Stratabound Announces Excellent Copper-Cobalt Intersection in Captain Hole 17



    
    -  74 metre interval of 0.6% copper, 0.8 lb/t cobalt, 0.3 lb/t bismuth,
       0.21 g/t gold and 4.2 g/t silver in Hole 17

    -  includes 6.5 metres grading 3.7% copper, 0.9 lb/t cobalt,
       2.1 lb/t bismuth, 0.87 g/t gold and 26.4 g/t silver


    SB: TSX Venture Exchange                       Issued: 37,099,702 shares
    

    CALGARY, Aug. 7 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) is pleased
to release assay results from drill holes CP-15 to CP-17 on its 100%-owned
Captain copper-cobalt property near Bathurst, New Brunswick.
    Results to date indicate the potential for economic-grade copper-cobalt
mineralization at potentially open-pit depths and deeper. Preliminary
metallurgical investigations are in progress at New Brunswick Research and
Productivity Council, to assess methods for recovering payable metal
concentrates.
    An initial 25-hole (5,097 metre) drill program has been delineating a
steeply west-dipping and south-plunging mineralized body. The holes have been
collared within an area measuring roughly 100 metres x 100 metres and reach a
maximum vertical depth of about 300 metres.
    Results from the first 14 holes have been reported previously and are
available on the company's website, www.stratabound.com.
    Hole 17, situated about 50 metres southeast of Hole 1, was angled steeply
(70 degrees) to the east to intersect the mineralized zone 20 metres below
Hole 6 and 20 metres above Hole 7, as shown in cross-section 90N (website Map
15C). The hole intersected excellent widths and grades of near-surface
mineralization. Photographs of mineralized core from Hole 17 are posted on
Stratabound's website as well as an updated map showing collar locations for
all 25 holes drilled to date (Map 15D).

    
    -------------------------------------------------------------------------
    Drill  From   To    Length  Cu     Co    Bi    Cu    Co   Bi  Gold Silver
    Hole  Metres Metres Metres   %      %     %   lbs/t lbs/t lbs/t g/t   g/t
    -------------------------------------------------------------------------
    CP-17     26    100    74  0.60  0.036  0.015  13.3  0.8  0.3  0.21   4.2
    -------------------------------------------------------------------------
    Incl.     30   49.5  19.5  1.93  0.037  0.052  42.6  0.8  1.1  0.50  13.2
    -------------------------------------------------------------------------
    Incl.   34.5     48  13.5  2.51  0.040  0.070  55.4  0.9  1.6  0.66  17.3
    -------------------------------------------------------------------------
    Incl.     36   42.5   6.5  3.69  0.041  0.096  81.3  0.9  2.1  0.87  26.4
    -------------------------------------------------------------------------
    Best
    Cobalt  65.5   74.5     9  0.38   0.10  0.005   8.4  2.2  0.1  0.33   2.6
    -------------------------------------------------------------------------

    Hole 15 was drilled vertically 50 metres west of Hole 1, and represents
the deepest hole reported to date. Copper-cobalt mineralization is present for
48.5 metres (181 m. to 229.5 m.) within a cobalt-enriched "envelope"
stretching for 90 metres (144 m. to 234 m.). Hole 15 results raise the
possibility of economic-grade mineralization continuing below open-pit depths.

    -------------------------------------------------------------------------
    Drill  From   To    Length  Cu     Co    Bi     Cu    Co  Bi  Gold Silver
    Hole  Metres Metres Metres   %      %     %  lbs/t lbs/t lbs/t g/t   g/t
    -------------------------------------------------------------------------
    CP-15    181  229.5  48.5  0.47  0.022  0.006  10.4  0.5  0.1  0.042  1.5
    -------------------------------------------------------------------------
    Incl.    216  229.5  13.5  0.84  0.028  0.017  18.6  0.6  0.4  0.070  3.0
    -------------------------------------------------------------------------
    Incl.  216.5  220.5     4  0.99  0.033  0.003  21.7  0.7  0.1  0.065  3.1
    -------------------------------------------------------------------------
    & incl.  227  229.5   2.5  2.30  0.055  0.084  50.6  1.2  1.9   0.22  9.6
    -------------------------------------------------------------------------
    Incl.    228  229.5   1.5  3.35  0.065   0.14  73.8  1.4  3.1   0.33 13.5
    -------------------------------------------------------------------------
    Incl.    228  228.5   0.5  8.00  0.097   0.32 176.4  2.1  7.1   0.58 34.2
    -------------------------------------------------------------------------
    Cobalt
    Envelope 144    234    90  0.26  0.025          5.7  0.6
    -------------------------------------------------------------------------
    Best
    Cobalt   157    174    17        0.050               1.1
    -------------------------------------------------------------------------
    Incl.    171    174     3         0.10               2.2
    -------------------------------------------------------------------------
             227    231     4  1.45  0.053  0.053  32.0  1.2  1.2  0.16  12.2
    -------------------------------------------------------------------------
    Incl.    228  230.5   2.5  2.03  0.063  0.084  44.8  1.4  1.8  0.22  16.4
    -------------------------------------------------------------------------

    Hole 16 was drilled vertically 70 metres south of Hole 1 and 25 metres
south of Hole 13, and is the most southerly drill hole to date. Disseminated
pyrite is present, with rare intervals of massive pyrite. This hole appears to
intersect a pyritic fringe adjacent to the mineralized zone of greatest
interest. Multi-element assaying indicates the cobalt content of Hole 16 is of
possible economic interest. The drill hole may have stopped short of the
inferred steeply southerly-plunging copper-cobalt deposit.

               -----------------------------------------------
                Drill     From     To    Length   Co     Co
                Hole     Metres  Metres  Metres    %    lbs/t
               -----------------------------------------------
                CP-16      124     167     43    0.031   0.7
                Incl.      146     166     20    0.046   1.0
                Incl.     146.5   149.5     3    0.075   1.6
                & incl.    160    162.5    2.5   0.093   2.1
                           195     207     12    0.036   0.8
                Incl.      202     207      5    0.062   1.4
               -----------------------------------------------

    Drill Hole Collar Information for Captain Holes 15 to 17:

        ------------------------------------------------------------
         Hole    Northing   Westing  Elevation  Depth  Azimuth  Dip
        ------------------------------------------------------------
         08-15   117.74     299.3    150.62     311    90       -88
        ------------------------------------------------------------
         08-16   50.8       250      147.57     284    90       -88
        ------------------------------------------------------------
         08-17   96         214.6    147.3      171    90       -70
        ------------------------------------------------------------
    

    Results of additional drill holes will be announced shortly.
    Drill core is securely stored at Stratabound's core shack facility in
Bathurst. A total of 4,400 samples have been submitted for assay (not
including blank samples, certified standard reference samples, quartered
samples, duplicates and third party checks submitted in accordance with
Quality Control and Quality Assurance protocols).
    Half-core samples from Holes 15 were assayed by SGS Mineral Services of
Toronto, Ontario and Eastern Analytical Ltd. of Springdale, Newfoundland.
Half-core samples from Holes 16 and 17 were assayed at Eastern Analytical Ltd.

    The exploration at Captain is under the supervision of John Duncan,
P.Geo. The technical information contained in this release has been reviewed
by John Duncan, P.Geo. and Stan Stricker, P.Geol., Qualified Persons as
defined in National Instrument 43-101.

    Stratabound is a Canadian junior mining and exploration company currently
exploring for precious and base metals in several areas of New Brunswick,
Ontario and Quebec.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    Certain information regarding the Company contained herein may constitute
forward looking statements. Forward looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Although the Company believes that
the expectations reflected in such forward looking statements are reasonable,
it can give no assurance that such expectations will prove to have been
correct. These statements are subject to certain risks and uncertainties and
may be based on assumptions that could cause actual results to differ
materially from those anticipated or implied in the forward looking
statements. The Company is under no obligation to update or alter any forward
looking statement. These risks include operational and geological risks and
the ability of the Company to raise necessary funds for exploration. The
Company's forward looking statements are expressly qualified in their entirety
by this cautionary statement.





For further information:

For further information: Stan Stricker, P. Geol, President, (403)
258-3630, info@stratabound.com, www.stratabound.com

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