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Last C$0.27 CAD
Change Today 0.00 / 0.00%
Volume 3.0K
SMD On Other Exchanges
As of 1:49 PM 11/26/15 All times are local (Market data is delayed by at least 15 minutes).

strategic metals ltd (SMD) Snapshot

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strategic metals ltd (SMD) Details

Strategic Metals Ltd. engages in the acquisition, exploration, and evaluation of mineral properties located in Canada. The company explores for gold, silver, lead, zinc, copper, tin, tungsten, and vanadium metals, as well as deposit types, such as porphyry, skarn, vein, orogenic gold, sedex, carbonate replacement, sediment hosted, etc. It holds rights to explore various mineral claims and tenures located in the Yukon Territory, Northwest Territories, and northern British Columbia. Strategic Metals Ltd. is headquartered in Vancouver, Canada.

strategic metals ltd (SMD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

strategic metals ltd (SMD) Key Developments

Strategic Metals Ltd. expected to report Q3 2015 results on November 26, 2015. This event was calculated by Capital IQ (Created on November 16, 2015).

Strategic Metals Ltd. expected to report Q3 2015 results on November 26, 2015. This event was calculated by Capital IQ (Created on November 16, 2015).

Strategic Metals Ltd. Announces New Discovery of High-Grade Gold Mineralization at its Hartless Joe Property

Strategic Metals Ltd. announced a new discovery of high-grade gold mineralization at its Hartless Joe property, located 28 km east-northeast of Whitehorse in southern Yukon Territory. The Hartless Joe property lies within Stikina, an accreted island arc terrane that extends through northern British Columbia into Yukon. Stikina hosts important epithermal vein and exhalite deposits such as the Primer Mine, Brucejack Deposit, and Eskay Creek Mine. The new discovery lies on the lower slopes of an alpine valley, within a 500 by 250 m area containing scattered mineralized talus and strong gold and copper soil geochemical anomalies. A continuous chip sample taken across the discovery outcrop graded 60 g/t gold, 554 g/t silver, 5.01% lead, and 0.35% copper over 1.2 m. The chip sample was taken from a quartz-rich band that is either an exhalite horizon or a flat-lying vein. The band is exposed at the base of a small cliff. Although the main rock types in the area are mafic to intermediate volcanic flows and volcanoclastic rocks, the immediate hanging wall of the mineralized band is pyritic siltstone. The bottom contact of the band is covered by talus. Boulders and small outcrops of pale green volcanic or volcaniclastic rock containing semi-massive pyrite and minor chalcopyrite were found approximately 15 m uphill from the gold-rich outcrop. A sample with semi-massive pyrite returned 0.33% copper but low values for gold and silver. No follow-up prospecting or soil sampling has been done in the vicinity of the new discovery. Other particularly noteworthy results from previous work in the area include: 73 and 28.9 g/t gold from quartz-rich rock samples taken 140 and 180 m northeast of the discovery outcrop, respectively; and, strongly anomalous soil geochemical values for gold (100 to 1440 ppb) and copper (200 to 985 ppm). This work has identified several areas with gold-rich mineralization and highly elevated soil geochemical results for gold and its various pathfinder elements. Gold occurrences and soil anomalies are spread over a 5.4 km2 area. A total of 108 rock samples have been collected from the property to date, with 28 of them grading better than 1 g/t gold and 10 assaying more than 10 g/t gold (including values of 73, 149 and 190.5 g/t). Soil results are also highly encouraging with 36 of 1,064 samples returning between 100 and 2230 ppb gold.

Strategic Metals Ltd. Announces Additional Results from Nine Hole, 3,227 m Diamond Drill Program

Strategic Metals Ltd. announced additional results from a nine hole, 3,227 m diamond drill program that was recently completed at its wholly-owned road-accessible Hopper Project, located in southwestern Yukon Territory. Results from the first two holes were announced on August 6, 2015 and included 12.15 g/t gold and 0.95% copper over 2.65 m. Highlights from the other seven holes include: //st 43.6 g/t gold over 1.00 m, 0.17% copper over 162.5 m and, 2.4 g/t gold and 1.03% copper over 4.48 m. Most of the historical holes were short and many of them were not analyzed for gold. Recent geochemical surveys outlined very strong copper, gold and molybdenum soil anomalies that cover a 3,600 by 2,500 m area. Hole 15-01 lies 342 m north-northwest of the closest historical hole and was collared stratigraphically below the main copper horizons to search for underlying, more gold-rich skarn horizons. This hole extended deeper than any of the historical holes and discovered a new well-mineralized skarn horizon (JP). This horizon graded 12.15 g/t gold and 0.95% copper over a true width of 2.65 m. The JP horizon projects to surface in an area covered by glacial overburden, about 280 m up dip of the drill intercept. The up dip projection of the JP horizon has not been explored. Hole 15-02 is located 435 m north-northeast of hole 15-01. It was a shorter hole that was designed to evaluate only the JG, AM and LV horizons and did not extend deep enough to reach the JP horizon. The best intercept in the hole is believed to be the JG horizon, which contains a 6.44 m thick band of skarn grading 1.00% copper and 1.01 g/t gold within a 15 m section of weak to moderate mineralization. Hole 15-02 also contained other, narrower mineralized skarn intervals, some of which may have been shortened by cross-cutting, post-mineralization dykes. Holes 15-03 and 15-04 are spaced 136 m apart on a section line located 172 m north of hole 15-02 on the southern flank of the Hopper pluton. Both holes cut a thick gold and copper enriched skarn horizon that is believed to be the extension of the JG horizon intersected in hole 15-02. The deeper part of hole 15-04 tested a small chargeability anomaly, and it encountered a long interval composed of altered wallrocks and closely-spaced dykes, which host fractures and veins containing strongly elevated molybdenum (173.67 m averaging 157.57 ppm). Hole 15-05 explored beneath a larger chargeability anomaly which straddles the northern contact of the Hopper pluton 1,750 m north of holes 15-03 and 15-04. This hole yielded an interval that averaged 0.17% copper over 162.85 m.


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