StrategX Elements Corp. introduced the first of its properties located on the East Arm of the Great Slave Lake, 235km east of Yellowknife, Northwest Territories. The 939 Cobalt project is a grassroots discovery made in 2018 through StrategX's generative efforts in the region.

The Company is currently prioritizing targets to complete a 1st phase discovery drill program which will commence upon receiving permits. The 939 Cobalt property comprises 6,700 hectares of claims and includes a much larger prospecting permit area. Permits are different from claims in that they are less expensive to maintain and allow the operator several years to reduce and select the areas of interest.

The Company's focus to date has been on its claims which center in an area known as Misty Lake located 18 km north of the East Arm of the Great Slave Lake. StrategX completed a regional-scale surface sampling program including lake sediment, till and rock samples. Previous surface sampling programs were carried out by Kennecott during the 1990's and by the Geological Survey of Canada showing the presence of anomalous cobalt in lake sediment and till samples.

StrategX's generative team focused on determining the source of these elevated cobalt values by prospecting up-ice from where the high cobalt samples were found. One of StrategX's initial lake sediment samples returned a very high value of 939 ppm cobalt (hence the project name). This led to identifying a large, km-scale target area in Misty Lake located approximately 5 km to the northeast of the 939 ppm cobalt anomaly.

StrategX plans to expand on its previous exploration over the next few months at Misty Lake. This work will include utilizing innovative technologies to prioritize the location of drill holes for the first phase of discovery drilling. The Company has applied for a Land Use Permit for drilling in 2022.