Stratabound property yields metal results

Stratabound has completed a winter drill program on the property and vice-president of exploration Ken Whaley is convinced that at least 300,000 tons of open pittable material can be outlined on the property.

The 21-hole program encountered several wide intersections of lead-zinc-silver mineralization which the company hopes will be amenable to open-pit mining methods. The underground potential was not tested in the recent program.

Stratabound is also exploring a couple of other claim groups in the Bathurst area know as the Taylor Brook and Captain base metal properties.

On its CNE property, the company reports grades as high as 29% combined lead-zinc and 3.0 oz silver per ton have been obtained across 6 metres (19.7 ft) in hole 89-4. Within this intersection, a 1-metre interval assayed up to 50% lead-zinc and 24 oz silver per ton.

A summary of assay results obtained from the recently completed shallow drilling program on the Captain North Extension (CNE) bet is as follows:

Width Zinc Lead Silver Hole (ft) (%) (%) (oz/t) 88-4 20.7 6.5 11.0 3.7 88-5 74.8 6.5 2.9 3.4 88-6 45.9 6.8 0.4 0.7 88-8 107.3 5.7 2.0 2.9 89-1 48.2 6.7 2.6 2.1 89-2 67.9 5.3 2.4 2.7 89-3 72.2 5.5 1.4 2.6 89-4 19.72 2.6 6.5 3.1 89-5 26.2 7.8 3.8 4.8 89-6 16.7 6.2 3.5 4.2 89-7 13.1 10.4 6.1 5.9

The company says it drilled a total of 4,501 ft in 20 shallow holes on the CNE property. Additional assay results from some 200 samples of split drill core are still awaited.

Whaley is encouraged by the fact that the property hasn’t been tested anywhere below a depth of 220 ft. “We don’t yet know what is underneath,” he said.

The Bathurst district contains two types of massive sulphide orebodies known generally as type A and type B. The former (type A) is zinc-lead-silver enriched, while the latter (type B) is copper-gold enriched with minor zinc. Type A mineralization generally occurs stratigraphically above type B, the company says. On the CNE property, the high grade zinc-lead values encountered to date could indicate potential for a major type A deposit, the company believes. In other news, recently appointed as Stratabound’s vice-president of finance is Donald Empey, a mining analyst with 20 years’ experience. Stratabound has more than three million shares issued trading at about $1.55 recently on the Alberta Stock Exchange.

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