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Press Release - MINING COM
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Strategic Metals Ltd Vends 3 Yukon Silver Projects
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Strategic Metals Ltd. Announces Market Advisory Engagement
VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / Strategic Metals Ltd. (TSXV:SMD) ( Strategic or the Company ) announces that it has engaged Red Cloud Financial Services Inc. ( Red Cloud ) to provide investor relations and capital market advisory services effective immediately.
Red Cloud is a Toronto-based financial services company that provides advisory services to mineral exploration and mining companies. Under the engagement, Red Cloud will be paid $10,000 per month for a minimum of twelve months (the Initial Term ), with the engagement to be automatically reviewed on a month-to-month thereafter. After the Initial Term, the engagement may be terminated by either party upon one month s written notice to the other party.
Strategic Metals Ltd. Drills 6.74 g/t Gold and 186 g/t Silver Over 7.25 metres at Mt. Hinton, Yukon
514
17.00 g/t gold over 1.56 m, in hole MH-20-032 (Granite North Zone);
and,
0.52 m grading
g/t gold, in hole MH-20-023 (Granite North Zone). Results from the Company s maiden drill program at Mt. Hinton have successfully confirmed the presence of a large, well mineralized, precious metal system consisting of numerous quartz veins containing coarse gold. stated Doug Eaton, President of Strategic. The recessive weathering nature of the veins, the complex structural setting and the irregular distribution of the gold have presented challenges, but additional drilling is definitely warranted to expand the areas of drill-confirmed mineralization and evaluate other promising targets elsewhere on this camp-scale project.