Canada Strategic Metals Hits 26.68 g/t Au Over 2 Metres in Channelling at Sakami
December 16, 2013 (Source: Marketwired) — Canada Strategic Metals Inc. (“Canada Strategic Metals” or the “Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to announce the results of their September-October 2013 exploration program. The program consisted of channel sampling of some previously stripped areas, as well as a soil geochemistry survey. The very positive results have confirmed the potential of the JR and De l’Ile areas for the discovery of new showings and resulted in the identification of new drill targets. The table below shows the results of channel sampling, as well as results of some of the chip samples taken from Showing 9.6.
Sakami grab sample results:
|Sample #||Au ppm
|588198||> 10.0||62.92||Showing 9.6|
*Grab samples are selective by nature and unlikely to represent the average grade of a deposit.
Sakami channel sampling results:
|Channel 1||Showing 9.6||588159||1.0||1.54||1.54/1m|
|Channel 6||Showing 9.6||588181||1.0||1.27||5.305/2m|
|Channel 6||Showing 9.6||588189||1.0||3.19||3.19/1m|
|Channel 2||Showing 43||588010||1.0||3.56||3.56/1m|
|Channel 3||Showing 43||588017||1.0||1.05||1.05/1m|
|Channel 3||Showing 43||588022||1.0||8.44||8.44/1m|
|Channel 13||Showing 43||588149||1.0||4.43||26.68/2m|
All the samples were sent for analysis in sealed containers to the Bourlamaque Ltee. laboratory in Val-d’Or by employees of the Company. The samples are weighed and identified prior to sample preparation. All samples are analysed by fire assay with AA finish on a 30g sample (0.01-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.
Mapping of the results of the geochemical survey and selection of the grades over 0.1 ppm Au in the soil indicate four main gold anomalies (see figure at the following link: www.csmetals.ca). Other anomalous elements were considered subsequently for values higher than three standard deviations above the mean.
The Company is also announcing that it has dropped its options on the Champagne and North Shore package properties based on further assessment and current market conditions.
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Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
About Matamec Explorations
Matamec Explorations Inc. is a mining exploration company whose focus is developing the Kipawa HREE deposit with TRECan, with the goal of supplying Toyota with HREEs for the production of hybrid and electric cars. The company is exploring 35km of strike length in the Kipawa Alkalic complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property. Matamec is also exploring for gold at its Matheson joint-venture property, which is located along strike and in close proximity to the Hoyle Pond mine in Timmins, Ontario. In Quebec, the company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. For more information, please visit www.matamec.com.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 60,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>