Strategic Metals has announced its 2018 exploration plans for a number of its wholly-owned properties. The exploration program is scheduled to include 4,000 m of diamond drilling on two properties and surface work on 18 other properties.
Strategic Metals (TSXV:SMD) has announced its 2018 exploration plans for a number of its wholly-owned properties. The exploration program is scheduled to include 4,000 m of diamond drilling on two properties and surface work on 18 other properties, located in relatively accessible regions of Yukon, Northwest Territories and northern British Columbia.
As quoted in the press release:
The 2018 drill program at the Saloon property will target copper-silver-gold mineralization that occurs in multiple horizons and nearby quartz veins. A total of 1,000 m of drilling is planned to evaluate precious metal-rich, copper mineralization at the Stampede Zone, where a 2016 diamond drill hole intersected four mineralized horizons, including one that graded 0.40 percent copper and 128.46 grams per tonne (g/t) of silver over 30.23 m. The drilling will also test near historical underground workings located about 200 m along strike to the north. Rock samples from old dumps at these workings assayed up to 10.37 percent copper and 44.57 g/t gold.
The road accessible Hopper property hosts a three kilometre by two kilometre hydrothermal system that includes numerous mineralized skarn horizons flanking undrilled calc-alkaline porphyry targets. Historical drilling on the property has focussed on copper-gold skarn mineralization peripheral to the Hopper pluton. Highlight results from this drilling include 1.94 percent copper and 0.87 g/t gold across 18.59 m (true thickness approximately 12 m); 9.44 g/t gold and 0.01 percent copper over 2.0 m within a broader interval that averaged 3.35 g/t gold and 0.43 percent copper across 7.5 m; and, 12.15 g/t gold and 0.95 percent copper over a true width of 2.65 m and 43.6 g/t gold over 1.0 m true width.