Strategic Metals receives drill results from its Hopper Cu-Au-Ag project, Yukon
Strategic Metals receives drill results from its Hopper Cu-Au-Ag project, Yukon
Vancouver, B.C. – September 28, 2021 – Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) reports that
on September 27, 2021, CAVU Mining Corp. (“CAVU”) announced excellent drill results from a new
area of skarn mineralization at the Hopper copper -gold-silver project, located in southwestern Yukon.
CAVU holds the Hopper project under option and can acquire a 70% interest in the project by incurring
$5 million in ex ploration expenditures, paying Strategic $700,000 in cash, and issuing Strategic 500,000
CAVU shares, by March 31, 2025.
Highlights from the first three drill holes recently announced by CAVU were:
• 1.405% copper, 0.532 g/t gold and 11.7 g/t silver over 22.28 m in hole 1;
• 0.622% copper, 0.197 g/t gold and 4.2 g/t silver over 9.39 m in hole 2; and,
• 1.365% copper, 0.488 g/t gold and 9.6 g/t silver over 10.96 in hole 3.
Details concerning the drill results, locations of the holes and photos of the mineraliz ed intervals appear
on CAVU’s website cavumining.com.
“Strategic congratulates CAVU on its discovery and anticipates that future drilling will result in more
discoveries within this large skarn/porphyry complex” states Doug Eaton, CEO of Strategic. “CAVU’s
discovery spotlights the copper potential of southwestern Yukon, an area which hosts several mines,
former mines and undeveloped copper deposits. Strategic owns a number of other promising copper-gold
projects in this area and sees CAVU ’s success a potential stimulus for exploration throughout the
district.”
The Hopper project is located along the Ashihik road, 50 km from its junction with the Alaska Highway
and 22 km north of the Ashihik hydroelectric dam. A system of 4 by 4 roads provides access to the main
exploration areas. The project is comprised of 365 mineral claims encompassing a 74 sq. km. area. The
Hopper project is situated within the Tradition Territory of the Champagne and Ashihik First Nation,
which has an exploration benefits agreement with Strategic.
QP Statement
Roger Hulstein, P. Geo., is the qualified person for the Company as defined in the National Instrument
43-101 and has reviewed the technical information presented within the news release.
About Strategic Metals Ltd.
Strategic is a project generator with 11 royalty interests, 8 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 ven ture 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 $7.5 million and large shareholdings in a number of active mineral
exploration companies including 40% of Broden Mining Ltd., 38.9% of GGL Resources Corp., 33.5% of
Rockhaven Resources Ltd., 19.9% of Honey Badger Silver Inc., 19.2% of Precipitate Gold Corp. an d
18.7% of Silver Range Resources Ltd. All of these companies are well funded and are engaged in
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promising exploration projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a
private Delaware corporation which recently completed a US$9.2 million financing to advance its
environmentally-friendly, cost-effective alternative to Portland cement. The current value of Strategic’s
stock portfolio, excluding Broden Mining Ltd is approximately $21 million.
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 re sults may differ materially from the expected
results.