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Strategic Metals Reports High-Grade Copper, Cobalt and Gold Mineralization at Its Batt Property, Yukon

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Strategic Metals Ltd. (TSXV:SMD) is pleased to announce results from its wholly owned Batt property, which covers volcanogenic massive sulphide (VMS) and overprinting epigenetic vein and fracture …

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Strategic Metals Ltd. (TSXV:SMD) is pleased to announce results from its wholly owned Batt property, which covers volcanogenic massive sulphide (VMS) and overprinting epigenetic vein and fracture hosted, copper, cobalt, gold ± silver ± zinc mineralization. Highlights include:

  • 0.71% Cu, 0.21% Co and 1.18 g/t Au over 5.7 m from a hand trench through oxidized and deformed volcanic and intrusive rocks;
  • 2.18% Co and 2.37 g/t Au over 0.5 m from an outcropping shear zone;
  • 8.72% Cu, 0.24% Zn, 19.9 g/t Ag and 488 ppm Co over 1 m within strongly silicified basalt with localized semi-massive to massive sulphides;
  • 19.7% Cu and 41 g/t Ag from large, angular massive chalcopyrite boulder: and,
  • 1.46% Co and 1.43 g/t Au over 0.5 m from a quartz-carbonate vein.

The Batt property is located about 68 km south of the town of Haines Junction in southwestern Yukon and 20 km west of the Haines Road (Figure 1). The property lies within the Traditional Territory of Champagne and Aishihik First Nations, with whom Strategic has a signed Exploration Benefits Agreement.

VMS-style mineralization has been identified at several localities on the property, hosted within a thick package of basalt containing minor intermediate to felsic tuff and volcaniclastic rocks. Geological mapping and prospecting within the northeastern part of the property have identified mineral showings and large areas of chlorite, sericite and epidote altered basalt, thick jasper/magnetite exhalite horizons and massive magnetite lenses, all of which are indicative of VMS-style mineralization (Figure 2).

At the MS zone, a 2 m thick lens of massive to semi-massive pyrite and chalcopyrite returned 1.3% Cu and 175 ppm Co over 2 m. The lens is covered by talus along strike in both directions. About 350 m to the southwest of the sulphide lens, a zone of highly silicified basalt containing a 0.5 m massive sulphide layer and stringers of sulphide was chip sampled and returned 8.72% Cu, 0.24% Zn, 488 ppm Co and 19.9 g/t Ag over 1 m.

Approximately 3.8 km to the southeast of the MS zone, a quartz-sulphide breccia and stockwork zone cutting through strongly sericite and chlorite altered basalt returned 4.01 g/t Au, 0.51% Cu and 700 ppm Co over 2 m. This zone is interpreted as representing part of a plumbing system, such as those that are typically found beneath sulphide horizons within VMS deposits.

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Strategic Metals Reports High-Grade Copper, Cobalt and Gold Mineralization at Its Batt Property, Yukon VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Strategic Metals Ltd. (TSXV:SMD) is pleased to announce results from its wholly owned Batt property, which covers volcanogenic massive sulphide (VMS) and overprinting epigenetic vein and fracture …

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