Business
CAT Strategic Metals Completes Initial Ground Follow-Up Exploration Over Geophysical Anomalies on South Preston Uranium Project
VANCOUVER, BC / ACCESSWIRE / February 9, 2023 / CAT Strategic Metals Corporation (CSE:CAT) (OTC:CATTF) ( FRA:8CH) ("CAT" or the "Company") announces an update t
About this update from Cat Strategic Metals Corporation
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / February 9, 2023 / CAT Strategic Metals Corporation (CSE:CAT) (OTC:CATTF) ( FRA:8CH) (\"CAT\" or the \"Company\") announces an update to the previously reported the completion of an airborne mag-EM geophysical survey in July, 2022 over portions of its South Preston Uranium Project in Canada's prolific Athabasca Basin. (The property outline is shown in Figure 1). Although very little exploration has been carried out on the property, historical and recent exploration in the surrounding area have outlined features that are summarized in Figure 2. Airborne geophysical surveying identified areas of high background radioactivity in western areas of the property and NE-striking conductors were located to the north and trending towards the CAT property. On-going exploration by Azincourt Energy Corp. (\"Azincour or AAZ\") has identified conductive corridors which have recently been drilled and have been shown to contain sheared, graphitic basement rocks that are commonly the host for uranium deposits elsewhere in the Athabasca Basin. Figure 2: The CAT property is outlined in yellow. The light blue areas left of centre are conductive corridors currently being explored by Azincourt with its drill holes shown as yellow dots. The light blue band located right of centre is a zone of graphitic metasedimentary rocks. Areas of elevated radioactivity from historical surveys are shown as yellow-filled polygons outlined by white. Red lines shown the location of EM conductors identified previously in thegeneral area. White traces, generally trending N-S or NW-SE, are lineaments interpreted to represent major fault zones. The approximate location of the Athabasca unconformity is indicated by the yellow line arcing across the top of the image from centre towards the right (east). The area of view is approximately 60 kilometres west to east with Lloyd Lake located at lower left. CAT's airborne EM and mag survey in the ‘Western Block' identified a series of NE-trending conductors, some of which are on-strike with the graphitic conductors currently being drilled by Azincourt on its adjacent property to the north (Figures 3 and 4). Another zone of interest surveyed as the ‘Eastern Block' is located in the general vicinity of surface uranium mineralization reported by Denison Mines in 1970. CAT's exploration is carried out und...