Canadian Metals Intersects 37 Metres at 98.47%SiO2 200m NE of Existing Mineral Resources
September 11, 2017 (Source) – Canadian Metals Inc. (The “Company”) (CSE:CME)(CSE:CME.CN)(CNSX:CME) is pleased to announce the results of its diamond drilling program at Langis. A total of 533m has been drilled in 16 holes.
- Hole PL-17-08 intersected 12 metres at 98.93% SiO2 from 3 to 15m
- Hole PL-17-09 intersected 21 metres at 98.74% SiO2 from 3 to 24m
- Hole PL-17-10 intersected 26 metres at 98.76% SiO2 from 7 to 33m
- Hole PL-17-13 intersected 27metres at 98.62% SiO2 from 7 to 34m
- Hole PL-17-17 intersected 37metres at 98.47% SiO2 from 7 to 44m
- Extension of 225m NE of the existing mineral resource
The campaign shows the continuity of the high-SiO2 sandstone in the existing mineral resource area. (Details in attached table and map)
The company has achieved the extension of mineralized sandstone 40m to the north where PL-17-04 intersected 15 meters at 98.31% SiO2. The three holes drilled in the northern part show poorly graded sandstone in the bottom, indicating the northern limit of the high-grade sandstone.
The Fault systems can be observed and followed on several holes in the northeast, and thus can be modeled. All the holes have intersected high silica sandstone, with SiO2 intervals above 97.5% in each hole. It is important to mention that the drilling contractor has systematically drilled a 3 meters casing at each collar, the recovered core show high-quality sandstone but are not assayed, overburden is very thin to nil in many holes.
The following table present the mineral intersections for each hole with hole inclination.
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Disclosed length are core length, true thickness for vertical holes it about 95% while the true thickness for inclined holes represent 65 to 75% of intersection. The values disclosed are normalized results as total oxides from SGS Lakefield laboratory were above 100%. (i.e. Original %SiO2values are higher)
|Hole 14||scheduled but not drilled|
The map present the location of the new holes and the previous holes.
“The Northeastern sector has delivered good results and present mineralization at surface. The intervals intersected shows that the Langis silica deposit delivers significant and constant results which gives us comfort we need to move this project forward to the next step” said Hubert Vallée, President & CEO of Canadian Metals Inc.
Quality Control / Quality Assurance (QA/QC) – Preparation
The samples were analyzed by at the independent laboratory at SGS Lakefield in Ontario. The half core sample are dried, crushed to have 75% passing 2mm and afterward riffle split to have 250grams which is pulverized to have a pulp 85% passing 75 microns. Afterward an XRF borate fusion with 12 element analysis was done. The independent standards are in line with expected results as well as laboratory QA/QC and allow public disclosure of the results.
Claude Duplessis, Eng. of Goldminds Geoservices, a Qualified Person as defined by National Instrument 43-101, is responsible for the Langis Silica exploration program and has approved the technical information contained in this news release.
About Canadian Metals
Canadian Metals is focused on the development of its Langis project, a high-purity silica deposit located in the province of Quebec. The Company is rapidly positioning itself as a supplier of high purity silica and silicon alloy in North America. Silicon based materials can be formulated to provide a broad range of products from more durable, faster building materials with smarter electronic devices, solar panels and more efficient wind turbines. We expect to become a global supplier for a number of industries and applications but without limitation: glass, ceramics, lighting, oil and gas, paint, plastic and rubber. We also want to become an integrated supplier to metallurgical industries including foundries, and participate in a wide range of civil, industrial, environmental and related applications. These target markets are an integral part of the lives of millions of people every day.
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute « forward-looking statements ». All statements included in this press release that address future events, conditions or results, including in connection with the pre-feasibility study, its financing, the hybrid flex project, job creation, the investments to complete the project and the potential performance, production and environmental footprint of the silicon plant, are forward-looking statements. These forward-looking statements can be identified by the use of words such as « may », « must », « plan », « believe », « expect », « estimate », « think », « continue », « should », « will », « could », « intend », « anticipate » or « future » or the negative forms thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses made by management in light of their experiences and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. These statements are subject to risks, uncertainties and assumptions, including those mentioned in the Corporation’s continuous disclosure documents, which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and uncertainties are outside the control of the Corporation and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In making such forward-looking statements, management has relied upon a number of material factors and assumptions, on the basis of currently available information, for which there is no insurance that such information will prove accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. The Corporation is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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