High grade sulphides found at Stratabound’s CNE bet

Drilling will begin soon to establish the continuity and grade potential of a high grade zinc-lead-silver discovery reported by Stratabound Minerals (ASE) at its CNE property near Bathurst, N.B.

Massive sulphide mineralization was discovered across what Stratabound called excellent widths. The company says it will look at the potential for an open pit mine.

Rocks exposed in four backhoe trenches have returned assays of up to 42% zinc, 18.5% lead and 25.59 oz silver per ton. The trenches are located up-dip from a massive sulphide deposit outlined by a previous operator in 1978 which hosts near-surface drill-indicated reserves of 199,947 tons grading 8.38% zinc, 3.44% lead and 3.48 oz silver.

According to Stratabound, trench numbers 2 and 4 represent a width of at least 10 m of high grade mineralization which was not identified by the earlier work. Systematic grab and channel samples from this additional zone are assaying in the range of 26% zinc, 12% lead, 7 oz silver and 0.02 oz gold, the company said.

With the discovery of the new zone, Stratabound says the massive sulphide mineralization now appears to have a total width of 30 to 45 m at surface.

The best results were encountered in trenches two and four but samples from trench number one also produced some encouraging results including 42% zinc, 13.88% lead, 5.70 oz silver and 0.061% copper.