Strategic Metals Ltd. Drills 6.74 G/T Gold and 186 G/T Silver over 7.25 Metres At Mt. Hinton, Yukon
January 13, 2021 at 01:33 pm
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Strategic Metals Ltd. announce the remaining results from the 2020 diamond drill program at its wholly-owned Mt. Hinton gold/silver project. Mt. Hinton is a road accessible project located in the Keno Hill District of the Tintina Gold Belt, in central Yukon. The property lies immediately southeast of
silver/lead mines on Alexco Resources' Keno Hill property, which have recently resumed production, and 35 km southeast of Victoria Gold's Eagle Mine, which was successfully commissioned in June, 2020. The 2020 program at Mt. Hinton included surface work and 6,978 m of HQ diameter, diamond drilling in a total of 32 holes, with 24 holes in the Granite North Zone, five holes in the Southwest Zone and three holes in the Northern Structural Corridor. The 2020 drill program tested parts of three zones within a 6 by 4.5 km area of known mineralization and gold-rich soil geochemistry. The targets in all three zones were vein complexes cutting a west dipping stratigraphic section comprising thick quartzite beds interlayered with lesser phyllite horizons and gabbro sills. These are the same units that host the mineralized veins on the adjacent Keno Hill property. The majority of the holes were drilled on a series of section lines across parts of the Granite North Zone where surface sampling returned numerous high-grade assays, including a
rock sample that graded 2,340 g/t gold with 597 g/t silver and a chip sample of 26.9 g/t gold and 49 g/t silver over 1.2 m. The section lines cross a number of sub-parallel, 5 to 25 m wide vein/breccia/alteration bands that were mapped in talus and scattered bedrock exposures within the up to 400 m wide zone. Collectively the section lines tested a 425 m strike length along the zone. All of the holes intersected abundant quartz veining of differing types. Many of the veins are limonite stained and contain vuggy cavities. Some veins host residual sulphide minerals, and native gold was observed in a few of them.
Strategic Metals Ltd. is a Canada-based project generator. The Company's main business activity is the acquisition, exploration and evaluation of mineral properties located in Canada. As a project generator, the Company has assembled over 100 wholly owned mineral properties in Yukon Territory, northern British Columbia and western Northwest Territories. It has over 12 royalty interests, 18 projects under option to others, and a portfolio of more than 80 wholly owned projects. Its portfolio covers a suite of metals, including gold, silver, lead, zinc, copper, tin, tungsten, vanadium and lithium, and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, carbonate replacement and others. Its deposits include Casino, Wolverine, Wellgreen, Division Mountain, Klaza, Tiger, Osiris, Golden Revenue, Blende, Carmacks Copper, Logtung, Marg, Ice and others. Its subsidiaries include Rockhaven Resources Ltd. (Rockhaven) and GGL Resources Corp. (GGL).