CAT Strategic Metals Files Rimrock NI 43-101 Technical Report

CAT Strategic Metals Corporation (CSE:CAT)(OTC PINK:CATTF)(FRA:8CH) ("CAT" or the "Company") announces the following update on its Rimrock Gold-Silver mineral property in Elko County, Nevada

Rimrock Gold-Silver Property

CAT has completed and filed its new NI 43-101 compliant technical report on the Rimrock Gold-Silver property, produced by Gregory C. Ferdock, Certified Professional Geologist (C.P.G.) and a qualified person under NI 43-101. Mr. Ferdock is the Company's independent consulting geologist.

The Rimrock Property is situated 16 Km northwest of the giant Goldstrike Mine complex of Nevada Gold Mines LLC. Rimrock lies in between the large Midas and Hollister gold-silver mines of Miocene age, owned by Hecla Mining, in the Northern Nevada Rift ("NNR") low-sulfidation gold-silver province. In addition, Carlin Trend sediment-hosted gold mineralization extends directly through the Rimrock property from Hollister, along the NNW-trending Eastern Horst block. Fluids related to the Eocene Hatter stock mineralized Paleozoic sedimentary rocks at Hollister, and CAT interprets that similar gold-silver mineralization occurs at Rimrock, along the major regional fault system that goes through both Rimrock and the Hollister Mine.

Three main gold-silver target areas are presently known at Rimrock, and a large-size bentonite mine target locally overlies the gold-silver mineralization.

  1. Ivanhoe Creek: Midas- and Carlin-style gold-silver. Two large NNW-trending uplifted host fault blocks are interpreted to have formed prior to the time of Carlin-age age gold, and then were re-activated at the time of the mineralization. WNW-trending faults also existed at Hollister. A zone of strong sediment-hosted silver-gold mineralization was drilled into the Eastern Horst faults area in 2007 for Kent Exploration, discovering possibly disseminated Carlin-age silver-gold-tungsten mineralization in mudstone and quartzitic sandstones, fed through the main NNW-trending fault zones. This mineralization conceivably could be a silver-rich halo above Carlin-style gold mineralization at further depth, along the periphery of the Hatter stock system. Additional Miocene low-sulfidation gold-silver mineralization appears to be present here also, as determined by geochemistry.

  2. Dilation: Midas-Hollister-style low-sulfidation gold-silver targets are present along the NNE-trending IC Fault system in the northern part of the Rimrock property. Structurally-controlled mercury-bearing mineralization is present in and near the IC Fault, which is believed to also be a pre-Carlin age structure that was reactivated and host to different events of mineralization. A large fault jog is present, here termed the "Rhombochasm" zone. This is over 200 meters wide and 1 km long, forming a major structural target for gold-silver mineralization. A controlled-source audio magnetotelluric ("CSAMT") geophysical survey conducted here in 2013 verified the target zone. The most likely drilling target will be in this fault jog at the 5100-foot (1555m) MSL elevation level, which was the centroid elevation of the main high-grade gold-silver ore mineralization in the Clementine/Guinevere vein systems mined at Hollister. Potential exists for the discovery of open pitable gold-silver mineralization here as well.

  3. Columbus Breccia: the Columbus Breccia target in the northeastern part of the Rimrock property is a brecciated zone that cuts flow domes of Columbus Rhyolite (14.92 Ma), with silica and mercury-silica mineralization locally filling fractures and breccias.

These gold-silver targets will be evaluated by more surface mapping and sampling will be conducted here prior to modeling and further drilling.

  1. IC Bentonite: In addition to the gold-silver target areas, a large-size occurrence of bentonite is covered by the central part of CAT's claims, that overlies the gold-silver bearing strata. Bulk sampling of this deposit took place in the 1980s, and Halliburton examined the occurrence in the late 2000s. Further work is being done on the bentonite to determine its possible economic value.

About CAT Strategic Metals Corporation:
CAT Strategic Metals Corporation is a Canadian based mineral exploration company focused on the acquisition and de risking of overlooked projects situated in well-established World Class geological districts in North America. The Company is specially focused on minerals which are considered highly strategic from a monetary as well as global infrastructure and energy point of view. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", on the OTCMarkets.com under the trading symbol "CATTF", and on the Frankfurt Stock Exchange under the symbol "8CH".

ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO

Further information regarding the Company can be found on SEDAR at www.SEDAR.com, by visiting the Company's website www.catstrategic.com or by contacting the Company directly at (604) 674-3145.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted exploration outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will be found or have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbour

SOURCE: CAT Strategic Metals Corporation



View source version on accesswire.com:
https://www.accesswire.com/646934/CAT-Strategic-Metals-Files-Rimrock-NI-43-101-Technical-Report

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Two people shaking hands in office with city skyline view.

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028.

Raygorodok is reportedly among the largest and most technologically advanced gold projects in Central Asia. It produced 6 metric tons of gold in 2024 at a production cost of US$796 per ounce, excluding non-cash items.

Keep reading...Show less
Map of Ontario, Canada, with "Top 5 Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Onyx Gold Shines with 118 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27).

The data shows a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

Keep reading...Show less
Gold bars with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: GBM Soars on AU$13 Million Raise

Welcome to the first edition of the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

In significant news for Australia's iron sector, mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), together with its joint venture partner Hancock Prospecting, said on Tuesday (June 24) that the partners will invest a combined US$1.6 billion to develop the Hope Downs 2 iron ore project in the Pilbara region, Western Australia.

Companies focused on antimony and gold have also been making news this week, such as Resolution Minerals (ASX:RML) announcing its acquisition of the Horse Heaven project in Idaho, US, and Ausgold (ASX:AUC,OTC Pink:AUSGF) signing an agreement to acquire Critica’s (ASX:CRI,OTC Pink:VTMLF) Kulin gold project in Western Australia.

Keep reading...Show less

Latest Press Releases

Related News

×