Strategic Metals Ltd. reported results from a recently completed reinterpretation of geological, geophysical and geochemical data from its wholly owned CD Project (CD or the Project), in southwestern Yukon. The Project lies within the Dawson Range Gold Belt, a metallogenic province that hosts several major deposits including Western Copper and Gold Corporation's Casino porphyry copper-gold deposit, 85 km to the northwest; Newmont Corporation's Coffee gold deposit, 120 km to the northwest; and Rockhaven Resources' Klaza epithermal gold- silver deposit, 20 km to the east. Mineralization in the belt is commonly associated with Late Cretaceous intrusions ­ particularly small plugs and breccia bodies of the Late Cretaceous Casino Suite.

At CD, porphyry-style veining and alteration have been identified in an area underlain by a quartz diorite porphyry stock and breccia body of Late Cretaceous age, which is expressed on surface by a 1,200 m by 400 m area of highly anomalous gold- (up to 1,270 ppb) and copper-in-soil (up to 1,485 ppm) geochemistry. This very strong geochemical anomaly lies within an elongated, east-west oriented magnetic feature. Recent 3D reinterpretation of magnetic and induced polarization geophysical data demonstrates that a conspicuous magnetic high in eastern part of the anomaly coincides with a resistivity low, flanked by chargeability highs.

These geophysical features, which are situated at shallow depths, are characteristic of chargeable sulphide minerals around a porphyry core. The project area covers moderate rolling hills and lies within a variably glaciated area of the Yukon, at the margin of the unglaciated Yukon Plateau.