Visible Gold and New Mineralized Zones Discovered on Canadian Metals Inc. GoldStrike Property, New Brunswick (CNW Group/Canadian Metals Inc.)
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Canadian Metals Inc. (CME) has discovered visible gold and new mineralized occurrences, along while mapping and prospecting its GoldStrike Property north of the Bathurst Mining Camp in Ontario
  • A total of 164 samples were collected and have been dispatched to Actlabs Ltd. for analysis; results are expected by mid to late-September
  • The interpretation of the surveys has outlined major structures and anomalies associated with mineral occurrences indicating continuity to the mineralized zones
  • Shares of Canadian Metals are trading steady at $0.095 as of 3:30 pm ET

Canadian Metals (CME) has discovered visible gold and new mineralized occurrences while prospecting its GoldStrike Property in Ontario.

Both geophysical assessments, the Helicopter Borne Magnetic and Time Domain Electromagnetic (TDEM) and Induced Polarization (IP) surveys have been completed, and interpretation and target identification are in progress.

A total of 164 samples were collected and have been dispatched to Actlabs Ltd. for fire assay and lithogeochemical analysis; results are expected by mid to late-September.

An IP survey will be carried out at a new mineralized rhyolite occurrence, Alyssa W, which was found 400 metres west of the original Alyssa discovery. The area was tested for its economic potential by either trenching and/or drilling.

The interpretation of the Mag-TDEM and IP surveys has outlined major structures and anomalies associated with mineral occurrences indicating continuity to the mineralized zones. 

Canadian Metals Inc. (CME) is engaged in acquiring, exploring, and evaluating mineral properties in Quebec and New Brunswick. Its properties include Lac La Chesnaye Property, Chisholm Brook Property, Frenette Property, Silicate Brutus, Seignelay, Lac Robot, Baie-Trinite, and Mouchalagane Properties.

Shares of Canadian Metals (CME) are trading steady at $0.095 as of 3:30 pm ET.


More From The Market Herald
Desert Mountain Energy - CEO, Robert Rohlfing.

" Desert Mountain Energy (TSXV:DME) completes testing at McCauley Helium Processing Facility

Desert Mountain (DME) has completed testing at its McCauley Helium Processing Facility in Arizona.

" StrategX (CSE:STGX) confirms new discovery at Nagvaak project

StrategX Elements (STGX) finds new energy transition metals from drill hole 14, in target area one of the Nagvaak project in Nunavut.

" Golden Goliath (TSXV:GNG) completes drill holes at its Wish Ore Property

Golden Goliath Resources (GNG) has completed drilling holes at its Wish Ore Project.

" Freegold (TSX:FVL) intersects high-grade gold

Freegold Ventures Limited (FVL) shared the gold results from an additional seven holes done for its drill program on the Golden Summit Project.