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Strategic Metals Ltd.
Summary
| Project: | Hartless Joe | |
|---|---|---|
| Deposit: | Hartless Joe | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/16/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2020: Strategic Metals Ltd. announces an Exploration/Drilling Update report for its Hartless Joe deposit at the Hartless Joe project. Drilling results incl. 4.78m @ 1.86g/t Au from 163.52m. Vancouver, B.C. – January 16, 2020 – Strategic Metals Ltd. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jack Morton (Archer, Cathro & Associates (1981) Ltd.) | |
| ABSTRACT: | Vancouver, B.C. – January 16, 2020 – Strategic Metals Ltd. (“Strategic” or the “Company”) (TSX-V: SMD) is pleased to provide drill results from three of the Company’s wholly-owned, early-stage exploration projects: Hartless Joe, Sixty Mile and Meloy. The 2019 diamond drilling, totaling 2,744 m, was mainly designed to evaluate overburden-covered targets where surface exploration had produced encouraging results. The Hartless Joe property is located in southern Yukon, 22 km east of Whitehorse, and covers a 6.5 km by 3.5 km belt of high-grade gold±silver showings. Drilling in 2019 followed-up on recent discoveries at the Grumpy and Gusano showings, situated in the southern part of the belt, where rock samples collected within a broad field of mineralized talus yielded numerous values ranging from 5.3 to 251 g/t gold and 28.6 to 5010 g/t silver. Both showings are hosted within a package of structurally dismembered volcanic and volcaniclastic rock that is highly prospective for epithermal-type precious metal deposits (Figure 1). At least two styles of mineralization are present: one associated with steeply-dipping faults and the other hosted in siliceous zones developed alongside narrow sills and dykes. The 2019 drilling at Hartless Joe tested down-dip of a silicified zone, identified in a 2018 trench at the Gusano showing, and along an important, north-south trending fault, which links the two showings and appears to be a locus of mineralization. This work successfully intersected gold in the silicified zone, and in quartz veins within the fault structure, along an 800 m strike length. The most significant drill results are: 2.68 g/t gold over 1.7 m, including 5.80 g/t gold over 0.61 m from the silicified zone; and 1.86 g/t gold over 4.78 m, including 3.88 g/t gold over 1.61 m, from the fault zone. Highlights from the diamond drilling are tabulated below. | |
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