Stratabound Minerals Corp

Published : April 02nd, 2014

Stratabound Minerals Corp. - Exploration Update

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Stratabound Minerals Corp. - Exploration Update

SB: TSX Venture Exchange                                                 

CALGARY , April 2, 2014 /CNW/ - Stratabound Minerals Corp. (SB.V) is pleased to present a summary of work currently underway and work planned for spring and summer 2014 in the Bathurst mining district of northern New Brunswick .

CNE/Captain - 40 km south of Bathurst A downhole pulse EM geophysical survey is in progress on the CNE/Captain claim block.  The program's objectives are to identify off-hole mineralization near three selected drill holes, and the location, strength and possible source of any detected anomalies.

One of the holes selected is CP-09-26 (Captain copper-cobalt deposit), which intersected 19.5 metres of massive sulphide mineralization grading 1.12% copper at a downhole depth of 359 metres, within which 8.5 metres graded 2.11% copper, 0.052% cobalt, 12.4 g/t silver, and 0.30 g/t gold, including 2.0 metres of 5.46% copper, 0.093% cobalt, 30.5 g/t silver, and 0.65 g/t gold (news release dated March 24, 2010 ).

The other two holes are CNE-13-23 and CP-13-31, which were drilled in late 2013.  Drill hole CNE-13-23 was collared due south of the CNE zinc-lead-silver ore horizon and tested a prominent MaxMin EM anomaly trending 800 metres south and terminating due north of the Captain deposit.  Drill hole CP-13-31 was collared to test this same MaxMin anomaly 150 metres north of the Captain Deposit.  Both holes did not explain the source of the MaxMin conductor.  The purpose of the downhole survey in these two holes is to locate and identify the source of this conductor trending from the CNE Mining Lease to the Captain deposit.

Green Point – 25 km north of Bathurst A 400 metre long airborne electromagnetic anomaly was detected in 2001 and drill tested in 2003 by a previous owner, intersecting an alteration zone containing 1.17 g/t gold over a 15.5 metre core length.  A soil survey by Stratabound in 2011 identified a 600 metre long multi-element soil anomaly trending toward the previously drilled alteration zone.  This soil anomaly contained values up to 10 ppm silver, 2500 ppm lead, 3300 ppm zinc, and 155 ppb gold.  During the 2014 field season a detailed grid with 100 meter line spacing will be cut and picketed across the airborne EM and soil anomalies northwesterly for 1,200 metres to the property boundary.  A gradient IP survey along these lines will cover the airborne EM and soil anomalies.

Commander Option – 35 km south of Bathurst Plans for these optioned claims during the 2014 field season include drilling in two separate areas.

During 2012 and 2013 Stratabound completed gravity surveys which outlined a large (1.5 km N-S x 1 km E-W) gravity anomaly of 0.6 to 0.8 milligals. This large gravity anomaly appears to reflect widespread chloritic alteration and disseminated and stringer iron and copper sulphide mineralization of the type commonly associated with massive sulphide deposits in the Bathurst area.  A drill hole is planned to intersect 150 metres below the peak gravity response to test for zinc-lead mineralization.

A second area of interest for the 2014 field season is a two-kilometre long geophysical anomaly (induced polarization resistivity low) representing a massive sulphide target.  Drilling by Commander Resources in 1997 tested a portion of this target, with one of their holes intersecting semi-massive sulphide mineralization with grades of 1.44% zinc, 0.70% lead and 8.6 g/t silver over 15.5 metres, and another with a 16.8 metre intersection of 1.60% % zinc, 0.16% lead and 4.6 g/t silver, within 25 to 30 metre thick lower grade envelopes.  Between the two holes a 1,400 metre strike length remains undrilled.  The mineralization occurs in chloritic magnetite iron formation which Commander interpreted to represent the Brunswick Mine horizon.  The significant sulphidation within the iron formation and underlying rocks provides encouragement that a massive sulphide deposit could be present along strike or at depth.

The technical information contained in this release has been reviewed by John Duncan , P.Geo. and Stan Stricker , P.Geol., Qualified Persons as defined in National Instrument 43-101.

Neither 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, 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.  

SOURCE Stratabound Minerals Corp.

Read the rest of the article at finance.yahoo.com

Stratabound Minerals Corp

EXPLORATION STAGE
CODE : SB.V
ISIN : CA86268E1051
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Stratabound Min. is a zinc and lead exploration company based in Canada.

Stratabound Min. holds various exploration projects in Canada.

Its main exploration properties are CAPTAIN NORTH EXTENSION (CNE), SWAN, ELMTREE, RAMSAY BROOK / ELMTREE, BIG PRESQUE ISLE and MONTCALM AREA in Canada.

Stratabound Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.6 millions as of today (US$ 2.9 millions, € 2.7 millions).

Its stock quote reached its highest recent level on December 28, 2000 at CA$ 1.00, and its lowest recent point on August 31, 2016 at CA$ 0.01.

Stratabound Min. has 145 850 000 shares outstanding.

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In the News and Medias of Stratabound Minerals Corp
1/3/2014and link to Mineweb article (BREAKING NEW GROUND)
1/1/2008New ideas at play
Annual reports of Stratabound Minerals Corp
2006 Annual Report
2005 Annual Report
Financings of Stratabound Minerals Corp
6/18/2014signs investor relations contract, announces first tranche c...
6/5/2014announces private placement financing
2/5/2014completes financing
2/5/2014closes private placement
10/11/2013COMPLETES FINANCING
10/1/2013ANNOUNCES FINANCING FOR DRILL PROGRAM
3/16/2012announces financing
12/31/2008Completes Private Placement Financing
12/8/2008announces private placement financing
4/19/2007Private Placement
4/11/2007Private Placement & article in today's New Brunswick Telegra...
Project news of Stratabound Minerals Corp
12/10/2014Stratabound exploration update
11/11/2014Stratabound announces Taylor Brook drill results
9/24/2014Stratabound announces New Brunswick drilling program
9/4/2014Stratabound updates exploration activities in Bathurst Distr...
5/21/2014Stratabound provides exploration update on Commander claims,...
5/2/2013MINING AND EXPLORATION UPDATE
2/22/2013Video of CNE Mine development as at Sat. Feb. 16
1/30/2013RECEIVES PERMITS TO MINE CNE OPEN PIT POLYMETALLIC DEPOSIT; ...
12/1/2011Stratabound receives upgraded CNE resource estimate; Xstrata...
2/16/2011reports copper drill results north of Captain & CNE deposits
7/29/2010(Captain North Extension (cne))extends CNE-Captain property
2/10/2010(Captain North Extension (cne))fourth CNE hole intersects thickest high-grade section to da...
2/1/2010(Captain North Extension (cne))intersects grades of 30.4% zinc at CNE; finds copper-cobalt ...
1/14/2010(Captain North Extension (cne))intersects high-grade zinc-lead-silver-gold
10/27/2009(Elmtree)Elmtree Gold drill results announced; moves towards Prelimin...
10/26/2009(Captain North Extension (cne))drilling on Captain & CNE claims
3/5/2008(Melchett Lake)Melchett Lake Update
2/27/2008(Elmtree Gold) reviews developments at Elmtree and Captain
2/14/2008(Elmtree Gold)Elmtree Resource Estimate
1/24/2008(Captain North Extension (cne)) Drills More Copper-Cobalt in Fourth Hole at Captain
12/20/2007(Captain North Extension (cne))Announces assays from Captain drilling
9/7/2007(Captain North Extension (cne))reports on drilling at Captain Property, New Brunswick
7/26/2007(Captain North Extension (cne))Drilling to Evaluate Captain Copper-Gold Deposit in New Brun...
6/18/2007(Elmtree Gold)Elmtree Project Update
5/2/2007(Big Presque Isle)ZONE AT BIG PRESQUE ISLE
4/9/2007(Big Presque Isle)Updates Big Presque Isle Gold Discovery
Corporate news of Stratabound Minerals Corp
10/2/2014Stratabound Announces Share Purchase by William Bell
9/3/2014Stratabound Announces Share Purchase by William Bell
9/2/2014Stratabound closes financing
6/18/2014Stratabound signs investor relations contract, announces fir...
6/5/2014Stratabound announces private placement
4/2/2014Stratabound Minerals Corp. - Exploration Update
1/23/2014News Release
1/2/2014announces private placement, director resignation
5/29/2013Revenue Update
2/25/2013Video 2 - Stratabound Minerals CNE Mine construction as at F...
11/1/2012REPORTS COPPER-GOLD-SILVER INTERSECTIONS ON COMMANDER CLAIMS
9/13/2011Stratabound uncovers bedrock mineralization on Lorenzo prope...
9/1/2011New Stratabound website
6/21/2010continues to hit sulphide mineralization in CNE drilling
4/26/2010raises $1.53 million for drilling
3/24/2010extends Captain deposit with deep undercut; agrees to $1 mil...
7/21/2009current projects
6/1/2009OPTIONS ELMTREE GOLD
2/18/2009Elmtree Gold Advances on Drill Results; Metallurgy Underway
12/2/2008Announces Financing with MineralFields Group
7/25/2008continues to hit impressive copper-cobalt intercepts in Capt...
12/14/2007Stratabound closes $2.5 million financing
11/28/2007Stratabound closes first tranche of financing
7/12/2007finds new gold showings in western New Brunswick
2/28/2007Drill Results
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