Mining News: Northern Neighbors: Strategic initial sweep of Yukon gold properties

Strategic Metals Ltd. June 13 reported the imminent start of an initial phase of its 2016 exploration program aimed at acquiring additional information at some of its most prospective gold projects in the Yukon Territory. “In 2015, Strategic made several promising discoveries during brief property examinations. The phase 1 program is designed to better assess the significance of those discoveries,” said Strategic President and CEO Doug Eaton. “Strategic has a stellar pipeline of gold and/or silver projects including: 16 that are drill-confirmed and open to extension, 17 that host high-grade showings but have not yet been drill-tested, and 44 that are still considered to be early-stage prospects. Once the phase 1 results are available, all of the projects will be re-evaluated and selected targets will be drilled.” Strategic is a project generator and the largest claim holder in Yukon. The company currently holds approvals for large drill programs at 11 of its projects and has applications in process for another 12. All of the company’s projects are wholly-owned and nearly all have no underlying royalties attached to them. Strategic is discussing potential options for some of the projects with other parties and invites new inquiries. Strategic has a current cash position of more than C$20 million and significant shareholdings in a number of active mineral exploration companies.

-Shane Lasley