Strategic Metals Ltd. Options GK Project to a Private B.C. Company
Strategic Metals Ltd. Options GK Project to a Private B.C. Company
June 4, 2019 - Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) is pleased to announce that it has granted
1193490 B.C. LTD. (“NumCo”) the optional right to purchase a 10 0% interest in its GK Project (“GK”).
GK is a copper-gold porphyry and epithermal target located with in northern British Columbia’s golden
triangle. The property covers 27,400 hectares and features hig hly prospective geophysical anomalies,
gold-copper soil geochemical anomalies and mineral showings hos ted within units of the Stuhini Group
and related plutons.
Under the terms of the agreement NumCo can earn its 100% intere st by paying Strategic an aggregate of
$2,525,000 (with $125,000 due by June 14, 2019) and incurring a ggregate exploration expenditures of
$6,900,000 on or before May 31, 2024.
Upon earn-in, Strategic will retain a 2% net smelter return roy alty (“NSR”) on precious metals and a 1%
NSR on other minerals. NumCo can, at any time, purchase half o f (equal to 1% of the net smelter return)
the NSR on precious metals for $3,500,000.
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 tra ck record of major discoveries. Current
projects include 116 wholly-owned, 5 joint ventures, 5 under op tion 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 f eatures that resemble those at nearby
deposits.
Strategic has a current cash position of over $8 million and la rge shareholdings in a number of active
mineral exploration companies including 45.2% of GGL Resources Corp., 41.7% of Rockhaven Resources
Ltd., 27.7% of Precipitate Gold Corp., 17.9% of Silver Range Re sources 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 exp loration 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
2
http://www.strategicmetalsltd.com
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined i n the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.