Strategic exploration of Mt. Hinton gold
Refining targets for 2020 drilling at bonanza grade project
Last updated 6/6/2020 at 5:57am
Strategic Metals Ltd. June 3 announced plans for continued exploration of Mount Hinton, a high-grade gold and silver project in Yukon's Keno Hill Mining District.
During its 2019 program, Strategic geologists collected rock samples from the Mount Hinton property with up to 2,340 grams per metric ton (75.23 ounces per metric ton) gold and 597 g/t (19.2 oz/t) silver on the eastern side of Granite Creek.
The company followed up on this bonanza gold discovery with a second phase of exploration in the Granite Creek basin.
The work in 2019 identified vein mineralization grading 202 g/t gold and 2,020 g/t silver roughly 120 meters along strike from the original discovery.
Mapping and prospecting during the second phase of the 2019 program discovered numerous mineralized veins elsewhere within the Granite Creek drainage including:
• 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 1,720 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.
Strategic plans to begin its 2020 exploration at the Mount Hinton property in mid-June. The initial phase of this program is expected to include excavator trenching, road construction, as well as detailed mapping and prospecting. This is slated to be followed up with an estimated 7,000 meters of drilling.
In addition to Mount Hinton, Strategic has a portfolio of more than 100 mineral exploration properties in the Yukon. The company plans to carry out detailed mapping and geochemical sampling at three of the highly prospective precious metals projects in this portfolio, with the objective of preparing those targets for future drilling.