Stratabound Minerals (ASE) has released some encouraging results from its 100% owned CNE zinc-lead-silver property near Bathurst, N.B. where reserves above the 130-ft level stand at 210,000 tons of grade 7.60% zinc, 2.98% lead, and 2.92 oz silver per ton.
The latest results are from a 26- hole, 6,453-ft drill program designed to expand open pit reserves and test for down-plunge continuity of the open pit floor.
“They appear to significantly increase the potentially mineable open pit tonnage, and confirm down-plunge continuity,” said President Stan Stricker.
Highlights from nine holes released last week include 85.3 ft of grade 8.24% zinc, 3.89% lead and 3.97 oz silver and 141 ft of grade 5.60% zinc, 1.45% lead and 1.27 oz silver.
The 85.3-ft intersection encountered in hole 89-11 included 59.1 ft of grade 10.65% zinc, 5.30% lead and 4.95 oz silver.
A 42.7-ft intersection reported by the company assayed 1.81% copper in hole 89-10, according to Stricker. Intervals grading less than 5% combined lead and zinc were not reported, with the exception of the copper zone in drill hole 89-10.
Stratabound recently acquired, subject to regulatory approval, a 100% stake in 12 claims known as the Stratmat North property. The claims are in Northumberland Cty., N.B., about half a mile north of the Stratmat copper-lead-zinc mine, being developed by Brunswick Mining and Smelting (TSE) and Noranda Inc. (TSE).
The property was purchased for 22,500 shares of Stratabound.
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