StrategX Expands Nagvaak Critical Metals and Graphite Discovery with 45.6m Drill Core Interval
Vancouver, Canada, March 21, 2024 - StrategX Elements Corp. (CSE: STGX) (“StrategX” or the “Company”) reports a 45.6-metre drill core interval within the identified 6-kilometre mineralized corridor rich in critical metals, which shows great potential in all directions. This interval is located 4 kilometres from the initial discovery drill hole which returned 58 metres of 2.63% copper equivalent as detailed in our previous press release (click here to view). Furthermore, preliminary results have returned significant high-grade graphite >20% Cg, much higher than typically observed in other graphite deposits in North America.
Exploration Highlights
A significant drill core interval of 45.6m returns 0.41% vanadium pentoxide, 0.26% nickel, 0.14% copper, 0.035% molybdenum, 8.3 g/t silver, 0.10 g/t gold+PGE, and 0.36% zinc.
Noteworthy assay values up to 0.59% vanadium pentoxide, 0.54% nickel, 0.31% copper, 0.054% molybdenum, 14.2 g/t silver, 0.27 g/t gold+PGE, and 3.65% zinc.
Potential economic importance of graphite discovery realized.
High-quality graphite in drill core from 15.4m to 41.0m with grades reaching up to 34.9% Cg.
Large tonnage potential exceeding >100Mt in both critical metals and graphite.
Nagvaak Critical Metals + Graphite Discovery
Critical Metals
StrategX continued the program of sampling the historical diamond drill core completed by BHP. The recently sampled drill hole DDH#17 is located 4 kilometres east of the first drill core results from DDH#14 (see Figure 1), which returned 58 metres of 2.63% copper equivalent. DDH#17 returned 45.6 metres of 0.41% V2O5, 0.26% Ni, 0.14% Cu, 0.035% Mo, 8.3 g/t Ag, 0.10 g/t Au+PGE, and 0.36% Zn (See Figure 2). These positive drill core results occur below highly anomalous surface rock samples taken from mineralized gossans (see Photo 1) and correlate well with the geophysical anomalies highlighted in Figure 1.
Figure 1 – Nagvaak Target Map showing location of DDH#17
Figure 2 – Critical Metals & Graphite Grade Profiles for DDH#17
Photo 1 – Mineralized gossan looking westward near DDH#17 toward historical drilling DDH #1 & 2, and further west DDH #14
Nagvaak Graphite
The preliminary graphite results returned impressive grades up to 34.9% Cg with a significant portion of samples grading over 20% Cg. The results are some of the highest grades reported in North America and rank high with the world’s graphite deposits and mines (see Figure 3).
Figure 3 - World’s richest graphite ore deposits. Deposits ranked by % Carbon content.
Furthermore, the characteristics of the recently analyzed graphite in the core are comparable to the results previously announced in a press release (click here to view). Below are photos of the core in DDH#17 and the link to the table of assay results (click here to view).
Click to Enlarge Image
Qualified Person & QA/QC
The geological and technical data contained in this press release was reviewed and approved by Gary Wong, P. Eng., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About StrategX
StrategX is a new Canadian-based exploration company on a mission to make discoveries in critical energy metals in northern Canada and contribute towards a sustainable energy economy. The Company’s property portfolio of 5 stand-alone projects is situated on the East Arm of the Great Slave Lake, Northwest Territories and the Melville Peninsula, Nunavut. The Company’s first-mover land position in underexplored regions provides a unique opportunity for investors to be part of multiple discoveries and the creation of new districts hosting metals required in the transition towards green energy. Click here to check out our: 30-second video clip on StrategX.
On Behalf of the Board of Directors
Darren G. Bahrey
CEO, President & Director
For further information, please contact:
StrategX Elements Corp.
Email: info@strategXcorp.com
Phone: 778-231-2767 (toll-free)
For further information about the Company, please visit our website at www.strategXcorp.com
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
