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Canadian Metals Commences Exploration Program on Its Properties Located Near the Prolific Bathurst Mining Camp in New Brunswick, Canada
Montreal, Quebec--(Newsfile Corp. - October 16, 2023) - Canadian Metals Inc. (CSE: CME) ("CME") is pleased to announce current and upcoming exploration plans on
About this update from Silver Acadia Exploration Inc.
[{"type":"text","content":" Montreal, Quebec--(Newsfile Corp. - October 16, 2023) - Canadian Metals Inc. (CSE: CME) (\"CME\") is pleased to announce current and upcoming exploration plans on multiple properties located in New Brunswick, Canada near the prolific Bathurst Mining Camp where VMS style deposits were mined between 1957 and 2013; for a total production of approximately 179 Mt, with an average grade of 3.12% Pb, 7.91% Zn, 0.47% Cu, and 93.9 g/t Ag[1]. See Figure 1 for a map of CME's properties in the Bathurst Mining Camp. Field crews have initiated mapping and prospecting activities and are preparing for the upcoming drill programs. For more information on Canadian Metals please visit our recently updated website at www.canadian-metals.com Planned Exploration Program Highlights: Goldstrike Property (Figure 2) - The Goldstrike property claims are contiguous and to the west of CME's Nicholas-Denys property. The potential for mineralization in this land package is related to the Rocky Brook-Millstream deformation zone (RBMDZ), a major structural feature which includes the convergence of several major faults that runs from Beresford in the east across both Nicholas-Denys and Goldstrike properties, and to the southwest towards Puma's Lynx gold discoveries and CME's Oxford property. Canadian Metals made a new gold discovery in 2022, the Clarinda NE Extension, where results from trenching yielded up to 48.1 g/t Au over 1.0 m plus many other auriferous quartz veins. The company is planning to report the results from this work in the coming weeks. The zone is located in a similar geological environment to Puma's Lynx, Cougar and Jaguar discoveries. The brittle-ductile deformation of the Bejamine Rhyolite hosts a ±20-meter-wide system of auriferous quartz veins. At the east end of the property the four Millstream gold occurrences appear to be related to brittle-ductile deformation of mafic dikes. The Goldstrike property covers 26 km of the favourable Rocky Brook-Millstream deformation zone (RBMDZ). A team is mapping and prospecting the property to identify potential outcrops, structures, alteration zones and to conduct further sampling if warranted. CME will also complete a drone magnetic survey at the west end of the property to cover the favourable structural corridor. In addition, the Company will commence a ~1,200m drill program to test the Clarinda NE...