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Last C$0.06 CAD
Change Today +0.005 / 9.09%
Volume 23.5K
CJC On Other Exchanges
As of 10:37 AM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

canada strategic metals inc (CJC) Snapshot

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03/2/15 - C$0.11
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canada strategic metals inc (CJC) Details

Canada Strategic Metals Inc., an exploration stage company, engages in the exploration and development of mineral exploration assets in Canada. It holds interests in 16 graphite projects covering approximately 20,000 hectares located in Quebec. The company was formerly known as Canada Rare Earths Inc. and changed its name to Canada Strategic Metals Inc. in August 2012. Canada Strategic Metals Inc. was founded in 1984 and is headquartered in Montreal, Canada.

canada strategic metals inc (CJC) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: --
Chief Financial Officer and Secretary
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Compensation as of Fiscal Year 2015.

canada strategic metals inc (CJC) Key Developments

Canada Strategic Metals Inc. and Matamec Explorations Inc. Reports the First Results from the Recent Drilling Program on the Sakami Gold Project

Canada Strategic Metals Inc. and Matamec Explorations Inc. reported the first results from the recent drilling program on the Sakami gold project. These new results confirm the extension to the Northwest of the Zone 25 envelope of gold mineralization. The program consisted of seven holes for a total of 2,025 metres of drilling. The program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Once this program is complete, Zone 25 will have been tested over a strike length of more than 250 metres and to a depth of over 500 metres along its plunge. To date, the company has received the assay results for the two first holes, PT-15-84 and PT-15-85, drilled during the March 2015 program. These holes were planned to test the extension of the mineralized zone to the west and northwest, as well as down dip. Both holes returned wide gold-bearing intersections, including 1.29 g/t Au over 54.50 metres, including 3.03 g/t over 6.50 metres and 2.50 g/t Au over 7.50 metres from Hole PT-15-84, and 1.47 g/t over 45.50 metres, including 3.84 g/t Au over 7.50 metres and 1.74 g/t Au over 11.00 metres from Hole PT-15-85.

Lomiko Increases La Loutre Interest to 80% and Options 80% of Lac Des Iles West Located Adjacent to Imerys Carbon & Graphite Mine from Canada Strategic Metals, Inc

Lomiko Metals Inc. and Canada Strategic Metals Inc. confirmed Lomiko's acquisition of a 40% interest in the La Loutre Property and announced a new option agreement between the two companies following a successful drilling campaign on the La Loutre Property. Canada Strategic has recently sought to divest itself of graphite assets and an opportunity to acquire the Lac Des Illes Property arose for Lomiko. As such, Lomiko and Strategic Metals have agreed on the terms of an additional option pursuant to which Lomiko shall have the exclusive right and option to acquire an additional 40% undivided interest in the La Loutre Property and an 80% undivided interest in the Lac des Îles Property in exchange for a payment of $10,000, the issuance of 3 million common shares of Lomiko and the funding of $2.75 million in exploration expenditures over a 2 year period. As for the La Loutre Property, Lomiko had optioned the property from Canada Strategic in September 2014 to explore for high grade, crystalline flake graphite deposits that were near surface and for graphite flakes with high carbon purity. Lomiko is especially interested in 6 drill hole intercepts that met or exceeded the criteria jointly established by Canada Strategic and Lomiko. Further, these intercepts indicate the possibility of significant tonnage of high grade graphite near the surface.

Canada Strategic Metals, Inc. Acquires New Property Near the Discovery of Polymetallic Boulders by Visible Gold Mines

Canada Strategic Metals Inc. announced the acquisition, by map designation, of a new property for its gold-bearing potential. The new 2,114-hectare property is 100% owned by Canada Strategic Metals and is located about 5 kilo meters northwest of the '167 extension property', where Visible Gold Mines recently discovered several boulders containing gold, silver, copper and zinc mineralization. The property was acquired by map designation following a compilation of all the information available from the Ministry of Energy and Natural Resources and an assessment of the glacial train aimed at identifying the potential in-situ source of the boulders identified by Visible Gold Mines. The compilation also indicated that the property covers a strong SW-NE magnetic anomaly crossed by a NW-SE major structure. The junction of these two structures is located right in the middle of the newly-acquired property, named the 'NEW GOLD' project. The company plans to do further compilation work on the project and set a work program for the summer of 2015.


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