Stratabound Reports 10.51 g/t Au over 6.8m at Golden
Stratabound Reports 10.51 g/t Au over 6.8m at
Golden Culvert, Yukon Territory, Including 34.8
g/t Au over 1.8m
Highlights:
All six holes reported intercept gold-mineralized quartz vein and breccia structures.
Best intercept in hole GC20-16 yields 34.8 g/t Au over 1.8m quartz vein including 86.6 g/t
Au over 0.6m down-hole.
Total intercept (both vein and wall-rock halo) yields 10.51 g/t Au over 6.8m down-hole.
Hole GC20-15 collars immediately into high-grade gold mineralization of 10.2 g/t Au over
0.7m at bedrock surface.
Toronto, Ontario--(Newsfile Corp. - March 30, 2021) -
Stratabound Minerals Corp. (TSXV: SB)
(OTCQB: SBMIF)
("Stratabound" or the "Company") is pleased to report the final diamond drill results
received from its 2020 drill program at its flagship Golden Culvert Project in the southeastern Yukon
Territory.
The six holes reported in this release (GC20-11 to GC20-16) are definition in-fill holes at approximately
50m intervals between previously wider-spaced drilling on approximate 200m sections. The location of
the drill holes and assay results are presented below in Figure 1 and Table 1, respectively.
All six holes
intercepted gold-mineralized quartz vein and breccia structures yielding between 0.36 g/t Au over 12.1m
in GC20-13 and 86.6 g/t Au over 0.6m in GC20-16 down-hole.
Hole GC20-15 intercepted a high-grade
interval of 10.2 g/t Au over 0.7m immediately in bedrock at 4.3m below the overburden surface.
Mr. R. Kim Tyler, President and CEO of the Company commented, "Though still at an early stage, these
results continue to confirm multiple, parallel gold-bearing quartz vein and breccia structures constituted of
higher-grade cores within lower-grade wall-rock halos. Results continue to yield significant gold values in
all the known mineralized gold-bearing structures encountered to date.
The abundance of high-grade
surface samples collected in float-trains reported on November 17, 2020 that included 93 samples up to
320 g/t Au, averaging 13.27 g/t Au over 670m of strike across an 100m width, (Figure 1), overlie and are
sourced proximal to this latest drilling area.
We remain encouraged to definitively pin down that source.
Our next objective is the compilation, interpretation and 3D modeling of all results to date to evaluate
plunges, shoots or other criteria that may further control the higher-grade gold grade distribution in the
larger system."
He further added, "The Golden Culvert and near-by parallel 3 Aces high-grade gold occurrence, (5,401
g/t Au discovery in 2003), occur in a new evolving Hyland gold district in the
eastern
Yukon that has seen
very little exploration activity as compared to the parallel White Gold District in the
western
Yukon.
The
Golden Culvert/3 Aces properties also lie in the prolific Tintina Gold Belt within rocks of similar
geological terrane, age and deposit type that host the Cariboo gold District, (e.g., Barkerville), in
eastern
British Columbia and the Fairbanks Gold District, (e.g., Pogo), of
eastern
Alaska in a gap thousands of
kilometres to the south and north respectively that, despite similar excellent prospectivity, have likewise
seen very little comparative exploration activity."
The finalized holes, together with 24 surface trenches reported in previous exploration programs, have
intersected and outlined a 970-metre-long by 130-metre-wide mineralized corridor containing multiple
parallel gold-bearing structures.
Figure 1.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4064/78875_8b819b44146d88be_002full.jpg
Diamond Drill
Hole
UTM NAD 83
Northing
UTM NAD 83
Easting
Azimuth
(deg)
Dip
(deg)
From:
(m)
To:
(m)
Down-hole
Length:
Au
g/t:
GC20-01
6868859
531038
51
-45
21.0
39.0
18.0
0.64
includes:
29.0
33.2
4.2
1.24
and
98.0
105.5
7.5
2.47
includes:
101.5
103.1
1.6
10.31
GC20-02
6868745
531077
40
-45
49.5
74.0
24.5
0.30
includes:
55.4
57.6
2.2
1.15
and
165.0
175.5
10.5
0.36
and
251.6
255.0
3.4
0.66
and
292.5
294.0
1.5
4.83
GC20-03
6868937
531016
37
-46
84.9
94.0
9.1
1.10
includes:
88.7
90.3
1.6
3.55
GC20-04
6868430
531551
70
-45
80.5
90.0
9.5
0.54
and
147.8
151.7
3.9
0.22
GC20-05
6868936
531015
220
-45
27.6
33.0
5.4
0.28
and
44.8
50.8
6.0
0.59
GC20-06
6868901
531025
35
-45
64.5
65.0
0.5
5.36
GC20-07
6868900
531023
220
-45
9.0
16.7
7.7
0.62
GC20-08
6868900
531057
40
-45
80.8
81.7
0.9
3.95
and
99.0
101.3
2.3
0.80
GC20-09
6868533
531575
200
-45
48.5
54.0
5.5
0.37
GC20-09B
6868533
531575
200
-55
172.3
174.0
1.7
1.80
and
223.5
224.7
1.2
1.03
GC20-10
6868755
531148
40
-45
7.3
8.0
0.7
5.80
and
29.0
34.1
5.1
0.55
and
74.8
76.9
2.1
2.43
and
107.2
110.2
3.0
0.81
GC20-11
6868796
531246
45
-45
4.0
18.5
14.5
0.73
GC20-12
6868704
531392
225
-45
8.6
10.5
1.9
1.05
and
128.0
135.0
7.0
1.20
includes:
130.4
133.0
2.6
2.21
GC20-13
6868822
531286
225
-54
20.9
21.4
0.5
12.1
and
182.9
195.0
12.1
0.36
GC20-14
6868701
531304
220
-45
36.3
43.0
6.7
0.41
GC20-15
6868730
531196
44
-54
6.3
22.7
16.4
0.88
includes:
6.3
7.0
0.7
10.20
GC20-16
6868702
531305
40
-60
110.3
117.1
6.8
10.51
includes:
111.1
112.9
1.8
34.80
includes:
111.1
111.7
0.6
86.60
Table 1.
*(Intercepts are reported down-hole as true widths are unknown at this time.)
Quality Assurance/Quality Control
The samples referenced in this press release were collected and hand-delivered by Stratabound
personnel to the ALS Canada laboratory in Whitehorse, YT where they were crushed to 70% less than
2mm.
A riffle split of 250 grams was then taken and pulverized to an 85% passing 75 microns pulp sub-
sample. The pulps were then shipped by ALS Canada to its Vancouver laboratory for gold and multi-
element analyses. The ME-AA26 gold assaying procedure used is a standard fire assay with AA finish
technique on a 50-gram sub-sample taken from the 250-gram pulp split. Samples that exceeded the 100
g/t Au upper detection limit of this method were re-assayed by the Au-GRA22 Ore Grade procedure,
with a 50-gram pulp fire assay and gravimetric finish.
The samples were also tested for 51 other elements using the ME-MS41 Ultra Trace Aqua Regia ICP-
MS method. ALS uses a procedure of standards, blanks and duplicates inserted into the sample stream
for which all fell within satisfactory confidence limits.
ALS is an independent internationally recognized
and ISO/IEC 17025:2017 accredited chemical analysis company.
In addition to the quality assurance and quality control program performed by ALS, Stratabound
personnel insert lab-certified standards and field blanks into the sample stream at the rate of one QA/QC
sample for every 15 samples and maintain a program of duplicate sampling.
About Stratabound Minerals Corp.
Stratabound Minerals Corp. is a well-funded Canadian exploration and development company focused
on gold exploration at its flagship Golden Culvert Project, Yukon Territory and its new McIntyre Brook
Project, New Brunswick, Canada. The Company also holds a significant land position that hosts three
base metals deposits in the Bathurst base metals camp of New Brunswick featuring the Captain
Copper-Cobalt-Gold Deposit that hosts an NI 43-101 Measured and Indicated Resource.
Mr. R. Kim Tyler, P.Geo., President and CEO of Stratabound, and a "Qualified Person" for the purpose
of NI 43-101, has reviewed and approved the contents of this news release.
For more information, please visit the company's website at
www.stratabound.ca
or contact: R. Kim
Tyler, President and CEO 416-915-4157
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/78875