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Stratabound Minerals Corp

Publié le 10 décembre 2014

Stratabound exploration update

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Stratabound exploration update

CALGARY, Dec. 10, 2014 /CNW/ - Stratabound Minerals Corp's. 2014 exploration activities near Bathurst, New Brunswick, have been directed towards the discovery of base metal massive sulphide deposits on its Captain, CNE, Taylor Brook and Commander Option claims, and gold/base metal mineralization on its Green Point property.

To this end, a variety of geophysical, geochemical, trenching, and drilling programs have been ongoing throughout 2014. 

Captain and CommanderThe company is currently receiving, compiling, and evaluating results from recent drilling on the Captain property (8 holes), while sawing drill core and submitting samples for assay from a drill program just completed on the Commander claims (6 holes).

Positive results have been received from exploration this summer at CNE, Taylor Brook, and Green Point, as reported below.

CNELast year, drill hole CNE-13-26 identified the contact between the mineralized, chloritic Nepisiguit Falls Formation footwall of the CNE zinc-lead-silver deposit and the unmineralized Flat Landing Brook Formation.  This led Stratabound to undertake a soil sampling program southward along the projected contact, intended to search for additional massive sulphide mineralization.  An exceptionally strong soil anomaly has been outlined over an area of at least 130 metres x 100 metres, directly overlying the southern projection of the CNE footwall about 100 metres southeast of the filled-in pit (see map dated December 9th, 2014 on www.stratabound.com home page).

A central portion of 95 metres x 65 metres contains on average 2.50% zinc (range 0.28% to 11.0%), 0.61% lead (range 306 ppm to 1.93%), and 271 ppm copper (range 58.1 ppm to 1,240 ppm).  Additional assays have just been received, but have not yet been incorporated into the anomaly map.  These additional sampling locations, shown as red dots on the map, indicate that this exceptional metals-in-soil anomaly remains open to the north and northeast.

The samples were collected by auger from depths of 3.5 to 4.0 feet and are rich in organic materials, but several basal till samples were also recovered.  One sample site returning 11.0% zinc was resampled.  This sample was panned, separating the organic material and coarse- to fine-grained fractions of basal till rubble.  These samples were submitted to the Geological Surveys Branch of New Brunswick Department of Energy and Mines, and analyzed by X-ray fluorescence, also returning percentage-level values in zinc and lead, and strengthening the possibility that the anomaly may be an indication of an undiscovered sulphide zone in the underlying footwall rocks. Further confirmation by wet chemical techniques is pending. 

It remains to be determined whether this anomaly is entirely due to the known CNE Deposit or whether it is in part due to as-yet undiscovered sulphide mineralization.  The continuation of percentage-level zinc and lead values below the organic soil layer into the underlying basal till strengthens the possibility that the anomaly is an indication of an undiscovered sulphide deposit in the footwall. The anomaly is clearly not due to Stratabound's limited 2013 mining activity, but would have taken millennia to form following retreat of the glaciers that once covered northern New Brunswick.

Drill hole CNE 13-26 has been re-logged and the mineralized intersection representing the footwall contact has been sent out for analysis.  Follow-up investigation is planned in 2015.

Taylor BrookOne hole was drilled on Taylor Brook, intersecting a total of 10.7 metres of semi-massive to massive sulphides with good lead-zinc-silver grades in two zones beneath a magnetite iron formation (news release dated November 11, 2014).  Increases in thickness and grade compared with the intersections located 80 metres up-dip, combined with strong geophysical responses and limited drilling, indicate good exploration potential for future drilling.  More specifically, the potential of the 350 metre long eastern half of the Taylor Brook sulphide zone has been upgraded, east of a relatively high grade "channel" containing 3% to 8% lead-zinc found by Stratabound in 1995/96.  Intermittent drilling by various parties beginning in 1978 indicates an extensive blanket of pyritic massive sulphides along a strike length of at least 650 metres, and a down-dip extent of greater than 600 metres, open in all directions, providing ample room for discovery of economic accumulations.

Green PointThe 2014 geophysical surveys on Green Point have successfully identified electromagnetic (MaxMin and VLF) features that are thought to reflect late stage cross-cutting mineralization along trend from a 400 metre long airborne electromagnetic anomaly that was detected in 2001 and drill tested in 2003 by a previous owner.  The 2003 drilling intersected an alteration zone containing 1.17 g/t gold over a 15.5 metre core length, and other auriferous zones within the airborne trend.  Additional soil geochemical sampling and EM surveying of Green Point is warranted to outline 2015 drill targets.

Within the last month, trenching by another party on claims adjoining Green Point has uncovered copper veins with interesting grades and widths along a 75 metre length, near Stratabound's southwestern boundary.

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.

Lire la suite de l'article sur finance.yahoo.com

Stratabound Minerals Corp

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CODE : SB.V
ISIN : CA86268E1051
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Stratabound Min. est une société d’exploration minière de zinc et de plomb basée au Canada.

Stratabound Min. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont CAPTAIN NORTH EXTENSION (CNE), SWAN, ELMTREE, RAMSAY BROOK / ELMTREE, BIG PRESQUE ISLE et MONTCALM AREA au Canada.

Stratabound Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 3,6 millions CA$ (2,9 millions US$, 2,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 28 décembre 2000 à 1,00 CA$, et son plus bas niveau récent le 31 août 2016 à 0,01 CA$.

Stratabound Min. possède 145 850 000 actions en circulation.

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Rapports annuels de Stratabound Minerals Corp
2006 Annual Report
2005 Annual Report
Financements de Stratabound Minerals Corp
18/06/2014signs investor relations contract, announces first tranche c...
05/06/2014announces private placement financing
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05/02/2014closes private placement
11/10/2013COMPLETES FINANCING
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16/03/2012announces financing
31/12/2008Completes Private Placement Financing
08/12/2008announces private placement financing
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11/04/2007Private Placement & article in today's New Brunswick Telegra...
Projets de Stratabound Minerals Corp
10/12/2014Stratabound exploration update
11/11/2014Stratabound announces Taylor Brook drill results
24/09/2014Stratabound announces New Brunswick drilling program
04/09/2014Stratabound updates exploration activities in Bathurst Distr...
21/05/2014Stratabound provides exploration update on Commander claims,...
02/05/2013MINING AND EXPLORATION UPDATE
22/02/2013Video of CNE Mine development as at Sat. Feb. 16
30/01/2013RECEIVES PERMITS TO MINE CNE OPEN PIT POLYMETALLIC DEPOSIT; ...
01/12/2011Stratabound receives upgraded CNE resource estimate; Xstrata...
16/02/2011reports copper drill results north of Captain & CNE deposits
29/07/2010(Captain North Extension (cne))extends CNE-Captain property
10/02/2010(Captain North Extension (cne))fourth CNE hole intersects thickest high-grade section to da...
01/02/2010(Captain North Extension (cne))intersects grades of 30.4% zinc at CNE; finds copper-cobalt ...
14/01/2010(Captain North Extension (cne))intersects high-grade zinc-lead-silver-gold
27/10/2009(Elmtree)Elmtree Gold drill results announced; moves towards Prelimin...
26/10/2009(Captain North Extension (cne))drilling on Captain & CNE claims
05/03/2008(Melchett Lake)Melchett Lake Update
27/02/2008(Elmtree Gold) reviews developments at Elmtree and Captain
14/02/2008(Elmtree Gold)Elmtree Resource Estimate
24/01/2008(Captain North Extension (cne)) Drills More Copper-Cobalt in Fourth Hole at Captain
20/12/2007(Captain North Extension (cne))Announces assays from Captain drilling
07/09/2007(Captain North Extension (cne))reports on drilling at Captain Property, New Brunswick
26/07/2007(Captain North Extension (cne))Drilling to Evaluate Captain Copper-Gold Deposit in New Brun...
18/06/2007(Elmtree Gold)Elmtree Project Update
02/05/2007(Big Presque Isle)ZONE AT BIG PRESQUE ISLE
09/04/2007(Big Presque Isle)Updates Big Presque Isle Gold Discovery
Communiqués de Presse de Stratabound Minerals Corp
02/10/2014Stratabound Announces Share Purchase by William Bell
03/09/2014Stratabound Announces Share Purchase by William Bell
02/09/2014Stratabound closes financing
18/06/2014Stratabound signs investor relations contract, announces fir...
05/06/2014Stratabound announces private placement
02/04/2014Stratabound Minerals Corp. - Exploration Update
23/01/2014News Release
02/01/2014announces private placement, director resignation
29/05/2013Revenue Update
25/02/2013Video 2 - Stratabound Minerals CNE Mine construction as at F...
01/11/2012REPORTS COPPER-GOLD-SILVER INTERSECTIONS ON COMMANDER CLAIMS
13/09/2011Stratabound uncovers bedrock mineralization on Lorenzo prope...
01/09/2011New Stratabound website
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26/04/2010raises $1.53 million for drilling
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21/07/2009current projects
01/06/2009OPTIONS ELMTREE GOLD
18/02/2009Elmtree Gold Advances on Drill Results; Metallurgy Underway
02/12/2008Announces Financing with MineralFields Group
25/07/2008continues to hit impressive copper-cobalt intercepts in Capt...
14/12/2007Stratabound closes $2.5 million financing
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12/07/2007finds new gold showings in western New Brunswick
28/02/2007Drill Results
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