Welcome!

News Feed Item

CJC Intersects 3.54 g/t Au Over 12.00 Metres and 3.58 g/t Au Over 8.55 Metres, Including 5.12 g/t Au Over 4.05 Metres at the Sakami Project

MONTREAL, QUEBEC -- (Marketwired) -- 07/23/14 -- Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. ("Matamec") (TSX VENTURE:MAT)(OTCQX:MHREF) are very pleased to report the results from holes PT-14-81 to PT-14-83, drilled in March and April during the latest exploration program on the Sakami gold property. The new results confirm the extension of the Zone 25 gold mineralization envelope to the west, to the northwest and at depth. The recent results also confirm that the contact corridor between the Opinaca-La Grande volcano-sedimentary sub-provinces is fertile for significantly-enriched gold mineralization. This horizon has now been traced over a strike length of more than 200 metres and to a depth of more than 425 metres along its plunge. The latest drilling program on the Sakami property consisted of a total of 2,913 metres in 11 holes; results for the last three holes, drilled along strike and plunge from Hole PT-14-79, are describe below. The last two drilling programs by Strategic Metals have confirmed and enhanced the potential of the northeast and depth extensions of Zone 25, which remains open in all directions.

The program was aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. The program completed the testing of Zone 25 over a strike length of more than 200 metres and to a depth of over 425 metres along its plunge. The holes were spaced at 50 metres. A map showing the hole locations can be found on the Company's website at: www.csmetals.ca.

The Company has received the assay results for three additional holes, PT-14-81 to PT-14-83, drilled in March and April as part of the program. These holes were planned to test the extension of the mineralized zone to the west and northwest, as well as down dip. They all returned gold-bearing intersections with significant gold grades with 2.58 g/t Au over 4.60 metres for hole PT-14-81, 1.43 g/t over 40.25 metres, including 3.58 g/t Au over 8.55 metres and 5.12 g/t Au over 4.05 metres for Hole PT-14-82 and 1.06 g/t Au over 55.50 metres, including 3.54 g/t Au over 12.00 metres for Hole PT-14-83. All the mineralized intersections and assay results are shown below.

"The Company is very pleased to have confirmed the high-grade gold potential of Zone 25 (the main zone) at the Sakami project, as well as its extensions along strike and at depth, and to note that Zone 25 remains open in all directions," said Jean-Sebastien Lavallee, President and Chief Executive Officer of Canada Strategic Metals. "It is also encouraging to see the presence of multiple parallel, highly-anomalous gold zones confirmed. The positive drill results from the last exploration program have once again confirmed the Sakami project's gold potential. We are now in the process of reviewing all the results so that we can plan the next drilling program and increase the size of Zone 25."

Table of mineralized intersections from the recent drilling program


---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole #                From (m)         To (m)  Length(i) (m)       Au (g/t)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
---------------------------------------------------------------------------

(i) Core length: the Company estimates the true width of the mineralized zone at 80 to 95% of the core length.

Table of mineralized intersections from holes drilled on the Sakami project since December 2013


---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole #                From (m)         To (m)  Length(i) (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
---------------------------------------------------------------------------
---------------------------------------------------------------------------

(i) Core length; the Company estimates the true width of the mineralized zone at 80 to 95% of the core length.

The 2014 drilling program was managed by Consul-Teck Exploration of Val-d'Or, Quebec, which designed the drilling campaign, supervised the program and logged and sampled the core.

Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in core sampling and analysis. 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 in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the Bourlamaque Ltee laboratory 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 (0.01-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

Jean-Sebastien Lavallee (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 Matamec Explorations

Matamec Explorations Inc. is a mining exploration company whose focus is developing the Kipawa HREE deposit with TRECan, with the goal of supplying Toyota with HREEs for the production of hybrid and electric cars. The company is exploring 35 km of strike length in the Kipawa Alkalic complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property. Matamec is also exploring for gold at its Matheson joint-venture property, which is located along strike and in close proximity to the Hoyle Pond mine in Timmins, Ontario. In Quebec, the company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties.

For more information, please visit www.matamec.com.

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.

Contacts:
Jean-Sebastien Lavallee, P. Geo
President & Chief Executive Officer
819-354-5146

Paradox Public Relations
514-341-0408

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi Data Systems (HDS) will be featuring the Hitachi Content Platform (HCP) portfolio. This is the industry’s only offering that allows organizations to bring together object storage, file sync and share, cloud storage gateways, and sophisticated search an...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...