Strategic Metals Ltd. discovers impressive gold-in-soil anomalies and high grade gold mineralization at its Mount Hinton Property in Yukon Territory
Strategic Metals Ltd. discovers impressive gold-in-soil anomalies and high grade gold
mineralization at its Mount Hinton Property in Yukon Territory
September 13, 2018 – Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) is pleased to announce
results from 2018 exploration work at its wholly owned Mount Hinton property, located within
the prolific Keno Hill mining camp in central Yukon Territory. The Mount Hinton property is
road accessible and lies three to fifteen kilometres south of Alexco Resource Corp’s mill in Keno
City.
The Mount Hinton property hosts numerous precious metal rich veins developed in steeply
dipping dilatant zones , which cut the same stratigraphic package as the Keno Hill veins.
Previous work has identified several well mineralized veins that have not yet been tested by
diamond drilling (see figure attached).
The 2018 exploration program at the Mount Hinton property focused on the Granite Creek
drainage where recent placer mining has yielded large gold nuggets and wire gold, indicating a
nearby bedrock source (see photos on website ). The program consisted of prospecting and soil
sampling done with a Yukon Minerals Exploration Program (YMEP) grant. Strategic would like
to thank the Yukon Government, and specifically the Yukon Geological Survey, for awarding a
YMEP grant for the 2018 exploration program on the Mount Hinton property.
Highlight results include:
The soil g eochemical anomaly was extended three kilometres further to the
southeast and outlined some of the strongest geochemistry on the property with
numerous samples returning greater than 1 g/t gold-in-soil;
A continuous chip sampling across Vein 12 returned 8.82 g/t gold, 63.48 g/t
silver and 2.34% lead over 1.95 m;
A 7 to 11 m wide zone of quartz vein and stockwork was discovered in subcrop
and returned rock samples grading:
o 9.5 g/t gold and 5.02 g/t silver;
o 9.15 g/t gold and 5.17 g/t silver; and,
o 2.91 g/t gold and 1.94 g/t silver; and,
Float samples from new areas of mineral ization on the east side of Granite Creek
yielded 17.25 g/t gold, 225 g/t silver and 2.01% lead, and 14.75 g/t gold, 633 g/t
silver, 2.22% lead.
Analytical work was done by ALS Minerals, with sample preparation in Whitehorse, Yukon and
assays and geochemical analyses in North Vancouver, British Columbia. All rock samples were
analyzed for gold by fire as say fusion and inductively coupled plasma -atomic emission
spectrometry (Au-ICP21) and 51 other elements by aqua regia digestion and inductively coupled
plasma-atomic emission spectroscopy (ME-MS41). Overlimit values were determined for silver,
lead and zinc by aqua regia digestion and inductively coupled plasma -atomic emission
spectroscopy (Ag- and Pb-OG46). Overlimit analysis for samples with lead greater than 20%
were completed by acid dissolution and titration (Pb-VOL70).
The 201 8 field program on the Mount Hinton property was managed 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 qua lified
person for the purpose of National Instrument 43-101.
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 focused exploration and research by a team with a track record of major
discoveries. Projects include 119 wholly -owned, 5 joint -ventures, 2 under option 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 $10 million and large shareholdings in a number of
active mineral exploration companies including 45.3% of GGL Resources Corp., 41.75% of
Rockhaven Resources Ltd., 30.2% of Precipitate Gold Corp., 17.8% of Silver Range Resources
Ltd., 9.1% Trifecta Gold Ltd., and 6.7% 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
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.
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