Mr. Douglas Eaton reports
STRATEGIC METALS LTD. ANNOUNCES 2018 EXPLORATION PLANS
Strategic Metals Ltd. has released 2018 exploration plans for a number of its wholly owned properties.The exploration program is scheduled to include 4,000 metres of diamond drilling on two properties and surface work on 18 other properties, located in relatively accessible regions of Yukon, Northwest Territories and Northern British Columbia.
Drill programs
The 2018 drill program at the Saloon property will target copper-silver-plus-or-minus-gold mineralization that occurs in multiple horizons and nearby quartz veins.The mineralization is thought to be associated with an extensive volcanic-hosted sulphide system hosted by highly prospective units of the Finlayson assemblage.A total of 1,000 metres of drilling are planned to evaluate precious-metal-rich copper mineralization at the Stampede zone, where a 2016 diamond drill hole intersected four mineralized horizons, including one that graded 0.40 per cent copper and 128.46 grams per tonne silver over 30.23 m.The drilling will also test nearby historical underground workings located about 200 m along strike to the north. Rock samples from old dumps at these workings assayed up to 10.37 per cent copper and 44.57 g/t gold.
The road-accessible Hopper property hosts a three-kilometre-by-two-kilometre hydrothermal system that includes numerous mineralized skarn horizons flanking undrilled calc-alkaline porphyry targets.A total of 3,000 m of drilling are planned in 2018 to evaluate porphyry copper-gold-molybdenum mineralization and related alteration associated with the Casino Suite-aged (78 million years old) Hopper pluton.Casino Suite plutons are associated with most porphyry deposits in the Dawson Range of southwestern Yukon.Historical drilling on the property has focused on copper-gold skarn mineralization peripheral to the Hopper pluton.Highlight results from this drilling include 1.94 per cent copper and 0.87 g/t gold across 18.59 m (true thickness approximately 12 m), 9.44 g/t gold and 0.01 per cent copper over 2.0 m within a broader interval that averaged 3.35 g/t gold and 0.43 per cent copper across 7.5 m, and 12.15 g/t gold and 0.95 per cent copper over a true width of 2.65 m and 43.6 g/t gold over 1.0 m true width.The only diamond drill hole located near the porphyry targets averaged 0.17 per cent copper over 162.85 m.
Surface programs
Surface work is scheduled for 18 of Strategic's other properties.This work will include various combinations of mapping, prospecting, soil sampling, hand trenching and induced polarization geophysical surveying, with the objective of readying as many of those targets as possible for future drilling.
Strategic currently has class 3 land-use approvals for large drill programs on 14 of its projects.All of Strategic's projects are wholly owned and nearly all have no underlying royalties attached to them.Strategic is discussing potential options for some of the projects with other parties and invites new inquiries.
Maps and figures pertaining to the properties described above, and to other drill-ready projects, are available at the company's website.
The 2018 exploration programs will be conducted by Archer, Cathro & Associates (1981) Ltd.Technical information in this news release has been approved by Heather Burrell, PGeo, a senior geologist with Archer Cathro and a qualified person for the purpose of National Instrument 43-101.All results reported in this news release have been previously released.
About Strategic Metals Ltd.
Strategic is a project generator with a portfolio of more than 130 projects that are the product of over 50 years of focused exploration and research by a team with a record of major discoveries.Projects include 113 wholly owned properties, six joint-ventures, six properties subject to a pending sale agreement and eight royalty interests.Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings, geochemical anomalies and geophysical features that resemble those at nearby deposits.
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