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Strategic Metals Continues To Discover High-Grade Gold At Its Mount Hinton Property, Yukon
VANCOUVER, BC / ACCESSWIRE / November 18, 2019 / Strategic Metals Ltd. (TSX-V:SMD) is please...
About this update from Strategic Metals Ltd.
[{"type":"text","content":"Strategic Metals Continues To Discover High-Grade Gold At Its Mount Hinton Property, YukonVANCOUVER, BC / ACCESSWIRE / November 18, 2019 / Strategic Metals Ltd. (TSX-V:SMD) is pleased to announce results from phase three of its 2019 exploration program at the Mount Hinton property. The phase three program was designed to follow-up on phases one and two rock samples that returned several high-grade gold values, including 2340 g/t gold and 202 g/t gold (see news releases dated August 21 and September 9, 2019). The Mount Hinton property is located in the southern portion of the Keno Hill District of central Yukon, about 4 to 15 km by road southeast of Alexco Resource Corp.'s mill at Keno City. The property covers the headwaters to several productive placer creeks, including Duncan, Lightning and Granite Creeks, and is 100% owned by Strategic Metals.Phase three exploration focused on the Granite Creek basin and included a LiDAR survey covering the entire property, mechanized trenching, road building, geological mapping and prospecting. A total of 3 km of road building was completed in order to access areas of high mineral potential, including 1.2 km of road that crosses through the main northeast striking zone of high-grade mineralization identified during phases one and two. This road is well-situated to provide access and drill setups for future programs to test this high-grade zone and nearby, parallel structures.More visible gold was identified during phase three; however, keeping with previous phases of work, no samples containing visible gold were sent for analysis.Phase three highlights include:Discovery of two new veins in outcrop on the western side of Granite Creek. One where a chip sample returned 24 g/t gold over 1.25 m, and another that is up to 1.5 metres wide, where a grab sample yielded 9.67 g/t gold;A sample from a large boulder of quartz vein, which assayed 42.4 g/t gold, expanded the main high-grade float train identified in phases one and two, on the east side of Granite Creek;A sample from a northeast striking zone of quartz vein float surrounded by oxidized breccia that is located 60 metres west of, and parallel to, the main high-grade zone on the east side of Granite Creek, yielded 12.45 g/t gold;A 1 m wide chip sample across a quartz vein and altered quartzite wallrock exposed in a trench on the west side of ...