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Last €0.02 EUR
Change Today -0.003 / -16.67%
Volume 0.0
As of 1:26 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

canada strategic metals inc (YXEN) Snapshot

Open
€0.02
Previous Close
€0.02
Day High
€0.02
Day Low
€0.02
52 Week High
02/12/15 - €0.07
52 Week Low
07/29/15 - €0.01
Market Cap
1.1M
Average Volume 10 Days
16.6
EPS TTM
--
Shares Outstanding
70.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CANADA STRATEGIC METALS INC (YXEN)

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canada strategic metals inc (YXEN) 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 (YXEN) Top Compensated Officers

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

canada strategic metals inc (YXEN) Key Developments

Canada Strategic Metals Inc. Announces Executive Changes; Reports Preliminary Results of Helicopter-Borne Magnetic and Time-Domain Electromagnetic Survey

Canada Strategic Metals Inc. announced that the change of role in its management team. It has been jointly agreed that Mr. Romary will no longer serve as President and will be replaced by Mr. Jean-Sébastien Lavallée. Mr. Romary will remain close to the company in the capacity of financial consultant. The company reported preliminary results of the helicopter-borne magnetic and time-domain electromagnetic (TDEM) survey performed by Prospectair Geosurveys over the New Gold Property during the month of June 2015. The survey was successful in detecting series of EM conductors dispersed in the vicinity of the northern edge of a wide magnetic anomaly. The EM anomalies are not very strong and are of limited extents, which is very similar to the EM response associated to the series of gold bearing showings found in the surroundings of the past producing Eastmain Mine, as can be seen on the VTEM results collected in 2005 in the area (Sigeom reference GM62979). The high-resolution magnetic results are also very interesting. A wide, long wavelength, magnetic anomaly trending ENE-WSW is found in the middle of the Property, extending much further outside of it as can be seen on public regional magnetic data, and is interpreted to be caused by mafic/ultramafic rocks at some depth, with possible sub-outcropping expression locally. In addition, a very strong magnetic dyke striking NNW-SSE is interpreted to cross the Property in the middle. Since the magnetic signal changes abruptly, both in amplitude and wavelength, on each sides of the interpreted dyke, this dyke was likely emplaced within a regional fault structure. It is worth noting that this strong regional magnetic dyke extends for at least 50km and crosses Eastmain Resources' Ruby Hill Property some 15km further to the northwest of the New Gold Property. Several gold mineralized showings are found in the Ruby Hill Property, within a few kilometers of this same structure. These showings are also found at the northern edge of a wide ENE-WSW trending magnetic anomaly associated to mafic/ultramafic intrusive and volcanic rocks. The very similar signature found in the New Gold area increases its potential for gold exploration. Ultramafic rocks are also found in close proximity to gold mineralization at the Eastmain Mine, and have been thought to play a role in the Eastmain deposit genesis (Couture, 1993). Overall, the EM anomalies and the interpreted geological context of the New Gold Property are considered highly prospective, and follow-up work is planned for later in the summer as a result.

Canada Strategic Metals Announces Beginning of 304 Kilometres Airborne Survey on New Gold Project, James-Bay Near Visible Gold Boulders Discovery

Canada Strategic Metals, Inc. reported the beginning of an airborne survey on its 100% own New Gold property James Bay. Canada Strategic Metals has contracted Prospectair Geosurveys Inc. of Gatineau, Quebec, for a detailed helicopter-borne magnetic and time-domain electromagnetic (TDEM) survey of its New Gold project in James Bay, in the province of Quebec. The survey is expected to be completed before the end of the month of June. 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 MAG-TDEM geophysical survey will consist of a data acquisition program over a total of 304 linear kilometers on one survey block at 100-metre line spacing. Upon completion of the heliborne survey, Joel Dube, Eng, a consultant specialized in geophysics, will generate anomaly-picking and interpretation maps. These products will be key in providing prospective guidance on potential mineralization targets for future prospection and drilling program. A preliminary map will be available soon after the survey is completed, and final maps, data and report are expected within two weeks of completion of the data acquisition. A Eurocopter EC120B aircraft equipped with the lightweight ProspecTEM system and a Geometrics magnetometer will be used to carry out the survey. This cost-effective geophysical configuration is well adapted for reconnaissance surveys with the objective of delineating conductors to a depth of about 150 metres while maintaining excellent spatial resolution. Given the conductive and magnetic nature of the angular mineralized boulders found by Visible Gold Mines along road 167, the MAG-TDEM heliborne technology offers an adapted data combination, thus maximizing chances to discover the sub-outcropping sources of the boulders found in the area by Visible Gold Mines.

Lomiko Metals Inc. and Canada Strategic Metals Start Exploration at La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties Located in Quebec

Lomiko Metals Inc. and Canada Strategic Metals are announced that they have started exploration at the La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties located in Quebec. After completion of commitments outlined in a February 9, 2015, Lomiko would own 80% interest in each property and Canada Strategic would own 20%. Lomiko is fully funded to complete its 2015 work program. The La Loutre Property consists of 1 large contiguous block of 42 mineral claims totaling 2,508.97 hectares (25.09 km2) located approximately 53 km Southeast of Imerys Carbon and Graphite Lac des Iles graphite mine, 117 km northwest of Montréal in southern Québec. Phase 1 of the 2015 exploration work would consist of a 5,000 meter delineation and definition diamond drilling program with NQ size core to outline potential compliant mineral resources in all categories in follow-up to the initial 2014 drill campaign which outlined graphite mineralization over a 800 meter strike length. Also, part of the program will be dedicated to test others parallel zones as a part of the exploration program. Drilling should reach a vertical depth of 150 meters, the "rule-of-thumb" physical depth limit of a standard open pit. Of particular interest is an area of the La Loutre Property which reported grab samples up to 22.04% Carbon Flake Graphite (CFG) and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the Large and Extra Large Flake Graphite categories. The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS minerals in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Carbon Graphite using C-IR18. The Lac des Iles West property consists of 1 large contiguous block of 104 mineral claims totaling 5,601.30 hectares (56.01 km 2) that borders the western limit of the Imerys Lac Des Iles property which is the location of the Imerys Carbon and Graphite Mine and Processing Facility. The Property is close to the town of Mont-Laurier, 150 km northwest of Montréal in southern Québec. The Phase 1 exploration work will consist of prospecting, mapping and sampling with a focus to determine the strike length of the graphitic mineralization outlined during the 2012 prospecting program by Canada Strategic and a magnetic-electromagnetic survey on the entire property. Once the strike length is validated with the graphite bearing bedrock grab samples, the surface mineralization and matching conductors would be drill tested and assayed to a vertical depth of - 100 meters, with preliminary metallurgical testing of the graphite bearing drill core, if program report results of merit for drilling program.

 

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