Strategic Metals Stakes Additional Targets in Yukon Territory
Strategic Metals Stakes Additional Targets in Yukon Territory
April 6, 2017 – Strategic Metals Ltd. (TSX -V: SMD) (“Strategic” or the “Company” ) is pleased to
announce that it has staked 1189 claims in various parts of Yukon Territory to acquire 5 new properties
and significantly expand 5 of its existing properties. All of the new and existing properties are owned
100% by Strategic without any underlying royalty interes ts. A map showing the locations of the newly
staked claims is available at www.strategicmetalsltd.com
“The acquisition of these claims further strengthens Strategi c’s exceptional portfolio of mineral projects
in Yukon,” states Doug Eaton, President and CEO of Strategic. “Strategic is the only company with
multiple prospects in every major mineral belt in the territory.”
Five of the properties are located near the Plateau pro ject in central Yukon, which Newmont Mining
Corporation recently optioned from Goldstrike Resources Ltd. The Lance property was expanded to 590
claims and the Lois property to 528 claims. Both of these properties have responded well to
reconnaissance-scale prospecting and soil geochemical surveys (up to 8.5 g/t Au in soil on the Lance
property), and are underlain by the same geological units as the adjoining Plateau project. The other three
properties (News, Naws, and Nels) cover the probable source areas for gold-rich stream sediment samples
from creeks flanking the Plateau project area.
The Salloon property, which lies northeast of Whitehorse in southern Yukon, was expanded from 52 to
267 claims in response to very favourable drill results obtained in fall 2016. The discovery hole tested
downdip of a strongly altered outcrop and cut several mineralized intervals from near the collar to the
bottom of the hole. T he best interval averaged 0.40% copper and 128.46 g/t silver over 30.23 m
(approximate true width). The new claims cover strong multi -element stream sediment anomalies from
creeks that drain the same prospective, metavolcanic stratigraphy.
The road acce ssible Magnum property was increased to 186 claims in order to acquire an area with
elevated gold geochemical response in a setting that resembles known deposits in the nearby White Gold
District.
The Meloy property, which is located in southwestern Yukon, covers a large, very intense, multi -element
soil geochemical anomaly, where cursory prospecting has yielded exceptional results (chip samples
averaging 4.47% copper and 296 g/t Ag over a width of 10 m). The new claims are mostly in low-lying
areas that are key to project development.
The Dabb and Queen properties are both situated in southern Yukon and cover under -explored
geochemical targets identified by research of old data sets. The Dabb anomaly lies in the Yukon -Tanana
Terrane and is prospective f or volcanic -hosted mineralization, while the Queen anomaly could be
indicative of a glacial till covered porphyry in the Stikinia Terrane.
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Technical information in this news release has been approved by Heather Burrell, P.Geo ., a senior
geologist with Archer, Cathro & Associates (1981) Limited and a qualified person for the purpose of
National Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator and the largest claim holder in Yukon . Strategic’s portfolio of more than
100 projects is the result of 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 similar to those at nearby deposits.
Strategic has a current cash position of over $ 16 million and significant shareholdings in a number of
active mineral exploration companies including 45.2% of Rockhaven Resources Ltd., 8.3% of ATAC
Resources Ltd., 31.1% of Precipitate Gold Corp. and 15.3% of Silver Range Resources Ltd.
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 ris k factors
beyond its control, and actual results may differ materially from the expected results.