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32 Key Lode Mining Claims Filed and Recorded with BLM
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More Lithium Claims Staked and Sampling at Jackpot
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More Sample Results Received validating Porphyry-Diatreme Cu-Au Model
VANCOUVER, BC / ACCESSWIRE / September 13, 2023 / CAT Strategic Metals Corporation (CSE:CAT)(OTC:CATTF)(FRA:8CH) (“CAT” or the “Company“) is happy to supply an exercise update on its Jackpot Lithium and Gold Jackpot Properties situated in northeastern Elko County, Nevada, close to the Surge Discovery.
32 LITHIUM CLAIMS FILED WITH BLM RENO OFFICE
Lithium Claims: CAT filed 32 of its new Lithium-target lode claims with the BLM Reno, Nevada workplace on August 25, 2023. These claims have been correctly staked on what CAT interprets to have been open floor for CAT by Certified Professional Geologists and Qualified Persons, certainly one of whom is impartial of CAT and is an Expert Witness for the dedication of validity of unpatented lode mining claims. The BLM file numbers for these claims are NV106317198 by way of NV106317227. These 32 new lode claims cowl 661 acres (267.5 hectares) of a attainable jap extension of the lithium-bearing tuff sequence that’s being explored by Surge Battery Metals (“Surge”; see map). These rocks and overlying sediments have been mapped and studied as a part of a Master’s Thesis by Richard R. Redfern, M.S. (UCLA) and QP, certainly one of CAT’s consultants and Qualified Persons.
In addition, CAT staked six (6) new lode claims for lithium within the NW a part of its work space, contiguous with its current Jackpot Lithium claims, and three extra claims contiguous to the SW. The northern claims are alongside the northern boundary of the Opal Springs rhyolite circulate dome-(caldera?), which post-dates the Jarbidge Rhyolite. The Jarbidge Rhyolite is of an identical age because the rocks of the McDermitt sequence that holds the enormous Thacker Pass lithium deposit.
The host rocks for lithium deposits on this Jackpot area, which can prolong over an space of greater than 40 sq. miles (10,360 hectares), are hosted by the jap equal of the Humboldt Formation (Ts3) sedimentary and tuffaceous rocks of prompt “late to very late Miocene age” by Coats (1987), post-dating the Jarbidge Rhyolite. The supply of the lithium could also be lithium-rich volcanically-derived Opal Spring hydrothermal fluids that have been fed upward into the overlying sediments and poorly-lithified sedimentary rocks alongside northerly-, northeasterly-, and northwesterly-trending feeder faults.
The Idavada Volcanics (Tts) tuffites-ignimbrites-sediments overlie the Jarbidge Rhyolite and Humboldt Formation sequences on the north facet of the Opal Springs Fault. Previous geologic mapping by Coats exhibits the Opal Springs fault going by way of the world of CAT’s new northern claims. CAT is investigating if it was a feeder fault for lithium mineralizing hydrothermal fluids.
Figure 1 beneath exhibits CATs unique declare block in blue and its 41 new claims in crimson. It additionally exhibits CAT’s claims in relation to the approximate declare places of Gli, Surge and Peloton Minerals Corporation, the Company’s neighbours in what is taken into account to be a brand new and rising lithium discovery space.
Figure 1. New CAT Claim Boundaries, Gold Jackpot Area
GOLD JACKPOT PORPHYRY-DIATREME EXPLORATION PROGRAM
CAT acquired extra regular- and screen-fire bulk pattern assays from samples taken from the Stag’s Leap porphyry (“PCD”) and diatreme exploration goal on its Gold Jackpot claims. These floor samples contained native elevated gold, copper, tellurium, and result in in extra of 0.4% Pb. The geochemically-anomalous areas are proven in Figures 2, 3, 4, and 5 for the define of this previously-identified (in 2009) zone of widespread floor mineralization. North is up on these figures, and the grid packing containers are 500 by 500 meters every.
It is interpreted that the excessive Pb and Zn values are indicative of a Pb-Zn halo above a PCD/Diatreme intrusive-related physique containing Cu-Au-Ag-Te mineralization. Sericitized, pyritic quartz-feldspar porphyry dikes are current instantly to the south of this extremely mineralized space. The widespread excessive copper and gold values over a large space atop this goal might imply {that a} physique of PCD/Diatreme mineralization might be current at a shallower depth than beforehand thought. An IP survey atop this goal by Zonge Geosciences for CAT confirmed an anomalous zone {of electrical} conductivity at an undetermined depth. This promising goal has by no means but been examined at depth by drilling.
Figure 2. Copper rock chip geochemistry, Stag’s Leap Target, Gold Jackpot Area
Figure 3. Gold rock chip geochemistry, Stag’s Leap Target, Gold Jackpot Area
Figure 4. Lead rock chip geochemistry, Stag’s Leap Target, Gold Jackpot Area
Figure 5. Tellurium rock chip geochemistry, Stag’s Leap Target, Gold Jackpot Area
Mr. Richard R. Redfern, M.S., C.P.G. No. 10717, is the certified individual as outlined by National Instrument 43-101 who has examined the property on the bottom, and wrote a Master’s thesis on the Opal Springs space to the east and northeast of Surge Battery Metals’ lithium discovery, reviewed the geological data available from public sources associated to the property, and is answerable for approving the technical contents of this press launch.
About CAT Strategic Metals Corporation (CAT)
CAT Strategic Metals’ company technique, as mirrored in its general Mission Statement, is to supply, establish, purchase and advance property pursuits situated in mineral districts confirmed to have world-class potential, primarily lithium, tellurium, gold, silver and copper. In addition to the Gold Jackpot strategic metals property situated NE of Elko, Nevada, within the Pequop gold-copper-lithium development with a number of targets for gold-silver, copper, tellurium, and potential lithium, CAT has the South Preston Uranium Project within the Athabasca Basin of Saskatchewan, the Burntland Project situated northeast of St. Quentin within the Restigouche County, New Brunswick, Canada, directed on the exploration and improvement of a number of Skarn-hosted copper-silver, gold targets. CAT’s shares commerce on the Canadian Securities Exchange (CSE) beneath the buying and selling image “CAT”, and on the Frankfurt Stock Exchange beneath the image “8CH”.
ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO
Further data relating to the Company will be discovered on SEDAR at www.SEDAR.com, by visiting the Company’s web site www.catstrategic.com or by contacting the Company instantly at (604) 674-3145.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that time period is outlined in insurance policies of the Canadian Securities Exchange) accepts accountability for the adequacy or accuracy of this launch.
We search secure harbour.
SOURCE: CAT Strategic Metals Corporation
