CMC Metals Ltd. Acquires 80% Interest in Blue Heaven Property, Yukon

Vancouver-based CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) has finalized its acquisition of an 80% stake in the Blue Heaven Property in Yukon, Canada. The deal, made with Strategic Metals Ltd., involved a final payment of 5,000,000 common shares at $0.03 per share, post a four-month hold period. Blue Heaven spans 118 claims covering 1,975 hectares and adjoins the company’s Silver Hart Project.

The property features 13 mineralized areas and 36 showings, with notable results in 2022 at the Golden Cross Zone. This included 8.0 meters grading 13.39% lead, 1.57% zinc, 359.25 g/t silver, and 1.17% manganese. Additional promising samples indicated the potential for high-grade silver-lead-zinc mineralization.

A bulk sample from 1999 also showed significant mineral content: 8,563 g/t silver, 56.2% lead, and 9.5% zinc. An airborne electromagnetic survey in 2021 pinpointed four new areas of exploration interest. Permit applications for further exploration are currently under review.

CMC Metals aims to further investigate and evaluate these findings to confirm the mineralization potential. The company notes the strategic significance of owning a substantial interest in the prospective carbonate belt, covering over four kilometers.