Matamec Announces Encouraging New Results From the Summer 2016 Drilling Program at Sakami Gold Property
An Intersection of 4.94 g/t Au over 21.05 metres
MONTREAL, QUEBEC--(Marketwired - Sept. 6, 2016) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals ("CSM") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce results for the second hole, PT-16-92, drilled during its Summer 2016 exploration program on the Sakami property. This hole, drilled on the Northwest extension of Zone 25 (main zone), returned an intersection of 4.94 g/t Au over 21.05 metres within a wide gold-bearing intersection of 2.52 g/t Au over 48.55 (see table below).
Once again, the drill results for the Northwest extension confirmed the extension of Zone 25 and tend to indicate higher gold grades in this direction (see Matamec and CSM's press releases of August 25, 2016). The exploration program consists of a total of nine holes for a total of 2,058 metres of drilling.
Table of mineralized intersections from 2016 drilling
Hole # | From (m) | To (m) | Length * (m) | Au (g/t) |
PT-16-91** | 165.20 | 208.50 | 43.30 | 2.21 |
Including | 176.00 | 187.50 | 11.50 | 3.46 |
PT-16-92 | 203.60 | 252.15 | 48.55 | 2.52 |
Including | 206.95 | 228.00 | 21.05 | 4.94 |
Including | 206.95 | 225.00 | 18.05 | 5.38 |
* The Company estimates the true width of the mineralized zone at 70 to 95% of the core length.