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Strategic Metals Ltd. Announces Exploration Program at the GK Copper-Gold Project in BC's Golden Triangle
VANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or...
About this update from Strategic Metals Ltd.
[{"type":"text","content":"Strategic Metals Ltd. Announces Exploration Program at the GK Copper-Gold Project in BC’s Golden TriangleVANCOUVER, BC / ACCESSWIRE / June 1, 2021 / Strategic Metals Ltd. (TSXV:SMD) (\"Strategic\" or \"the Company\") is pleased to announce its 2021 exploration plans for the Company's wholly owned GK property, a copper-gold project located in the Golden Triangle mining district of northwestern British Columbia (Figure 1). The GK property is surrounded by several important copper and/or gold deposits, including Golden Bear, Red Chris, Schaft Creek, Spectrum-GJ, GT-Tatogga and Galore Creek. The property is situated 15 km from the town of Telegraph Creek and covers an area of approximately 274.5 km2. The southeastern-most portion of the property is accessible by road.The GK property covers several porphyry targets, as well as related skarn and vein mineralization. The majority of work to date has focused on the Grass Mountain area, where large, very strong copper-gold geochemical anomalies surround the Triassic to Jurassic aged Grass Mountain pluton (Figure 2). Numerous showings have been identified within the pluton as well as in the surrounding Triassic volcanic and volcaniclastic rocks of the Stikine terrane. Extensive gold and copper mineralization occurs in veins, shears, fracture fillings, dykes and locally as disseminations in country rocks. Assay values from rock samples collected in this area have returned up to 47.5 g/t gold, 15.85% copper and 120 g/t silver. Peak soil values include 6.18 g/t gold, 0.689% copper and 59.9 g/t silver. Recent work on the property focused on gold-bearing quartz veins, including a two-hole drill program that intersected 13.1 g/t gold and 6.05% copper over 0.74 m. These are the only holes that have ever been drilled on the property.An interpretation of property-wide, helicopter-borne magnetic and radiometric data set has just been completed by SJV Consultants Ltd., on behalf of Strategic. 3D interpretation of the magnetic data shows that the Grass Mountain pluton forms a circular magnetic high, which models as a large, steep-sided body that gradually widens with depth. Across the northern portion of the pluton, circular to elliptical pipes extend upwards and form apophyses from the buried intrusion. Several of the showings identified by historical work are now revealed to be associated wi...