Mining News: Northern Neighbors: Strategic trenching hits high silver grades at OOO

Strategic Metals Ltd. Aug. 3 posted results from exploration at its OOO property, a silver-gold property located midway between Goldcorp Inc.’s Coffee gold project and Rockhaven Resources Ltd.’s Klaza gold-silver project. The silver- and gold-rich epithermal veins at OOO have received little historical exploration and have never been drilled. Strategic dug a trench (TR-16-01) by hand across a strong linear where a 2015 rock sample returned 6,680 grams per metric ton silver, 30.22 percent lead and 0.80 g/t gold. Chip sample results from the trench include 570 g/t silver, 2.76 percent lead, 0.08 g/t gold over 6.4 meters; and 106 g/t silver, 0.84 percent lead and 0.03 g/t gold over 9.6 meters. These highlighted intervals are separated by a 5.6-meter area of weakly mineralized rocks. Several rock samples collected by prospectors from elsewhere on the OOO property have returned between one and 6.54 g/t gold.

Strategic thanked the Yukon Government, and specifically the Yukon Geological Survey, for awarding a Yukon Mineral Exploration Program grant to the company for the 2016 exploration program on the OOO property. Strategic has scheduled a heritage resource overview assessment and heritage resource impact assessment surveys to be completed on the OOO property in August. These surveys must be complete before drilling can occur.

-Shane Lalsey