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
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
The IoTs 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, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...