The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
SMD: TSX-V
President and CEO: W. Douglas Eaton
Chairman: Bruce Youngman
Chief Operating Officer: Ian Talbot
Strategic Metals Ltd. has the largest mineral property portfolio in Yukon Territory, with more than 150 properties.
In addition to 14 properties optioned to third parties, the company is exploring the Midas Touch Project, which covers 1,200 square kilometers (463 square miles) adjacent to significant new Carlin-style drill discoveries made by ATAC Resources Ltd. and Anthill Resources Ltd. in east-central Yukon Territory Exploration in 2013 will include initial drilling at the Nad property together with detailed prospecting and follow-up sampling throughout the Midas Touch project.
Strategic Metals also owns marketable shares of other resource companies valued at C$19 million.
Major shareholdings include 9.1 percent of ATAC Resources Ltd., 19.9 percent of Silver Range Resources Ltd., 33.0 percent of Rockhaven Resources Ltd. and 7.7 percent of Orefinders Resources Inc. In June, the company outlined its 2013 exploration plans for the Midas Touch Property and other wholly-owned properties in Yukon Territory and northern British Columbia.
With a budget of C$2 million, field work was to include surface prospecting and mapping programs at Midas Touch designed to advance Carlin-style targets to the drill stage and make new discoveries; and geochemical sampling, prospecting and mapping programs on multiple other properties, including the GK gold-copper porphyry property located in the Red Chris-Galore Creek porphyry district of northwestern BC, the Hopper copper-gold skarn/porphyry project in southwestern Yukon, and the Hy silver-lead-zinc skarn project in southeastern Yukon.
The latter programs were designed to follow-up and expand known mineralization and/or geochemical anomalies and define drill targets.
Cash and short-term deposits: C$39.4 million (at Aug. 29, 2013)
Working capital: C$52.9 million (at June 30, 2013)
Market capitalization: C$32.3 million (Sept. 27, 2013)
1016-510 West Hastings Street
Vancouver, B.C.
Canada V6B 1L8
Tel: 604-688-2568
Fax: 604-688-2578
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