Strategic Metals Ltd. Announces 2019 Drilling
STRATEGIC METALS LTD. ANNOUNCES 2019 DRILLING
Vancouver, B.C. – May 9, 2019 – Strategic Metals Ltd. (TSX -V: SMD) (“Strategic” or the “Company” )
is pleased to announce its exploration plan for summer 2019. The plan includes diamond drilling at three
projects and surface work on several others, which is designed to advance those projects to drill -
readiness. The announced plan represents Phase 1 of a larger program that is expected to continue into
fall, dependent upon Phase 1 results and market conditions.
Diamond drilling is scheduled to start in late June at the Meloy, Sixty Mile and Hartless Joe properties, as
described in the following paragraphs and at the Company’s website, www.strategicmetalsltd.com.
The Meloy property is located 45 km northwest of the Alaska Highway and 15 km northeast of the
Gladstone Creek placer gold district, in southwes tern Yukon. The main exploration target is a porphyry
copper-silver-gold-molybdenum system that is marked by an intense multi -element geochemical
anomaly. Deep holes will test beneath surface oxidization across the core of the geochemical anomaly.
The Sixty Mile property lies within the second largest placer gold district in Yukon. It is road accessible
and is located 70 km west of Dawson City. The property covers a 20 km strike length of a major fault,
which localized magmatism and mineralization in th e district. Strategic’s 2019 drilling will test around
an epithermal vein intersected in an isolated 2011 hole, which graded 132.9 g/t gold over 1.5 m. Drilling
will also test an area with very low resistivity and coincident copper -molybdenum-gold-silver soil
geochemistry, which were identified after the last drill program was conducted.
The Hartless Joe property is located 22 km east of Whitehorse in southern Yukon. It hosts numerous high
grade gold ± silver showings associated with steeply dipping epi thermal veins and sub -horizontal quartz
zones that may be exhalite horizons. The showings span a 6 km by 3.5 km area that remains open to new
discoveries. The proposed holes will test beneath mineralization in hand trenches and talus trains, and
across a chargeability high that coincides with a broad, strong soil geochemical anomaly.
“The 2019 drilling is expected to confirm the potential of these prospects and provide valuable insights
that will guide future drilling ,” states Doug Eaton, Strategic’s Pres ident and CEO. “The surface
exploration at other projects will be done concurrently and is important because it will better define the
targets, reducing risks prior to drilling. Strategic is focusing on projects that are camp -scale and have
potential for multi-million ounce gold discoveries.”
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
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 $8 million and large shareholdings in a number of active
mineral exploration companies including 45.3% of GGL Resources Corp., 41.8% of Rockhaven
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Resources Ltd., 27.7% of Precipitate Gold Corp., 17.9% of Silver Range Resources Ltd., 9.1% Trifecta
Gold Ltd., and 6.4% of ATAC Resources Ltd.
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 re sults may differ materially from the expected
results.