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Strategic Metals Ltd.
Summary
| Project: | Hartless Joe | |
|---|---|---|
| Deposit: | Hartless Joe | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2016: Strategic Metals Ltd. announces an Exploration/Drilling Update report for its Hartless Joe deposit at the Hartless Joe project. Drilling results incl. 2.78m @ 1.57g/t Au. December 6, 2016 -- Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) anno | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew Dumala (Archer, Cathro & Associates (1981) Ltd.) | |
| ABSTRACT: | December 6, 2016 -- Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) announces the results from 2016 diamond drill programs, which tested gold targets at its Mars, Hopper and Hartless Joe properties in southern Yukon. The Hartless Joe property is located 28 km east-northeast of Whitehorse in southern Yukon Territory. High grade results were previously reported from three surface showings located in the north-central portion of the property (see news release dated July 28, 2016). 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. Diamond drilling at the Hartless Joe property in 2016 totalled 367.3 m, with five holes at the King Showing and one hole at the Queen Showing. Drill holes intersected weakly silicified sediments containing disseminated, banded and fracture filling sulphides, down-dip of mineralized exposures. However, gold assays yielded low values, with a maximum of 1.57 g/t over 2.78 m in hole HAR-16-001. | |
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