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Strategic Metals Announces Results of 2017 Exploration Program on Yukon Projects
VANCOUVER, British Columbia, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Strategic Metals Ltd. (TSX-V:SMD) (“Strategic”) is pleased to announce new discoveries and other
About this update from Strategic Metals Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Strategic Metals Ltd. (TSX-V:SMD) (“Strategic”) is pleased to announce new discoveries and other highlights from 2017 exploration programs it conducted on 11 of its 115 wholly owned Yukon properties. The most noteworthy results are summarized below: Vault is located between the Alaska Highway and the Wellgreen Deposit in southwest Yukon. Several sizeable very intense gold-in-soil anomalies (100 to > 10,000 ppb) have been outlined on hillsides flanking productive placer creeks that drain the property. A boulder composed of rusty quartz vein within pyritic sericitic schist was collected from one of the soil anomalies and returned 8.27 g/t gold. This highly prospective, well located orogenic gold target has never been drilled. Prospecting and soil sampling at Hartless Joe, which is located within Stikinia terrane in southern Yukon, doubled the size of the known precious metal system. Rock samples collected from new discoveries within a 6 x 2 km area assayed up to 49.8 g/t gold and 365 g/t silver. Epithermal and exhalite style mineralization at Hartless Joe resembles that found at some deposits in the Golden Triangle district of British Columbia. At Saloon, expanded soil geochemical surveys and recent prospecting have identified high priority drill targets along a 1.8 km trend, extending north from the Stampede Zone where a 2016 drill hole intersected multiple mineralized horizons including an interval grading 0.40% copper and 128.46 g/t silver over 30.23 m. This prospect lies within the highly prospective Finlayson Group and may be volcanogenic. Sawbuck is a brand new silver prospect located midway between the former Brewery Creek Mine and the Keno Hill Mining District, within the Tombstone Gold Belt. Four soil samples collected at 50 m intervals on a reconnaissance contour line averaged a remarkable 301 g/t silver with a peak of 662 g/t. Follow-up rock sampling returned 105 to 3,160 g/t silver. Cursory geological mapping suggests the mineralization has structural and stratigraphic controls. Reconnaissance sampling and prospecting at Rod focused on newly staked claims located within a belt of known showings that lie along the Dawson Thrust Fault immediately south of ATAC Resources’ Orion Project, which is su...