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Strategic Metals Ltd.
Summary
| Project: | Sixty Mile | |
|---|---|---|
| Deposit: | Sixty Mile | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| 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 Sixty Mile deposit at the Sixty Mile project. Drilling results incl. 1.95m @ 1.11g/t Au. Vancouver, B.C. – January 16, 2020 – Strategic Metals Ltd. (“Strategic” or th | |
| 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 Sixty Mile property is located within the second-most productive gold district of the Yukon, near the Yukon – Alaska border. It sits within an important structural corridor, known as the Sixty Mile – Pika fault system, which is associated with numerous Late Cretaceous mineral deposits and occurrences along its length, including the Taurus porphyry copper-molybdenum deposit and the Tetlin epithermal goldsilver deposit. In 2019, Strategic performed 978.56 m of drilling on the property, in three holes. This work was designed to test the strike extension of a 2011 bonanza-grade drill intercept, which returned 132.9 g/t gold over 1.5 m, and to assess the porphyry potential in an area located 1.5 km to the northeast. | |
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