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
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...