Strategic Metals Ltd. Expands GK Property in British Columbia’s Golden Triangle
Strategic Metals Ltd. Expands GK Property in British Columbia’s Golden Triangle
September 13, 2017 - Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) is pleased to announce that it has
more than doubled the size of its wholly owned GK property located in the Golden Triangle of Northern
British Columbia. The GK property lies approximately 40 km southeast of the former Golden Bear Mine,
90 km north of the Galore Creek and Schaft Creek Deposits, and 95 km west of the Red Chris
Mine/Tatogga Gold discovery.
The G
K property features highly prospective gold-copper soil geochemical anomalies and mineral
showings hosted by units of the Stuhini Group and related plutons. The centre of the property is 12 km
from Telegraph Creek and a road extending from Telegraph Creek to Glenora crosses the southern corner
of the claim block.
The GK property covers 27,400 hectares (274 sq km) and encompasses drainages that yielded 90 to 99 th
percentile gold and copper values from regional-scale stream sediment surveys. Historical soil
geochemical surveys have identified two, greater than 3000 hectare anomalies characterized by 50 to 6180
ppb gold and 200 to 6180 ppm copper values, plus several smaller anomalies of similar intensity. High
arsenic values are found within most of the geochemically anomalous areas, while silver and lead are
locally elevated. The majority of the anomalous sample sites have not been prospected, but cursory
follow-up has discovered numerous structurally-controlled showings hosting 5 to 47.5 g/t gold. Only two
drill holes have been completed on the property and both returned encouraging results. The best hole,
which intersected a near vertical vein 75 m below surface, graded 13.1 g/t gold and 6.05% copper across
0.74 m within a broader interval averaging 1.38 g/t gold and 0.62% copper over 9.14 m. This hole lies
wit
hin a 3,500 m long soil anomaly.
“The GK property is one of several large-scale gold±copper projects Strategic holds in Yukon and British
Columbia,” states W. Douglas Eaton, President and CEO. “We plan to systematically advance these
wholly owned projects as this metal cycle strengthens.”
About Strategic Metals Ltd.
Strategic is a project generator with a portfolio of more than 100 projects that are the product of over 50
years of focussed exploration and research by a team with a track record of major discoveries. Current
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, which resemble those
at nearby deposits.
Strategic has a current cash position of over $15 million and large shareholdings in a number of active
mineral exploration companies including 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 give Strategic significant, indirect exposure to more than $ 20 million of diamond
drilling in 2017.
ON BEHALF OF THE BOARD
“W. Douglas Eaton”
2
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
This news rel ease may conta in forward looking statem ents based on a ssumptions and j udgments of management
regarding future events or resu lts that may pr ove to b e inaccurate as a resu lt of exploration and oth er ri sk factors
beyond its control, and actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined i n the
policies of the T SX Venture Exchange) ac cepts responsibility for the adequacy or accuracy of this release.