Canada Strategic Metals Inc.
TSX VENTURE : CJC
FRANKFURT : YXEN
OTCBB : CJCFF

Canada Strategic Metals Inc.

September 08, 2016 14:43 ET

Canada Strategic Metals Continues to Extend Gold Zone With an Intersection of 1.87 g/t Au Over 27.00 Metres Including 3.14 g/t Au Over 5.00 Metres and 2.67 g/t Over 6.00 Metres

MONTREAL, QUEBEC--(Marketwired - Sept. 8, 2016) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to report the latest drill results for the Sakami property. Drilling on the Northwest extension of Zone 25 (main zone) has returned an intersection of 1.87 g/t Au over 27.00 metres including 3.14 g/t Au over 5.00 metres and 2.67 g/t over 6.00 metres, from hole PT-16-93 (see table below).

The result from PT-16-93 together with PT-16-91 and PT-16-92 confirm that Zone 25 increases in thickness and grade to the northwest. This lens remains wide open in this direction and we are very keen to test the continuity of this thick zone with relatively consistent gold mineralization in the next drill campaign. The very thick intervals and their relative position suggest a possible merging of Zone 22 and 25 in this direction as illustrated on figure 4.

The drilling of PT-16-96 and 97 confirms the mineralization trend to the extreme south west, and the lack of significant assay results in the remaining drill holes testifies to the complex geology occurring at this apparent fold nose on the La Pointe Peninsula. All results for the latest campaign are presented in the table below.

Table of mineralized intersections from recent 2016 drilling

Hole # From (m) To (m) Length * (m) Au (g/t)
PT-16-91** 165.20 208.50 43.30 2.21
Including 176.00 187.50 11.50 3.46
PT-16-92** 203.60 252.15 48.55 2.52
Including 206.95 228.00 21.05 4.94
Including 206.95 225.00 18.05 5.38
PT-16-93 252.00 279.00 27.00 1.87
Including 253.00 258.00 5.00 3.14
Including 271.00 277.00 6.00 2.69
PT-16-94 NSV
PT-16-95 NSV
PT-16-96 124.00 125.00 1.00 1.73
PT-16-97 136.00 156.50 20.50 0.55
PT-16-98 NSV
PT-16-99 66.00 69.00 3.00 1.33
78.00 81.00 3.00 1.08
91.50 93.00 1.50 1.97
124.50 127.50 3.00 1.07
169.00 170.50 1.50 2.86

* The Company estimates the true width of the mineralized zone at 70 to 95% of the core length.

** Results already announced in a press release dated September 6th, 2016

The program was aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its south extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Once this program is complete, Zone 25 will have been tested over a strike length of more than 300 metres and to a depth of over 500 metres along its plunge. See drilling figure below.

Figure 2: Plan map of the La Pointe area showing Zone 25. The three best results are labelled, the others are highlighted with orange traces. The dashed box shows the position of Figure 3

Figure 3: Oblique view (longitudinal) showing the location of pierce points on the northwest portion of Zone 25 (orange points are from 2016)

Figure 4: Composite section of Zone 25 and 22 illustrating potential merging of these zones

The 2016 drilling program designed with the help of Guy Desharnais, Ph.D, geologist at SGS Canada was managed by Consul-Teck Exploration of Val-d'Or, Quebec who supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream.

The samples were delivered, in secure tagged bags, directly to the analytical facility for analysis, in this case the ALS Minerals laboratory facility in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

About Canada Strategic Metals

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 22,584 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.

For more information on the Company, please visit www.csmetals.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Figure 2 is available here : http://media3.marketwire.com/docs/CSM-2.jpg

Figure 3 is available here : http://media3.marketwire.com/docs/CSM-3.jpg

Figure 4 is available here : http://media3.marketwire.com/docs/CSM-4.jpg

Contact Information

  • Jean-Sebastien Lavallee, P. Geo
    President and Chief Executive Officer
    819-354-5146

    Paradox Public Relations
    514-341-0408