Bonanza grade silver discovery in Yukon's prolific Dawson Range

Strategic Metals Ltd.’s 100% owned Triple Crown property is one of the best, undrilled prospects in the Dawson Range Gold Belt of southwest Yukon, which includes the Coffee, Klaza, Casino and other deposits. Planned roads to improve access into the known deposits will also benefit the Triple Crown and other early-stage projects in the area.

The claims lie southeast of Apex Mountain within the traditional territory of the Selkirk First Nation. The property exhibits strongly anomalous, multi-element soil geochemistry and is considered to be highly prospective for silver- and gold-rich epithermal veins.

Cursory prospecting in the early 1980s discovered galena- and anglesite-bearing float within recessive linear features. These linears likely mark the surface traces of the metal-rich, epithermal veins. In 2015, one day of prospecting and soil sampling was completed by a three person crew in the newly staked southern part of the property. Results from this work were highly encouraging, including three composite samples, each comprised of several vein fragments, which returned 6680, 2950 and 2390 g/t silver.

In June 2016, a hand trench (TR-16-01) was dug across a strong linear to follow up on the 6680 g/t silver composite sample. Chip sample results from the trench include 570 g/t silver, 2.76% lead, 0.08 g/t gold over 6.4 m and 106 g/t silver, 0.84% lead and 0.03 g/t gold over 9.6 m. These highlight intervals are separated by 5.6 m of weakly mineralized wallrocks. Aside from a few pods of anglesite-encapsulated galena all of the mineralization in TR-16-01 is strongly oxidized. Historical drilling on the same ridge system about eight kilometres to the southeast, indicated that similar but narrower veins are almost totally oxidized to depths of 100 m or more. A number of rock samples from the Triple Crown property have graded better than 0.5 g/t gold with the best yielding 6.54 and 5.01 g/t gold.

Soil and silt sampling conducted intermittently since 1980 has identified several clusters of strongly and very strongly anomalous values for silver, gold, lead, copper, arsenic, antimony, bismuth and zinc across the property. No drilling has been done on the Triple Crown property.