Strategic Metals Finds New High-grade Gold Mineralization

Strategic Metals Ltd. (TSXV:SMD) announced the discovery of new high-grade gold mineralization at its Yukon-based Hartless Joe property.
As quoted in the press release:

The Hartless Joe property lies within Stikina, an accreted island arc terrane that extends through northern British Columbia into Yukon. Stikina hosts important epithermal vein and exhalite deposits such as the Primer Mine, Brucejack Deposit, and Eskay Creek Mine.
The new discovery lies on the lower slopes of an alpine valley, within a 500 by 250 m area containing scattered mineralized talus and strong gold and copper soil geochemical anomalies. A continuous chip sample taken across the discovery outcrop graded 60 g/t gold, 554 g/t silver, 5.01% lead, and 0.35% copper over 1.2 m. The chip sample was taken from a quartz-rich band that is either an exhalite horizon or a flat-lying vein. The band is exposed at the base of a small cliff. Although the main rock types in the area are mafic to intermediate volcanic flows and volcanoclastic rocks, the immediate hanging wall of the mineralized band is pyritic siltstone. The bottom contact of the band is covered by talus. Boulders and small outcrops of pale green volcanic or volcaniclastic rock containing semi-massive pyrite and minor chalcopyrite were found approximately 15 m uphill from the gold-rich outcrop. A sample with semi-massive pyrite returned 0.33% copper but low values for gold and silver.

Click here to read the full Strategic Metals Ltd. (TSXV:SMD) press release.