Strategic Metals Ltd. Announces New Discoveries from Yukon Projects
STRATEGIC METALS LTD. ANNOUNCES NEW DISCOVERIES FROM YUKON PROJECTS
Vancouver, B.C. – December 5, 2017 - Strategic Metals Ltd. (TSX -V: SMD) (“Strategic”) is pleased to
announce new discoveries and other highlights from 2017 exploration programs it conducted on 11 of its
115 wholly owned Yukon properties. The most noteworthy results are summarized below:
Vault is located between the Alaska Highway and the Wellgreen Deposit in southwest Yukon. Several
sizeable very intense gold -in-soil anomal ies (100 to > 10,000 ppb) have been outlined on hillsides
flanking productive placer creeks that drain the property. A boulder composed of rusty quartz vein within
pyritic seri citic schist was collected from one of the soil anomal ies and returned 8.27 g/t gold . This
highly prospective, well located orogenic gold target has never been drilled.
Prospecting and soil sampling at Hartless Joe , which is located within Stikinia terra ne in southern
Yukon, doubled the size of th e known precious metal system. Rock samples collected from new
discoveries within a 6 x 2 km area assayed up to 49.8 g/t gold and 365 g/t silver . Epithermal and
exhalite style mineralization at Hartless Joe resembles that found at some deposits in the Golden Triangle
district of British Columbia.
At Saloon, expanded soil geochemi cal surveys and recent prospecting have identified high priority drill
targets along a 1.8 km trend, extending north from the Stampede Zone where a 2016 drill hole intersected
multiple mineralized horizons including an interval grading 0.40% copper and 1 28.46 g/t silver over
30.23 m. This prospect lies within the highly prospective Finlayson Group and may be volcanogenic.
Sawbuck is a brand new silver prospect located midway between the former Brewery Creek Mine and the
Keno Hill Mining District, within the Tombstone Gold Belt. Four soil samples collected at 50 m intervals
on a reconnaissance contour line averaged a remarkable 301 g/t silver with a peak of 662 g/t. Follow-up
rock sampling returned 105 to 3,160 g/t silver. Cursory geological mapping suggests the mineralization
has structural and stratigraphic controls.
Reconnaissance sampling and prospecting at Rod focused on newly staked claims located within a belt of
known showings that lie along the Dawson Thrust Fault immediately south of ATAC Resources’ Orion
Project, which is subject to a 70% earn-in agreement with Barrick Gold. This belt of showings and multi-
element soil geochemical anomalies is more than 40 km long and includes Glencore’s Craig zinc -lead-
silver deposit. Widely spaced soil sampling in 2017 discovered several high values including 3.4 % lead
and 55.7 g/t silver.
Recent staking, sampling and mapping have more than doubled the size of the target at Meloy, which lies
within the Dawson Range porphyry belt. This porphyry target has the strongest geochemical signature in
the district featuring very high copper-in-soil geochemical values (200 to 4,520) within a 7,000 x 3,000 m
area, which contains localized clusters with strongly anomalous values for other elements. Rock
sampling has returned up to 8.72% copper, 560 g/t silver, 1.47% molybdenum, 1.06 g/t gold, 3.51%
tungsten, 6420 ppm tin, and >1% zinc. The core of this target has never been drilled.
Dabb is a newly recognized lead-zinc-silver prospect located in southern Yukon. S karn mineralization
collected from isolated exposures and talus within an intense, open-ended 1,900 x 700 m soil geochemical
2
anomaly, yielded peak values of 7.29% lead, 6.51% zinc, 83.1 g/t silver and 1.57% copper . This
sizeable prospect has good open pit potential.
Maps and figures pertaining to the properties described above, and to other drill -ready projects , are
available at www.strategicmetalsltd.com.
Analytical work was done by ALS Minerals, with sample preparation in Whitehorse, Yukon and
geochemical analyses in North Vancouver, British Colum bia. Soil samples from the Vault, Salloon,
Sawbuck, Rod and Dabb properties were analyzed for 51 elements by aqua regia digestion and
inductively coupled plasma -atomic emission spectroscopy (ME -MS41) and for gold by fire assay
fusion and inductively coupl ed plasma-atomic emission spectrometry (Au -ICP21). Soil samples from
the Meloy property were analyzed for gold by a 50 g fire assay fusion followed by atomic absorption
spectroscopy (Au -AA24) and for 48 other elements by four acid digestion and inductivel y coupled
plasma-atomic emission spectroscopy (ME -MS61). Rock samples from the Vault and Hartless Joe
properties were analyzed for multi -elements using ME -MS41. Gold analyses for the Vault rock
samples were completed using Au-AA24 and for Hartless Joe rock samples Au-ICP21 followed by fire
assay fusion and atomic absorption spectroscopy (Au -AA25) with a precious metal analysis -screen
metallic gold, double minus (Au-SCR21).
The 2017 exploration programs were 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.
About Strategic Metals Ltd.
Strategic is a project generator with a portfolio of more than 120 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 115 that are wholly-owned, 5 that are in joint-ventures, 6 that are subject to a pending sale
agreement and 8 where Strategic holds 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 $14 million and large shareholdings in a number of active
mineral exploration companies including 45.2% of GGL Resources Corp., 39.7% of Rockhaven
Resources Ltd., 30.2% of Precipitate Gold Corp., 14.3% of Silver Range Resources Ltd., 9.2% Trifecta
Gold Ltd., and 7.3% of ATAC Resources Ltd. These shareholdings gave Strategic indirect exposure to
more than $20 million of diamond drilling in 2017, which yielded particularly favourable results from
Rockhaven and ATAC.
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
3
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 ris k factors
beyond its control, and actual results may differ materially from the expected results.