Survey is planned for the fall, with diamond drilling planned for fall/winter of 2021.

Management Team

Robert Rosner – Chairman of the Board, President & CEO

Robert Rosner has over 30 years of extensive experience as a mining industry entrepreneur and executive. Rosner is acting Chairman and CEO of CAT Strategic Metals Corporation. Rosner is also the director and former executive of Lucky Minerals Inc. and a director and CFO of EMgold Mining Corporation. He was instrumental in founding several junior exploration mining companies where he played significant roles in the management and growth of these companies. These included multiple resource ventures that were involved in early-stage exploration, resource location, delineation and development.

Rosner has been an officer and director of both Canadian and U.S. listed companies, providing senior management of compliance reporting, oversight and other fiduciary capacities and directing corporate activities. He also has significant experience in initial public offerings (IPO), mergers and acquisitions and reverse takeovers (RTO).

Steven Cozine – CFO & Corporate Secretary, Director

Steven Cozine has over 25 years of experience as an officer and director of numerous publicly listed companies in the mining, industrial and high-tech sectors. His experience spans a wide range of corporate management responsibilities with a focus on governance and regulatory compliance, project management and corporate finance including private funding and prospectus offerings, human resources, strategic planning and corporate operations.

Sebastian Tang – Chief Financial Officer

Sebastian Tang has been involved in the accounting and preparation of the Company’s financial statements for the past several years and is well acquainted with CAT Strategic Metals and its projects. Additionally, Sebastian has significant experience in the financial management and planning of publicly listed issuers. He has held executive positions, including CFO and corporate controller in other public and private ventures. Before starting his own firm, he worked in public practice for 7 years, including two years at Ernst & Young, and 8 years in private practice with Hunter Dickinson Inc.

Julien Davy – Director

Mr. Davy began his career as an exploration geologist in the summer of 1996. His tenure includes assessing numerous projects at the exploration and/or advanced stages of development throughout Canada and abroad. Davy has been involved in numerous acquisitions and mining investment activities. Davy is currently the President & CEO of Tarku Resources Ltd. and concurrently has held the positions of President at Stria Lithium and a senior exploration geologist at Osisko Mining Corporation Canada.

Additionally, Davy was an investment consultant for SIDEX s.e.c. of Montréal. Davy also has been employed by numerous companies including NioGold Mining Corporation in Val-d’Or, Hecla Mining in Venezuela, Cambior Exploration Canada, Anglo-American Exploration and the Ministry of Natural Resources of Québec. In 2015, Davy co-founded, with Benoit Lafrance, Eureka Exploration, a private exploration company that was sold to Tarku Resources in June 2017. Davy is a member of the OGQ and Qualified Person (QP) according to National Instrument 43-101. Mr. Davy has a Master’s degree from the Université du Québec à Montréal and an MBA from HEC in Montréal.

Luis Martins – Director

Luis Martins is a geologist with over 30 years of experience in the exploration and mining sector. He graduated from the Faculty of Sciences of Lisbon in 1973 and has an MSc in Economic Geology from the same faculty in 1995 and also has completed several other national and international post-graduation courses. Martins previous roles include Director of the Mineral Resources Department at the Geology and Mining Institute, Director of the Mines and Quarries Department at the Directorate-General of Energy and Geology (the mining authority), Vice President of Colt Resources Inc., CEO of Ozdogou Portugal Mining and Exploration Lda. and Director of Assimagra (a Portuguese mining association). He has participated in numerous national and international research projects, especially in the mineral exploration, environmental geology and mining heritage fields. Martins is currently the President of the Cluster Portugal Mineral Resources.

CAT Strategic Metals Announces Non-Brokered Private Placement to Raise up to CDN$1.5 Million, for Which Firm Commitments of CDN$900k Have Been Obtained

CAT Strategic Metals Announces Non-Brokered Private Placement to Raise up to CDN$1.5 Million, for Which Firm Commitments of CDN$900k Have Been Obtained

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CAT Strategic Metals Corporation (CSE:CAT)(OTC PINK:CATTF)(FRA:8CHA) ("CAT" or the "Company") announces that it intends to raise up to CDN$1,500,000 by way of a non-brokered private placement of 50,000,000 units (the "Units"), at a price of CDN$0.03 per Unit (the "Private Placement"), for which firm commitments of CDN$900,000 have been obtained. Each Unit will be comprised of one common share in the capital of the Company (a "Share") and one whole non-transferable share purchase warrant (a "Warrant"). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.05 per Share for a period of 36 months from the date of issuance

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CAT Strategic Metals Completes Diamond Drill Program on Burntland Project; Provides Corporate Update on Rimrock Gold Property and A Focus on The South Preston Uranium Project in Canada's Prolific Athabasca Basin.

CAT Strategic Metals Completes Diamond Drill Program on Burntland Project; Provides Corporate Update on Rimrock Gold Property and A Focus on The South Preston Uranium Project in Canada's Prolific Athabasca Basin.

CAT Strategic Metals Corporation (CSE:CAT) ("CAT" or the "Company") announces that it has completed the 7-hole diamond drilling campaign on its Burntland property in New Brunswick, and the core processing is completed. 904m of the total 1416m drilled were sampled and are currently being processed to be assayed at the ALS laboratory in Vancouver. Patrick Laforest, P.Geo, the Company's field project manager and designated QCQA geologist stated, "The core logs and visual analysis of the core itself are quite promising, with locally moderate to medium visual content of Chalcopyrite (copper sulfide), particularly in drill hole #6. In addition, the Pyrite, Pyrrhotite and Sphalerite content in the 7 holes is a beacon of optimism for the Assay results. "Assay results are expected to be provided by ALS this quarter

Rimrock Gold Property

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CAT Strategic Metals Announces Plan for Exploration of Its Large South Preston Uranium Exploration Property in the Athabasca Basinac

CAT Strategic Metals Announces Plan for Exploration of Its Large South Preston Uranium Exploration Property in the Athabasca Basinac

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The past decade of uranium exploration has proven the importance of thoroughly exploring outside the area now covered by Athabasca Group sedimentary rocks. These areas of basement exposure, once covered by the Athabasca, have recently yielded Fission Uranium's discovery at Patterson Lake South ("PLS"), the Triple-R deposit which hosts in excess of 102 Mlbs of U3O8. The CAT property is situated only 40 km to the southeast of PLS (Figure 2).

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CAT Strategic Metals Corp. Announces Completion of Detailed Review by WGM of its Large South Preston Uranium Exploration Property on the SW Margin of the Athabasca Basin, with Recommendations for Further Exploration

CAT Strategic Metals Corp. Announces Completion of Detailed Review by WGM of its Large South Preston Uranium Exploration Property on the SW Margin of the Athabasca Basin, with Recommendations for Further Exploration

CAT Strategic Metals Corporation (CSE:CAT) ("CAT" or the "Company") is very pleased to announce that the consulting firm Watts, Griffis and McOuat Ltd. ("WGM") of Toronto has completed an independent review of extensive historical and recent exploration data concerning areas on or adjacent to CAT's 206.8 km2 South Preston uranium exploration property located near the south-western margin of the Athabasca Basin in Saskatchewan, and east of recent discoveries by Fission Uranium and NexGen Energy (Figure 1

Figure 1: The CAT dispositions measuring 57 km from west to east are shown with a Google Earth image fill in the lower right corner of the view. The uranium deposits in the Patterson Lake Corridor are shown at upper left. The dispositions of other exploration companies are also shown.

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CAT Strategic Metals Expands Exploration Potential of Burntland Project Through Additional Land Acquisition

CAT Strategic Metals Expands Exploration Potential of Burntland Project Through Additional Land Acquisition

CAT Strategic Metals Corporation (CSE:CAT) ("CAT" or the "Company") announces that it has entered into a Property Acquisition Agreement (the "Agreement") dated November 30, 2021 with 9248-7792 Quebec Inc. ("9248") and Prospect Or Corp. ("POC", and collectively with 9248, the "Vendors") to acquire two additional claims comprised of 520 hectares of land (the "Property") that are adjacent and contiguous to the Burntland Project currently under option to the Company, as announced in a news release on September 17, 2020

Under the terms of the Agreement, the Vendors will assign, transfer and sell each of its rights, titles, and interests in and to the Property in exchange for CAT issuing a total of 7,000,000 common shares (the "Shares") to the Vendors. In addition, the Vendors shall retain a 2% Net Smelter Return (the "NSR") royalty, with CAT having the right to repurchase half of the NSR at any time in consideration of an amount of $1,000,000 being payable to the Vendors.

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  • All four proposals to shareholders were approved, including the election of all eleven director nominees; Kevin McArthur joins the Board
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NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 18, 2022 (the "Meeting"). All proposals were approved and all eleven director nominees were elected. A total of 277,994,591 or 83.43% of the Company's issued and outstanding shares were represented at the Meeting.

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