Strategic Metals Ltd.

Published : March 26th, 2013

Canada Strategic Metals (TSX CJC.V)

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Canada | China | India | Lithium | Silver |


Download PDF

Vancouver, British Columbia - March 26, 2013 - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) is pleased to announce that further to the Company's February 26th, 2013 news release, metallurgical characterization results from all three graphite composite samples representing the North, Central and South areas of the 25 km2 (square kilometer) La Loutre Property (the "Property") have now demonstrated that a large percentage of medium to jumbo size graphite flakes are present on surface in various areas of the Property and that the presence of high-purity flake graphite has also been demonstrated in multiple samples. This suggests there is good potential to obtain a high purity graphite concentrate from La Loutre across a broad spatial area and with a large percentage of coarse flake sizes. For a breakdown of these characterization and purity results, please see below. A copy of the full evaluation is available on the Company's website at

Vancouver based Global Mineral Research Ltd (GMR Ltd) completed this evaluation using grab samples obtained during the summer 2012 exploration program, which confirmed the presence of a large graphite bearing structure covering an area of approximately 7 kilometers by 1 kilometer with results of up to 22.04% graphite in multiple parallel zones 30-50 meters wide. Another area towards the north end of the property was also identified, covering approximately 2 kilometers by 1 kilometer within multiple parallel zones 20-50 meters wide, and which includes results of up to 18% graphite.

Together, this sampling and characterization program now provides a clear indication of the grade, size distribution and quality of the graphite located on surface at La Loutre, which combined with the results of the Company's electromagnetic survey suggests a promising potential to develop a high-purity flake graphite resource on the property over a broad area. Further metallurgical studies will be completed as necessary as the Company works to define the global tonnage and grade of the graphite material located on the property, starting with the Company's Phase 1 drill program set to commence this spring.

See table below for the details composite samples sent to the laboratory and full table of size characterization and Graphite Grade for composites #1 to #3:

La Loutre Graphite Characterization Results:

North Area

Graphite Grain size Sample number La Loutre #1 Size class
% Cg** 3.46%Cg  
% greater than 200 mesh 85.74%Cg Small or greater
% greater than 100 mesh 63.62%Cg Medium or greater
% greater than 80 mesh 55.72%Cg Large or greater
% greater than 50 mesh 36.66%Cg Extra Large or greater
% greater than 35 mesh 27.93%Cg Jumbo


Central Area

Graphite Grain size Sample number La Loutre #2 Size class
% Cg 5.62%Cg  
% greater than 200 mesh 87.00%Cg Small or greater
% greater than 100 mesh 65.75%Cg Medium or greater
% greater than 80 mesh 55.29%Cg Large or greater
% greater than 50 mesh 35.67%Cg Extra Large or greater
% greater than 35 mesh 13.24%Cg Jumbo


South Area

Graphite Grain size Sample number La Loutre #3 Size class
% Cg 6.64%Cg  
% greater than 200 mesh 85.40%Cg Small or greater
% greater than 100 mesh 61.72%Cg Medium or greater
% greater than 80 mesh 51.85%Cg Large or greater
% greater than 50 mesh 27.47%Cg Extra Large or greater
% greater than 35 mesh 15.16%Cg Jumbo

*New results in bold
** Cg: Carbon graphite

(La Loutre Composite Sample Details):

La Loutre Property Composite Samples
Composite Sample number Graphite % Average grade
Composite #1
North Area
98616 5.00 3.46%Cg
98617 3.80
98618 5.48
98664 5.36
98665 3.55
98667 18.04
98668 3.96
Composite #2
Central Area
98583 3.21 5.62% Cg
98584 3.16
98586 2.43
98597 16.52
98652 2.58
98657 6.53
98658 1.96
Composite #3
South Area
98568 6.25 6.64%Cg
98569 5.46
98572 1.96
98574 4.28
98576 6.25
98577 18.08
98578 15.52
98579 4.25
98580 3.59
98581 4.89

La Loutre Graphite Purity Results:

North Area

US Mesh Sieve Size Sample #1 3.46%  Cg Size class Grade, % Graphite
-200 14.26% Fine 100.00%
200 ? 100 mesh 22.12% Small 100.00%
100-80 mesh 7.90% Medium 100.00%
80-50  mesh 19.06% Large 96.00%
>50 mesh 36.66% Extra Large 87.72%
Total ( 200) 85.74% Average Grade 94.74%

Central Area

US Mesh Sieve Size Sample #2 5.62%  Cg Size class Grade, % Graphite
-200 13.00% Fine 100.00%
200 ? 100 mesh 21.26% Small 98.15%
100-80 mesh 10.46% Medium 97.56%
80-50  mesh 19.62% Large 97.30%
>50 mesh 35.67% Extra Large 96.15%
Total ( 200) 87.00% Average Grade 97.45%

South Area

US Mesh Sieve Size Sample #3 6.64%  Cg Size class Grade, % Graphite
-200 14.58% Fine 99.02%
200 ? 100 mesh 23.68% Small 100.00%
100-80 mesh 9.87% Medium 100.00%
80-50  mesh 24.38% Large 100.00%
>50 mesh 27.47% Extra Large 100.00%
Total ( 200) 85.42% Average Grade 99.86%

The Company has initiated the permitting process to complete a 1,500 meter drill program on the La Loutre property this spring. The objective of this 15?20 hole drill program will be to verify the areas of high-grade graphite results near surface and establish a flake graphite resource on the property. 

The Company also announces it has accepted the resignations of Ron MacDonald, Mark Baggio, Jenna Hardy, and Eileen Hao, effective immediately. The Company thanks them for their contributions and wishes them well in their future endeavors.
Meanwhile, the Company is pleased to announce the appointment of Hugo Monette as a Director of the Company. Mr. Hugo Monette is a professional engineer with a specialization in mechanical engineering.  He has extensive experience in project management in the petrochemical and chemical industries and has acted as project manager for a consulting engineering firm that has conducted various assignments for several companies, including Shell Canada, Bitumar, Enerkem, Air Liquide and Petro-Canada.  He is currently completing a Masters degree in Business Administration.

President & CEO Jean-S�bastien Lavall�e comments that "the La Loutre project sampling, characterization, and purity test results are very positive so we look forward to strengthening our management team and commencing our phase 1 drill program at La Loutre in the coming weeks." About the La Loutre Property

The La Loutre property consists of one large contiguous block of 42 mineral claims (25.09 km2), located approximately 117 km northwest of Montreal, in southern Quebec, and is situated within the highly prospective Central Metasedimentary belt of the Grenville geological province, host to many active graphite projects. At La Loutre, graphite is hosted in graphitic crystalline marbles and paragneiss, similar to the host stratigraphy at Timcal's Lac des Iles graphite mine, currently Canada's only producing graphite mine, which is located at only 53 kilometers West of the La Loutre property.

La Loutre Assay Results

Please click here to view a map of the surface sample results and recent electromagnetic (EM) survey).

Sample No Graphite % Sample No Graphite % Sample No Graphite % Sample No Graphite % Sample No Graphite %
98557 22.04 98581 4.89 98567 2.97 98563 1.72 98660 1.04
98577 18.08 98670 4.49 98593 2.76 98628 1.69 98619 1.02
98667 18.04 98655 4.35 98552 2.63 98629 1.65 98631 1.00
98597 16.52 98560 4.29 98595 2.60 98592 1.64 98603 0.98
98578 15.52 98574 4.28 98626 2.60 98651 1.61 98602 0.97
98653 10.19 98579 4.25 98652 2.58 98669 1.58 98661 0.94
98622 8.20 98671 4.21 98654 2.48 98556 1.49 98564 0.94
98663 7.34 98668 3.96 98586 2.43 98585 1.47 98598 0.92
98615 6.85 98610 3.89 98627 2.27 98575 1.46 98606 0.87
98662 6.60 98617 3.80 98562 2.27 98571 1.46 98596 0.86
98657 6.53 98558 3.77 98591 2.21 98599 1.44 98565 0.85
98656 6.45 98561 3.72 98582 2.11 98621 1.41 98601 0.82
98607 6.28 98559 3.67 98630 1.99 98551 1.36 98612 0.80
98568 6.25 98580 3.59 98620 1.98 98625 1.25 98666 0.78
98576 6.25 98665 3.55 98658 1.96 98589 1.19 98613 0.77
98566 6.05 98673 3.40 98609 1.96 98623 1.16 98600 0.73
98618 5.48 98588 3.24 98572 1.96 98570 1.15 98611 0.72
98569 5.46 98583 3.21 98659 1.92 98604 1.14 98553 0.65
98664 5.36 98584 3.16 98614 1.87 98674 1.11 98555 0.46
98672 5.06 98587 3.01 98608 1.82 98590 1.10 98554 0.30
98616 5.00 98594 3.01 98605 1.73 98624 1.10 98573 0.16

About Graphite

Natural graphite comes in several forms: flake, amorphous and lump. Graphite has many important new applications including its use in lithium ion batteries, fuel cells and nuclear and solar power that have the potential to significantly increase the demand for this critical element. For instance, there is between 10 and 30 times more graphite required by weight to produce a lithium-ion battery than there is lithium. In addition, the recent discovery of a new material called graphene, which is actually derived from graphite, has also heightened interest. International research is now underway into a number of its potential applications including enhancing the speed and processing power of many modern electronic devices. This has also increased the interest in graphite.

Meanwhile, global consumption of natural graphite has increased from ~600,000 in 2000 to 1.2 MM t in 2012. Demand for graphite has been increasing by approximately 5% per year since 2000 due to the ongoing modernization of China, India and other emerging economies, resulting in strong demand from traditional end uses such as the steel and automotive industries. Of the 1.2 million tons of graphite produced annually, approximately 40% is of the most desirable flake type. China, which produces about 73% of the world's graphite, is seeing production and export growth leveling and export taxes and a licensing system have been instituted. A recent European Commission study regarding the criticality of 41 different materials to the European economy included graphite among the 14 materials high in both economic importance and supply risk (Critical Raw Materials for the EU, July 2010). As a function of these fundamentals, demand for graphite and thereby prices are expected to rise as electric vehicles and lithium battery technology continue to be adopted and while the material performs a greater role in new technology applications. Graphite prices have been increasing in recent months and over the last couple of years and prices for large flake, high purity graphite (80 mesh, 0.2mm, 94-97% Carbon) have more than doubled.

About Canada Strategic Metals

Canada Strategic Metals is an emerging growth company focused on the exploration and development of its large portfolio of graphite projects covering over 60,000 hectares throughout Quebec. With management experience in green technology, and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising portfolio for our shareholders.

*Grab samples are selective by nature and are unlikely to represent the average grade of a deposit.

Jean-Sebastien Lavall�e (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information on the Company, please visit

Jean-S�bastien Lavall�e, P. Geo
President & Chief Executive Officer

Paradox Public Relations

On Behalf of the Board,

"Jean-S�bastien Lavall�e"
President & CEO

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the Company's plans for and intentions with respect to the acquisitions and exploration of the La Loutre Property constitute "forward-looking statements" and "forward-looking information" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain any required government or other regulatory approvals and any required financing to complete the Company's planned exploration activities, that the Company is able to procure equipment and supplies in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to the Company's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, uncertainties involved in the interpretation of drilling results and geological tests, delays in obtaining required permits, government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdowns and bad weather. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Subscribe to RSS feed

Data and Statistics for these countries : Canada | China | India | All
Gold and Silver Prices for these countries : Canada | China | India | All

Strategic Metals Ltd.

ISIN : CA8627582080
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Strategic Metals is a producing silver and gold company based in Canada.

Strategic Metals holds various exploration projects in Canada.

Its main exploration properties are TIDD, LUMINA, EUREKA, BURWASH, IGOR, NORTHERN DANCER, PEDLAR, PTERD and STEEL in Canada.

Strategic Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 50.9 millions as of today (US$ 38.0 millions, € 32.7 millions).

Its stock quote reached its lowest recent point on December 24, 2002 at CA$ 0.06, and its highest recent level on July 15, 2011 at CA$ 4.24.

Strategic Metals has 89 220 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of Strategic Metals Ltd.
7/25/2016Announces Flow-Through Share Private Placement
3/15/2011Announces Closing of $16.25 Million Private Placement
12/5/2007Exercises ATAC Flow Through WarrantsContent-class: urn:conte...
Nominations of Strategic Metals Ltd.
11/6/2013Announces Addition to Board and Appointment of Vice-Presiden...
4/12/2011Appoints Gordon Davis to Board of Directors
Project news of Strategic Metals Ltd.
6/20/2013(Midas Touch)Announces 2013 Exploration Programs at Midas Touch Carlin-Ty...
6/20/2013(Midas Touch)Announces 2013 Exploration Programs at Midas Touch Carlin-Ty...
9/4/2012Canada Strategic Metals Receives Conditional TSXV Approval f...
5/31/2012to Drill Rackla's Scarlet East Project
2/22/2011(Midas Touch)Announces Midas Touch Project Update
8/10/2010Intersects 125.7 m of 50.09 g/t Silver.....
7/26/2010Intersects substantial intervals of mineralization at its Ke...
6/9/2009(Eureka)Announces 2009 Precious Metal Exploration Plans
5/20/2008(Burwash)Options Platinum Group Element Property to Pacific Coast Nic...
8/17/2007(Northern Dancer)Three Drills at Northern DancerContent-class: urn:content-cl...
8/2/2007Buys Former High-Grade Silver and Lead ProducerContent-class...
Corporate news of Strategic Metals Ltd.
8/3/2016Strategic Metals Ltd. exposed 570 g/t silver over 6.4 m at i...
7/28/2016Strategic Metals Ltd. reports more high grade assays from it...
7/27/2016Strategic Metals Ltd. Sells Lithium Property to Equitorial E...
7/25/2016Strategic Metals Ltd. Announces Flow-Through Share Private P...
6/13/2016Strategic Metals Ltd. Announces Phase I Exploration about to...
5/17/2016Strategic Metals Ltd. completes $600,000 Financing
5/13/2016Strategic Metals Ltd. Announces Flow-Through Share Private P...
5/10/2016Strategic Metals Ltd. Announces 2016 Exploration Plans for P...
9/30/2015Strategic Metals announces chip sample grading 60 g/t gold o...
8/6/2015Strategic Metals Ltd. Discovers Gold-Rich Skarn Horizon at H...
7/14/2015Strategic Metals Ltd. Announces Property Exchange Agreement ...
3/26/2015Strategic Metals Ltd. Announces Acquisition Of Additional Sh...
3/26/2015Announces Acquisition of Additional Shares of Rockhaven Reso...
7/8/2014Strategic Metals Ltd. Announces Board Approval of a New Shar...
11/5/2013Outlines Nine Square Kilometre Copper-Gold Skarn-Porphyry Ta...
4/9/2013adopts advance notice policy for director nominations
3/26/2013Canada Strategic Metals (TSX CJC.V)
1/17/2013Announces the Granting and Re-Pricing of Incentive Stock Opt...
1/17/2013Announces the Granting and Re-Pricing of Incentive Stock Opt...
11/8/2012Canada Strategic Metals Completes Non-Brokered Private Place...
11/5/2012Canada Strategic Metals Announces Election of Board of Direc...
10/9/2012Canada Strategic Metals Arranges Non-Brokered Private Placem...
9/19/2012Canada Strategic Metals Engages Paradox Public Relations Inc...
9/14/2012Announces Early Warning Report Filing Regarding Its Sharehol...
8/3/2012To Sell Royalty Interests For US$30 Million With Provisional...
2/2/2012We invite you to view the February 2012 Edition of the Criti...
1/4/2012Announces Board Approval of a Shareholder Rights Plan and th...
8/9/2011announces completion of Plan of Arrangement
7/19/2011Announces Shareholder Approval of Plan of Arrangement And Se...
7/12/2011(Midas Touch)Provides Update at Its Midas Touch and Silver Range Projects
6/24/2011Announces Access to Proxy Materials as a Result of the Disru...
6/13/2011(Silver Range)to Hold Special General Meeting on July 15, 2011 to Approve ...
5/20/2011Announces the Granting of Incentive Stock Options
2/24/2011Announces $16.25 Million Private Placement
6/24/2010begins drilling on porphyry projects
6/15/2010Announces Multiple Farm-Out Agreements
5/3/2010Announces Large Gold Property Acquisitions
1/14/2010to drill nine properties in 2010
11/26/2009Normal Course Issuer Bid
7/28/2009Amends Warrant terms
2/18/2009Gold Discoveries
11/22/2008Announces New Normal Course Issuer Bid
6/27/2008announces Shareholder Approval for and anticipated Completio...
6/19/2008Revisits Largo Agreement and Provides Update on Optioned Pro...
6/11/2008Options-Out Five More Properties
6/3/2008Exploration Overview
4/29/2008 to Distribute 1 Share and 1 $0.25 2 year Warrant for every...
2/1/2008Announces New CFOContent-class: urn:content-classes:message
1/4/2008Announces Normal Issuer Bid for 2,000,000 shares
9/18/2007Options properties to Mega Silver Inc.Content-class: urn:con...
8/15/2007Closes PP with Lundin Family Content-class: urn:content-clas...
8/7/2007 Farms Out Eureka Gold PropertyContent-class: urn:content-cl...
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.570
09/28 15:39 0.010
Prev close Open
0.560 0.560
Low High
0.560 0.560
Year l/h YTD var.
0.250 -  0.780 18.75%
52 week l/h 52 week var.
0.250 -  0.780 9.62%
Volume 1 month var.
18,705 -13.64%
24hGold TrendPower© : -3
Explores for Copper - Gold - Molybdenum - Nickel - Palladium - Platinum - Silver - Tungsten - Uranium
Interactive chart Add to compare
Print Compare Export
Last updated on : 1/12/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 5.13+0.20%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.37-1.25%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.14-2.73%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 1.26+0.00%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 2.30+2.68%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.04+0.00%Trend Power :
Closes Bridge Loan Financing
CA$ 3.07+1.32%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.06-8.38%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.14+3.85%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.14-6.67%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.84+1.07%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 10.94-1.44%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.04-10.64%Trend Power :