Stratabound Reports 95.0 gpt Au Over 1.5m Within 24.41 gpt Au Over 6.0m, Plus New Discoveries at Golden Culvert, Yukon Territory
100 King Street West, Suite 5700, Toronto, Ontario, Canada, M5X 1C7 Phone 416 915 4157, Fax 416 915 4257
E-mail: [email protected] * Website: www.stratabound.com
Stratabound Reports 95.0 gpt Au Over 1.5m Within 24.41 gpt Au Over 6.0m, Plus New Discoveries at
Golden Culvert, Yukon Territory
October 23, 2019 – Toronto, Ontario: Stratabound Minerals Corp. (TSXV: SB) (“Stratabound” or “the
Company”) is pleased to announce the final results from its recently completed 2019 gold exploration
trenching program on the Golden Culvert Project located in the Hyland -Selwyn gold belt in the eastern
Yukon Territory. The most significant highlight came from trench TR1923-B which yielded 24.41 gpt Au
over 6.0m including the highest gold assay ever received to date of 95.0 gpt Au over 1.5m. The trench
was designed as an extension of an open-ended interval of 2.33 gpt Au/3.0m including 5.32 gpt Au/1m in
trench TR1804-H completed in 2018. Both trench intersections are now re-interpreted to be a new vein,
the “Mid-Vein” that occurs between the previously known Main and West 1 Veins.
Additionally, three other new parallel gold bearing quartz vein structures were discovered, the highlight
of which returned 12.30 gpt Au/1.0m within 7.26 gpt Au/5.0m in trench TR1917-B.
This press release relates to a second phase of wider spaced trenches designed to explore the quartz vein
and breccia structures controlling gold mineralization further beyond the 0.5 km of strike concentrated
on around the Main Discovery Vein to date. The previous press release of October 7, 2019 related to six
close-spaced 2019 trenches encountering significant gold mineralization in all six trenches highlighted by
trench TR1902 yielding 19.15 gpt Au/1.5m within a larger envelope yielding 3.63 gpt Au/9.0 metres. As
well, more higher-grade intervals were exposed within moderate grade envelopes including 7.82 gpt
Au/1.0m in TR1903 and 8.60 gpt Au/1.5m in TR1905 focused around the Main Discovery Vein outcrop that
has historic chip sample results up to 22.8 gpt Au over 1.0m.
Main Zone Strike Length Extended
This latest phase of the program has extended and exposed the Main Discovery Vein structure with
trenches, outcrop and subcrop to demonstrate that the structure remains open beyond the 1.9 kilometres
of strike explored to date. Bedrock exposure in the northern 1.4km was hampered by deep overburden
such that significant gold mineralization, on the surface at least, appears to be concentrated along the
southern 570 metres where it remains open beyond and within the 3 km +20ppb gold soil anomaly
surrounding the mineralized veins. The current interpretation is that, though the vein structures
themselves are continuous over kilometres, the gold may well be confined to “shoot s” within the vein
structures, perhaps where unidentified cross structures, geological or geochemical boundaries allow for
gold mineralization to occur. Other “blind” shoots may well occur elsewhere within the vein corridor
continuum at depth and along strike. Results are detailed in Figure 2 below.
New Gold Vein Discovery 7.1 Kilometres along Strike
In the final days of the campaign a new outcropping, gold-bearing vein was discovered during helicopter
supported reconnaissance approximately 7 .1 kilometres north along the general strike of the Main
Discovery zone and open-ended +20ppb gold in soil anomaly. The vein was exposed in outcrop over 15.8
metres of strike averaging 0.46 gpt Au/2.0m at its widest and as high as 1.02 gpt Au/1.0m. The exposure
was not trenched to determine the full width of mineralization. The new vein averaged a strike of 326°
with a vertical dip similar to veins found 7. 1 km to the south on the Main Discovery Zone. The vein occurs
at the eastern edge of an historic open-ended 50 ppb gold in soil anomaly. A second quartz breccia grab
sample from a small outcrop 260m to the northwest interpreted to be the same vein yielded 1.16 gpt Au.
Both occurrences are within hi ghly altered phyllite host rocks with associated sulphide mineralization
similar to the Main Discovery Zone. No exploration of any kind has ever been done in the intervening 7.1
kilometres between this new discovery and the Main Discovery Zone before this season. The area remains
open to explore along strike in both directions.
Figure 1 – New North Vein Discovery
New Main Zone Discoveries
Of further significance, four more parallel gold mineralized veins have been discovered in addition to the
two previously identified in 2018 , effectively widening the gold vein “corridor” from 50 metres to 130
metres wide providing a broader target area for future exploration and diamond drilling. Multiple other
parallel quartz vein and breccia structures have been identified outlying the main 130 metre wide gold -
bearing vein “corridor” that, though not well explored, have not yielded significant gold values to date.
More gold bearing “shoots” within these other veins remain to be explored. The quartz vein structures
continue to demonstrate a near vertical attitude. Highlights of the new vein discoveries include 7.26 gpt
Au/5.0m within 3.66 gpt Au/10.5m in trench TR1917 -B on th e new East 2 Vein and trench TR1923 -B
yielding 24.41 gpt Au over 6.0m including the highest gold assay received to date of 95.0 gpt Au over 1.5m
on the new Mid-Vein. Trench TR1923-B was designed as an extension of an open-ended interval of 2.33
gpt Au/3.0m including 5.32 gpt Au/1m in trench TR1804-H completed in 2018. (Figure 2)
West 1 Vein In-fill trenches
In-fill trench results along the West 1 Vein revealed only narrow, low grade gold values with the best result
being 0.74 gpt Au/10.0m. Despite these weaker surface results, drilling the West 1 vein in 2018 yielded
6.02 gpt Au/4.5m including 12.98 Au/2.0m with visible gold in GC1806 at 50m below surface and 1.76 gpt
Au/7.6m including 6.06 Au/1.9m in GC1802 at 110 metres below the 2019 surface trenches.
Float and Chip Sampling Results
Sampling of quartz float trains are an excellent prospecting practice in this region of North America as it
has not seen any continental glaciation leaving overlying eroded rock detritus fairly close to the original
bedrock source in “trains” that lay upon the strike of the underlying gold structures. Best results of the
sampling program include 12.20 gpt Au from quartz float a few metres beyond the east limit of trench
TR1913; 10.60 gpt Au from quartz float on strike of the Mid -Vein, and 8.69 gpt Au on strike of the Main
Vein. (Table 1, Figure 2)
Claim
Group
Sample
Type
Sample
No. UTM N UTM E Elevation Width
(m) Au ppm
GC Float X833727 6868795 531189 1526.0 12.2
GC Float X833728 6868551 531503 1688.9 2.23
GC Chip X833737 6868813 531146 1532.5 1.0 1.81
GC Chip X833743 6868940 531045 1552.6 2.0 1.94
GC Chip X833744 6868943 531065 1547.3 0.4 1.83
GC Chip X833745 6868946 531074 1547.3 2.8 2.21
L Hyland Chip Y628425 6875053 527180 1702.9 1.0 1.16
L Hyland Chip Y628426 6874871 527364 1739.5 1.0 1.02
GC Float Y628438 6869170 530458 1700.5 2.61
GC Float Y628450 6868560 531490 1672.1 8.69
GC Float Y628557 6868701 531321 1553.0 10.60
Table 1 - Summary 2019 Float and Chip Sample Results
President and CEO , R. Kim Tyler commented, “ These are still early days for the Golden Culvert project,
being only our second year of exploration , and we are again pleased to receive more high-grade gold
values within lower grade haloes comparable to those achieved at Golden Predator Mining’s 3 Aces
Project and Aben Resources’ Justin Project located within 30 kilometres of Golden Culvert. Building upon
last year’s work we have further demonstrated that significant gold mineralization occurs across at least
570 metres of strike length within host structures that extend at least 1.9 kilometres or more and that it
is plausible that more gold mineralization ma y occur in shoots along this and other structures. Further,
we have made new gold vein discoveries that have widened our corridor of gold -bearing structures and
extended the exploration potential to at least 7.1 kilometres enhancing our chances of more sig nificant
gold to be discovered across, as well as along strike and to depth.”
Figure 2 - 2019 Exploration Results Including Significant 2018 Results
Trench results and particulars related to this and the previous press release are detailed in Table 2 below.
Table 2 - 2019 Trenching Complete
Summary grades are reported uncapped as there are insufficient results returned to date to make a
reasonable capping determination.
Analytical, QA/QC Methods and Protocol:
All trench samples were secured in plastic bags sealed with cable wrap ties and placed into plastic rice bags
similarly sealed and delivered to the ALS Global preparation facility in Whitehorse, Yukon Territory where they
were crushed until better than 70% passed a 2mm sieve . A 250g split was pulverized until better than 85%
passed a 75-micron screen. Gold was tested by a 30-gram fire assay method with an atomic absorption finish
at the Vancouver ALS lab facility . Assay results that exceed 100 gpt Au by this method are re -assayed by
metallic screening followed by fire assay with a gravimetric finish . In addition to the quality assurance and
quality control program performed by ALS, Stratabound personnel insert internationally certified standards
and blanks into the sample stream at the rate of one QA/QC sample for every 15 samples and maintain a
program of duplicate sampling on pulp rejects.
2019
Trench
UTM NAD
83 Northing
UTM NAD
83 Easting Azimuth From (m) To (m) Au (gpt) Interval
length
True
Width Target:
TR1901 6868884 531457 218 3.0 7.5 1.50 4.5 4.5 Main Zone
TR1902 6868871 531142 213 3.0 12.0 3.63 9.0 8.8 Main Zone
Including 10.5 12 19.15 1.5 1.3 Main Zone
TR1903 6868863 531158 219 0.0 5.5 1.93 5.5 6.5 Main Zone. Ends in mineralization
Including 4.5 5.5 7.82 1.0 1.0 Main Vein
TR1904 6868703 531363 299 Did not expose target
TR1905 6868895 531295 199 6.0 9.0 5.17 3.0 2.6 Main Zone
Including 6.0 7.5 8.60 1.5 1.4 Main Vein
TR1906 6868819 531267 3.0 4.5 2.19 1.5 1.5 Main Zone
TR1908 6868851 531173 257 Did not expose target
TR1909 6868826 531224 203 0 3 2.94 3.0 4.5 Main Zone. Ends in mineralization
TR1910 6868862 531067 207 7.0 10.6 1.23 3.6 3.5 West 1 Zone
TR1911 6868839 531090 255 0.0 6.0 0.87 6.0 8.9 West 1 Zone. Ends in mineralization
TR1912 6868813 531117 342 Nil No significant values
TR1913 6868786 531184 212 12 13.5 1.62 1.5 1.4 West 1 Zone
and 21 30 0.41 9.0 8.9 New West 2 Zone
TR1914 6868818 531153 230 0 10 0.74 10.0 10.0 West 1 Zone
TR1915 6868937 531039 78 0.0 20.5 0.45 20.5 7.7 New East 1 Zone
and 35.0 45.5 1.13 10.5 6.7 New East 2 Zone. Ends in mineralization
TR1916-A 6868942 531087 215 1.5 3.0 0.35 1.5 1.5 New East 1 Zone
TR1916-B 6868928 531076 234 1.5 3.0 0.36 1.5 1.3 New East 2 Zone
TR1917-A 6868951 531027 65 3.5 5.5 0.78 2.0 1.9 New East 1 Zone
TR1917-B 6868964 531051 63 3.0 13.5 3.66 10.5 9.9 New East 2 Zone
Including 3.0 8.0 7.26 5.0 4.9 New East 2 Vein
TR1918 6868977 531026 66 2.0 3.5 0.49 1.5 Did not expose target
TR1919 6868797 531168 218 Did not expose target
TR1920 6868792 531307 228 Did not expose target
TR1921 6868979 530873 60 0 5.0 Nil 5.0 5.0 Main Vein
TR1922 6869110 530648 84 3 4.5 Nil 1.5 1.5 Main Vein
TR1923_B 6868629 531376 52 1.5 7.5 24.41 6.0 6.0 New Mid-Vein
Including 6 7.5 95.00 1.5 1.50 New Mid-Vein
TR1925 6868540 531466 264 4.5 6.0 0.34 1.5 Did not expose target
About the Golden Culvert and Little Hyland Properties
Golden Culvert and Little Hyland cover 83.8 square kilometres in the southeast Yukon Territory across a 24 -
kilometre strike located approximately 20 kilometres northeast of and parallel to Golden Predator Mining
Corp.’s 3 Aces property and 30 km north along strike of Aben Resources’ Justin Project. Past work 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. During 2018 samples were taken and assayed from six trenches and eight drill holes (1,355
metres of diamond drilling). Significant results from 2018 drilling include 60.1 gpt Au over 0.9m within 2.53
gpt Au over 33.1 metres.
About Stratabound
Stratabound Minerals Corp. is a Canadian exploration and development company focused on gold exploration
in the Yukon Territory. The Company also holds a significant land position that hosts three base metals
deposits in the Bathurst base metals camp of N ew Brunswick featuring the Captain Copper -Cobalt Deposit
that hosts an NI 43-101 compliant Measured+Indicated resource.
Stratabound management has a diversified track record of exploration, development and operating successes
that will facilitate the development of the Company’s exploration projects.
Mr. R. Kim Tyler, P.Geo., President and CEO of Stratabound, and a “Qualified Person” for the purpose of NI
43-101, was responsible for managing and supervising the exploration program and has verified the dat a
disclosed, including sampling, analytical, and test data underlying the information or opinions contained in
this disclosure. Mr. Tyler has reviewed and approved the contents of this news release.
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
705-822-9771
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 deposit s, currency fluctuations, unanticipated operational or
technical difficulties, changes in laws or regulations, failure to obtain regulatory, exchange or shareholder
approval, risks of obtaining necessary licenses and permits, changes in general economic co nditions or
conditions in the financial markets and inability to raise 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.