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Strategic Metals Ltd.
Summary
| Project: | Mars | |
|---|---|---|
| Deposit: | Mars | |
| 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 Mars deposit at the Mars project. Drilling results incl. 17.37m @ 0.65g/t Au from 0.00m. December 6, 2016 -- Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) announce | |
| 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. Very encouraging silver assays from 2016 diamond drilling at the Salloon property were previously reported. Diamond drilling in 2016 at the Mars property, located 65 km north of Whitehorse, totalled 393.19 m in three holes. The drill holes stepped out 50 to 100 m from a 2004 drill intercept (6.44 g/t gold over 4.57 m), within an area of dense vegetation and pervasive till cover. A map showing drill hole locations is available on Strategic’s website. The Mars property covers the southern part of the Teslin Crossing Pluton, a Mid-Cretaceous alkaline intrusion located in the Stikinia Terrane. The drill core was unoxidized and contained minor pyrite, chalcopyrite and magnetite in quartz-carbonate veinlets, along fractures and as disseminations, within altered plutonic rocks. Cyanide solubility tests were conducted on mineralized intersections to determine gold recoverability. A total of 17 samples were analyzed for total cyanide soluble gold. Recoveries ranged from 73.7% to 97.7%, with a mean of 85.5%. | |
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