Strategic Metals Highlights the CD Copper-Gold Porphyry Target, Southwestern Yukon
Strategic Metals Highlights the CD Copper-Gold Porphyry Target, Southwestern Yukon
• Strong soil geochemical anomaly suggests the presence of a robust porphyry system
• Magnetic high flanked by chargeability highs defines compelling drill targets
• Fully permitted for a large-scale drill program
Vancouver, B.C. – May 9, 2024 – Strategic Metals Ltd. (TSX -V: SMD) ( “Strategic” or the
“Company”) is pleased to report results from a recently completed reinterpretation of geological,
geophysical and geochemical data from its wholly owned CD Project (“CD” or the “Project”), in
southwestern Yukon. The Project lies within the Dawson Range Gold Belt, a metallogenic
province that hosts several major deposits including Western Copper and Gold Corporation’s
Casino porphyry copper-gold deposit (Figure 1), 85 km to the northwest; Newmont Corporation’s
Coffee gold deposit, 120 km to the northwest; and Rockhaven Resources’ Klaza epithermal gold-
silver deposit, 20 km to the east.
Mineralization in the belt is commonly associated with Late Cretaceous intrusions – particularly
small plugs and breccia bodies of the Late Cretaceous Casino Suite. At CD, porphyry-style veining
and alteration ha ve been identified in an area underlain by a quartz diorite porphyry stock and
breccia body of Late Cretaceous age, which is expressed on surface by a 1 ,200 m by 400 m area
of highly anomalous gold- (up to 1,270 ppb) and copper-in-soil (up to 1,485 ppm) geochemistry
(figures 2 and 3 ). This very strong geochemical anomaly lies within an elongate d, east -west
oriented magnetic feature . Recent 3D reinterpretation of magnetic and induced polarization
geophysical data demonstrates that a conspicuous magnetic high in eastern part of the anomaly
coincides with a resistivity low, flanked by chargeability highs. These geophysical features, which
are situated at shallow depths, are characteristic of chargeable sulphide minerals around a porphyry
core.
The project area covers moderate rolling hills and lies within a variably glaciated area of the
Yukon, at the margin of the unglaciated Yukon Plateau. The porphyry occurrence at CD, referred
to as the Maloney Zone, was identified soon after the Casino deposit was discovered in the late
1960s. Early exploration efforts focussed on an area of strong copper-in-soil geochemistry in the
lower part of a west -facing valley. In 1976, six shallow diamond drill holes circumscribed the
peak copper soil geochemistry but failed to test the area of highest gold geochemistry or the core
of the geophysical target. The Company believes that when the sulphide minerals were weathered,
copper was leached and transported by groundwater flux and then reprecipitated to the present
location of the copper-in-soil anomaly, leaving behind a residual, in -situ gold -in-soil anomaly.
This scenario has been observed at the Casino deposit, where there is a well -developed, gold-
enriched leached cap and an underlying copper-enriched supergene zone that includes an area
downstream of the deposit where copper-bearing springs come to surface. Significantly, at CD,
the area of peak gold -in-soil response is cored by the conspicuous magnetic high, coincident
resistivity low and flanking chargeability highs described above (figure 3).
Strategic’s Vice President Exploration, Jack Morton commented, “The geophysical and
geochemical anomalies identified at CD are similar in size and tenor to those identified at the
Alotta Project, which is situated 54 km northwest of CD, in the Dawson Range Gold Belt . On
May 7, 2024, Strategic’s partner Forge Resources Corp. announced that it plans to commence
2,500 m of diamond drilling at Alotta to follow up encouraging drill intercepts from its maiden
campaign, including 0.46 g/t gold over 211.65 m from surface (see news release dated February
29, 2024).The Strategic team consider the Maloney Zone at CD to be one of the Yukon’s foremost
untested porphyry targets.”
More details on the CD project, including a detailed brochure, can be found at:
https://strategicmetalsltd.com/projects/CD
Technical information in this news release has been approved by Strategic’s Vice President
Exploration, Jackson Morton, P.Geo., a qualified person as defined under the terms of National
Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with 12 royalty interests, 15 projects under option to others, and a
portfolio of 82 wholly owned projects that are the product of over 50 years of focussed exploration
and research by a team with a track record of major discoveries. Projects available for option, joint
venture or sale include drill -confirmed prospects and drill -ready targets with high -grade surface
showings and/or geochemical anomalies and geophysical features that resemble those at nearby
deposits.
Strategic has a current cash position of approximately $ 1.8 million and large shareholdings in
several active mineral exploration companies including 32.8% of Broden Mining Ltd., 33.4% of
GGL Resources Corp., 29.6% of Rockhaven Resources Ltd., 16.2% of Silver Range Resources
Ltd and 15.6% of Precipitate Gold Corp. All these companies are engaged in promising exploration
projects. Strategic also owns 15 million shares of Terra CO2 Technologies Holdings Inc. (“Terra”),
a private Delaware corporation developing a cost-effective alternative to Portland cement, which
recently announced a definitive agreement with Asher Materials for an exclusive market license
of Terra's first commercial-scale advanced processing facility.
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
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Investor Inquiries
Richard Drechsler
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.