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CAT Strategic Metals Provides Corporate Update
VANCOUVER, BC / ACCESSWIRE / May 6, 2021 / CAT Strategic Metals Corporation (CSE:CAT) (OTC PINK:CATTF) (FRA:8CH) ("CAT" or the "Company") announces the followin
About this update from Cat Strategic Metals Corporation
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / May 6, 2021 / CAT Strategic Metals Corporation (CSE:CAT) (OTC PINK:CATTF) (FRA:8CH) (\"CAT\" or the \"Company\") announces the following update on its Rimrock and Gold Jackpot mineral properties in Elko County, Nevada. Rimrock Gold-Silver Property CAT controls a 100% undivided ownership in the Rimrock mineral property, comprising 133 lode mining claims totaling approximately 1,663 acres. Rimrock adjoins and lies 4 km north of Hecla Mining Co.'s Hollister Mine and 16 Km southeast of Hecla's Midas gold-silver mine; both past-producing gold-silver mines on care-and-maintenance. Rimrock is situated directly on two of Nevada's largest gold-silver belts, the Midas and Carlin Trends. The center of the Rimrock property lies 77 km (46 mi) northwest of the major gold mining, residential, and drilling-hub city of Elko, Nevada. CAT has just completed a 43-101 compliant technical report on Rimrock, and is about to start a new program of geological mapping and rock chip sampling, and a geophysical program of drone aerial magnetics, a ground gravity survey, and 2-line induced polarization programs on both the Rimrock and Gold Jackpot properties, beginning in May. The Midas mine had initial ore reserves of 3 million ounces of high-grade gold and 25 million ounces of silver, in a setting very similar to Rimrock, along the Northern Nevada Rift volcanic belt. Rimrock also lies directly on the Carlin Trend, which extends through the property, northwest of the Goldstrike mines complex of Nevada Gold Mines LLC (Barrick and Newmont). Drilling exploration on Rimrock and Hollister also has found Carlin-style gold-silver mineralization, associated with the Eocene Hatter stock and possible offshoots. Exploration, reported in CAT's new technical report, has delineated 4 target areas that may have Midas-Hollister and Carlin-style gold-silver mineralization: 1) The Eastern Horst gold-silver target of both Carlin- and Midas-Hollister styles, with good-grade silver-rich halo mineralization found close to the surface by drilling in Paleozoic sedimentary rocks underlying volcanic cover. This target is a direct extension of the same NNW-trending structural zone on the Hollister property; 2) the Western Horst target with similar mineralization; 3) the Dilation gold-silver target zone in the northern part of the Rimrock property, which...