CAT Strategic Highly Encouraged BY Initial Assay Results ON the Burntland Project IN New Brunswick
CAT STRATEGIC HIGHLY ENCOURAGED BY INITIAL ASSAY RESULTS ON THE
BURNTLAND PROJECT IN NEW BRUNSWICK
VANCOUVER, BC October 3, 2022 - CAT Strategic Metals Corporation (CSE: CAT,
OTC: CATTF, FRA: 8CH) (“ CAT” or the " Company") reports that, further to its news
release of April 4, 2022 , it has received and analysed the results of the diamond drill
program conducted on the Company’s Burntland Copper/Gold/Silver Project in northern
New Brunswick.
CAT drilled 7 holes totaling 1,416 metres in a n area that had been subject to a
geophysical survey conducted in late summer and early fall of 2021. These 7 drill hole
targets were identified following a trenching program and a 975 line -kilometre high -
resolution drone magnetic survey and an additional geophysical VLF-EM, DTM and Mag
survey that was completed in October.
The 2021-2022 diamond drill program began in mid -December and continued through
January. All of the drill holes were located in an area that underwent significant trenching
activity during the summer program and was designed to evaluate the copper
mineralization intercepted in this particular area. The location of drill targets were selected
as a result of an extensive review and interpretation of the historical prospecting
database, and the previously identified magnetic anomaly believed to be in a skarn and
hornfels zone, a favourable host rock for copper mineralization.
Assay results are set out in Table 1 and include samples from drill hole BL-21-001 to BL-
22-007 which were collected on a 1m to 1 .5m basis. The results are reported as an
average grade over the width of the sample . Holes BL-22-005 and BL-22-006 identified
that copper values at the surface were as sociated with the targeted high magnetic
anomaly. The mineralisation was located in the skarnified Whitehead Suite (Silicified -
limestone/siltstone unit) mostly associated with quartz-carbonate veins.
Other notable intercepts include the following:
• BL-22-005 intercepted a total width of 7.04m grading at 0.44% Cu (Copper), 14.64
g/t Ag (Silver), 0.184 g/t Au (Gold), or 0.64% CuEq (Copper Equivalent)
• BL-22-006 intercepted 118.84m grading at 0.23% Cu, 7.53g/t Ag and 0.04 g/t Au,
or 0 .33% CuEq - which includes an intercept of 58 .62m grading 0 .44% Cu,
12.98g/t Ag, 0.06g/t Au, or 0.60% CuEq. There was also an interesting intercept
of 0.77m grading at 0.341% Cu, 51.9 g/t Ag, 0.36 g/t Au, 0.543% Pb (Lead) and
2.12% Zn (Zinc).
Intercepts from the 7 drill holes are presented in table 1 with their respective CuEq value.
* CuEq calculation are detailed and set out in the table.
The mineralisation association with quartz/carbonate veins guides the interception s
towards a more distal system . The depth of the notable intercepts suggest that there is
potential for mineralisation to continue at depth over the entire target area. The results of
this drill campaign, when evaluated in conjunction with the 2021 geophysical survey TMI
results, have identified a further 6 high mag targets that would be the aim of further
geological work on the property, which would further demonstrate the full potential of the
project.
Figure 1: Localisation of the 6 High Mag Targets on the Burntland property with TMI image in background
Table 1 below lists the best assay results received and utilizes samples with over 1 .0%
Copper Equivalent index (CuEq). The CuEq was cal culated due to the presence of
significant silver and gold values associated with the copper results and was calculated
using the criteria described below.
Drill Hole From To Width Cu (%) Ag (g/t) Au (ppm) Cu EQ (%)
BL-21-001 56.35 57.34 0.99 0.0057 17.7 1.46 1.21
BL-21-001 69 69.9 0.9 0.0007 5.8 1.115 0.86
BL-21-001 87.08 87.4 0.32 1.22 14.9 0.018 1.35
BL-21-001 92.5 93.3 0.8 3.14 19.3 0.031 3.32
BL-21-001 144 144.25 0.25 0.0046 3.3 1.38 1.04
BL-21-001 174.17 174.48 0.31 3.61 24.8 0.045 3.84
BL-21-002 28.6 29.6 1 1.21 10.5 0.021 1.31
BL-22-005 31.54 33.66 2.12 0.28 40.43 0.58 1.03
BL-22-006 110.83 113 2.17 0.95 29.43 0.18 1.32
BL-22-006 118.23 120 1.77 0.43 51.79 0.49 1.21
BL-22-006 130.1 132.33 2.23 1.84 96.61 0.18 2.75
BL-22-006 142.58 144.38 1.8 1.07 24.98 0.04 1.30
BL-22-006 146.74 147.11 0.37 1.645 50.5 0.025 2.07
BL-22-006 148.12 148.84 0.72 1.265 16.1 0.03 1.42
BL-22-007 16.1 17 0.9 0.0138 39 0.991 1.05
• Cu Equivalent (CuEq): - Prices of $3.5/lb copper, $19.50/oz silver and $1,750/oz
gold (ratio Cu:Aa = 0.008125:1) and (ratio Cu:Au = 0.729166:1). (CuEq = Cu +
0.729166*Au + 0.008125*Ag). were used for equivalent calculations. 100%
recoveries have been considered as no metallurgical study has been made yet.
CAT CEO, Robert Rosner, stated “These results from our initial drill program on
Burntland are very interesting encouraging. The limited scope of the drilling was
designed to confirm certain particulars contained in the historical database as well as
substantiate the various indicators that came out of the trenching program, the high-
resolution drone magnetic survey, and the geophysical VLF-EM, DTM and Mag survey.
Further evaluation is required and ongoing, however the opinion of the technical team
and management at this time is that further exploration work, including a potential
expanded drill plan is warranted.”
Mr. Patrick Laforest, P.Geo (Québec & New -Brunswick), B.Sc, MBA , is the qualified
person as defined by National Instrument 43 -101 who has reviewed and approved the
technical contents of this press release.
About CAT Strategic Metals Corporation (CAT)
CAT Strategic Metals' corporate strategy, as reflected in its overall Mission Statement, is
to source, identify, acquire and advance property interests located in mineral districts
proven to have world -class potential, primarily for gold and copper. In addition to the
priority South Preston Uranium Project, CAT' is focused on advancing the B urntland
Project located northeast of St. Quentin in the Restigouche County, New Brunswick,
Canada, directed at the exploration and development of several Skarn -hosted copper-
silver, gold targets and the Gold Jackpot strategic metals property located NE of Elko,
Nevada, in the Pequop gold-copper trend with multiple targets for gold-silver, copper, and
tellurium. CAT's shares trade on the Canadian Securities Exchange (CSE) under the
trading symbol "CAT", and on the Frankfurt Stock Exchange under the symbol "8CH".
ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO
Further information regarding the Company can be found on SEDAR
at www.SEDAR.com, by visiting the Company's website www.catstrategic.com or by
contacting the Company directly at (604) 674-3145.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term
is defined in policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
We seek safe harbour.