CAT Strategic Metals Corporation announces an update to the previously reported the completion of an airborne mag-EM geophysical survey in July, 2022 over portions of its South Preston Uranium Project in Canada's prolific Athabasca Basin. Although very little exploration has been carried out on the property, historical and recent exploration in the surrounding area have outlined features that are summarized. Airborne geophysical surveying identified areas of high background radioactivity in western areas of the property and NE-striking conductors were located to the north and trending towards the CAT property. On-going exploration by Azincourt Energy Corp. ("Azincour or AAZ") has identified conductive corridors which have recently been drilled and have been shown to contain sheared, graphitic basement rocks that are commonly the host for uranium deposits elsewhere in the Athabasca Basin. CAT's airborne EM and mag survey in the `Western Block' identified a series of NE-trending conductors, some of which are on-strike with the graphitic conductors currently being drilled by Azincourt on its adjacent property to the north. Another zone of interest surveyed as the `Eastern Block' is located in the general vicinity of surface uranium mineralization reported by Denison Mines in 1970. CAT's exploration is carried out under the management of Watts, Griffis and McOuat Ltd. ("WGM") which commented: On September 22nd, 2022, CAT announced the completion of bio-geochemical exploration and geological prospecting over conductive zones during the month of August for which analytical data was received in early February. Follow-up exploration consisted of the geochemical sampling of black spruce (Picea mariana)
twigs, and in the absence of black spruce, jackpine (Pnus banksiana) twigs were sampled as both have been shown to concentrate uranium to a similar degree over the Key Lake orebody1. As shown in Figures 3 and 4, CAT's samples were collected on parallel profiles with stations at 25 m intervals over the centre of a conductor, 50 m intervals on the shoulders of a conductor and at 100 m intervals in areas marginal to a conductor. Profiles were spaced at 150 to 200 m intervals along the conductor axis. A total of 38 profiles were sampled, ranging from 500 to 1,000 metres in length, and on which 718 samples were collected. Studies have demonstrated that black spruce and jackpine can be used together as effective biogeochemical collectors of uranium.