Stratabound Announces Change of Name to Lode Gold Resources Inc.
Stratabound Announces Change of Name to
Lode Gold Resources Inc.
Toronto, Ontario--(Newsfile Corp. - January 19, 2024) -
Stratabound Minerals Corp. (TSXV: SB)
(OTCQB: SBMIF)
("Stratabound" or the "Company") announces that the Company has changed its
name to Lode Gold Resources Inc. as part of its ongoing growth and restructuring plans. To further
unlock value, the Company is contemplating a spin out of one or more of its orogenic exploration gold
assets into a new company, Gold Orogen.
New corporate websites are currently under construction, with
the new domains
www.lode-gold.com
and
www.goldorogen.com
, respectively.
Trading of the Company's common shares will remain on the TSX Venture Exchange, with the new
trading symbol "LOD".
The Company anticipates that the name and symbol change will take effect on
Tuesday, January 23, 2024.
Shareholders will not be required to take any action in connection with the name change. Issued
certificates representing common shares of the Company will not be affected by the name change and
will not need to be exchanged. Following the name change, the new CUSIP number assigned to the
Company's common shares will be 540196102 and the new ISIN number will be CA5401961027.
There is no consolidation of capital associated with the name change. The name change does not affect
the rights of the Company's shareholders. The Company encourages shareholders to contact their
broker with any questions regarding the name change.
ABOUT STRATABOUND MINERALS
Stratabound Minerals Corp. is a Canadian exploration and development company with grassroots
and advanced exploration properties in highly prospective and safe mining jurisdictions.
Its Golden Culvert and Win Projects, Yukon, covering 99.5 km
2
across a 27-km strike length,
are situated in a district-scale, high-grade-gold-mineralized trend within the southern portion of
the
Tombstone Gold Belt
. Gold deposits and occurrences within the Belt include Fort Knox, Pogo,
Brewery Creek and Dublin Gulch, and Snowline Gold's Valley target on its Rogue property in the Selwyn
Basin.
Its
McIntyre Brook Project, New Brunswick, covering 120 km
2
and a 17-km strike length in the
emerging Triple Fault Gold Belt
, is surrounded by Puma Exploration's Williams Brook Project (5.55
g/t Au over 50m) and is hosted by orogenic rocks of similar age and structure as New Found Gold's
Queensway Project.
The Company is also advancing its
Fremont Gold development project in the historic Mother Lode
Gold Belt of California where 50,000,000 oz of gold has been produced.
Fremont, located 500km
north of Equinox Gold's Castle Mountain and Mesquite mines, has a PEA with an after-tax NPV of USD
$217MM, a 21% IRR, 11-year LOM, averaging 118k ounces per annum at USD $1,750 gold. The project
hosts an NI 43-101 resource of 1.16 MMoz at 1.90 g/t Au within 19.0 MMt Indicated, and 2.02 MMoz at
2.22 g/t Au within 28.3 MMt Inferred.
The MRE evaluates only 1.4 km of the 4 km strike length of
the Fremont property that features 4 gold-mineralized zones.
Significantly, three step-out holes
at depth hit structure, typical of orogenic deposits that often occur at depth
.
Fremont is located
on private land
in Mariposa, the original gold rush county and is 1.5 hours from Fresno,
California
. The property has year-round road access and is close to airports and rail. Please refer to the
Fremont Gold project PEA dated Apr. 4, 2023 under NI 43-101 guidelines. The technical report has
been reviewed and approved by independent "Qualified Persons" Eugene Puritch, P.Eng., FEC, CET,
and Andrew Bradfield, P.Eng. both of P&E, and Travis Manning, P.E. of KCA.
The Company also holds a pipeline of early-stage exploration projects including the critical mineral
Captain Cobalt-Copper-Gold Deposit in New Brunswick and the Dingman Gold Project, Ontario.
QUALIFIED PERSON STATEMENT
The scientific and technical information contained in this press release has been reviewed and approved
by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a
"qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101").
For more information, please visit the Company's website at
www.stratabound.com
or contact:
Gary Nassif
Kevin Shum
Senior Vice President, Director
Investor Relations
+1 (416) 915-4157
+1 (647) 725-3888 ext 702
Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
WARNING:
The Company relies upon litigation protection for "forward-looking" statements. The
information in this release may contain forward-looking information under applicable securities laws.
This forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those implied by the forward-looking information.
Factors that may cause actual results to vary materially include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of mineral deposits, currency fluctuations,
unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain
regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits,
changes in general economic conditions or conditions in the financial markets and the inability to raise
additional financing. Readers are cautioned not to place undue reliance on this forward-looking
information. The Company does not assume the obligation to revise or update this forward-looking
information after the date of this release or to revise such information to reflect the occurrence of future
unanticipated events, except as may be required under applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/194914