Positive drilling results from 7 diamond drill holes extend strike length of Zone 25 west and down-dip on Matamec’s 50%-owned Sakami Property located in the vicinity of the Éléonore gold mine in the James Bay region of northern Québec. The claim block covers over 10,000 ha. Operator Canadian Strategic Metals (CSM) has earned 50% interest and has an option to purchase an additional 20% of the project by spending $2 million annually over five (5) years, issuing 1 million CSM shares to MAT and producing a bankable feasibility study by the end of year five.
The grades continue to impress as the mineralized zone now spans 700 metres!
Read the full press release here.