VANCOUVER, BC / ACCESSWIRE / January 25, 2021 / CAT Strategic Metals Corporation (CSE:CAT)(FRA:8CH) (“CAT” or the “Corporation“) announces that it options to initiate a higher-resolution drone magnetic study on the Burntland residence (“Burntland” or the “Job“) to be carried out in February 2021. The Burntland Venture is comprised of ~1200 hectares situated around the Bathurst Mining District of New Brunswick, Canada as revealed in Determine 1.
Figure 1: Location of CAT’s Burntland Venture with respect to the Bathurst Mining DIstrict
The 975 line-kilometre high-resolution drone magnetic survey will be flown at a low elevation about 10 metres over the tree-line and at 25 metre line spacings, masking the entirety of the Task. The magnetic survey, flown at very low altitude and lessen speeds in comparison to traditional helicopter or preset-wing surveys, will collect an abundance of details that will be applied to discover structural capabilities that may possibly be connected to mineralization as well as detect spots of magnetic disruption that might be associated alteration related with hydrothermal mineralizing fluids. In addition, the Company is hopeful that the survey may perhaps determine buried porphyry intrusive bodies which could be relevant to the resource of the skarn-kind mineralization that has been determined to day. The information from the study will be utilised to make a comprehensive structural map of the Task and will be also inverted in 3D to identify deep-seated features.
Mr Robert Rosner, CEO of CAT, commented “we are keen to begin the to start with period of our 2021 perform system on the Burntland Undertaking. The large-resolution drone magnetic study will be quite useful in building targets for abide by-up trenching and drilling targets for the summer of 2021. The Burntland Job is host to large quality copper-silver skarn mineralization, and we are fired up to grow upon the recognized mineralization as properly as investigate for extra locations of skarn mineralization as properly as likely buried porphyry-style mineralization, which is usually associated with skarn-variety mineralization at numerous other locales around the planet.“
The Burntland Job was obtained by CAT in September of 2020, underneath an alternative settlement to earn up to 100%. As documented in the September 17, 2020 press launch, trenching concluded by the vendors in 2020 determined intensive spots of skarnified sediment-hosted mineralization adjacent to porphyry dykes. The regular of 27 samples gathered from this trench location returned 1.67 % Cu and 39.3 g/t Ag, with samples taken selectively throughout around 60 metres of the exposed trench. The best quality samples from this physical exercise include up to 16.3 % Cu & 220. g/t Ag, 5.58 % Cu & 192. g/t Ag, and 6.2 % Cu & 118 g/t Ag. Note that rock grab samples are selective by mother nature and values described may not represent the accurate quality or design of mineralization across the assets. A historic ground magnetic survey indicates that skarn-form mineralization on the Task is typically observed at the margins of magnetic-substantial spots.
Qualified Human being
Mr. Kelly Malcolm, P.Geo (Ontario), is the certified human being as described by National Instrument 43-101 who has reviewed and permitted the technological contents of this push release. The Certified Particular person has not completed sufficient do the job to validate the historic data on the House, specially in regard to the neighbouring jobs and historic drilling details.
ON BEHALF OF THE BOARD
Chairman, President & CEO
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