Strategic Metals Farms-Out Its Blue Heaven Silver Project
STRATEGIC METALS FARMS-OUT ITS BLUE HEAVEN SILVER PROJECT
Vancouver, B.C. – June 4, 2020 - Strategic Metals Ltd. (TSX -V: SMD) (“Strategic”) is pleased to
announce the signing of a farm -out agreement with CMC Metals Ltd. (“CMC”) relating to its Blue
Heaven silver project.
Strategic has granted CMC a two staged option to acquire up to a 100% interest in the Blue Heaven silver
project (the “Property”), located adjacent to CMC’s Silver Hart Deposit and about 50 km north of Coeur
Mining’s Silver Tip Mine. The Blue Heaven is one of several high grade silver projects held by Strategic
that host mineralization grading in excess of 1,000 g/t silver.
Under the first option CMC can earn an 80% interest by making staged payments to Strategic totalling
$400,000 by June 1, 2024. Following the exercise of the first option, Strategic will retain a 10% net
smelter return royalty interest (“NSR”) from all high gr ade mining and a 2% NSR from all commercial
scale mining. Upon exercising the first option, CMC will have a second option to earn an additional 20%
interest in the Property by paying Strategic an additional $500,000 within 180 days of the exercise of the
first option.
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 w here 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 current cash position of over $ 6.5 million and large shareholdings in a number of active
mineral exploration companies including 46.3% of GGL Resources Corp., 36.3% of Rockhaven
Resources Ltd., 19.9% of Precipitate Gold Corp., 1 8.7% of Silver Range Resources Ltd., 8.7 % Trifecta
Gold Ltd., and 6.1 % of ATAC Resources Ltd. Strategic also holds a 56.7% interest in Terra CO2
Technologies Ltd., a private company which is developing an environmentally -friendly, cost -effective
alternative to Portland cement.
ON BEHALF OF THE BOARD
“W. Douglas Eaton”
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at
www.strategicmetalsltd.com or contact:
Corporate Information
Investor Inquiries
Richard Drechsler
2
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
http://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.