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

Canada Strategic Metals Inc.

September 06, 2016 10:21 ET

CJC.V Intersects 4.94 g/t Au Over 21.05 Metres Within a Wide Gold-bearing Intersection of 2.52 g/t Au Over 48.55 Metres

MONTREAL, QUEBEC--(Marketwired - Sept. 6, 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 4.94 g/t Au over 21.05 metres within a wide gold-bearing intersection of 2.52 g/t Au over 48.55, from Hole PT-16-92 (see table below). Once again, the drill results for the Northwest extension confirmed the extension of Zone 25 and tend to indicate higher gold grades in the extension. The program consists of nine holes for a total of 2,058 metres of drilling.

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

* Core length; 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 August 25, 2016

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 Company will release the results of holes PT-16-93 to PT-16-99 as soon as they are received and compiled.

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.

To view the map associated with this press release, please visit the following link: http://file.marketwire.com/release/csm0906e.jpg

Contact Information

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

    Paradox Public Relations
    514-341-0408