SMD Strategic Metals Ltd New

Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic" or "the Company") is
pleased to announce results from its wholly-owned Hopper copper-gold skarn and
porphyry property in southwestern Yukon Territory. This road accessible property
encompasses 365 mineral claims covering a 74 km2  area, and lies 22 km north of
the Otter Falls hydroelectric generator. 


The 2013 exploration program at the Hopper property involved soil geochemical
sampling, geological mapping and prospecting. Highlights from the program
include:




--  Expansion of a known soil anomaly to a 2,500 by 3,600 m area defined by
    values ranging from 500 to 26,000 ppm copper and the recognition of a
    high-grade core area within the anomaly measuring 600 by 1,000 m; 
--  Successful extension of multiple stacked, copper-rich skarn horizons,
    from which previous diamond drilling returned numerous highly
    encouraging intercepts including 1.94% copper and 0.87 g/t gold over
    18.59 m; and 
--  Discovery of a stratigraphically deeper gold-rich skarn exposure, from
    which a chip sample returned 6.83 g/t gold and 0.18% copper over 3 m. 



"The soil geochemical anomaly at the Hopper property is one of the strongest and
largest in Yukon. This excellent geochemical response together with recent
prospecting discoveries and historical drill results indicate a very large, well
mineralized hydrothermal system," states Doug Eaton, President and CEO. "The
Hopper project is considered to be a prime target with excellent logistics and a
good commodity mix. We look forward to completing a substantial drilling program
on a priority basis in 2014."


The 2013 exploration program continued to outline a zoned hydrothermal system
associated with a Late Cretaceous pluton and younger dyke swarms, which cut a
thick section of calcareous metasedimentary rocks. Much of the prospective area
is heavily vegetated and blanketed by various depths of overburden. Soil
geochemical sampling has defined a 2,500 by 3,600 m anomaly, containing values
from 500 to 26,000 ppm copper. Within this large area, 2013 sampling has
identified a core area, measuring 600 by 1,000 m where the highest copper
results are accompanied by moderately to strongly anomalous gold (from 20 to 996
ppb) and molybdenum (from 10 to 142 ppm) values. 


The mineralized hydrothermal system is centered on a porphyry-style copper zone
that is flanked by stacked skarn horizons and distal veins. Historical work
within the porphyry zone (North Zone) consisted of mechanized trenching and a
number of widely spaced, very short percussion drill holes. The best results
from this work were 0.52% copper over 45.72 m (trench) and 0.24% copper over
39.62 m (entire length of percussion drill hole). 


Sub-horizontal skarn horizons have now been traced over a 1,500 m strike length
and through a stratigraphic section of 250 m. They typically comprise medium to
coarse grained diopside-pyroxene-actinolite+/-wollastonite with disseminated to
massive chalcopyrite, pyrite, pyrrhotite and magnetite. Historical drilling has
been mostly confined to a 300 by 400 m area (South Zone), which lies outside the
core of the soil geochemical anomaly. The best copper and gold results from
limited drilling of the skarn horizons were 1.94% copper with 0.87 g/t gold over
18.59 m and 1.76 g/t gold with 0.22% copper over 16.93 m, including 9.44 g/t
gold with 0.01% copper over 2.0 m. The skarn horizons remain open to extension
along strike and down-dip.


The 2014 exploration program at the Hopper project will include IP/chargeability
surveys, which will be done in conjunction with an initial phase of diamond
drilling that is expected to total at least 3,000 m. 


The 2013 exploration program was conducted by Archer, Cathro & Associates (1981)
Limited. Technical information in this news release has been approved by Heather
Burrell, P.Geo., a qualified person for the purposes of NI 43-101.


Analytical work was completed by ALS Minerals with sample preparation in
Whitehorse and assays and geochemical analyses in North Vancouver. All rock
samples were dried and fine crushed to -2mm. A 250 g split was then pulverized
to 75 microns and digested in aqua regia before being analyzed for 51 elements
by inductively coupled plasma-atomic emission spectroscopy and inductively
coupled plasma-mass spectrometry (ME-MS41). An additional 30 g charge was
further analysed for gold by fire assay with inductively coupled plasma-atomic
emissions spectroscopy finish (Au-ICP21). Over limit values were determined
using Cu-OG46. All soil samples were dried, screened to -180 microns and then
analyzed for 51 elements using ME-MS41.. Gold values were determined by fire
assay with Au-ICP21.


About Strategic Metals Ltd.

Strategic is a pre-eminent explorer and claim holder in the Yukon, with an
exceptional portfolio of more than 150 property and royalty interests. The
Company has a current cash position of more than $34 million and its major
shareholdings include 9.1% of ATAC Resources Ltd., 19.9% of Silver Range
Resources Ltd. and 31.2% of Rockhaven Resources Ltd.


ON BEHALF OF THE BOARD

W. Douglas Eaton, President and Chief Executive Officer

For further information concerning Strategic or its various exploration projects
please visit our website at www.strategicmetalsltd.com. 


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.


This news release may contain forward looking statements based on assumptions
and judgments of management regarding future events or results that may prove to
be inaccurate as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected results. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
(604) 688-2568


Strategic Metals Ltd.
Bruce A. Youngman
Chairman
(604) 687-2522


Strategic Metals Ltd. - Investor Inquiries
Richard Drechsler
Corporate Communications
(604) 687-2522 or NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
www.strategicmetalsltd.com

Strategic Metals (TSXV:SMD)
Historical Stock Chart
From May 2024 to Jun 2024

Strategic Metals (TSXV:SMD)
Historical Stock Chart
From Jun 2023 to Jun 2024