Stratabound Minerals Corp. Receives NI 43-101 Technical Report Recommending Two-Phase Exploration Program for Golden Culvert and Little Hyland Gold Properties in the Watson Lake District, Yukon Territory, Canada
Stratabound Minerals Corp. Receives NI 43-101 Technical Report
Recommending Two-Phase Exploration Program for Golden Culvert and Little
Hyland Gold Properties in the Watson Lake District, Yukon Territory, Canada
CALGARY, Alberta, Feb. 13, 2018 -- Stratabound Minerals Corp. (TSX-V:SB) (“Stratabound” or “the Company”) is pleased to
announce that it has received an independent NI 43-101 technical report for the Golden Culvert and Little Hyland properties,
(the “Property”) the Company currently has under option in the Yukon.
The report was prepared by Marty Huber, P.Geo., of Breakaway Exploration Management (the “Author”) following the
acquisition of the options on both projects by Stratabound from South Shore Partnership, Inc. in December 2017 (see
Stratabound press release dated December 18, 2017). The NI 43-101 report has been filed on SEDAR and is posted on the
Company’s web site www.stratabound.com.
The Author of the NI 43-101 report confirms that the Property features a 3 kilometre by 250 metre, +30 ppb Au up to 791 ppb
Au, gold-in-soil anomaly that remains open at both ends. The soil anomaly is centred around the partially exposed Golden
Culvert showing that consists of primary gold-bearing quartz veins and complimentary gold-bearing quartz vein stockwork
within a larger silicified, altered, sulphide and gold-bearing wallrock. Historical grab samples from the quartz-carbonate veins
have returned values no less than 7.7gpt Au and up to 22.8gpt Au in quartz veins across 1m wide and up to 2.58gpt Au in the
wall rock phyllites. The report states, “It is rare to find such a large-sized, road accessible project in the Yukon that has never
been trenched or drilled. It is even more exceptional given that it lies only 20km north of and within similar geology as an
advanced, high grade gold property such as Golden Predator Mining Corp.’s 3 Aces gold project.” Stratabound is primarily
exploring for orogenic or lode-type gold mineralization similar to the vein-hosted gold mineralization found within Hyland Group
sediments at Golden Predator Mining Corp.’s 3 Aces project, located 20km south of the Property, and at Goldstrike
Resources Ltd.’s Plateau project located 315km northwest of the Property, all located in the Selwyn Basin of the eastern
Yukon Territory.
Based on the general prospective nature of the underlying Hyland Group rocks, the veracity of previous gold results and the
range and tenor of soil geochemical anomalies on the Property, the relatively good infrastructure, the large size of the mineral
claim package, the long strike extent of potential gold-bearing structures, and the local presence of the well-known 3 Aces
project, it is the Author’s opinion that the Property is of significant merit, and that the Author strongly recommends that an
aggressive exploration program be pursued.
R. Kim Tyler, President and CEO of Stratabound, commented, “The Technical Report summarizing all current and historical
work and acknowledgment of significant merit by the Author on the Properties strongly supports our own assessment that we
have excellent potential for similar exploration successes as those enjoyed by our neighbours at 3 Aces and elsewhere in the
developing Hyland-Selwyn Basin Gold District. We look forward to executing on the recommended exploration programs as
soon as possible. With the receipt of the Technical Report the Company will now direct itself towards completing the financing
required to undertake these exploration programs.”
“It is indeed a rare opportunity to have such a large gold project in the Yukon, or any other prospective gold exploration district
for that matter, that is located so close to a road, has returned significant gold values on surface exposures, and has never
been drilled.”
The report recommends a two-phase exploration program commencing this summer of 2018. A proposed first year Phase 1
program totaling $842,375 with a follow-up Phase 2 program in the second year totaling $1,782,500 are recommended at a
total estimated cost of $2,624,875 over the two years.
The proposed Phase 1 program will consist primarily of upgrading the existing ATV trail to 4x4 vehicle accessible road,
trenching, and 600 metres of diamond core drilling below the main showing to test the vertical and strike extent of the
mineralization. Also included in Phase 1 are geological mapping, soil geochemical sampling, prospecting, and a Lidar
topographic survey over the entire Property. The recommended Phase 2 program would consist of 2,000 metres of additional
core drilling at targets identified in Phase 1; as well as continued geological mapping, soil geochemical sampling, and
prospecting.
The Golden Culvert property is fully permitted under a 10-year Class 3 Land Use Approval until November 16, 2026 which
allows for a camp, fuel storage, road and trail building, clearing, trenching, drilling, all forms of sampling and up to a 10,000
tonne bulk sample. The Little Hyland property will initially operate under a Class 1 program until a Class 3 permit is obtained.
The Golden Culvert and Little Hyland exploration programs will be conducted under the supervision of Mr. R. Kim Tyler,
P.Geo., President and CEO of Stratabound. Mr. Tyler is a “Qualified Person” for the purpose of NI 43-101 and has reviewed
and approved the contents of this news release.
About the Golden Culvert and Little Hyland Properties
Golden Culvert and Little Hyland cover 83.8 square kilometres across a 24-kilometre strike located approximately 20
kilometres northeast of and parallel to Golden Predator Mining Corp.’s 3 Aces property. Work filed in Yukon mineral claims
assessment reports has outlined a northerly trending, 3 kilometre by 250 metre, +30 ppb Au up to 791 ppb Au gold-in-soil
anomaly that remains open at both ends. The soil anomaly is centred around partially exposed primary gold-bearing quartz
veins grading between 7.7 to 22.8 gpt gold over 1 metre and complimentary gold-bearing quartz vein stockwork within a larger
silicified, altered, sulphide and gold-bearing wallrock grading up to 2.27 gpt gold over 0.5 metre.
To date a total of $564,400 of work has been done on the Property, including 3,645 soil samples, 48 stream samples, 239
rock samples, 19.4 line-km of ground magnetic survey and 18.5 line-km of VLF survey.
About Stratabound
Stratabound Minerals Corp. is a Canadian exploration and development company focused on the Yukon Territory and to a
lesser extent the Bathurst Mining Camp in New Brunswick. Stratabound has a portfolio of quality properties including:
1. The Golden Culvert gold-silver property in the southeast Yukon.
2. The Little Hyland gold-silver property in the southeast Yukon.
3. The Captain copper-cobalt property in the Bathurst area of New Brunswick.
4. The CNE base metal property in the Bathurst area of New Brunswick.
5. The Taylor Brook base metal property in the Bathurst area of New Brunswick (currently under option to Bandera Gold
Ltd.).
Stratabound management also has a diversified track record of exploration, development and operating successes that
includes the Kemess mine in British Columbia; the Colomac mine in the Northwest Territories; the Nighthawk Lake mine in
Timmins, Ontario; the Matachewan mine in Ontario; the Pine Point project in the Northwest Territories; rescuing the Caribou
mine in New Brunswick from an insolvency auction; Olympic Dam mine in Australia, the Siguiri gold project in Guinea; Norilsk
Nickel’s projects in Siberia and Western Australia; and Vale and Rio Tinto Minerals in North America.
For further information, please see the Golden Culvert presentation and the NI 43-101 technical report on the Stratabound web
site, www.stratabound.com.
For further information contact:
R. Kim Tyler, President and CEO
416-915-4157
www.stratabound.com
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.