Canada Strategic Metals Inc. (TSXV:CJC,FWB:YXEN,OTC:CJCFF) and joint venture partner Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) discovered a high-grade gold zone at the Sakami gold project during recent drilling. The new results confirm the northwest extension of the Zone 25 envelope of gold mineralization. CEO Jean-Sebastien Lavallée said, “The intersection of 6.86 g/t Au over 9.60 metres, including 9.49 g/t Au over 6.50 metres, confirms the potential for high-grade mineralization. It also confirms the extension of Hole PT-14-79, drilled in 2014, which returned 6.93 g/t Au over 12 metres, including 11.35 g/t Au over 6 metres.”
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 Zone 25, the main gold zone, in the La Pointe sector of the Sakami property. Zone 25 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 at: www.csmetals.ca.
To date, the Company has received the assay results for the two more holes, PT-15-86 and PT-15-87, 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. Both holes returned wide gold-bearing intersections, including 1.41 g/t Au over 22.50 metres and 0.94 g/t Au over 13.75 metres from Hole PT-15-86, and 6.86 g/t over 9.60 metres, including 9.49 g/t Au over 6.50 metres from Hole PT-15-87.
“This high-grade gold discovery is very significant for future exploration at Sakami,” said Jean-Sebastien Lavallée, Chief Executive Officer of Canada Strategic Metals. “The intersection of 6.86 g/t Au over 9.60 metres, including 9.49 g/t Au over 6.50 metres, confirms the potential for high-grade mineralization. It also confirms the extension of Hole PT-14-79, drilled in 2014, which returned 6.93 g/t Au over 12 metres, including 11.35 g/t Au over 6 metres.”
The Company will release the results for the remaining holes as soon as they have been received and compiled.
Click here to read the Canada Strategic Metals Inc. (TSXV:CJC,FWB:YXEN,OTC:CJCFF) press release
Click here to see the Canada Strategic Metals Inc. (TSXV:CJC,FWB:YXEN,OTC:CJCFF) profile.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1823.08 | -7.93 | |
| Silver | 21.15 | +0.01 | |
| Copper | 3.76 | +0.02 | |
| Palladium | 1871.00 | -6.00 | |
| Platinum | 912.00 | +1.00 | |
| Oil | 109.75 | +2.13 | |
| Heating Oil | 4.14 | -0.11 | |
| Natural Gas | 6.45 | +0.23 | |