Strategic Metals (TSE:SMD) has released an update.
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Strategic Metals Ltd. and its partner Benjamin Hill Mining Corp. have reported significant gold, copper, and molybdenum mineralization in their first drilling program at the Alotta project in Yukon, including a notable intercept of 211.65 meters grading 0.46 grams per tonne gold. The promising findings have set the stage for further exploration, with additional drilling planned for May 2024 to probe geochemical anomalies that could indicate larger porphyry mineralization zones. CEO Doug Eaton expressed optimism for the discovery of more mineral-rich areas within the extensive soil geochemical anomaly.
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