Canada Strategic Metals’ First 2 Drill Holes Return Wide Gold-Bearing Intersections at Sakami

Company News

Canada Strategic Metals Inc. (TSXV:CJC,FWB:YXEN,OTC:CJCFF) reported results from the first two holes drilled during the March 2015 program on the Sakami gold project in Quebec. Both holes returned wide gold-bearing intersections, including 1.29 g/t Au over 54.50 metres, including 3.03 g/t over 6.50 metres and 2.50 g/t Au over 7.50 metres from Hole PT-15-84, and 1.47 g/t over 45.50 metres, including 3.84 g/t Au over 7.50 metres and 1.74 g/t Au over 11.00 metres from Hole PT-15-85. These results confirm that the Northwest of the Zone 25 envelope of gold mineralization is extended.

Canada Strategic Metals Inc. (TSXV:CJC,FWB:YXEN,OTC:CJCFF) reported results from the first two holes drilled during the March 2015 program on the Sakami gold project in Quebec. Both holes returned wide gold-bearing intersections, including 1.29 g/t Au over 54.50 metres, including 3.03 g/t over 6.50 metres and 2.50 g/t Au over 7.50 metres from Hole PT-15-84, and 1.47 g/t over 45.50 metres, including 3.84 g/t Au over 7.50 metres and 1.74 g/t Au over 11.00 metres from Hole PT-15-85. These results confirm that the Northwest of the Zone 25 envelope of gold mineralization is extended.

Table of mineralized intersections from the recent drilling program
Hole #From (m)To (m)Length* (m)Au (g/t)
PT-15-84169.00223.5054.501.29
Including169.00175.506.503.03
Including210.00217.507.502.50
PT-15-85148.50194.0045.501.47
Including148.50156.007.503.84
Including183.00194.0011.001.74

* Core length;the Company estimates the true width of the mineralized zone at 70 to 90% of the core length.

As quoted in the press release:

The program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Once this program is complete, Zone 25 will have 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.

To date, the Company has received the assay results for the two first holes, PT-15-84 and PT-15-85, drilled during 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 1.29 g/t Au over 54.50 metres, including 3.03 g/t over 6.50 metres and 2.50 g/t Au over 7.50 metres from Hole PT-15-84, and 1.47 g/t over 45.50 metres, including 3.84 g/t Au over 7.50 metres and 1.74 g/t Au over 11.00 metres from Hole PT-15-85. All mineralized intersections and gold assay results received to date from the recent program are shown below.

Canada Strategic Metals CEO, Jean-Sebastien Lavallée, said:

We are very pleased to once again report positive results from new drilling on the Sakami project during the latest exploration program. The intersection of more than 45 metres with significant gold grades augers well for future drilling in the extension of the zone. It is also very encouraging to see higher grade zones within the wider intersections.

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.

The Conversation (0)
×