With seven drill holes completed at its Taylor Brook property, Stratabound Minerals (ASE) has announced mineralized intersections ranging from 3.6 to 29 metres.
All seven holes drilled on the property, about 40 km southwest of Bathurst, N.B., intersected massive sulphide mineralization. The sulphide bodies consist of bedded pyrite, sphalerite and galena in a tightly folded sequence of felsic tuffs. Upper and lower sulphide zones have been noted in several of the drill holes; the upper is more widespread, and usually thicker and of higher grade.
Results from drill hole 95-05 are typical of the intersections Stratabound has reported. The upper zone in 95-05 had an apparent width of 2 metres with grades of 5.58% zinc, 4.01% lead and 3.39 oz. silver per ton. The lower zone had an apparent width of 2 metres, grading 3% zinc, 1.28% lead and 0.92 oz. silver.
The most encouraging intersection was in drill hole 95-02, drilled only into the upper zone. There, an intersection 4 metres wide returned grades of 4.77% zinc, 1.94% lead, and 1.8 oz. silver per ton, including an interval of 1 metre grading 10.72% zinc, 6.22% lead and 5.18 oz. silver.
The holes drilled to date have tested a strike length of 100 metres and a depth extent of 60 metres. Stratabound is optimistic about finding extensions laterally and at depth, as geophysical surveys have revealed a wider target area.
Stratabound has geophysical and geochemical surveys under way. Stepout drilling is planned for October, along a 90-metre distance to the southeast and a 180-metre distance to the northwest. The property is about 6 km northeast of the Heath Steele mine operated by Brunswick Mining & Smelting (TSE).
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