Strategic Metals Ltd expands its Lance property in the Tombstone Gold Belt, Yukon
Strategic Metals Ltd expands its Lance property in the Tombstone Gold Belt,
Yukon
November 16, 2022 – Strategic Metals Ltd. (Strategic” or the “Company”) is pleased to announce
that it has staked claims to significantly expanded its Lance property in central Yukon. The new
claims nearly double the size of the property to 105.8 square kilometres.
The Lance property lies approximately mid -way between Snowl ine Gold Corp.’s exciting drill
discovery at the Rogue Project and the prolific Keno Hill District, which contains silver mines that
were recently purchased by Hecla Mining, the Eagle Gold Mine owned by Victoria Gold Corp.
and the rapidly expanding AurMac deposit being explored by Banyan Gold Corp.
The Tombstone Gold Belt is becoming increasingly well-known for its intrusion-related deposits.
It runs through central Yukon and extends into eastern Alaska, after being offset by post -
mineralization movement o n the Tintina Fault, as shown on Figure 1. Strategic has a very
significant presence in Yukon portion of the belt with 15 wholly owned properties and NSR royalty
holdings in another 7 properties. Lance and Mt Hinton, which adjoins Hecla’s claims in the Keno
Hill District, are two of its key holdings in the belt.
The Lance property has only been lightly explored but is known to host a number of geological,
geophysical and geochemical f eatures that closely resemble those at the Rogue Project. These
features include evidence of high-level intrusions, magnetic lows and soil geochemical anomalies
for gold, arsenic, bismuth, tellurium and tungsten. Most of the property lies below 1400 m
elevation so glacial transported soils are common and bedrock exposures are limited. Despite
glacial dispersion, reconnaissance-scale soil geochemical results include several very strong gold
values ranging between 100 and 8,300 ppb, as shown on Figure 2.
Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior
geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose
of National Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with 13 royalty interests, 7 projects under option to others, and a
portfolio of more than 100 wholly owned 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 and/or geochemical anomalies and geophysical features that resemble
those at nearby deposits.
Strategic has a current cash position of approximately $5 million and large shareholdings in several
active mineral exploration companies including 32.8% of Broden Mining Ltd., 34.5% of GGL
Resources Corp., 31.6% of Rockhaven Resources Ltd., 19.6% of Honey Badger Silver Inc., 15.7%
of Precipitate Gold Corp. and 17.2% of Silver Range Resources Ltd. All these companies are well
funded and are engaged in promising exploration projects. Strategic also owns 15 million shares
and 5 million warrants of Terra CO2 Technologies Holdings Inc., a private Delaware corporation
which recently completed another large financing to advance its environmentally friendly, cost -
effective alternative to Portland cement.
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.