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Strategic Metals Announces the Start of a 7,000 m Drill Program at Its Mt Hinton Gold and Silver Project, Yukon
VANCOUVER, BC / ACCESSWIRE / July 27, 2020 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" o...
About this update from Strategic Metals Ltd.
[{"type":"text","content":"Strategic Metals Announces the Start of a 7,000 m Drill Program at Its Mt Hinton Gold and Silver Project, YukonVANCOUVER, BC / ACCESSWIRE / July 27, 2020 / Strategic Metals Ltd. (TSXV:SMD) (\"Strategic\" or the \"Company\") is pleased to announce that a 7,000 m diamond drill program has begun at its wholly-owned Mt Hinton gold-silver project, located in the Keno Hill district of central Yukon. The 2020 exploration program started in mid-June and has comprised camp construction, road building, geological mapping, prospecting and sampling, all in preparation for drilling. The program is fully funded with adequate contingency to double the amount of drilling, if results and weather permit.The Mt Hinton project hosts numerous high-grade, gold-silver veins developed in a series of east-north-easterly and northerly trending structural zones, which cut the same quartzite unit that hosts uncommonly high-grade silver veins elsewhere in the Keno Hill district. The 2020 drill program is the first large-scale diamond drill program ever done on the Mt Hinton property. The program is designed to test potential for both high-grade veins, like those historically mined from underground workings on an adjoining claim block now owned by Alexco Resources Corp (\"Alexco\"), and for bulk tonnage, vein and sheeted veinlet style mineralization similar to that being mined by Victoria Gold from open pits at its Eagle Deposit, 50 km northwest of Mt. Hinton. The location of Mt. Hinton project relative to the properties of Alexco and Victoria Gold is shown on Figure 1.One of the two drills on the property is currently situated in the Granite North Zone, where a rock sample collected from talus in 2019 returned bonanza-grade assays of 2,340 g/t gold and 597 g/t silver, and a recent chip sample across bedrock exposed in a hand trench yielded 26.9 g/t gold and 49 g/t silver across 1.22 m. The Granite North Zone is a complex feature comprising multiple, sub-parallel bands of altered and veined quartzite. The initial drill holes will form a section line across this more than 300 m wide zone (see Figure 2).The other drill is located in the Northern Structural Corridor, an up to 750 m wide zone that comprises more than 50 veins and vein segments, which have been traced in outcrop and talus over a combined strike length of nearly 4,000 m. Historical sampling in thi...