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

Canada Strategic Metals Inc.

August 25, 2016 10:42 ET

CJC.V: Extension of Zone 25 to the Northwest at Sakami With Intersections of 1.62 g/t Au Over 64.50 Metres, Including 2.21 g/t Au Over 43.30 Metres and 3.46 g/t Au Over 11.50 Metres

MONTREAL, QUEBEC--(Marketwired - Aug. 25, 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 results of the first of nine holes completed on the Northwest extension of Zone 25 (main zone) with an intersection of 1.62 g/t Au over 64.50 metres including 2.21 g/t Au over 43.30 metres and 3.46 g/t over 11.50 metres from hole PT-16-91 (see table below). These new results confirm the extension to the Northwest of the Zone 25 envelope of gold mineralization. The program consisted of nine holes for a total of 2,058 metres of drilling.

Table of mineralized intersections from the recent drilling programs 2016

Hole # From (m) To (m) Length* (m) Au (g/t)
PT-16-91 157.50 222.00 64.50 1.62
Including 165.20 208.50 43.30 2.21
Including 176.00 187.50 11.50 3.46
*Core length; the Company estimates the true width of the mineralized zone at 70 to 95% of the core length.

The program is 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.

The figure is available at the following address: http://media3.marketwire.com/docs/CJC1en.pdf

"It is always impressive to cut wide gold intersections like this. Since the beginning of drilling program done on the Sakami project, the results were always positive and very consistent and included several gold intersections of up to over 50 meters, said Jean-Sebastien Lavallée, President and Chief Executive Officer of Canada Strategic Metals."

The Company will release the results of holes PT-16-92 to PT-16-99 as soon as they are received and compiled.

Table of mineralized intersections from the recent drilling program 2013-2015

Hole # From (m) To (m) Length* (m) Au (g/t)
PT-13-65 112.50 138.00 25.50 3.03
Including 126.00 138.00 12.00 4.00
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-13-71 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-14-74 237.65 264.00 26.35 2.30
Including 243.70 252.50 8.80 3.80
Including 247.70 252.50 4.80 5.18
PT-14-79 188.00 236.20 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-14-82 231.45 271.70 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
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-15-87 219.40 229.00 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 95% of the core length.

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.

Contact Information

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

    Paradox Public Relations
    514-341-0408