Canada Strategic Metals (TSX-V:CJC, StockForum), a Montreal-based exploration stage firm engaged in the exploration and development of mineral exploration assets in Canada, and JV partner Matamec Explorations announced results today from the recent drill program at Sakami gold project.
According to the news release, the new results confirm the 3D modeling generated by the other drill results from the nine-hole, 1,605 metre drill program in December.
The program was intended to confirm and extend the historical zone discovered by Matamec between 2000 and 2004 while acquiring better knowledge of the spatial geometry of the two main zones in the “La Pointe” area of the Sakami property.
Highlights from the assay results included wide gold intersections of 1.32 g/t Au over 13.45 metres at PT-12-69, 1.27 g/t Au over 20.25 metres including 2.22 g/t Au over 7.25 metres at PT-13-70, 2.97 g/t Au over 19.50 metres including 3.78 g/t Au over 14.10 metres, 3.95 g/t Au over 9.50 metres at PT-13-71 and 2.24 g/t Au over 17.90 metres including 3.65 g/t Au over 6.50 metres at PT-13-72.
Company president and CEO, Jean-Sebastien Lavallee, commented, “We are very pleased to yet again report positive drill results from the latest exploration program on the Sakami project.”
Then concluded, “These results confirm the presence of a major gold system, and attest to strong potential of the Sakami project.”
Canada Strategic Metals was in the news recently when the company confirmed the extension of Zone 25 in the middle of February.
Shares gained 6.25% on the news to $0.085 per share.
Currently there are 59.9m outstanding shares with a market cap of $5.1 million.