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CAT Strategic Metals Stakes New Claims Expanding the Gold Jackpot Mineral Property, Nevada
VANCOUVER, BC / ACCESSWIRE / February 2, 2021 / CAT Strategic Metals Corporation (CSE:CAT) ("CAT" or the "Company") announces that it has expanded the size of t
About this update from Cat Strategic Metals Corporation
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / February 2, 2021 / CAT Strategic Metals Corporation (CSE:CAT) (\"CAT\" or the \"Company\") announces that it has expanded the size of the Gold Jackpot mineral property (\"Property\") by staking more unpatented lode claims on a new Carlin- or porphyry-style gold-silver target within the Property. The 64 unpatented lode claims comprising the Property, totaling 535 hectares in size, are located 35 Km southeast of Jackpot, Nevada, in the Pequop gold-silver-copper Trend. It is adjacent to the eastern boundary of the Texas Canyon Carlin-style gold prospect of Peloton Minerals. CAT also has begun a compilation and interpretation of geophysical data that were performed or acquired by 3rd parties in the past. The Gold Jackpot Au-Ag-Te-Cu Property Gold Jackpot strategic metals property is in a highly mineralized region and has multiple outcrops that assayed high-grade silver, gold, and tellurium. It has exploration targets for each of these metals. Outcrops showing high-grade silver to 239 grams per tonne (g/t) Ag (7.6 oz/ton Ag) are present on the Property, with local high-grade gold to 16 g/t Au as well. High-grade outcrops of Tellurium-bearing rock (to 4 kg/t) also are present, and Tellurium is a key component in the solar panels of NYSE-listed First Solar Corporation. CAT staked a newly-discovered gold-silver-bearing jasperoid target area that CAT will sample, evaluate and fit into the big metallogenic picture at Gold Jackpot. It occurs in brecciated Paleozoic sedimentary rocks and could be of Carlin-style or related to the upper part of a porphyry copper-gold-silver system. Gold Jackpot has 3 different types of targets on the Property: 1) \"Stag's Leap\": a 6 Km long, fault-controlled block of Paleozoic rocks along a major regional range front fault system, with surface rock chip samples that assayed up to 239 g/t silver and to 16 g/t gold. Gold Fields and Tenneco drilled 27 shallow reverse-circulation drillholes to test for open-pitable gold mineralization, but tested only a small portion of the target area. CAT has some Tenneco maps and sections, but no Gold Fields data; 2) a porphyry copper-gold target system that could be overlain by a diatreme copper-gold-silver system that has invaded the surface parts of a wide, major NE-trending fault system. Dikes of quartz- feldspar porphyry crop out at Gold Ja...