Business
Strategic Metals Ltd. Samples 200 g/t Gold Over 1.2 m at its Mt. Hinton Gold and Silver Project, Yukon
VANCOUVER, BC / ACCESSWIRE / July 22, 2020 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" o...
About this update from Strategic Metals Ltd.
[{"type":"text","content":"Strategic Metals Ltd. Samples 200 g/t Gold Over 1.2 m at its Mt. Hinton Gold and Silver Project, YukonVANCOUVER, BC / ACCESSWIRE / July 22, 2020 / Strategic Metals Ltd. (TSXV:SMD) (\"Strategic\" or the \"Company\") is pleased to announce the results of initial chip sampling done in 2020 at its Mt. Hinton project in central Yukon. The Mt. Hinton project is a road accessible, camp-scale property located in the Keno Hill District. The project hosts several high-grade gold-silver vein sets, including the Granite North Zone where a rock sample of mineralized talus collected in 2019 returned bonanza-grade assays of 2,340 g/t gold and 597 g/t silver.Highlights from 2020 chip sampling include:1.2 m grading 200 g/t gold and 90 g/t silver from the South West Zone1.22 m grading 26.9 g/t gold and 49 g/t silver from the Granite North ZoneAt the South West Zone, continuous chip sampling was completed at two locations, 10 m apart, on a newly-discovered vein. One chip sample yielded 200 g/t gold with 90 g/t silver over 1.2 m and the other sample graded 80.3 g/t gold with 72 g/t silver over 1.0 m. The hanging wall and footwall of this vein were poorly exposed and were not sampled. Only minor amounts of sulphide minerals were noted in these samples. Visible gold was reported in the higher grade sample.At the Granite North Zone, continuous chip samples of bedrock were collected across parts of a vein exposed in a hand trench, at two locations spaced 1.35 m apart along strike. Neither the hanging wall nor the footwall of the vein was exposed at either location. The first samples returned 26.9 g/t gold with 49 g/t silver over 1.22 m and the other sample assayed 6.29 g/t gold with <5 g/t silver 1 m. Visible gold was noted in the lower grade sample, but neither sample contained significant sulphides. The chip sampled hand trench is situated about 250 m uphill of the bonanza grade float sample discovered in 2019.The South West and Granite North zones lie 2 km apart on opposite sides of the Granite Creek Basin, near the center of the Mt. Hinton property. The Granite Creek Basin is a glacial valley with steep, mostly-talus covered slopes flanking a broad, till-covered floor. Gold veins have been discovered on the slopes and in a few short excavator trenches that have been dug into the valley floor. The veins are hosted by the same quartzite unit as ho...