Strategic Metals Ltd. is a Yukon-focused exploration company that has assembled an exceptional portfolio of 160 property and royalty interests. Through project farm-outs and investments, the Company has rapidly grown its cash position and portfolio of marketable securities.
Strategic has recently expanded its wholly-owned Midas Touch project to cover over 1,200 sq km of prospective stratigraphy for Carlin-type gold mineralization to the south of ATAC Resources' new Osiris discovery. The Midas Touch project now hosts four areas of orpiment-realgar mineralization, arsenic sulphide minerals that are often associated with Carlin-style gold deposits and are key indicator minerals at ATAC's Osiris discovery. At the Crag property, recent drilling by Strategic has confirmed that the hydrothermal system is gold-bearing and large in extent. The pathfinder element signature is consistent with the upper portions of a Carlin system,and requires further drilling to depth. The three other areas of orpiment-realgar mineralization are new discoveries located through follow-up prospecting of regional pathfinder +/- gold geochemical anomalies. At the Crag East property, situated 14 km to the southwest of the ATAC discoveries, scout drilling intersected strong orpiment/realgar within favourable carbonate rocks and exceptionally high pathfinder elements over broad intervals. Two large (3.3 and 1.5 sq km) arsenic±antimony±mercury±thallium±gold soil geochemical anomalies (with values to 2.41 g/t gold) have been outlined, both of which are open-ended. Full soil geochemical results were not received until after the completion of drilling and the strongest parts of these extensive geochemical anomalies remain to be tested.
Strategic's many options, royalty interests and shareholdings in companies such as ATAC Resources, Silver Range Resources and Rockhaven Resources provide upside exposure to numerous active exploration projects, including a major Carlin-type gold discovery at ATAC's Rackla Project. With an exceptional project portfolio, a strong working capital position, and an experienced management team with a strong track record of success, Strategic is well positioned for future growth.