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Strategic Metals Reports More High Grade Assays From Its Hartless Joe Property in Yukon Territory
VANCOUVER, BC--(Marketwired - July 28, 2016) - Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic") is pleased to announce results from Phase 1 exploration wo
About this update from Strategic Metals Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - July 28, 2016) - Strategic Metals Ltd. (TSX VENTURE: SMD) (\"Strategic\") is pleased to announce results from Phase 1 exploration work on its Hartless Joe property, located 28 km east-northeast of Whitehorse in southern Yukon Territory. High grade results were obtained from three separate showings located in the north-central portion of the property. Highlights from continuous chip samples taken from bedrock exposed in hand trenches include: 462 g/t gold and 79.6 g/t silver over 0.40 m (Queen Showing); 44.3 g/t gold and 375 g/t silver over 2.10 m (King Showing); 22.7 g/t gold and 195 g/t silver over 0.50 m (King Showing); and, 16.9 g/t gold and 1420 g/t silver over 0.10 m (Ace Showing). The Hartless Joe property lies within the Stikinia Terrane, which hosts the precious metal rich deposits of the Golden Triangle in northern British Columbia. The deposits of the Golden Triangle contain vein, porphyry and stratabound mineralization and include the Brucejack/Snowfield project, the KSM project, the Premier mine and the Eskay Creek mine. The 2016 work on the Hartless Joe property targeted stratabound horizons that occur in localized intravolcanic basins. Exploration has identified three showings (Ace, King and Queen) all of which contain minor galena, sphalerite, chalcopyrite and pyrite occurring as bands and disseminations within quartz horizons. The mineralized horizons have bedded sediments in their hanging walls and either altered volcanic flows or intrusive sills in their footwalls. The showings occur at different levels within the volcanic stratigraphy. The geological setting at Hartless Joe is somewhat similar to that of Eskay Creek; however, the mineralization is not massive sulphide and has low levels of detrimental metals, such as arsenic and antimony. Individual mineral showings are described in the following paragraphs and more complete assays from 2016 chip sampling are provided in Table I. The Ace Showing is an historical occurrence that was identified by prospectors in the late 1960s. It lies 580 m east-southeast of the King Showing and 320 m northwest of the Queen Showing. It comprises a narrow quartz-rich horizon that has been traced in outcrop along a 90 m strike length. Historical sampling graded 27.4 g/t gold 78.9 g/t silver 2.2% lead 1.9% zinc over 0.10 m. This showing remains open a...