3,000 m campaign on Zone 25 seeks to confirm the extension of gold mineralization to the west and follow up on previous results
that include 21.05 m of 4.94g/t Au
MONTREAL, QUEBEC--(Marketwired - March 28, 2017) - Canada Strategic Metals Inc. ("Canada
Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Matamec Explorations Inc.
(TSX VENTURE:MAT)(OTCQB:MHREF) are pleased to announce the commencement of drilling on the Sakami property. A total of 3,000 m of
drilling is planned on Sakami to extend the known mineralized body to the west. Drilling in 2016 suggests that the mineralization
is thicker and locally richer in this direction. It also confirms the relatively consistent orientation of the mineralization,
which allows for more aggressive step-outs of 90 m.
The figures below illustrates the distribution of mineralized intervals and planned drilling.
Figure 1. Oblique image of Zone 25 showing the distribution of mineralized intervals created using a 1g/t lower
limit and shown as spheres according to the thickness. Red traces represent the planned drilling.
Figure 2. Vertical section looking west, showing the proposed drill traces in red with respect to the possible
extensions to Zone 25 (grey polygon).
At this time, each company owns 50 % of the Sakami project. Canada Strategic Metals recently exercised an option to
acquire an additional 20% of the Sakami property from Matamec in exchange for 1 million shares in the Company and a commitment to
spend CDN$ 2,000,000 in exploration work per year for the next five years, during which time it must also complete an independent
bankable feasibility study. Please see the press release from February 14th, 2017 for more details of the option
agreement and the ownership structure of the property. During the period covered by the option agreement, Canada Strategic Metals
will remain the operator of the exploration works, supervised by a management committee comprising two representatives of Canada
Strategic Metals and two representatives of Matamec.
Canada Strategic Metals is well funded, having recently closed a round of funding for a total of $1,329,690 hard cash and
$2,502,500 flow-through.
The drilling program has designed by Guy Desharnais, Ph.D. (OGQ No.1141), employed by SGS Canada Inc. and independent of
Matamec and Canada Strategic.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and Chief Executive Officer of the Company and a Qualified Person
under NI 43-101, has reviewed and approved the technical content of this release.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering
over 22,584 hectares in Quebec. With broad management experience in green technology and junior resource exploration and
development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its
shareholders.
For more information on the Company, please visit www.csmetals.ca.
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.
To view the figures associated with this press release, please visit the following links:
http://media3.marketwire.com/docs/029_1.pdf
http://media3.marketwire.com/docs/029_2.pdf