Strategic Metals Grants Option for Yukon Copper-Gold Property

Vancouver-based Strategic Metals Ltd. has announced an agreement with GT Resources Inc. for the staged option of the CD copper-gold porphyry property in Yukon. This property is located in the Dawson Range Gold Belt, sharing geological features with significant deposits like the Casino deposit. Recent findings include high levels of copper, gold, and molybdenum in soil anomalies, yet to be drill-tested.

GT Resources can acquire up to 75% interest in the property by fulfilling certain financial and operational commitments by the end of 2030. Their initial 60% interest requires payments and expenditures totaling over $10 million. A further 15% can be obtained through an additional payment.

Once the criteria are met, a joint venture will be formed to further explore and develop the CD property. This agreement is pending approval from the TSX Venture Exchange.