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Stratabound Minerals Corp.
Summary
| Project: | Watson | |
|---|---|---|
| Deposit: | Golden Culvert, Little Hyland | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-2-2018: Stratabound Minerals Corp. announces an Exploration/Drilling Update report for its Golden Culvert, Little Hyland deposit at the Watson project. Technical report of the property. Marty Huber, P.Geo. (the “Author”) was retained to write a Nationa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marty Huber (Breakaway Exploration Management Inc.) | |
| ABSTRACT: | Marty Huber, P.Geo. (the “Author”) was retained to write a National Instrument 43‐ 101 Technical Report (the “Report”) describing and summarizing the work completed to date on the “Golden Culvert” and “Little Hyland” properties in Yukon (collectively the “Property”). Information and data for the Report were obtained from a site visit by the Author on September 9 and 10, 2017, as well as an extensive study of pertinent available technical information. The Property is located in Southeast Yukon within the Little Hyland River Valley, some 250 kilometres north of Watson Lake, Yukon at approximately 61°57’00” North Latitude and 128°25’00” West Longitude. The Robert Campbell Highway and all‐ weather Nahanni Range Road provide direct access to the Property from Watson Lake. The Property includes 431 contiguous, un‐surveyed mineral titles that cover an approximate area of 83.8 square kilometres. The mineral titles are jointly recorded 100% to Gary Lee and Robert Scott ("Lee and Scott") in the case of Golden Culvert property (including the Rubus claims), and Gary Lee, Robert Scott and Ronald Stack ("Lee, Scott and Stack") in the case of the Little Hyland property. South Shore Partnership Inc. (“South Shore”), a private company, acquired an option to acquire the Property in September 2017 pursuant to two separate option agreements to reflect the different ownership of the Golden Culvert and Little Hyland properties. Collectively both agreements constitute the Property. In December 2017, South Shore assigned its rights under the two option agreements to Stratabound Minerals Corp. (“Stratabound”). The Golden Culvert property is fully permitted under a 10 year Class 3 Land Use Approval No. LQ00456 until November 16, 2026 which allows for a camp, fuel storage, road and trail building, clearing, trenching, drilling, all forms of sampling and up to a 10,000 tonne bulk sample. The Little Hyland property will initially operate under a Class 1 program until a Class 3 permit is obtained. | |
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