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TICKERS: SMD

Project Generator Returns 2,340 Grams per Ton Gold in Yukon Rock Sample
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The property features an extensive system of high-grade, gold- and silver-rich quartz veins and breccias.

Strategic Metals Ltd. (SMD:TSX.V) announced in a news release some results from the first two phases of the 2019 exploration program at its Mount Hinton property in the Yukon's Keno Hill District.

In the first phase, Strategic Metals expanded soil sample coverage and commenced prospecting in recently identified soil anomalies in water from a placer creek. This was the first rock sampling done at the main anomaly targeted, which was 3.5 kilometers (3.5 km) long by up to 1.5 km wide.

Through rock sampling, the company identified a "linear train of vein quartz and brecciated vein extending 230 meters (230m) northeasterly," the release described. "That returned 2,340 grams per ton gold (2,340 g/t) and 597 g/t silver.

Also identified was a parallel train of vein quartz and breccia 150m to the east, from which float samples returned these grades: 6.11 g/t gold and 165 g/t silver; 1.64 g/t gold and 363 g/t silver; and 2.03 g/t gold and 306 g/t silver.

In phase two, the company conducted geological mapping, additional detailed prospecting, infill soil sampling and following up on rock samples obtained in phase one. Assays are pending.

Re-examination of the area from which the multiounce gold sample came revealed visible gold "within limonitic vein quartz float," according to the release. "Large blocks and finer talus of vein material mixed with oxidized brecciated vein quartz were also found."

On mapping and prospecting, Strategic Metals identified several other mineralized veins elsewhere within the Granite Creek drainage. The largest is up to 2m wide and intermittently exposed for 75m along strike on Granite Creek basin's western side.

The company plans to start phase three of its exploration program later this month.

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