Gold: Matamec, Canada Strategic Metals extend zone at Sakami

Quebec – Matamec Exploration and Canada Strategic Metals recently completed a spring drilling campaign at their 50/50 Sakami joint venture, near Goldcorp’s Eleonore gold mine in northern Quebec's James Bay Region. The partners drilled 2,925 metres in seven holes along the shore of Sakami Lake to extend the known mineralized body to the west and at depth. This drilling extended the strike length of the zone to 700 metres, and appears to support the theory of higher-grade subdomains with "rakes" trending west-south-west, the companies noted in a release. Broken core in drill hole PT-17-104A and the disjointed nature of PT-17-105 highlight the increasing geological complexity to the west. Hole PT-17-105 was halted in mineralization, having reached drill rig depth capacity at a vertical depth of 450 metres. Further investigation will be required to understand its relation with Zone 25 and define its full width. [caption id="attachment_1003718829" align="alignnone" width="300"] Figure 1 : Oblique view perpendicular to Zone 25 showing spring 2017 drill results. Diameter of spheres are equal to the length of intervals and the colour is related to grade. Ellipses illustrate the “higher grade rakes.”[/caption] Drill highlights include hole PT-17-102 with 1.7 g/t gold over 30 metres, including 4.26 g/t over 4.5 metres and PT-17-106 with 1.17 g/t over 10.5 metres. Drill hole PT-17-104 was recollared (PT-17-104A) and did not reach the target depth due to poor rock quality, possibly related to a fault zone. However it did intersect 3.82 g/t over 3 metres at a shallower level and in a similar geological context as Zone 25. Drill holes PT-17-103 and PT-17-105 did not intersect any significant gold mineralization. Further interpretation and geochemistry on the nature of a new diorite intrusion in the sequence should give a better understanding of the geological model as it will confirm the rock composition as a diorite or a highly altered paragneiss. This potential diorite could add to a growing list of similarities with the nearby Eleonore deposit. The operator of the exploration program, Canada Strategic Metals, recently exercised an option to earn another 20% of the Sakami project from Matamec. For more information, visit: www.matamec.com.