Strategic Metals' Partner Benjamin Hill Mining Intercepts 211.65 Metres Of 0.46 Grams/Tonne Gold In Maiden Drill Program At The Alotta Gold-Copper-Molybdenum Project, Yukon

VANCOUVER, BC / ACCESSWIRE / February 29, 2024 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") is pleased to announce that its partner Benjamin Hill Mining Corp. ("Benjamin Hill") successfully intersected extensive porphyry style mineralization in its inaugural diamond drill program at the Alotta gold-copper-molybdenum project in the west-central Yukon (Table 1). Benjamin Hill has the optional right to earn up to a 60% interest in the Alotta project by incurring aggregate exploration expenditures of $11 million by the end of 2027 and and making aggregate cash payments to Strategic of $500,000 by January 17, 2028.

Table 1

Hole Number	From (m)	To (m)	Interval (m)	Au (g/t)	Cu (%)
ALT-23-01	7.35	219.00	211.65	0.46	0.02
including	97.55	120.00	22.45	1.20	0.02
including	104.97	105.61	0.64	9.94	0.32
ALT-23-02	62.86	162.00	99.14	0.30	0.02

*Posted intervals are core lengths, the orientation of mineralization is not known at this time.

Holes ALT-23-01 and ALT-23-02 tested the south-central portion of an induced polarization, chargeability high with coincident copper and gold in soil anomalies. The drill program is expected to recommence in May 2024 and will focus on three areas of coincident copper, molybdenum and gold in soil geochemical anomalies that indicate potential centers of porphyry mineralization.