• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Canada Strategic Reports High-grade Gold Discovery at Sakami

    Kristen Moran
    Apr. 20, 2015 04:05PM PST
    Precious Metals

    On Monday, the company reported the discovery of a new high-grade gold zone at its Sakami project. Intersections include up to 6.86 g/t gold over 9.6 meters, including 9.49 g/t gold over 6.5 meters, in hole PT-15-87.

    Investors watching Canada Strategic Metals (TSXV:CJC) know that the company has already announced positive results from a 2,000-meter drill campaign aimed at testing extensions of Zone 25 at its Sakami project.

    Nevertheless, they were no doubt pleased to see it release further good news on Monday. Specifically, the company reported the discovery of a new high-grade gold zone with intersections of up to 6.86 g/t gold over 9.6 meters, including 9.49 g/t gold over 6.5 meters, in hole PT-15-87.

    Further highlights include 1.41 g/t gold over 22.5 meters and 0.94 g/t gold over 13.75 meters in hole PT-15-86.

    Those results not only confirm the potential for the discovery of enrichment zones within Zone 25, but also confirm the northwest extension of hole PT-14-79, which was drilled in 2014 and returned 6.93 g/t gold over 12 meters, including 11.35 g/t gold over 6 meters.

    Canada Strategic’s CEO, Jean-Sebastien Lavallee, said in a press release, “[t]his high-grade gold discovery is very significant for future exploration at Sakami.” He also noted that it confirms the potential for high-grade mineralization.

    The drill program those results come from finished up in March and consisted of seven holes for a total of 2,049 meters; it ultimately saw Zone 25 tested over a strike length of more than 250 meters and to a depth of over 500 meters along its plunge. To date, the company has received assay results from four holes from the program, with results from two holes being announced Monday.

    The holes reported previously also returned wide gold-bearing intersections, including 1.29 g/t gold over 54.5 meters in hole PT-15-84; in turn, that includes 3.03 g/t gold over 6.5 meters and 2.5 g/t gold over 7.5 meters. For its part, hole PT-15-85 returned 1.47 g/t gold over 45.5 meters, including 3.84 g/t gold over 7.5 meters and 1.74 g/t gold over 11 meters.

    Investors have reacted to Monday’s news positively, with the Canada Strategic’s share price rising 5.56 percent, to $0.095, by end of day Monday. The company’s share price has risen an impressive 90 percent year-to-date. Matamec Explorations (TSXV:MAT) is Canada Strategic’s partner on the project, and its share price was up 12.5 percent, at $0.045 by close of day Monday.

     

    Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.

    Editorial Disclosure: Canada Strategic Metals is a client of the Investing News Network. This article is not paid-for content. 

    Related reading:

    Canada Strategic Building a Resource at La Loutre: CEO Jean-Sebastien Lavallee.

    matamec explorationscanadatsxv:matstrategic metalscanada strategic metalsgold investingtsxv:cjcla loutre
    The Conversation (0)
    Go Deeper
    AI Powered
    Goldspot Discoveries AI-Targeted Drilling Discovers New Zone Containing 19.0m of 92.86 gpt Gold in Newfoundland, Canada

    Goldspot Discoveries AI-Targeted Drilling Discovers New Zone Containing 19.0m of 92.86 gpt Gold in Newfoundland, Canada

    Puma Samples High Grade Outcrop at Its Flagship Triple Fault Gold Project, New Brunswick

    Puma Samples High Grade Outcrop at Its Flagship Triple Fault Gold Project, New Brunswick

    Latest News

    Completion of Silver Acquisition & Appointment of New Managing Director

    Asara raises $25m to accelerate exploration at Kada

    Quarterly Activities Report

    Quarterly Report and Appendix 5B June 25

    Quarterly Appendix 5B Cash Flow Report

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    LaFleur Minerals

     
    LFLR:CNX

    Pacgold

     
    PGO:AU

    Surface Metals

     
    SUR:CC

    Maritime Resources

     
    MAE:CC

    Triumph Gold

     
    TIG:CA

    Quimbaya Gold

     
    QIM:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×