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Strategic Metals Adds Craig Silver-Lead-Zinc Deposit to Its Crag & Rod Projects, East-Central Yukon
VANCOUVER, BC / ACCESSWIRE / March 17, 2022 / Strategic Metals Ltd. (TSX.V:SMD) ("Strategic"...
About this update from Strategic Metals Ltd.
[{"type":"text","content":"Strategic Metals Adds Craig Silver-Lead-Zinc Deposit to Its Crag & Rod Projects, East-Central YukonVANCOUVER, BC / ACCESSWIRE / March 17, 2022 / Strategic Metals Ltd. (TSX.V:SMD) (\"Strategic\") is pleased to announce that it has acquired through staking the Craig silver-lead-zinc deposit, located between its wholly-owned Crag and Rod projects in east-central Yukon. The Crag and Rod projects are situated in the Craig Belt, a subset of the 175 km long Rackla Belt, which is known for its high-grade silver-lead-zinc and gold deposits.\"The Craig Deposit is a key asset with a historical, inferred mineral resource estimate of 874,980 tonnes grading 123.4 g/t silver, 8.5% lead and 13.5% zinc*\" states Doug Eaton, Strategic's President and CEO. \"There is excellent potential to expand this historical resource and to outline new deposits within the highly prospective but under-explored Craig Belt, which Strategic has now fully consolidated.\"*Resources were estimated by Falconbridge Limited in the mid-1990's before the implementation of NI43-101, and therefore considered historical in nature. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or reserves and the issuer is not treating the historical estimate as current mineral resources or reserves.The Craig Deposit is situated approximately 145 km northeast of Mayo (Figure 1) and 10 km south of the Rackla Airstrip, a primary staging point for exploration programs in the Rackla Belt. Combined, the Crag and Rod projects comprise 1569 contiguous mineral claims, encompassing 31,200 hectares (312 km2). The claims cover numerous MVT-type and vein-hosted silver-lead-zinc occurrences and areas with Carlin-type pathfinder mineralization and alteration. The claims are located within the traditional territory of the Na-Cho Nyak Dun First Nation.Mineralization in the Craig area was first discovered in 1976 and, during the next few years, surface exploration and shallow diamond drilling identified a mineralized trend known as the Craig Belt, which includes six highly prospective silver-lead-zinc±copper occurrences: the Craig Deposit and Discovery, Trent, Azure, Nadaleen and Scott zones. Most of the mineralization in the Craig Belt is hosted within a southeast-trending unit of dolostone and lesser limestone belonging to the Algae Lak...