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Strategic Metals Drills 30.23 m Grading 128.46 g/t Silver and 0.40% Copper at Salloon Property
VANCOUVER, BC--(October 12, 2016) - Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic") is pleased to announce the first results from its 2016 diamond drill
About this update from Strategic Metals Ltd.
[{"type":"text","content":"VANCOUVER, BC--(October 12, 2016) - Strategic Metals Ltd. (TSX VENTURE: SMD) (\"Strategic\") is pleased to announce the first results from its 2016 diamond drill program, which tested a variety of precious metal targets at four of its properties in southern Yukon. The assay results are from a single diamond drill hole at the wholly owned Salloon property, located 70 km northeast of Whitehorse at the southern end of the Livingstone Creek placer gold camp. Highlight results from the 2016 drill hole are provided in the following table. Table I - 2016 Diamond Drill Highlights SAL-16-01 FROM (m) TO (m) INTERVAL (m)¥ Cu (%) Ag (g/t) Au (g/t) 36.52 66.75* 30.23 0.40 128.46 0.05 including 39.76 50.29 10.53 1.01 81.87 0.123 and 54.86 66.75 11.89 0.07 253.70 0.015 79.25 80.77 1.52 0.41 749 0.004 99.06 110.64 11.58 0.39 2.51 0.08 *No recovery from 50.29 to 54.86 m, all elements assigned values of zero for interval average calculation.¥Interval thought to represent 95% true thickness. The Salloon property hosts some of the earliest mineral occurrences discovered in Yukon. The Main Showing is marked by a large clearing centred on malachite and limonite stained, silica flooded outcrops. The occurrences were first staked in 1901 and by 1912 two adits, about 23 and 115 m long, had been cut to explore high grade copper-gold veins, located about 200 m north of the Main Showing. The best reported vein sample graded 44.6 g/t gold, 144 g/t silver and 10.37% copper over 0.5 m. Surprisingly, only two drill holes were completed on the property prior to 2016. The Main Showing and historical adits lie within a 500 by 200 m copper-in-soil geochemical anomaly that coincides with scattered high gold values to a peak of 1020 ppb. Sma...