InvestmentPitch Media Video Discusses Stratabound Minerals’ Doubling of its Land Position to 120 Sq Kilometres in Emerging New Maritime Gold District
April 18 2022 - 5:00AM
Stratabound Minerals Corp. (TSXV:SB) (OTCQB:SBMIF) has acquired an
additional 19 claims covering an area of 59.56 square kilometres or
5,956 hectares of prospective ground in northern New Brunswick. The
newly acquired property is adjacent to Stratabound’s McIntyre Brook
Gold Project and Puma Exploration’s Williams Brook high-grade gold
project in an emerging new Maritime gold district, with geological
comparisons to New Found Gold's Queensway Project in eastern
Newfoundland.
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The new acquisitions more than double the
company's land position to 119.6 square kilometres and complete the
consolidation of the entire 17 km of prospective ground between
Puma Exploration's Williams Brook to the west and Portage
Brook/Jonpol gold properties to the east. Dubbed the "Triple Fault
Gold Belt", the entire 37 kilometre "Belt" features numerous new
high-grade gold showings including Puma's O'Neil and Lynx gold
zones with trench and outcrop values up to 371 g/t gold, 128 g/t
gold; and drill results up to 5.50 g/t gold over 50.15 metres
recently reported in Puma's first ever drill program.
Stratabound's McIntyre Zone at the centre of the
Belt features 40 grab sample values between 0.20 and 41.56 g/t gold
collected from bedrock exposed in trenches along 300 metres of
strike length.
Gold mineralization in the Triple Fault Gold Belt
is of the orogenic type hosted in quartz veins and breccia at
contacts between harder rhyolite units and softer sediment hosted
units aligned along regional-scale faults such as the Rocky Brook,
McIntyre Brook and Ramsay Brook faults that cut through the
Belt.
Numerous mapped rhyolite units occurring on the
Stratabound ground adjacent to these regional-scale faults remain
unexplored for gold and will be the target for upcoming exploration
work planned this season.
Canadian Metals Inc., reported a new discovery of
30 grab samples up to 455.0 g/t Au, 85.6 g/t Au 76.9 g/t Au, 63.6
g/t Au, 36.9 g/t Au, 15.4 g/t Au, 14.8 g/t Au at its new LG
Discovery Zone on its Goldstrike Property. The LG zone occurs on a
splay about 45 km east of and off the same Rocky Brook Fault that
transects the Triple Fault Belt. Canadian Metals reports that the
gold is hosted mostly in the sediment/rhyolite contact as occurs
most elsewhere in the Belt.
R. Kim Tyler, President and CEO, stated: "Northern
New Brunswick is experiencing a rapid increase in new high-grade
gold discoveries as more scrutiny and effort are applied in looking
for them. We believe we are in the early days of discovering the
next exciting Maritime gold district following the same
intercontinental geological environment as occurs in Newfoundland,
Nova Scotia and Dalradian Gold's high-grade Curraghinalt gold mine
in Ireland."
Stratabound is developing its advanced-stage
flagship Fremont Gold Project in the Mother Lode Gold Belt of
California. Fremont also hosts three undeveloped gold occurrences
across four kilometres of strike along the prolific Mother Lode
Gold Belt.
The company is also advancing its Golden Culvert
property, located approximately 20 kilometres northeast of
Seabridge Gold’s 3 Aces and Aben Resources’ Justin high grade gold
projects in the southeast Yukon Territory.
The company holds two other projects both of which
feature NI 43-101 Mineral Resource Estimates.
These include the Dingman Gold Deposit, Ontario
and a significant land position in the Bathurst camp of New
Brunswick, including the Captain Cobalt-Copper-Gold Deposit.
The shares are trading at $0.09. For more
information, please visit the company’s website at
www.stratabound.ca contact R. Kim Tyler, President and CEO, at
416-915-4157 or email info@stratabound.com.
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