Strategic Metals Ltd. Announces 2018 Exploration Plans
STRATEGIC METALS LTD. ANNOUNCES 2018 EXPLORATION PLANS
Vancouver, B.C. – May 1, 2018 - Strategic Metals Ltd. (TSX -V: SMD) (“Strategic”) is pleased to
announce 2018 exploration plans for a number of its wholly-owned properties. The exploration program
is scheduled to include 4 ,000 m of diamond drilling on two properties and surface work on 1 8 other
properties, located in relatively accessible regions of Yukon, Northwest Territories and northern British
Columbia.
Drill Programs
The 2018 drill program at the Saloon property will target copper-silver±gold mineralization that occurs in
multiple horizons and nearby quartz veins. The mineralization is thought to be associated with an
extensive volcanic -hosted sulphide system hosted by highly prospective units of the Finlayson
Assemblage. A total of 1 ,000 m of drilling is planned to evaluate precious metal -rich, copper
mineralization at the Stampede Zone, where a 2016 diamond drill hole intersected four mineralized
horizons, including one that graded 0.40% copper and 128.46 g/t silver over 30.23 m. The drilling will
also test near h istorical underground workings located about 200 m along strike to the north. Rock
samples from old dumps at these workings assayed up to 10.37% copper and 44.57 g/t gold.
The road accessible Hopper property hosts a three kilometre by two kilometre hydrothermal system that
includes numerous mineralized skarn horizons flanking undrilled calc -alkaline porphyry targets. A total
of 3,000 m of drilling is planned in 2018 to evaluate porphyry copper -gold-molybdenum mineralization
and related alteration, associated with the Casino Suite aged (78 Ma) Hopper pluton . Casino Suite
plutons are associated with most porphyry deposits in the Dawson Range of southwest ern Yukon.
Historical drilling on the property has focussed on copper -gold skarn mineralization peripheral to th e
Hopper pluton. Highlight results from this drilling include 1.94% copper and 0.87 g/t gold across 18.59
m (true thickness approximately 12 m); 9.44 g/t gold and 0.01% copper over 2.0 m within a broader
interval that averaged 3.35 g/t gol d and 0.43% copper across 7.5 m ; and, 12.15 g/t gold and 0.95%
copper over a true width of 2. 65 m and 43.6 g/t gold over 1.0 m true width. The only diamond drill
hole located near porphyry targets averaged 0.17% copper over 162.85 m.
Surface Programs
Surface work is scheduled for 18 of Strategic’s other properties. This work will include various
combinations of mapping, prospecting, soil sampling, hand trenching and induced polarization
geophysical surveying , with the objective of readying as many of those target s as possible for future
drilling.
Strategic currently has Class 3 land use approvals for large drill programs on 14 of its projects. All of
Strategic’s projects are wholly -owned and nearly all have no underlying royalties attached to them.
Strategic i s discussing potential options for some of the projects with other parties and invites new
inquiries.
Maps and figures pertaining to the properties described above, and to other drill -ready projects , are
available at www.strategicmetalsltd.com.
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The 201 8 exploration programs will be conducted by Archer, Cathro & Associates (1981) Limited
(“Archer Cathro”). Technical information in this news release has been approved by Heather Burrell, P.
Geo., a senior geologist with Archer Cathro and a qualified person for the purpose of National Instrument
43-101. All results reported in this news release have been previously released.
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. Projects
include 113 wholly-owned, 6 joint-ventures, 6 subject to a pending sale agreement and 8 royalty interests.
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 $ 12 million and large shareholdings in a number of active
mineral exploration companies including 45.3% of GGL Resources Corp., 39.9% of Rockhaven
Resources Ltd., 30.2% of Precipitate Gold Corp., 17.8% of Silver Range Resources Ltd., 9. 1% Trifecta
Gold Ltd., and 7.3% of ATAC Resources Ltd. These shareholdings are forecast to provide Strategic with
indirect exposure to more than $16 million of diamond drilling in 2018.
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
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.