Strategic Metals Ltd.
is a project generator at a very-large scale and currently has interests in more than 130 properties assembled by an accomplished exploration team utilizing a proprietary database. Through project farm-outs, investments, and royalty sales, the Company has grown its cash and shareholdings to more than $40 million.
Strategic's large portfolio of marketable securities provides upside exposure to several large exploration projects. Major shareholdings include:
- 8.6% interest in ATAC Resources Ltd., which is developing Canada's only Carlin-type gold district at its Rackla Gold Project in east-central Yukon;
- 46.6% interest in Rockhaven Resources Ltd., which is advancing one of the highest grade gold deposits ever discovered in Yukon towards production;
- 28.7% interest in Precipitate Gold Corp., which is advancing their flagship Juan de Herrera project located within the emerging Tireo Gold Camp in the Dominican Republic; and
- 19.9% interest in Silver Range Resources Ltd., which currently owns 4 highly prospective zinc-leadąsilver projects in Yukon Territory and is acquiring several gold perojects located in NWT, Nunavut and Nevada.
Strategic conducts ongoing research and exploration to maintain a portfolio of high quality exploration projects that span a wide range of commodities and deposit types. The Company seeks partners to advance its projects, a number of which are permitted for large-scale drilling and meet the requirements of a qualifying listing property. Strategic has approved a 2016 phase 1 exploration program totalling $820,000 and plans to conduct phase 2 drilling later in the summer.