Strategic Metals Announces Initial Drill Results from its Mt. Hinton Gold and Silver Project, Yukon
Strategic Metals Announces Initial Drill Results from its Mt. Hinton Gold and Silver
Project, Yukon
Vancouver, BC - November 17, 2020 – Strategic Metals Ltd. (TSX -V:SMD) (“Strategic” or “the
Company”) announces the first assay results from the 2020 diamond drill program at its wholly -owned
Mt Hinton gold/silver project. Mt Hinton is a road accessible project located in the Keno Hill Dis trict of
the Tintina Gold Belt, in central Yukon. The property lies immediately southeast of silver/lead mines on
Alexco Resources’ Keno Hill property, which are expected to resume production before the end of the
year, and 35 km southeast of Victoria Gold’s Eagle Mine, which was commissioned in June, 2020.
The 2020 program consisted of 6978 m of HQ diameter, diamond drilling in a total of 32 holes, with 24
holes in the Granite North Zone, five holes in the Southwest Zone and three holes in the Northern
Structural Corridor. The results in this release are from six holes that comprise a section line across part
of the Granite North Zone (see Figures 1 and 2 attached).
The assay highlight from this section is 1.47 g/t gold and 2.41 g/t silver over 7.13 m, including 5.36 g/t
gold and 7.66 g/t silver over 1.32 m, in Hole MH-20-005.
The Granite North Zone is characterized by occasional coarse visible gold in talus and localized bedrock
exposures. The section line is oriented sub -parallel to foliation and layering in host rocks and crosses a
number of north-northeasterly trending, 5 to 25 m wide vein/breccia/alteration bands that were mapped in
talus and outcrop within the up to 400 m wide zone. All of the holes intersected abundant quartz veining
of differing types. None of the holes on this section line intersected visible gold or a bundant sulphide
mineralization, which were reported from later holes in the program.
Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t)
MH-20-001 78.44 79.30 0.86 2.59 0.98
MH-20-003 127.45 128.41 0.96 3.14 6.56
MH-20-005 145.85 152.98 7.13 1.47 2.41
including 151.66 152.98 1.32 5.36 7.66
MH-20-006 101.30 101.8 0.50 1.24 0.88
MH-20-007 93.57 94.61 1.04 2.16 1.96
MH-20-008 60.77 64.25 3.48 0.67 1.37
MH-20-008 69.00 69.62 0.62 4.43 4.04
The holes covered by this news release are located near the top of the system of trails/trenches that
provided drill access. Based on results from the se holes and earlier surface work, gold in the Granite
North Zone is primarily associated with transparent, vuggy quartz veining that contains minor to trace
amounts of pyrite and arsenopyrite, or related minerals formed by weathering. This veining is best
developed in quartzites and typically pinches and deflects when it encounters phylilite horizons or gabbro
bodies.
2
3
QA/QC
Assay results of core samples from the drill holes have been severely delayed by overloading at the
analytical laboratory. Problems related to COVID safety protocols have been compounded by a rapid up-
tick in drill activity world-wide. Mt Hinton core processing has been further delayed by the very rigorous
sampling, sample preparation and analytical techniques being used to ensure that the results are as reliable
as possible given the presence of coarse gold in some veins. The drilling and sampling progra ms were
designed to evaluate potential for both bulk-tonnage and discrete vein targets.
All analyses of core samples from the 2020 program were performed by ALS Minerals with sample
preparation in Whitehorse and assays and geochemical analyses in North Van couver. Samples were
routinely analyzed for gold by a 50 g fire assay followed by atomic absorption (Au -AA24 or Au-AA26)
and 51 elements by inductively coupled plasma -mass spectrometry (ME -MS41). Samples that exceeded
the detection limits of the routine me thods were assayed for silver, copper, lead and zinc by inductively
coupled plasma -atomic emission spectroscopy (Ag/Cu/Pb/Zn – OG46). Sample intervals that visually
appeared potentially well mineralized were grouped into separate batches which were subjec t to an extra
wash step during preparation. Batches identified as potentially mineralized were further analyzed for
gold and silver using a metallic screen analysis (ME -SCR24) to evaluate the presence of coarse -grain
mineralization. Gold and silver value s reported in this news release are from the screen analysis for
samples where both a fire assay and a screen analysis result exist.
Rigorous procedures were in place regarding sample collection, chain of custody and data entry. Certified
assay standards, coarse reject duplicates, field duplicates and blanks were routinely inserted into the
sample stream to ensure integrity of the assay process. All of the results reported have passed the QAQC
screening.
Technical information in this news release has been a pproved by Matthew R. Dumala, P.Eng., a
geological engineer with Archer, Cathro & Associates (1981) Limited and qualified person for the
purpose of National Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with a portfolio of more than 130 projects that are the product of over 50
years of focussed exploration and research by a team with a track record of major discoveries. Current
projects include more than 80 properties where precious metals are a major component. Projects available
for option, joint venture or sale include drill -confirmed prospects and drill -ready targets with high -grade
surface showings, geochemical anomalies and geophysical features that resemble those at nearby
deposits.
Strategic has a curren t cash position of over $ 9 million and large shareholdings in a number of active
mineral exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven
Resources Ltd., 19. 2% of Precipitate Gold Corp., 18.7% of Silver Range Resources Ltd., and 21.9% of
Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed a
US$9.2 million financing to advance its environmentally-friendly, cost-effective alternative to Portland
cement.
ON BEHALF OF THE BOARD
"W. Douglas Eaton"
President and Chief Executive Officer
Corporate Information
Investor Inquiries
4
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
www.strategicmetalsltd.com
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.
This news release may contain forward looking statements based on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of exploration
and other risk factors beyond its control, and actual results may differ materially from the expected
results.