Early-stage exploration programs are being planned by Stratabound Minerals (ASE) for two newly acquired base metal properties in the Aiken Lake area of northeastern British Columbia.
The company purchased a 100% interest in the Swan and Rap properties from Firesteel Resources (ASE) through cash payments totalling $60,000 and the issuance of restricted shares valued at $40,000. Firesteel retains a 1% net smelter return royalty.
Accessible by forestry roads from MacKenzie, the properties are reported to cover prospective sedimentary rock units currently being explored by several international zinc producers.
The Swan property was explored for zinc two decades ago, and a number of showings and anomalies have been identified. The property was recently recognized to be underlain by Earn Group rocks which host known zinc-lead deposits in the region, such as the Cirque deposit. Preliminary work on the Rap property located anomalous zinc and lead values in soils and stream sediments.
Work on the properties will include geochemical and geophysical surveys and geological work. Trenching is also planned for the Swan property.
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