Montreal, Quebec–(Newsfile Corp. – May 1, 2024) – Canadian Metals Inc. (CSE: CME) (“CME” or “the Company”) is pleased to report the 2023 exploration program results and upcoming exploration plans on multiple properties located in New Brunswick, Canada near the prolific Bathurst Mining Camp where VMS style deposits were mined between 1957 and 2013; for a historical production of approximately 179 Mt, with an average grade of 3.12% lead (Pb), 7.91% zinc (Zn), 0.47% copper (Cu), and 93.9 g/t silver (Ag) [1]. See Figure 1 for a map of CME’s properties in the Bathurst Mining Camp.

2023 Exploration Program Highlights:

Goldstrike Drill results

DDH GS-23-04 testing the Clarinda Extension showing at Goldstrike returned 1.19 g/t gold (Au) over 10.2 m including 3.0 g/t Au over 3.3 m starting at 125.0 m.

DDH GS-23-01 drilled downdip of GS-23-04 returned 1.10 g/t over 4.7 m starting at 158.0 m.

DDH GS-23-03 testing another zone at the Clarinda Extension showing returned 0.56 g/t Au over 22.5 m starting at 9.0 m, including 3.0 g/t Au over 1.0 m, and 1.95 g/t Au over 2.0 m.

Mountain Brook Drill Results

DDH MB-23-06 testing the historical VMS showing at the Mountain Brook property returned 30.5 m of 0.63% Zn including 4.0 m of 1.69% Zn, 0.15% Pb, and 0.16% Cu.

All the drillholes testing the historical VMS showing along strike of MB-23-06 returned anomalous results.

Data Compilation and 3D Modelling Leads to New Targets Across Multiple Properties

A number of high-resolution drone magnetic surveys were completed on the Goldstrike, Mountain Brook, and SEDEX properties totaling 1,739-line km. CME is presently completing 3D inversions and modeling work utilizing the new high-resolution data.

A new 3D interpretation of the Nicholas-Denys property utilizing the massive datasets collected by previous operators is in progress. Preliminary visualization identified a number of key areas for testing that represent both regional explorational targets and near deposit resource growth targets.

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https://canadian-metals.com/canadian-metals-reports-2023-exploration-results-and-announces-2024-exploration-plan/