Stratabound targets copper-silver at Don Indio property

Junior Stratabound Minerals (SB-A) has launched a surface and underground exploration program at the Don Indio polymetallic property

in the northeastern Mexican state of Coahuila.

The Calgary-based company, plans to map and sample several historical workings, which reportedly averaged greater than 20% copper and 100 grams silver per tonne. As well, new showings discovered during a preliminary reconnaissance program will be followed up.

Mineralization at Don Indio is associated with two separate but spatially related horizons in a carbonate and redbed sedimentary sequence. So far, the sequence has been traced for 4 km of its 19-km strike length.

Stratabound can earn a 100% interest in the 2,947-ha property by paying private vendors US$500,000 over the next three years. The deal is also subject to a 1% net profits royalty.

Exploration is also under way on the company’s wholly owned Sierra Azul property, in the same state.

Sierra Azul hosts underground workings and waste-dumps from past mining, as well as newly discovered targets of high-grade mineralization. Recent drilling and underground sampling have outlined an initial high-grade resource of 700,000 tonnes grading 9.72% zinc and 3.69% lead along a strike length of 475 metres.

The company is best known for its large holdings in the Bathurst mining camp of northern New Brunswick, and recent work there has focused on extending grids and completing ground geophysical surveys on its Taylor Brook, Nepisiguit and Tomogonops claims.

This program covers extensions of mineralized horizons discovered in the 1997-98 winter drill program and geophysical anomalies detected by a 1995 government-sponsored airborne geophysical survey.

Stratabound says half of its current program is being funded by the province of New Brunswick and the government of Canada through the Canada-New Brunswick Co-operation Agreement on Economic Diversification. The junior has been active in the camp for a decade.

Stratabound’s recent work has located several magnetic and conductive trends that will be followed up this fall with geological mapping, prospecting and soil geochemistry, prior to deep-penetration geophysics and/or drilling.

Meanwhile, in northeastern British Columbia’s Omineca region, Stratabound is exploring its Rap and Swan zinc-lead-silver properties near Aiken Lake.

The company says it was attracted to the region by the recent release of stream-sediment geochemical data by the provincial government, which “confirms strongly anomalous base metal values across virtually the entire Swan property and portions of the Rap.” Follow-up work planned for this year will include ground very-low-frequency electromagnetic and magnetic surveys.