MONTREAL, QUEBEC--(Marketwired - April 20, 2015) - 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 discovery of a high-grade gold zone by recent drilling on the Sakami gold project. This new discovery from the program completed in March 2015 confirms the potential for the discovery of enrichment zones within the wide, gold-bearing Zone 25. The new results also confirm the northwest extension of the Zone 25 envelope of gold mineralization.
The program, which consisted of seven holes for a total of 2,049 metres of drilling, was aimed at increasing the size of Zone 25, the main gold zone, in the La Pointe sector of the Sakami property. Zone 25 has now been tested over a strike length of more than 250 metres and to a depth of over 500 metres along its plunge. A surface map showing drillhole locations and sections can be found on the Company's website at: www.csmetals.ca.
To date, the Company has received the assay results for the two more holes, PT-15-86 and PT-15-87, from the March 2015 program. These holes were planned to test the extension of the mineralized zone to the west and northwest, as well as down dip. Both holes returned wide gold-bearing intersections, including 1.41 g/t Au over 22.50 metres and 0.94 g/t Au over 13.75 metres from Hole PT-15-86, and 6.86 g/t over 9.60 metres, including 9.49 g/t Au over 6.50 metres from Hole PT-15-87.
"This high-grade gold discovery is very significant for future exploration at Sakami," said Jean-Sebastien Lavallée, Chief Executive Officer of Canada Strategic Metals. "The intersection of 6.86 g/t Au over 9.60 metres, including 9.49 g/t Au over 6.50 metres, confirms the potential for high-grade mineralization. It also confirms the extension of Hole PT-14-79, drilled in 2014, which returned 6.93 g/t Au over 12 metres, including 11.35 g/t Au over 6 metres."
The Company will release the results for the remaining holes as soon as they have been received and compiled.
Table of mineralized intersections from the recent drilling program 2015
| Hole # | From (m) | To (m) | Length* (m) | Au (g/t) |
| PT-15-84 | 169.00 | 217.50 | 48.50 | 1.34 |
| Including | 169.00 | 175.50 | 6.50 | 3.03 |
| Including | 210.00 | 217.50 | 7.50 | 2.50 |
| PT-15-85 | 148.50 | 194.00 | 45.50 | 1.47 |
| Including | 148.50 | 156.00 | 7.50 | 3.84 |
| Including | 183.00 | 194.00 | 11.00 | 1.74 |
| PT-15-86 | 112.10 | 125.75 | 13.75 | 0.94** |
| 142.50 | 165.00 | 22.50 | 1.41** | |
| PT-15-87 | 219.40 | 229.00 | 9.60 | 6.86** |
| Including | 220.50 | 227.00 | 6.50 | 9.49** |
| * Core length; the Company estimates the true width of the mineralized zone at 70 to 90% of the core length. |
| ** New results |
Table of mineralized intersections from holes drilled on the Sakami project in 2013-2014
| Hole # | From (m) | To (m) | Length* (m) | Au (g/t) |
| PT-13-64 | 68.85 | 69.90 | 1.05 | 1.27 |
| 171.00 | 171.50 | 0.50 | 3.62 | |
| PT-13-65 | 112.50 | 138.00 | 25.50 | 3.03 |
| Including | 126.00 | 138.00 | 12.00 | 4.00 |
| PT-13-66 | 109.95 | 125.40 | 15.45 | 1.18 |
| PT-13-67 | 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 | 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 |
| 278.25 | 281.10 | 2.85 | 2.82 | |
| 294.00 | 297.00 | 3.00 | 1.70 | |
| PT-13-69 | 213.05 | 226.50 | 13.45 | 1.32 |
| PT-13-70 | 78.75 | 99.00 | 20.25 | 1.27 |
| Including | 78.75 | 86.00 | 7.25 | 2.22 |
| PT-13-71 | 49.10 | 51.65 | 2.55 | 2.06 |
| 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 | 112.50 | 130.40 | 17.90 | 2.24 |
| Including | 112.50 | 119.00 | 6.50 | 3.65 |
| PT-14-73 | 150.65 | 172.50 | 21.85 | 1.46 |
| Including | 160.50 | 172.50 | 12.00 | 2.16 |
| PT-14-74 | 237.65 | 264.00 | 26.35 | 2.30 |
| Including | 243.70 | 252.50 | 8.80 | 3.80 |
| Including | 247.70 | 252.50 | 4.80 | 5.18 |
| PT-14-75 | 274.05 | 281.20 | 7.15 | 2.40 |
| PT-14-76 | 180.00 | 183.00 | 3.00 | 1.57 |
| 198.00 | 199.50 | 1.50 | 1.36 | |
| Pt-14-77 | 103.50 | 104.70 | 1.20 | 1.33 |
| 129.00 | 130.50 | 1.50 | 1.98 | |
| 153.00 | 154.50 | 1.50 | 1.00 | |
| 165.00 | 168.00 | 3.00 | 1.65 | |
| 174.00 | 176.00 | 2.00 | 1.46 | |
| 180.00 | 182.25 | 2.25 | 2.02 | |
| PT-14-78 | 193.50 | 195.00 | 1.50 | 1.37 |
| 208.50 | 213.00 | 4.50 | 2.15 | |
| PT-14-79 | 188.00 | 236.20 | 48.20 | 2.51 |
| Including | 188.00 | 200.00 | 12.00 | 6.93 |
| Including | 190.00 | 196.00 | 6.00 | 11.35 |
| Including | 202.50 | 207.00 | 4.50 | 1.33 |
| Including | 226.50 | 234.00 | 7.50 | 3.06 |
| PT-14-80 | 157.50 | 163.50 | 6.00 | 1.03 |
| 179.00 | 181.75 | 2.75 | 2.08 | |
| 187.50 | 190.50 | 3.00 | 2.32 | |
| 201.00 | 202.00 | 1.00 | 1.28 | |
| 203.00 | 204.00 | 1.00 | 3.11 | |
| PT-14-81 | 228.00 | 232.60 | 4.60 | 2.58 |
| PT-14-82 | 231.45 | 271.70 | 40.25 | 1.43 |
| Including | 231.45 | 235.50 | 4.05 | 5.12 |
| Including | 231.45 | 240.00 | 8.55 | 3.58 |
| Including | 256.85 | 259.00 | 2.15 | 3.83 |
| Including | 267.50 | 271.70 | 4.20 | 2.38 |
| PT-14-83 | 240.00 | 295.50 | 55.50 | 1.06 |
| Including | 240.00 | 252.00 | 12.00 | 3.54 |
| * Core length; the Company estimates the true width of the mineralized zone at 80 to 95% of the core length. |
The 2015 drilling program was managed by Consul-Teck Exploration of Val-d'Or, Quebec who designed and 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 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.
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accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Chief Executive Officer
819-354-5146
Christophe Romary
President
514-913-7483
Paradox Public Relations
514-341-0408
Momentum relations publiques
450-332-6939