Strategic Metals Ltd. Announces 2000 m Diamond Drill Program at Its Hopper Property, Yukon Territory
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 17, 2015) - Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") is pleased to announce that a 2000 m diamond drill program has commenced at its wholly-owned Hopper property, a road-accessible copper and gold project within the southern part of the Dawson Range Gold Belt in Yukon Territory.
The Hopper project hosts porphyry- and skarn-style mineralization that is marked by extensive soil geochemical and geophysical anomalies. The mineralization at the Hopper property is similar in age to the Casino Deposit, which is located in the same geological belt 200 km to the north-northwest. The Casino Deposit is owned by Western Copper and Gold Corp. and is a very large copper-gold-molybdenum porphyry. The soil geochemical anomaly at the Hopper property is larger and more intense than the anomaly at the Casino Deposit.
Historical diamond drilling at the Hopper project has been limited to a small area in the southern portion of the multi-square kilometre copper-in-soil anomaly. The historical drill holes intersected copper and gold mineralization in a number of stacked horizons, over a strike length of 500 m and through a stratigraphic section of 250 m. The best drill intercepts average 1.94% copper and 0.87 g/t gold over 18.59 m. The drilled area of mineralization remains open to extension along strike, down dip and to depth. The current 2000 m diamond drill program will test both skarn and porphyry potential elsewhere within the geochemical and geophysical anomalies.
Smaller exploration program are also underway or planned for several of Strategic's other mineral properties in Yukon and British Columbia. Most of these programs involve various types of surface work designed to better define drill targets. Many of the properties are located in the Dawson Range Gold Belt or the Rackla Gold Belt. The Dawson Range Gold Belt contains the Minto Mine (Capstone Resources) and a number of advanced gold±copper deposits including Casino (Western Copper and Gold), Coffee (Kaminak Gold Corp.), White Gold (Kinross Gold Corp.), and Klaza (Rockhaven Resources). The Rackla Gold Belt lies northeast of Keno City in central Yukon. It hosts both replacement- and Carlin-style gold discoveries such as the Tiger Deposit, Conrad Zone and Osiris Zone, (all ATAC Resources), and the Venus Zone (Anthill Resources).
The 2015 exploration programs are being conducted or supervised by Archer, Cathro & Associates (1981) Limited. Technical information in this news release has been approved by Matthew Dumala, P.Eng., a geological engineer with Archer, Cathro and a qualified person for the purposes of NI 43-101.
About Strategic Metals Ltd.
Strategic is a project generator and the largest claim holder in Yukon, which the Fraser Institute recently rated as best jurisdiction in the world for mineral potential. Strategic's portfolio of more than 100 projects is the result of 50 years of focussed exploration and research by a team with a track record of major discoveries. Current projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings, geochemical anomalies and geophysical features similar to those at nearby deposits.
Strategic has a current cash position of over $25 million and significant shareholdings in a number of active mineral exploration companies including 46.59% of Rockhaven Resources Ltd., 8.6% of ATAC Resources Ltd., and 12.9% of Precipitate Gold Corp.
ON BEHALF OF THE BOARD
W. Douglas Eaton, President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com.
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.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Contact
Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
(604) 688-2568
Investor Inquiries
Richard Drechsler
V.P. Communications
(604) 687-2522 or NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
www.strategicmetalsltd.com