Strategic Metals Regains 100% Interest in the Hopper Copper-Gold Project and Converts NAD Property to NSR Royalty

• Significant porphyry copper mineralization over a 2.3 km by 650 m area is largely untested by drilling; gold-enriched skarn mineralization remains open along strike and down-dip in multiple horizons
• 2022 drill results of 1.87% copper and 1.04 g/t gold over 15.27 m from the Copper Castle skarn target and 0.22% copper over 114.38 m from the Hopkins North porphyry target
• Road-accessible and permitted for a large drill program; the Hopper Project lies 22 km north of the Otter Falls hydroelectric generator and only 320 km from the deep sea port of Haines, Alaska

VANCOUVER, BC / ACCESSWIRE / May 16, 2024 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic") reports that it has terminated the Option Agreement (the "Agreement") on the Hopper copper-gold project ("Hopper" or the "Project") with Alpha Copper Corp. (CSE:ALCU). Upon termination, Strategic regains full ownership of the Project, without any underlying royalty interest.

The Project consists of 365 mineral claims covering a 74 km² area in southern Yukon, within the Traditional Territory of the Champagne and Aishihik First Nations. Exploration targets at Hopper, which covers a copper-gold porphyry and skarn system, are fully permitted and accessible via a network of roads and trails.

Hopper Highlights

Hopper 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, located 190 km to the north-northwest (Figure 1). Mineral occurrences on the property, which collectively make up the Hopkins North porphyry target and the Copper Castle skarn target, are associated with a 4 by 6 km intrusion referred to as the Hopper Pluton (Figure 2). Dating of the pluton has yielded a Late Cretaceous age that is consistent with most mineralization along the belt, including the Casino deposit.

The Copper Castle target covers at least 10, stacked skarn horizons that are partially delineated along a 1,200 m strike length south of the Hopper Pluton. The mineralized horizon are layered throughout a known vertical section approximately 425 m thick. The skarns have been only partially delineated by trenching, percussion and diamond drilling, soil geochemistry and geophysical surveying, and remains open down dip and along strike to the south. Recent drill results from the Copper Castle target include 1.41% copper and 0.532 g/t gold over 22.28 m from HOP21-01 and 1.87% copper and 1.04 g/t gold over 15.27 m from HOP22-03. Additional drill highlights from the Copper Castle target are tabulated below.