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More high-grade gold found at Mt. Hinton

 

September 13, 2019

Strategic Metals Ltd.

Looking north toward the Granite Creek basin where Strategic Metals has collected high-grade gold samples from both sides of the placer producing stream.

Strategic Metals Ltd. Sept. 9 reported that it continues to find high-grade gold and silver veins at its Mount Hinton property in Yukon's Keno Hill District.

During its initial phase of 2019 exploration at Mount Hinton, which focused on a 3,500- by up to 1,500-meter gold-in-soil anomaly on the eastern side of Granite Creek, Strategic geologists collected a rock sample that averaged 2,340 grams per metric ton (75.23 ounces per metric ton) gold and 597 g/t (19.2 oz/t) silver.

The company followed up on this bonanza gold discovery with a second phase of exploration in the Granite Creek basin.

This work discovered a new one- to two-meter-wide mineralized quartz vein that is intermittently exposed for about 75 meters on the western side of Granite Creek. Four widely spaced rock samples along this vein returned 28.5 g/t gold; 23.5 g/t gold with 1720 g/t silver; 11.6 g/t gold; and 4.44 g/t gold.

Another outcropping vein, found within a fault zone on the west side of Granite Creek, averaged 12.6 g/t gold and 2,100 g/t silver. A second exposure of this vein was located 50 meters along strike. Chip sampling of this second exposure returned 30.5 g/t gold and 53.1 g/t silver over 1.2 meters; and a grab sample averaged 48.5 g/t gold and 74 g/t silver.

A third, 0.5-meter-wide outcropping vein west of Granite Creek, which is covered by talus along strike in both directions, averaged 46.9 g/t gold and 446 g/t silver.

The second phase of the 2019 program at Mount Hinton also found additional veins on the eastern side of the Granite Creek basin.

This includes a steeply dipping vein, where a chip sample yielded 4.59 g/t gold over the one-meter-width of the vein; and a rock sample averaged 11.15 g/t gold.

Strategic Metals Ltd.

A sample with abundant visible gold collected from Strategic Metals' Mount Hinton property in the Yukon.

A rock sample from a vein outcrop, which is likely the source of the northeasterly striking zone of quartz float sampled during the phase-one program, returned 12.7 g/t gold and 710 g/t silver.

Follow-up prospecting within the float train of vein quartz and breccia that produced the 2340 g/t gold sample resulted in the discovery of native gold at that site, and collection of a rock sample with 202 g/t gold and 2020 g/t silver, about 120 meters along strike to the northeast.

Given the success of the first two phases, Strategic Metals has begun a third phase of 2019 exploration at Mount Hinton.

This phase will include a property-wide LiDAR survey, road construction and mechanized trenching across areas with high gold values in rock and soil. Geological mapping and prospecting will continue during phase three, focusing on the structural controls of newly discovered veins.

–SHANE LASLEY

 

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