The Crag and Rod projects are situated in the Craig Belt, a subset of the 175 km long Rackla Belt, which is known for its high-grade silver-lead-zinc and gold deposits.
'The Craig Deposit is a key asset with a historical, inferred mineral resource estimate of 874,980 tonnes grading 123.4 g/t silver, 8.5% lead and 13.5% zinc' states
Resources were estimated by
The Craig Deposit is situated approximately 145 km northeast of
Mineralization in the Craig area was first discovered in 1976 and, during the next few years, surface exploration and shallow diamond drilling identified a mineralized trend known as the Craig Belt, which includes six highly prospective silver-lead-zinc+/-copper occurrences: the Craig Deposit and Discovery, Trent, Azure, Nadaleen and Scott zones. Most of the mineralization in the Craig Belt is hosted within a southeast-trending unit of dolostone and lesser limestone belonging to the Algae
Strategic staked its first Rod claims in 2008 to cover high-grade silver-lead-zinc veins, and in 2010 it expanded the Rod property and staked the Crag claims as part of a major staking rush that followed the discovery of Carlin-type gold mineralization in the Rackla Belt. During this staking rush, Strategic acquired most of the Craig Belt, but a few claims covering the Craig Deposit were still held by a major mining company. When those claims expired in late 2021, the Craig Deposit was immediately re-staked by Strategic.
Past work by Strategic in the Craig Belt mainly focused on the
At the Craig Deposit, diamond drill programs performed between 1977 and 1980 resulted in an inferred, historical mineral resource estimate of 874,980 tonnes averaging 123.4 g/t silver, 8.5% lead and 13.5% zinc. Since staking the claims covering the Craig Deposit, Strategic has completed
Resources were estimated by
Only limited drilling was done at the Discovery and Nadaleen zones, which returned highly encouraging results, and the
Mineralization in the five zones in the eastern part of the Craig Belt is principally controlled by silicified breccia structures, which appear to be related to solution collapse and karst development. Sphalerite and galena are the major sulphides present, while pyrite and tetrahedrite occur in minor amounts. Sulphides occur as disseminations, erratic replacements of dolomite, pore fillings in dolomite, vein fillings of fractures and faults, and matrix filling of breccias. Smithsonite and hydrozincite are common in outcrop. Surface sampling completed by Strategic at the Trent, Azure, Discovery and Nadaleen zones has returned peak values of 283 g/t silver, 53.3% lead, 27.4% zinc and 4.7% copper.
Little is known about the
About
Strategic is a project generator with 11 royalty interests, 8 projects under option to others, and a portfolio of more than 100 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.
Strategic has a current cash position of
Contact:
Tel: (604) 688-2568
Email: rdrechsler@strategicmetalsltd.com
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
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