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Strategic Metals Ltd.
Summary
| Project: | GK | |
|---|---|---|
| Deposit: | GK | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-1-2019: Strategic Metals Ltd. announces an Exploration/Drilling Update report for its GK deposit at the GK project. Summary of property and recommendations for further work. The GK Project (the “Project”) is located at latitude 57°55'N and longitude 13 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean Pautler (JP Exploration Services Inc.) | |
| ABSTRACT: | The GK Project (the “Project”) is located at latitude 57°55'N and longitude 131°25'W on NTS map sheets 104G/13 & 14 and 104J/03 & 04, approximately 17 km west of the community of Telegraph Creek, northwestern British Columbia. Telegraph Creek lies approximately 113 km by road southwest of Dease Lake, British Columbia. The 27,458 hectare Project comprises 36 contiguous mineral tenures within the Liard Mining Division, which are 100% owned by Strategic Metals Ltd. (“Strategic“) of Vancouver, British Columbia. Road access exists across the extreme southeastern Project area, but helicopter access, available in Dease Lake, is required to access the main showings on the property. Regionally the GK Project is situated within Stikinia, a predominantly intra-oceanic island arc terrane accreted to ancestral North America in the Early Mesozoic. Stikinia hosts numerous porphyry-type copper-gold occurrences, specifically in areas where Triassic and Lower Jurassic silica saturated plutons have intruded coeval oceanic island arcs. Examples of such alkalic porphyries in the regional area of the GK Project include the Red Chris mine, the Galore Creek deposit, and the Sheslay occurrences. Calc-alkalic porphyry-type copper-gold deposits such as Schaft Creek, GJ and KSM also occur within the area. World class gold rich deposits primarily occur as veins, stockworks and lesser breccias associated with the Late Triassic and Early Jurassic intrusive suites within the Golden Triangle of northwest Stikinia, including important precious metal mines, past-producers and deposits such as Brucejack, Premier, Snip, Johnny Mountain, and Spectrum. Deposits are typically Early Jurassic in age. An Early Jurassic age is also inferred for the disseminated, limestone hosted, pastproducing Golden Bear gold mine located 55 km northwest of the Project. The GK Project is primarily underlain by arc related volcano-sedimentary rocks of the Upper Triassic Stuhini Group, which is intruded by an approximate 20 km2 granodiorite and diorite to quartz diorite pluton (informally named the Grass Mountain pluton in this report) and similar small plug of Upper Triassic to Jurassic age in the east-central property area, and quartz diorite of the Middle to Upper Triassic Tahltan Lake and Tahltan River plutons in the western property area. | |
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