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Strategic Metals Ltd. Exposed 570 g/t Silver Over 6.4 m at Its OOO Property in Yukon Territory
VANCOUVER, BC--(Marketwired - August 03, 2016) - Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic") is pleased to announce results from exploration work on
About this update from Strategic Metals Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - August 03, 2016) - Strategic Metals Ltd. (TSX VENTURE: SMD) (\"Strategic\") is pleased to announce results from exploration work on its wholly owned OOO property, located in south-central Yukon Territory. The OOO property is located midway between Goldcorp Inc.'s Coffee Gold Project and Rockhaven Resources Ltd.'s Klaza Gold-Silver Project. The OOO hosts silver and-or gold-rich epithermal veins, which form a series of parallel recessive linears that coincide with magnetic lows and strongly anomalous, multi-element soil geochemistry. The veins strike north-south and appear to dip steeply to the west. The mineralization has received little historical exploration and has never been drilled. Recent work comprised hand trenching, soil sampling, mapping and prospecting. In 2016, a hand trench (TR-16-01) was dug across a strong linear where a 2015 rock sample had assayed 6680 g/t silver, 30.22% lead and 0.80 g/t gold (see news release dated March 3, 2016). Chip sample results from the trench include 570 g/t silver, 2.76% lead, 0.08 g/t gold over 6.4 m and 106 g/t silver, 0.84% lead and 0.03 g/t gold over 9.6 m. These highlight intervals are separated by 5.6 m of weakly mineralized wallrocks. Aside from a few pods of anglesite-encapsulated galena all of the mineralization in TR-16-01 is strongly oxidized. Historical drilling on the same ridge system about eight kilometres to the southeast, indicated that similar mineralization is almost totally oxidized to depths of 100 m or more. TR-16-01 was the only trench that tested this mineralized linear. Additional trenches were attempted on other linears, but most were incomplete or stopped before reaching bedrock. Trenches TR-16-04 and TR-16-05 were dug 30 m apart across a second linear located 320 m east of TR-16-01. Highlights from these trenches were: 60.5 g/t silver and 0.79% lead over 2.1 m (TR-16-04) and 375 g/t silver and 8.33% lead over 0.9 m (TR-16-05). Trench locations, soil geochemistry and geophysical data are shown on the Company's website. Several rock samples collected by prospectors from linears elsewhere on the OOO property have returned between 1.0 and 6.54 g/t gold. Strategic would like to thank the Yukon Government, and specifically the Yukon Geological Survey, for awarding a Yukon Mineral Exploration Program grant to the Company for the 2016 ex...