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Stratabound Minerals Corp.
Summary
| Project: | Golden Culvert | |
|---|---|---|
| Deposit: | Golden Culvert | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2018: Stratabound Minerals Corp. announces an Exploration/Drilling Update report for its Golden Culvert deposit at the Golden Culvert project. Drilling results incl. 33.1m @ 2.53g/t Au from 111.5m. October 10, 2018 – Toronto, Ontario: Stratabound Mi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R. Kim Tyler (Internal) | |
| ABSTRACT: | October 10, 2018 – Toronto, Ontario: Stratabound Minerals Corp. (TSXV: SB) (“Stratabound” or “the Company”) is pleased to announce the initial results from the first diamond drill program on Golden Culvert, located in the Hyland-Selwyn gold belt in the eastern Yukon Territory. A series of 8 diamond drill holes were drilled, denoted as GC1801 through GC1808. Complete assay results have been returned to date for only holes GC1801, GC1803 and GC1804. This press release addresses those holes exclusively. Diamond drill results herein are reported down the hole and are not represented here as true widths. Drill Hole GC1803 Located 350 metres southeast of the discovery outcrop, drill hole GC1803 intercepted 2.53 gpt Au over 33.1 metres of quartz breccia, veining and sulphides between 111.5 and 144.6 metres down the hole. The intercept includes 60.1 gpt Au over 0.9 metre within a quartz vein that averages 26.04 gpt Au over 2.5 metres overall. The quartz vein is interpreted from surface mapping and trenching to be the 350 metre strike extension of the Main Vein discovered in 2008 which reported historic chip samples between 7.7 to 22.8 gpt gold over 1 metre true width and gold-bearing wallrock grading up to 2.27 gpt Au over 0.5 metre true width. Photographs of the core and an updated corporate presentation will be posted on the Company’s website at www.stratabound.com. Logged core angles confirm the near vertical attitudes of the controlling gold mineralized quartz vein structures observed from the surface mapping and trench exposures performed and reported on earlier this summer. All primary quartz vein observations conform to the regional 320° strike structural fabric controlling the encompassing 3 kilometre by 250 metre wide gold-in-soil anomaly. The high grade Main Vein Zone of breccia and mineralization intercepted in GC1803 project to surface from 110-130 metres below and lie directly under the higher grade portion of one of the greater than 200 ppb gold-in-soil anomalies. Trench TR1805 which intercepted 1.43 gpt Au over 12.0 metres including 4.23 gpt Au over 3.0 metres in a quartz vein that extends from the Main Vein a further 80 metres southeast along strike. (Stratabound press release of August 23, 2018). | |
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