CAT Strategic Receives Work Authorization to Conduct Diamond Drill Program ON Burntland Project in New Brunswick; Additional Drill Targets to Be Identified Following Latest Airborne Geophysical Survey.
1010 –789 West Pender Street, Vancouver, BC V6C 1H2
NEWS RELEASE
CSE: CAT
OTC: CATTF
FRA:8CH
CAT STRATEGIC RECEIVES WORK AUTHORIZATION TO CONDUCT DIAMOND DRILL
PROGRAM ON BURNTLAND PROJECT IN NEW BRUNSWICK; ADDITIONAL DRILL
TARGETS TO BE IDENTIFIED FOLLOWING LATEST AIRBORNE
GEOPHYSICAL SURVEY.
VANCOUVER, BC November 4, 2021 CAT Strategic Metals Corporation (CSE: CAT) (“CAT” or
the "Company") announces that it has received all of the necessary governmental authorizations
and permits required to begin diamond drilling on the Company’s Burntland Property in northern
New Brunswick. CAT is about to proceed with a 7 hole diamond drill program to further explore
and evaluate the potential volume of a trenching program that occurred over the summer of
2020.
This previous trenching identified extensive areas of skarnified sediment-hosted mineralization
adjacent to porphyry dykes. The average of 27 samples collected from this trench area returned
1.67 % Cu and 39.3 g/t Ag, with samples taken selectively across approximately 60 metres of
the exposed trench. The highest-grade samples from this exercise include up to 16.3 % Cu &
220.0 g/t Ag, 5.58 % Cu & 192.0 g/t Ag, and 6.2 % Cu & 118 g/t Ag. Note that rock grab samples
are selective by nature and values reported may not represent the true grade or style of
mineralization across the property. A historical ground magnetic survey indicates that skarn-type
mineralization on the Project is often found at the margins of magnetic-high areas.
Over the summer of 2021, CAT conducted a 975 line-kilometre high-resolution drone magnetic
survey that was flown at a low elevation approximately 10 metres above the tree-line and at 25
metre line spacings, covering the entirety of the Project. The magnetic survey, flown at low
altitude and lower speeds compared to conventional helicopter or fixed-wing surveys, collected
an abundance of data that was used to identify structural features that may be related to
mineralization as well as to identify areas of magnetic disruption that may be related alteration
associated with hydrothermal mineralizing fluids.
The results of the drone magnetic survey indicated that further work needed to be done and the
Company engaged EAGLE Geophysique Inc. (“EAGLE”) to perform a geophysical VLF-EM,
DTM and Mag survey designed to identify structures that would provide enough data to establish
targets for a diamond drill program. This recently concluded survey, known as a Quadri-Mag, is
the latest generation in high precision airborne equipment, and the ultra-wide horizontal and
vertical gradient allows mapping of subtle changes in rock properties. The platform was towed
under a helicopter for maximum ground proximity, and It’s 10 meter horizontal and 3 meter
vertical gradient enable it to locate hydrothermal alteration, kimberlite dykes and sills and other
geological structural features. The passive EM equipment is capable of detecting conductors at
depths greater than 1 kilometer. By measuring naturally occurring EM fields (AFMAG - audio
frequencies magnetics) both discrete conductors and bulk changes in resistivity and conductivity
common in geologic contacts and structures can be detected.The EAGLE geophysical program
consisted of a total of 970 linear Km’s over a survey area of 47.55 square Kilometers.
The combined data of the trenching geophysical programs were instrumental in identifying the
initial 7 diamond drill targets and allowed the Company to engage Forages Technic Eau Inc.
(“FTE”) as the contractor to undertake the diamond drill program which is scheduled to begin
November 15, 2021. Further, and ongoing, study and interpretation of the most recent EAGLE
geophysical survey is expected to indicate additional areas of heightened interest and result in
identifying additional diamond drill targets on the property.
1010 –789 West Pender Street, Vancouver, BC V6C 1H2
Qualified Person
Mr. Patrick Laforest, P.Geo (Québec), is the qualified person as defined by National Instrument
43-101 who has reviewed and approved the technical contents of this press release. The
Qualified Person has not completed sufficient work to verify the historic information on the
Property, particularly in regard to the neighbouring projects and historical drilling data.
About CAT Strategic Metals Corporation:
CAT Strategic Metals Corporation is a Canadian based mineral exploration company focused on
the acquisition and de risking of overlooked projects situated in well-established World Class
geological districts in North America. The Company is specially focused on minerals which are
considered highly strategic from a monetary as well as global infrastructure and energy point of
view. CAT’s shares trade on the Canadian Securities Exchange (CSE) under the trading symbol
“CAT”, on the OTCMarkets.com under the trading symbol “CATTF”, 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 , by
visiting the Company’s website or by contacting the Company directly at
(604) 674-3145.
This news release may contain forward–looking statements. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Particular risks applicable to this press release include risks associated with
planned production, including the ability of the company to achieve its targeted exploration outline due to regulatory,
technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no
guarantee that a resource will be found or have demonstrated economic viability as necessary to be classified as a
reserve. There is no guarantee that additional exploration work will result in significant increases to resource
estimates.
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.