VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/20/13 -- Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic" or "the Company") is pleased to announce 2013 exploration plans for its Midas Touch Project and other wholly-owned properties located in Yukon Territory and northern British Columbia. Field work will include:
-- Surface prospecting and mapping programs at the Midas Touch Project, designed to advance Carlin-style targets to the drill stage and make new discoveries. A priority will be the Nad property, where significant gold and pathfinder geochemical anomalies are located 400 m east along strike of the Venus Zone Carlin-style gold discovery made in late 2012 by Anthill Resources Ltd., with initial drill results of 9.76 g/t gold over 38.7 m; and-- Geochemical sampling, prospecting and mapping programs on multiple other properties, designed to follow-up and expand known mineralization and/or geochemical anomalies and define drill targets. Detailed exploration will be completed at the GK gold-copper porphyry property located in the Red Chris - Galore Creek porphyry district of northwestern BC, the Hopper copper-gold skarn/porphyry project in southwestern Yukon, and the Hy silver-lead-zinc skarn project in southeastern Yukon.
MIDAS TOUCH PROJECT:
The 2013 exploration program will include prospecting, geological mapping and infill soil geochemical surveying throughout the 1,200 sq km Midas Touch Project, situated within the Rackla Gold Belt, an emerging Carlin-style gold district where ATAC Resources Ltd. and Anthill Resources Ltd. have made several significant drill discoveries. Targets include:
The Nad property, located 400 m along strike from Anthill's new Venus gold discovery. Preliminary surface work at the Nad property has identified sizeable gold and pathfinder geochemical anomalies together with orpiment-realgar mineralization. The Nad soil geochemical anomaly is 1500 m long by 300 to 600 m wide and is associated with a favourable carbonate/siliciclastic unit that hosts the gold discovery on the adjacent Anthill property. The Nad property is considered to be a priority target for first-time drill testing.
The Crag East property is situated in overburden covered terrain 7 km to the south of ATAC's new Anubis discovery and 12 km to the southwest of its Osiris area, where extensive Carlin-style mineralization has been outlined at the Conrad, Osiris, Isis East, Isis, and Sunrise Zones. The Crag East property has a strong pathfinder geochemical signature of similar intensity and magnitude to the geochemical response that marks ATAC's Anubis and Osiris areas. The largest soil anomalies occur in areas with low topographic relief and little bedrock exposure. Initial drilling at the Crag East property is broadly spaced and has intersected many features characteristic of Carlin-style gold deposits including abundant realgar and orpiment, favourable carbonate host rocks and alteration, and intense pathfinder signatures over thick intervals. Many geochemical anomalies at the Crag East property have not yet been followed up, including low-level gold anomalies which have proven to be important elsewhere in the Rackla Gold Belt.