Strategic Metals reports high-grade copper, cobalt and gold mineralization in Yukon

Strategic Metals (TSXV: SMD) has announced high-grade results from its Batt property in southwestern Yukon. 

Its wholly-owned site covers volcanogenic massive sulphide (VMS) and overprinting epigenetic vein and fracture hosted, copper, cobalt, gold, silver and zinc mineralization. 

Result highlights include 0.71% copper, 0.21% cobalt and 1.18 grams gold per tonne over 5.7 metres from a hand trench through oxidized and deformed volcanic and intrusive rocks; 2.18% cobalt and 2.37 grams gold per tonne over 0.5 metres from an outcropping shear zone; and 8.72% copper, 0.24% zinc, 19.9 grams silver and 488 ppm cobalt over 1 metre within strongly silicified basalt with localized semi-massive to massive sulphides.

The Vancouver-headquartered junior also reported in its Wednesday news release it found 19.7% copper and 41 grams silver per tonne from a large, angular massive chalcopyrite boulder; and 1.46% cobalt and 1.43 grams gold over 0.5 metres from a quartz-carbonate vein.

The Batt site is located about 68 km south of the town of Haines Junction in southwestern Yukon and 20 km west of the Haines Road. It within the traditional territory of the Champagne and Aishihik First Nations, with whom Strategic has signed an exploration benefits agreement.

Work at Batt has so far concentrated on the Main Ridge zone and adjacent areas in the northeast portion of the property.

Volcanic stratigraphy that has the potential for hosting VMS mineralization continues to the south where a small amount of work has occurred. 

Potential for additional epigenetic copper, cobalt and gold discoveries exists throughout the property, Strategic said. 

Strategic shares were trading at 28¢ on Wednesday afternoon in Toronto, in a 52-week window of 22¢ and 42¢, giving it a market capitalization of $31 million.