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Canada Strategic Metals Inc. (TSXV:CJC,OTCBB:CJCFF) and Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) announced the latest results from their March 2015 drill program. Results continue to confirm that the gold-bearing 25 zone remains open.
Canada Strategic Metals Inc. (TSXV:CJC,OTCBB:CJCFF) and Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) announced the latest results from their March 2015 drill program. Results continue to confirm that the gold-bearing 25 zone remains open.
As quoted in the press release:
The program, which consisted of seven holes for a total of 2,049 metres of drilling, was aimed at increasing the size of the ’25′ Zone, the main gold zone, in the La Pointe sector of the Sakami property. The ’25′ Zone, which at the outset of the program had been traced more than 200 metres along strike, to a depth of over 425 metres along its plunge, has now 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. The next drilling program, planned for the winter of 2016 near the shores of Sakami Lake, will test the west-northwest extension of the ’25′ Zone.
To date, the Company has received the assay results for Holes PT-15-88 to PT-15-90, from 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. All the holes returned wide gold-bearing intersections, including 0.96 g/t Au over 24.00 metres including 10.65 g/t Au over 0.85 metres in Hole PT-15-88; 3.32 g/t Au over 2.80 metres (new zone) and 0.53 g/t over 52.50 metres, including 2.39 g/t Au over 4.50 metres and 1.94 g/t Au over 7.50 metres in Hole PT-15-89; and 0.63 g/t Au over 42.00 metres, including 1.98 g/t over 4.50 metres in Hole PT-15-90.