Canada Strategic Metals Inc.

TSX VENTURE : CJC
FRANKFURT : YXEN
OTCBB : CJCFF


Canada Strategic Metals Inc.

March 31, 2014 10:05 ET

Canada Strategic Metals Hits Multiple Mineralized Zones in Ongoing Drilling at the Sakami Gold Project

MONTREAL, QUEBEC--(Marketwired - March 31, 2014) - 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 very pleased to announce that a new drilling program began a few days ago at the Sakami gold project.

The program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its 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 200 metres and to a depth of over 425 metres along its plunge. The holes are spaced at 50 metres. A map of the new holes and holes still to be drilled can be found on the Company's website at: www.csmetals.ca.

Five diamond drill holes have been completed to date. All the holes intersected Zone 25, with widths ranging from 7.30 to 19.85 metres. The mineralized intersections consist of a silicified biotite paragneiss containing 1-10% pyrite-arsenopyrite.

The Company expects to complete the current drilling program by April 15. The core is now being logged and sampled and will then be sent to the laboratory for assaying. The Company will release the assay results as soon as they are received and compiled. A table of all the mineralized intersections from the recent program is shown below, along with previous drill results.

Table of mineralized intersections from the most recent drilling

Hole # Type Length*
(m)
From
(m)
To
(m)
Description
PT-13-73 Zone 25 7.30 163.00 170.30 Silicified paragneiss, 1 - 5% arsenopyrite
PT-13-74 Zone 25 19.85 231.60 251.45 Silicified paragneiss, 1 - 5% arsenopyrite
PT-13-75 Zone 25 13.30 268.70 282.00 Silicified paragneiss, 1 - 5% arsenopyrite
PT-13-76 Zone 25 18.90 171.75 190.65 Silicified paragneiss, 1 - 5% arsenopyrite
PT-13-77 Zone 25 In progress
* Core length

Table of drill hole collar coordinates

Hole # Easting (UTM) Northing (UTM) Elevation (m) Length
(m)
Azimuth
(°)
Plunge
PT-13-73 375315 5895165 200,00 249,00 70 -70
PT-13-74 375260 5895100 209,00 285,00 70 -70
PT-13-75 375200 5895085 204,00 297,00 70 -70
PT-13-76 375270 5895150 200,00 219,00 70 -70
PT-13-77 375253 5895194 198,00 198,00 70 -70

Table of mineralized intersections from the recent drilling campaign

Hole # Type From
(m)
To
(m)
Length*
(m)
Au
(g/t)
PT-13-64 New zone 68.85 69.90 1.05 1.27
New zone 171.00 171.50 0.50 3.62
PT-13-65 Zone 25 112.50 138.00 25.50 3.03
Including 126.00 138.00 12.00 4.00
PT-13-66 Zone 25 109.95 125.40 15.45 1.18
PT-13-67 Zone 25 126.90 154.85 27.95 3.78
Including 132.25 154.85 22.60 4.01
Including 138.00 145.00 7.00 7.21
PT-13-68 Zone 25 200.50 221.00 20.50 2.77
Including 201.65 215.00 13.35 3.23
Including 201.65 205.00 3.35 4.71
New zone 278.25 281.10 2.85 2.82
New zone 294.00 297.00 3.00 1.70
PT-13-69 Zone 25 213.05 226.50 13.45 1.32
PT-13-70 Zone 25 78.75 99.00 20.25 1.27
Including 78.75 86.00 7.25 2.22
PT-13-71 Zone 26 49.10 51.65 2.55 2.06
PT-13-71 Zone 25 102.00 121.50 19.50 2.97
Including 107.40 121.50 14.10 3.78
Including 112.00 121.50 9.50 3.95
PT-13-72 Zone 25 112.50 130.40 17.90 2.24
Including 112.50 119.00 6.50 3.65
* Core length; the Company estimates the true width of the mineralized zone at 80 to 95% of the core length.

The 2013 drilling program was managed by Consul-Teck Exploration of Val-d'Or, Quebec, which designed the drilling campaign, supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in core sampling and analysis. 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 in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the Bourlamaque Ltee laboratory 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 (0.01-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and President 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 Matamec Explorations

Matamec Explorations Inc. is a mining exploration company whose focus is developing the Kipawa HREE deposit with TRECan, with the goal of supplying Toyota with HREEs for the production of hybrid and electric cars. The company is exploring 35 km of strike length in the Kipawa Alkalic complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property. Matamec is also exploring for gold at its Matheson joint-venture property, which is located along strike and in close proximity to the Hoyle Pond mine in Timmins, Ontario. In Quebec, the company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. For more information, please visit www.matamec.com.

About Canada Strategic Metals

Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 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.

Contact Information

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

    Paradox Public Relations
    514-341-0408