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

Canada Strategic Metals Inc.

November 08, 2016 11:37 ET

Canada Strategic Metals identifies multiple geophysical anomalies at Sakami and confirms the high-grade results on the Simon showing

MONTREAL, QUEBEC--(Marketwired - Nov. 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 announce the results of the summer 2016 exploration program on the Sakami project. The program included 185 kilometres of magnetic and electromagnetic surveying on three sectors of the property: JR Ouest, Iles, and La Pointe. The program also included prospecting, mapping and sampling work on the Peninsula and Iles sectors. A total of 511 chip samples and 156 channel samples were collected (see Tables 1 and 2 and Figure 1 attached (http://file.marketwire.com/release/fig1_eng.jpg), which show results over 0.1 g/t Au).

The geophysical survey was divided into three sectors, covering 85 line-km on the Iles sector, 89 line-km on the JR Ouest sector and 11 line-km on the La Point sector. The survey helped to better define the position and nature of the various geological units and many fault and shear structures. Interpretation of the various domains identified a total of 61 anomalies with the potential to be associated with mineralization. Location maps for each anomaly are shown in Figures 2, 3 and 4.

In addition, field crews completed a surface exploration program that included prospecting, mapping and chip sampling of the mineralized zones identified, as well as channel sampling on some of the previously identified showings, including the Kelmia showing, the Simon showing and the new Bouleau d'Or showing. The best results are shown in Tables 1 and 2. The results for the Simon showing supports the presence of high-grade gold values, ΓÇïΓÇïwith channel sampling results of up to 20.8 g/t Au over 1 metre and 17.45 g/t Au over 1 metre. A map showing the location of the best chip and channel sample results can be found in Figure 1. It should be recalled that the Simon showing was discovered as a result of work carried out in the summer of 2015 on the Peninsula sector, which returned 45.9 g/t Au in a chip sample.* This new gold showing is located on a geophysical anomaly where a strong magnetic low is observed, as well the junction of multiple faults. It is also located on the contact between the LaGuiche sediments (Opinaca) and La Grande belt volcanic and appears encased, like the Zone 25 gold zone in the La Point sector.

Table 1: Best grab sample results*

# Grab sample UTM NAD 83 ZN18 Area Au (g/t)
Easting Northing
647852 379572 5901666 JR 0.514
647858 379839 5901777 JR 1.065
647888 380995 5902257 Ile 0.246
647891 380593 5902631 Ile 2.21
647903 379581 5901726 JR 0.187
647905 379639 5901659 JR 0.559
647906 379674 5901686 JR 0.486
647907 379674 5901686 JR 0.186
731070 379576 5898495 Péninsule 0.203
731074 376258 5897445 Péninsule 0.171
731075 376258 5897445 Péninsule 0.861
731081 377569 5896600 Péninsule 0.136
731200 376169 5897525 Péninsule 0.434
731216 376636 5896287 Péninsule 0.239
731224 377498 5896590 Péninsule 0.157
731303 378921 5897829 Péninsule 0.362
731343 379242 5897913 Péninsule 0.156
731351 376169 5897525 Péninsule 0.156
731357 378113 5897968 Péninsule 0.521
731368 380231 5902752 Iles 0.283
731377 380594 5902632 Iles 5.05
731379 380594 5902632 Iles 0.149
731380 380640 5902623 Iles 0.293
731381 380640 5902623 Iles 0.122
731433 377723 5900345 JR West 0.13
731440 381740 5904975 Iles 0.719

* The grab samples are selective by nature and are unlikely to represent the average grade of the deposit.

Table 2: Best channel results

Channel name UTM NAD 83 ZN18 Bearing Interval in m Area Sample # Au (g/t)
Easting Northing From To
R7 378921 5897827 242 0 1 Kalmia 374678 0.208
R9a 378914 5897832 270 0 1 Kalmia 374681 0.278
R13 378913 5897876 97 2 3 Kalmia 374692 0.435
R1 376227 5897563 213.5 2 3 Simon 375303 0.168
R1 3 4 Simon 375304 0.15
R1 6 7 Simon 375307 0.158
R2 376228 5897573 214 0 1 Simon 375308 2.03
R2 4 5 Simon 375312 0.132
R2 5 6 Simon 375313 3.9
R2 6 7 Simon 375314 0.275
R2 10 11 Simon 375318 0.13
R2 11 12 Simon 375319 0.34
R2 12 13 Simon 375320 1.095
R2 13 14 Simon 375321 0.174
R3a 376224 5897575 208 0 1 Simon 375327 1.51
R3a 4 5 Simon 375331 0.156
R3a 6 7 Simon 375333 0.166
R3c 376219 5897567 208 0 1 Simon 375336 0.258
R3c 1 2 Simon 375337 0.136
R3c 2 3 Simon 375338 0.108
R3c 3 4 Simon 375339 17.45
R4 376217 5897568 207 0 1 Simon 375340 0.263
R5 376216 5897568 205 0 1 Simon 375341 20.80
R6 376217 5897574 206 2 3 Simon 375344 0.128
R6 4 5 Simon 375346 0.145
R6 6 7 Simon 375348 0.48
R8 376215 5897577 212 0 1 Simon 375356 1.625
R9c 376211 5897573 206 2 3 Simon 375361 1.09
R9c 3 4 Simon 375362 1.715
R10 376207 5897574 208 0 1 Simon 375363 0.331
R10 4 5 Simon 375367 0.446
R11a 376203 5897570 203 0 1 Simon 375368 0.163
R11a 1 2 Simon 375369 1.485
R11b 376202 5897568 203 0 1 Simon 375370 0.65
R12 376199 5897569 216 0 1 Simon 375371 0.973
R12 1 2 Simon 375372 0.173
R12 2 3 Simon 375373 0.206
R14 376198 5897563 197 0 1 Simon 375376 1.87
R15a 376199 5897561 180 0 1 Simon 375377 0.127
R15b 376200 5897560 180 0 1 Simon 375378 0.219
R17c 376201 5897516 217 0 1 Simon 375384 0.85
R18 376184 5897521 152 0 1 Simon 375388 0.155
R19 376182 5897522 176 0 1 Simon 375389 0.265
R1 380595 5902627 180 0 1 Bouleau d'Or 375390 0.323
R1 1 2 Bouleau d'Or 375391 0.365
R1 2 3 Bouleau d'Or 375392 3.11
R1 6 7 Bouleau d'Or 375396 0.182
R2 380597 5902627 165 0 1 Bouleau d'Or 375397 0.106
1 2 Bouleau d'Or 375398 0.803
R1 380642 5902613 194 2 3 Bouleau d'Or 374699 0.108
R1 3 4 Bouleau d'Or 374700 0.205

Figure 2: JR West fraser filtered in-phase component and geophysical interpretation: http://file.marketwire.com/release/fig2_eng.jpg

Figure 3: Îles fraser filtered in-phase component and geophysical interpretation: http://file.marketwire.com/release/fig3_eng.jpg

Figure 4: La Pointe fraser filtered in-phase component and geophysical interpretation: http://file.marketwire.com/release/fig4_eng.jpg

The 2016 exploration program was managed by Consul-Teck Exploration of Val-d'Or, Quebec who supervised the program. A total of 156 channel samples and 511 chip samples were collected and analyzed.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the samples. In this case, there was no blank or standard inserted but the Company intends to re-analyze some samples, as described in its QA/QC procedures.

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 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 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 and Chief Executive Officer
    819-354-5146

    Paradox Public Relations
    514-341-0408