CAT's technical team is currently designing exploration models of the silver, gold, copper, and tellurium-bearing mineral systems present in order to rapidly advance the project. This data will be incorporated and form part of an NI 43-101 Technical Report expected to be delivered during this quarter. The geophysical data sets are being reviewed and interpreted by Wright Geophysics of Spring Creek, Nevada. The Company is compiling the Gold Jackpot data sets into a 3-D GIS database that can be evaluated by sophisticated computer modeling. Dikes of quartz- feldspar porphyry crop out at Gold Jackpot at the surface, suggestive of a porphyry system at depth, with a fault-controlled copper-silver-gold diatreme zone lying above a porphyry and 3) a tellurium-(gold-silver) system whose outcrops have yielded analyses of up to 4 kg/ton tellurium. CAT has some Tenneco maps and sections, but no Gold Fields data 2) a porphyry copper-gold target system that could be overlain by a diatreme copper-gold-silver system that has invaded the surface parts of a wide, major NE-trending fault system. Gold Fields and Tenneco drilled 27 shallow reverse-circulation drillholes to test for open-pitable gold mineralization, but tested only a small portion of the target area. Gold Jackpot has 3 different types of targets on the Property: 1) "Stag's Leap": a 6 Km long, fault-controlled block of Paleozoic rocks along a major regional range front fault system, with surface rock chip samples that assayed up to 239 g/t silver and to 16 g/t gold. It occurs in brecciated Paleozoic sedimentary rocks and could be of Carlin-style or related to the upper part of a porphyry copper-gold-silver system. High-grade outcrops of Tellurium-bearing rock (to 4 kg/t) also are present, and Tellurium is a key component in the solar panels of NYSE-listed First Solar Corporation.ĬAT staked a newly-discovered gold-silver-bearing jasperoid target area that CAT will sample, evaluate and fit into the big metallogenic picture at Gold Jackpot. Outcrops showing high-grade silver to 239 grams per tonne (g/t) Ag (7.6 oz/ton Ag) are present on the Property, with local high-grade gold to 16 g/t Au as well.
It has exploration targets for each of these metals. Gold Jackpot strategic metals property is in a highly mineralized region and has multiple outcrops that assayed high-grade silver, gold, and tellurium. CAT also has begun a compilation and interpretation of geophysical data that were performed or acquired by 3 rd parties in the past. It is adjacent to the eastern boundary of the Texas Canyon Carlin-style gold prospect of Peloton Minerals. The 64 unpatented lode claims comprising the Property, totaling 535 hectares in size, are located 35 Km southeast of Jackpot, Nevada, in the Pequop gold-silver-copper Trend. VANCOUVER, BC / ACCESSWIRE / Febru/ CAT Strategic Metals Corporation (CSE:CAT) (" CAT" or the " Company") announces that it has expanded the size of the Gold Jackpot mineral property (" Property") by staking more unpatented lode claims on a new Carlin- or porphyry-style gold-silver target within the Property.
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