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Project: | Golden Culvert | |
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Deposit: | Golden Culvert | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 10/24/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 24-10-2018: Stratabound Minerals Corp. announces an Exploration/Drilling Update report for its Golden Culvert deposit at the Golden Culvert project. Drilling results incl. 4.5m @ 6.02g/t Au from 68.3m. October 24, 2018 – Toronto, Ontario: Stratabound Mine | |
Resources: | x | |
CP/QP: | [Overall Report]: R. Kim Tyler (Internal) | |
ABSTRACT: | October 24, 2018 – Toronto, Ontario: Stratabound Minerals Corp. (TSXV: SB) (“Stratabound” or “the Company”) is pleased to announce the results from the Company’s summer exploration program at its Golden Culvert project in the southeast Yukon Territory. Trenching results have been reported in a press release dated August 23, 2018 and results of three of the eight drill holes were reported in a press release dated October 10, 2018. Drill results have now been received for all but one of the remaining drill holes. President and CEO, R. Kim Tyler commented, "We are pleased to report that consistent significant gold mineralization can be traced both on surface and at depth. This mineralization occurs in at least two parallel gold veins and mineralized wall rock structures that extend for a minimum 430 metres of strike, and that remain open at depth and at both ends. The presence of visible gold is particularly significant as it is the first reported bedrock occurrence on the project. We have made all necessary option payments on the project and look forward to preparing next year’s exploration program.” In summary, the summer program, which the Company completed under budget, has confirmed the following. The second round of summer 2018 results includes results for four drill holes. GC1806 intercepted two parallel gold bearing vein and breccia structures. The deeper of the two veins assayed 6.02 gpt Au over 4.5 metres, including 12.98 gpt Au within a 2.0 metre quartz vein between 69.5-71.5 metres down the hole. The intersection had visible gold in the vein. This is the first ever reported observation of visible gold in bedrock at the Golden Culvert project | |
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