Canada Strategic Metals (CJC.V) Starts Summer Exploration Program at Sakami Gold Project
Canada Strategic Metals (CJC.V) Starts Summer Exploration Program at Sakami Gold Project
– Momentum Public Relations –
Press Release: June 28, 2016
Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (TSX VENTURE:CJC)(FRANFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to announce the beginning of the summer exploration program on Sakami Gold project.
Canada Strategic plans to conduct an important program of exploration between June 15th to August 15th, 2016. The program will includes magnetic-electromagnetic ground survey on La Pointe, JR West and Iles area, extensive prospection and stripping program on the Peninsula, JR and Iles area to test by sampling and tried to explain the anomalies identified by geochemistry and geophysics complete in 2014-2015 (see map below). Also, a ± 2000 meters drilling program is plan on the La Pointe area to extend the zone 25 to the North-west and to the south-east. (a map of localisation of plan drill hole is available at http://media3.marketwire.com/docs/strat_1_b.jpg).
The drilling program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, the South-east, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Also, a lithological exploration hole is plan in the south portion of La Pointe. A surface map showing drill holes locations is available at http://media3.marketwire.com/docs/strat_2.jpg.
“We are very excited by this important exploration program that will include new drilling on the Sakami project during the month of July” said Jean-Sebastien Lavallée, President and Chief Executive Officer of Canada Strategic Metals. “The latest intersection of more than 45 meters containing significant gold grade was very encouraging and drilling in the extension of these zone can reveal significant results, including high grade as we can observe in Hole PT-15-87.”
Table of mineralized intersections from 2013-2015 drill holes
Hole # | From (m) | To (m) | Length* (m) | Au (g/t) |
PT-13-65 | 112.50 | 138.00 | 25.50 | 3.03 |
Including | 126.00 | 138.00 | 12.00 | 4.00 |
PT-13-67 | 126.90 | 154.85 | 27.95 | 3.78 |
Including | 132.25 | 154.85 | 22.60 | 4.01 |
Including | 138.00 | 145.00 | 7.00 | 7.21 |
PT-13-68 | 200.50 | 221.00 | 20.50 | 2.77 |
Including | 201.65 | 215.00 | 13.35 | 3.23 |
Including | 201.65 | 205.00 | 3.35 | 4.71 |
278.25 | 281.10 | 2.85 | 2.82 | |
294.00 | 297.00 | 3.00 | 1.70 | |
PT-13-71 | 49.10 | 51.65 | 2.55 | 2.06 |
102.00 | 121.50 | 19.50 | 2.97 | |
Including | 107.40 | 121.50 | 14.10 | 3.78 |
Including | 112.00 | 121.50 | 9.50 | 3.95 |
PT-13-72 | 112.50 | 130.40 | 17.90 | 2.24 |
Including | 112.50 | 119.00 | 6.50 | 3.65 |
PT-14-74 | 237.65 | 264.00 | 26.35 | 2.30 |
Including | 243.70 | 252.50 | 8.80 | 3.80 |
Including | 247.70 | 252.50 | 4.80 | 5.18 |
PT-14-79 | 188.00 | 236.20 | 48.20 | 2.51 |
Including | 188.00 | 200.00 | 12.00 | 6.93 |
Including | 190.00 | 196.00 | 6.00 | 11.35 |
Including | 202.50 | 207.00 | 4.50 | 1.33 |
Including | 226.50 | 234.00 | 7.50 | 3.06 |
PT-14-82 | 231.45 | 271,70 | 40.25 | 1.43 |
Including | 231.45 | 235.50 | 4.05 | 5.12 |
Including | 231.45 | 240.00 | 8.55 | 3.58 |
Including | 256.85 | 259.00 | 2.15 | 3.83 |
Including | 267.50 | 271.70 | 4.20 | 2.38 |
PT-14-83 | 240.00 | 295.50 | 55.50 | 1.06 |
Including | 240.00 | 252.00 | 12.00 | 3.54 |
PT-15-85 | 148.50 | 194.00 | 45.50 | 1.47 |
Including | 148.50 | 156.00 | 7.50 | 3.84 |
Including | 183.00 | 194.00 | 11.00 | 1.74 |
PT-15-87 | 219.40 | 229.00 | 9.60 | 6.86 |
Including | 220.50 | 227.00 | 6.50 | 9.9 |
* Core length; the Company estimates the true width of the mineralized zone at 70 to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the core length.
The 2016 summer program is managed by Consul-Teck Exploration of Val-d’Or, Quebec who designed the drilling campaign, with the help of Guy Desharnais of SGS company.
Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream.
The samples were delivered, in secure tagged bags, directly to the analytical facility for analysis; in this case ALS Minerals laboratory facility in Val-d’Or (Quebec). The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.
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.
Grant of options
The Company also announces that it has granted to Relations Publiques Paradox 450,000 stock options. The options will be exercisable for a period of two years, at a price of $0.10 per share. The Company will also extend the expiry date of 850,000 stock options issued in July 2014 for a period of two years.
These options will vest over a 12-month period at a rate of 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per quarter. The options are granted in accordance with the Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the Company’s Stock Option Plan.
The above-mentioned are subject to the approval of the TSX Venture Exchange.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 22,584 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.
- Published in Canadian Strategic CJC, Mining, News Home, Uncategorized
Canada Strategic Metals (CJC.V) Monetizes Graphite Asset
Canada Strategic Metals (CJC.V) Monetizes Graphite Asset
– Momentum Public Relations –
Press Release: May 16, 2016
Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. (TSX VENTURE:LMR)(OTCQX:LMRMF)(FRANKFURT:DH8B) are pleased to announce the signature of an additional option Agreement on the La Loutre and Lac des Iles Property allowing Lomiko to acquire up to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in the project.
“The Properties are located close to the Imerys Carbon and Graphite Mine and benefits from similar infrastructure advantages and similar flake graphite grade, deposit size and near surface mineralization amenable to low cost, small footprint extraction. All of these elements make this an excellent candidate for a positive Pre-Economic Assessment.”, stated A. Paul Gill, CEO, Lomiko Metals Inc., “Additional resource definition in the Refractory Zone will bolster the PEA.”
Subject to Lomiko having exercised the Additional Option signed on February 6, 2015, Canada Strategic will also grants to Lomiko the exclusive right and option (the “Third Option“) to increase its undivided interest in and to the La Loutre Property and the Lac des Îles Property from 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} by paying to Canada Strategic an additional amount of $10,000, by issuing to Canada Strategic an additional 7,500,000 common shares of Lomiko and by funding Exploration Expenditures for an additional amount of $1,125,000 on Canada Strategic properties for a period commencing on the deemed exercise of the Additional Option and ending on December 31, 2018. Previous to this option, Lomiko owned 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the La Loutre and Lac des Iles Properties and had an option to increase ownership to 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} based on completing work and issuing shares
The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28.67 km2situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine, North America’s only operating graphite mine, and 117 km northwest of the International Port of Montreal, key to shipping to North America and Europe. The Lac des Iles Property is directly west of the Imerys Grpahite Mine. Lomiko is currently completing the 2nd option to acquire 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the La Loutre and Lac des Iles properties which requires $580,000 work expenditure between La Loutre property and others Canada Strategic properties.
The La Loutre Resource is constrained within a drilled area of approximately 900 m along the N150° striking trend of the graphitic paragneiss, 250 m across the strike and 225 m below surface. Geological interpretation and estimation were based on 62 NQ drill holes (totaling 8193.3 m) drilled by Lomiko and Canada Strategic Metals in 2014 and 2015.
On February 9th, 2016, Lomiko Metals and Canada Strategic announced resource for the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Indicated and 16.7 M Tonnes at 3.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Flake Graphite Inferred with a cut-off of 1.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The sensitivity table also features 4.1 M Tonnes of 6.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Indicated and 6.2 M Tonnes at 6.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Flake Graphite Inferred with a cut-off of 3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The Resource is calculated on the Graphene-Battery Zone only and does not include recent high grade intercepts of 28.5 metres of 16.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and 21.5 metres of 11.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg reported January 6, 2016 and 9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over 90.75 metres reported September 24th 2015 from the Refractory Zone.
Qualified persons
Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, President and Chief Executive Officer of the Canada Strategic and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 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.
- Published in Canadian Strategic CJC, Mining, News Home
Canada Strategic Metals (CJC.V): Regional Setting of the Sakami Gold Property
Canada Strategic Metals (CJC.V): Regional Setting of the Sakami Gold Property
– Momentum Public Relations –
Press Release: April 25, 2016
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 that the La Pointe Zone of the Sakami property shows evidence of significant gold potential. The property covers a major geological contact between two sub-provinces that are very favorable for hosting gold deposits. This geological setting comprises the Opinaca sediments, the La Grande mafic volcanics, and iron formations in association with a strong deformation zone, notably near the tectonic contact of the La Grande-Opinaca sub-provinces. The mineralization style and tectonic setting share considerable similarities with the Eleonore mine held by Goldcorp and the Cheechoo showing held by Sirios Resources, such as :
- The mineralization associated with silicified paragneiss containing fine quartz veinlets.
- An alteration of quartz and brown tourmaline with minor arsenopyrite mineralization.
- An association of gold mineralization with a very proximal tonalite intrusion.
- The presence of gold mineralization associated with silicified paragneiss of the Opinaca basin, including fold structures.
The reader is cautioned that there is no guarantee that mineralization of the grade reported on the Cheechoo deposit will be identified on the Company’s Sakami project.
Recently, Sirios Resources announced significant gold results on the Cheechoo project with an intersection of 12.08 g/t Au over 20.3 meters (see press release of March 29, 2016 by Sirios Resources), as well as the closing of a private placement with Goldcorp in the amount of $ 962,000 (see press release of February 23, 2016).
Significant gold potential in the La Pointe Zone (Sakami Property)
The most significant drill hole intervals of the La Pointe zone are located along the northwest limit of the model, which remains open in that direction. Recent remodeling of the La Pointe zone revealed two superimposed main structures (vein 22 and 25), which have a relatively predictable continuity, as well as potential for additional veins (see figure 3 attached: Vertical Section).
The following table shows the best results of drilling to date on the La Pointe sector (these results have been already disclosed by press release on June 9, 2015):
Hole # | From (m) | To (m) | Length* (m) | Au (g/t) |
PT-13-65 | 112.50 | 138.00 | 25.50 | 3.03 |
Including | 126.00 | 138.00 | 12.00 | 4.00 |
PT-13-67 | 126.90 | 154.85 | 27.95 | 3.78 |
Including | 132.25 | 154.85 | 22.60 | 4.01 |
Including | 138.00 | 145.00 | 7.00 | 7.21 |
PT-13-68 | 200.50 | 221.00 | 20.50 | 2.77 |
Including | 201.65 | 215.00 | 13.35 | 3.23 |
Including | 201.65 | 205.00 | 3.35 | 4.71 |
278.25 | 281.10 | 2.85 | 2.82 | |
294.00 | 297.00 | 3.00 | 1.70 | |
PT-13-71 | 49.10 | 51.65 | 2.55 | 2.06 |
102.00 | 121.50 | 19.50 | 2.97 | |
Including | 107.40 | 121.50 | 14.10 | 3.78 |
Including | 112.00 | 121.50 | 9.50 | 3.95 |
PT-13-72 | 112.50 | 130.40 | 17.90 | 2.24 |
Including | 112.50 | 119.00 | 6.50 | 3.65 |
PT-14-74 | 237.65 | 264.00 | 26.35 | 2.30 |
Including | 243.70 | 252.50 | 8.80 | 3.80 |
Including | 247.70 | 252.50 | 4.80 | 5.18 |
PT-14-79 | 188.00 | 236.20 | 48.20 | 2.51 |
Including | 188.00 | 200.00 | 12.00 | 6.93 |
Including | 190.00 | 196.00 | 6.00 | 11.35 |
Including | 202.50 | 207.00 | 4.50 | 1.33 |
Including | 226.50 | 234.00 | 7.50 | 3.06 |
PT-14-82 | 231.45 | 271,70 | 40.25 | 1.43 |
Including | 231.45 | 235.50 | 4.05 | 5.12 |
Including | 231.45 | 240.00 | 8.55 | 3.58 |
Including | 256.85 | 259.00 | 2.15 | 3.83 |
Including | 267.50 | 271.70 | 4.20 | 2.38 |
PT-14-83 | 240.00 | 295.50 | 55.50 | 1.06 |
Including | 240.00 | 252.00 | 12.00 | 3.54 |
PT-15-85 | 148.50 | 194.00 | 45.50 | 1.47 |
Including | 148.50 | 156.00 | 7.50 | 3.84 |
Including | 183.00 | 194.00 | 11.00 | 1.74 |
PT-15-87 | 219.40 | 229.00 | 9.60 | 6.86 |
Including | 220.50 | 227.00 | 6.50 | 9.9 |
* Core length; the Company estimates the true width of the mineralized zone at 70 to 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the core length.
This area is recognized to date (see figure 3 attached: Vertical Section):
- the zone is continuous along a lateral distance of at least 250 m;
- the zone extends beyond 500 m depth down the dip of the structures;
- the mineralization remains open to the northwest, as well as at depth, with the best intersects along the northern edge (see figure 2 attached: Plan view).
These mineralized horizons are sub-parallel to the major tectonic contact, which spans more than 15 km on the Sakami property (See figure 1 attached: Sakami Property Geology).
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder, 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 Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 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.
Sakami Property Geology (Figure #1) : http://media3.marketwire.com/docs/1051852_1.pdf
La Pointe Zone – Plan View of Vein 25 (Figure #2): http://media3.marketwire.com/docs/1051852_2.pdf
La Pointe Zone -Vertical Section (Figure #3): http://media3.marketwire.com/docs/1051852_3.pdf
Regional Geological Map (Figure #4): http://media3.marketwire.com/docs/1051852_4.pdf
- Published in Canadian Strategic CJC, Mining, News Home
Canada Strategic Metals (CJC.V) and Lomiko to Drill High Grade Flake Graphite Zone Which has Intercepts of 90.75 m of 9 Cg and 33.3 m of 14.62 Cg
Canada Strategic Metals (CJC.V) and Lomiko to Drill High Grade Flake Graphite Zone Which has Intercepts of 90.75 m of 9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and 33.3 m of 14.62{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg
– Momentum Public Relations –
Press Release: April 11, 2016
Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. (TSX VENTURE:LMR)(OTCQX:LMRMF)(FRANKFURT:DH8B) announced March 24, 2016 the filing of a technical report prepared in compliance with NI 43-101 was filed for the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Indicated and 16.7 M Tonnes at 3.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Flake Graphite Inferred with a cut-off of 1.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}.
The Resource did not include high grade intercepts of 28.5 Metres of 16.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and 21.5 Metres of 11.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg reported January 6, 2016 and 9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over 90.75 metres reported September 24th 2015 from the Refractory Zone.
“The Graphene-Battery Zone has delivered excellent results but the La Loutre has much more to offer at the Refractory Zone,” stated A. Paul Gill, CEO of Lomiko, “We need to drill the Refractory Zone to a resource level to confirm the full potential of the property. Further, Lomiko will complete metallurgy and graphite characterization studies in relation to a preliminary assessment of the best market for the graphite from the property.”
Top Ten Drill Results at the La Loutre Flake Graphite Property
* | Length along the core. According to the Society, the true width of the drillhole represents between 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} along the core. |
** | The Company doesn’t have enough information to estimates the true width of the mineralized zone intersected in the drill holes. |
(1) | no sample 40.80-41.15; |
Qualified persons
Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, President and Chief Executive Officer of the Canada Strategic and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 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.
- Published in Canadian Strategic CJC, Mining, News Home
Canada Strategic Metals (CJC.V) Announces Closing of $205,000 Private Placement
Canada Strategic Metals (CJC.V) Announces Closing of $205,000 Private Placement
– Momentum Public Relations –
Press Release: April 5, 2016
Canada Strategic Metals Inc. (“CS Metals” or “the Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) is pleased to announce that it has closed a non-brokered private placement, for an amount of $205,000.
The Company has issued 4,100,000 common shares at a price of $0.05 per share, for gross proceeds of $205,000.
All the securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.
The proceeds of this private placement will be used for working capital and for property development.
The private placement is subject to regulatory approval.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 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.
- Published in Canadian Strategic CJC, Mining, News Home
Canada Strategic Metals (CJC.V) and Lomiko (LMR.V) File NI43-101 Report for La Loutre Property
Canada Strategic Metals (CJC.V) and Lomiko (LMR.V) File NI43-101 Report for La Loutre Property
– Momentum Public Relations –
Press Release: March 24, 2016
Canada Strategic Metals Inc. (“Canada Strategic Metals” or “the Company”) (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. (TSX VENTURE:LMR)(OTCQX:LMRMF)(FRANKFURT:DH8B) announces that, further to their news release of February 9, 2016, they have filed their National Instrument 43-101 technical report titled “Technical Report and Mineral Resource Estimate for the La Loutre Property” dated March 24, 2016, on Sedar (www.sedar.com).
The Resource for the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Indicated and 16.7 M Tonnes at 3.75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Flake Graphite Inferred with a cut-off of 1.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The sensitivity table also features 4.1 M Tonnes of 6.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Indicated and 6.2 M Tonnes at 6.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Flake Graphite Inferred with a cut-off of 3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The Resource is estimated on the Graphene-Battery Zone only and does not include recent high grade intercepts of 28.5 metres of 16.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and 21.5 metres of 11.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg reported January 6, 2016 and 9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over 90.75 metres reported September 24th, 2015 from the Refractory Zone.
The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28.67 km2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine, North America’s only operating graphite mine, and 117 km northwest of the International Port of Montreal, key to shipping to North America and Europe. Lomiko is currently completing an option to acquire 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the property which requires $665,000 more in work and issuing of 1.5 Million shares to be issue February 15th, 2016.
The La Loutre Resource is constrained within a drilled area of approximately 900 m along the N150° striking trend of the graphitic paragneiss, 250 m across the strike and 300 m below surface. Geological interpretation and mineral resource estimation were based on 62 NQ-size drill holes (totaling 8,193.3 m) drilled by Lomiko and Canada Strategic Metals in 2014 and 2015.
InnovExplo performed the geological interpretation of lithological domains and mineralized zones using vertical sections spaced 50 metres apart. The mineralized zones strike with an average trend of N150° and an average dip of 45°. A minimum width of 4.0 meters (true width) was respected for the interpretation. InnovExplo constructed wireframes of lithological domains and mineralized zones showing a sufficient continuity. The 2016 Mineral resource Estimate includes 18 graphite-bearing zones with high graphitic carbon grades (assays > 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg), 4 graphite-bearing zones with low graphitic carbon grades (assays < 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg), 5 graphite-bearing quartzite domains (assays < 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg), and a remaining external envelope hosting isolated low graphitic carbon grades.
The mineral resource was estimated using 3-D block modeling (block size = 5 m x 5 m x 5 m). The grades of the blocks were estimated using the inverse distance squared (ID2) interpolation method for a 1000-metre strike length corridor and up to a vertical depth of 300 metres below surface.
The resources are constrained in a Pit shell of 1,100 m by 350 m and a maximal depth of 200 m.
2016 Pit constrained Mineral Resource Estimate (Indicated and Inferred resources) at different cut-off grades – La Loutre Property. The official resource is reported at a cut-off grade of 1.5 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg.
Indicated Resource | ||||
Zone | Cut-off Cg ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) |
Tonnage (metric tonne) |
Grade Cg ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) |
Graphite (metric tonne) |
All Zones | ˃ 3.0 | 4,137,300 | 6.50 | 268,800 |
˃ 2.5 | 6,927,500 | 4.95 | 342,900 | |
˃ 2.0 | 15,181,200 | 3.49 | 529,200 | |
˃ 1.5 | 18,438,700 | 3.19 | 588,400 | |
˃ 1.0 | 19,005,400 | 3.13 | 595,700 | |
˃ 0.8 | 19,137,500 | 3.12 | 596,900 | |
˃ 0.6 | 19,279,600 | 3.09 | 595,300 | |
˃ 0.5 | 19,381,900 | 3.09 | 598,400 | |
Inferred Resource | ||||
Zone | Cut-off Cg ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) |
Tonnage (metric tonne) |
Grade Cg ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) |
Graphite (metric tonne) |
All Zones | ˃ 3.0 | 6,181,000 | 6.11 | 377,600 |
˃ 2.5 | 9,699,200 | 4.86 | 471,800 | |
˃ 2.0 | 15,332,000 | 3.92 | 600,300 | |
˃ 1.5 | 16,675,100 | 3.75 | 624,900 | |
˃ 1.0 | 16,927,300 | 3.71 | 628,000 | |
˃ 0.8 | 17,120,500 | 3.68 | 629,700 | |
˃ 0.6 | 17,306,700 | 3.63 | 628,100 | |
˃ 0.5 | 17,400,900 | 3.63 | 631,600 |
- The Independent and Qualified Persons (QPs) for the Mineral Resource Estimate, as defined by NI 43 101, are Bruno Turcotte, M.Sc., P.Geo., and Guilhem Servelle, M.Sc., P.Geo, both of InnovExplo. The estimate was prepared under the supervision of Vincent Jourdain, PhD, Eng., Technical Director of InnovExplo Inc.
- The effective date of the estimate is January 15, 2016.
- Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
- Pit constrained results are presented undiluted within a Whittle-optimized pit shell, designed with a 30-m buffer around lakes.
- The estimate includes 18 graphite-bearing zones with high graphitic carbon grades (assays > 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg), 4 graphite-bearing zones with low graphitic carbon grades (assays < 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg), 5 graphite-bearing quartzite domains (assays < 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg), and a remaining external envelope hosting isolated low graphitic carbon grades.
- Pit-constrained resources were compiled at cut-off grades of 0.5, 0.6, 0.8, 1.0, 1.5, 2.0, 2.5 and 3.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg. The official pit-constrained resource is reported at a cut-off grade of 1.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg (grey highlighting).
- Cut-off grades must be re-evaluated in light of prevailing market conditions (graphite price, exchange rate and mining cost, etc.).
- Density (g/cm3) data used is on a per zone basis varying from 2.70 to 2.85 g/cm3.
- A minimum true thickness of 4.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.
- Based on a study of the effect of high-grade values (basic statistical analysis), no raw assays were capped for the mineralized zone, the lithological domains or the external envelope considered in the 2016 Mineral Resource Estimate. Compositing was done on drill hole sections falling within any of the interpreted mineralized zones, lithological domains or external envelope (composite = 1.5 m).
- Resources were estimated using GEOVIA GEMS 6.7 software from surface drill holes, using inverse distance squared (ID2) interpolation method in a block model (block size = 5 m x 5 m x 5 m).
- By default, interpolated blocks were assigned to the Inferred category. The reclassification to an Indicated category was done in areas with sufficient density of visually observed information and supported by a maximum distance to drill hole composite of 30 m.
- Calculations used metric units (metres, tonnes and {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}).
- The number of metric tonnes was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43-101.
- InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate.
- Whittle parameters (all amounts in Canadian dollars): Mining cost=$3.75; Processing cost=$9.40/t; G&A=$2.11/t; graphite price=$1,910/t; mining recovery=90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; milling recovery=95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; dilution=10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; wall slopes=45° (rock) and 18° (overburden).
QUALIFIED PERSONS
Jean-Sébastien Lavallée (OGQ #773), P. Geo, shareholder of both companies, President & CEO of Canada Strategic Metals and is Qualified Person as defined by National Instrument 43-101. Mr. Lavallée drafted, reviewed and approved the technical and scientific content of this press release, except for the content relating to the resource estimate.
The resource estimate and this press release has been reviewed and approved by Bruno Turcotte, P. Geo, Guilhem Servelle, P. Geo., and Vincent Jourdain, Eng., who are qualified persons within the meaning of the National Instrument 43-101 guidelines.
The resource estimate was prepared under the supervision of Vincent Jourdain, an InnovExplo consulting engineer. Mr. Jourdain, an independent qualified person within the meaning of National Instrument 43-101, has reviewed and approved the technical content of this press release as it relates to the resource estimate.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 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.
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