Strategic Metals Ltd to Drill the Mint Porphyry Copper Project, Southwest Yukon - Seite 2

The 2023 drill holes will test beneath the mineralization exposed at the Upper Canyon Zone and extend deeper into what is believed to be the core of the system. Given the young age of the porphyry mineralization and the shallow level of erosion, which is indicated by the presence of basaltic volcanic flows that are nearly coeval with the mineralizing intrusions, most of the porphyry system is expected to be blind to surface.

Foto: Accesswire

Foto: Accesswire

Foto: Accesswire

Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

About Strategic Metals Ltd.

Strategic is a project generator with 12 royalty interests, 18 projects under option to others, and a portfolio of more than 80 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of approximately $3 million and large shareholdings in several active mineral exploration companies including 32.8% of Broden Mining Ltd., 34.5% of GGL Resources Corp., 29.6% of Rockhaven Resources Ltd., 19.6% of Honey Badger Silver Inc., 17.2% of Silver Range Resources Ltd, and 15.7% of Precipitate Gold Corp. All these companies are well funded and are engaged in promising exploration projects. Strategic also owns 15 million shares and 5 million warrants of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed another large financing to advance its environmentally friendly, cost-effective alternative to Portland cement.

ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:

Corporate Information Strategic Metals Ltd. W. Douglas Eaton President and C.E.O. Tel: [phone]

Investor Inquiries Richard Drechsler V.P. Communications Tel: [phone] NA Toll-Free: [phone] [e-mail] http://www.strategicmetalsltd.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Strategic Metals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/761088/Strategic-Metals-Ltd-to-Drill-the-Mi ...


The Strategic Metals Stock at the time of publication of the news with a fall of -0,85 % to 0,176EUR on Lang & Schwarz stock exchange (14. Juni 2023, 14:31 Uhr).