Stratabound Hits 5.3% Copper over 6.5 metres at Captain



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

    -  Hole 19 includes 6.5 metres of 5.3% copper, 1.4 lbs/t cobalt,
       1.3 lb/t bismuth, 0.80 g/t gold and 30.0 g/t silver, within

    -  50 metres grading 1.6% copper, 0.9 lb/t cobalt, 0.5 lb/t bismuth,
       0.32 g/t gold and 9.2 g/t silver, within

    -  140.5 metres of 0.6% copper, 0.6 lb/t cobalt

    -  Strong indications of zinc
    

    CALGARY, Aug. 21 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) is pleased
to release assay results from drill holes CP-18 and CP-19 on its 100%-owned
Captain copper-cobalt property near Bathurst, New Brunswick.
    Results from the first 17 holes have been reported previously and are
available on the company's website, www.stratabound.com.
    Hole 19 was drilled vertically 64 metres west of (downdip from) Hole 17,
which intersected mineralization near surface.

    
    -------------------------------------------------------------------------
    Drill     From     To   Length   Cu     Cu     Co     Bi   Zn Gold Silver
    Hole    Metres  Metres  Metres    %   lbs/t  lbs/t  lbs/t   %  g/t   g/t
    -------------------------------------------------------------------------
    CP-19    143.5     284   140.5  0.58  12.78   0.63  0.17       0.13  3.5
    -------------------------------------------------------------------------
    Incl.    148.5   198.5      50  1.59  35.13   0.89  0.45  0.14 0.32  9.2
    -------------------------------------------------------------------------
    Incl.      163   189.5    26.5  2.50  55.01   0.85  0.70  0.24 0.48 14.5
    -------------------------------------------------------------------------
    Incl     168.5   184.5      16  3.27  72.16   1.04  0.95  0.37 0.64 19.2
    -------------------------------------------------------------------------
    Incl     168.5     169     0.5   5.3 116.84   0.60  4.85  0.07 1.45 32.5
    -------------------------------------------------------------------------
    & incl     172     184      12  3.85  84.96   1.27  1.00  0.47 0.71 22.4
    -------------------------------------------------------------------------
    Incl Zinc
    Zone       172   174.5     2.5  2.83  62.30   1.69  0.16  1.94 0.92 18.7
    -------------------------------------------------------------------------
    & Incl   175.5     182     6.5  5.31 117.01   1.38  1.27  0.11 0.80 30.0
    -------------------------------------------------------------------------
    Incl       178   179.5     1.5   8.6 189.60   1.60  2.21  0.28 1.37 6.17
    -------------------------------------------------------------------------
    

    Cobalt in Hole 19 is disseminated remarkably evenly along a 140.5 metre
intersection (143.5 m to 284 m). The other metals of interest are concentrated
within a 50 metre portion near the top of this mineralized interval (148.5 m
to 198.5 m). This 50 metre section exhibits an excellent average grade of
1.59% copper, 0.89 lb/t cobalt, 0.45 lb/t bismuth, 0.32 g/t gold and 9.2 g/t
silver and contains intervals at higher grades including 6.5 metres of 5.3%
copper, 1.4lbs/t cobalt, 1.3 lb/t bismuth, 0.80 g/t gold and 30.0 g/t silver.
    By comparison, Hole 17, as recently reported, returned assays including
6.5 metres of 3.7% copper, 0.9 lb/t cobalt, 2.1 lb/t bismuth, 0.87 g/t gold
and 26.4 g/t silver (or 19.5 m. of 1.9% Cu, 0.8 lb/t Co, 1.1 lb/t Bi, 0.50 g/t
Au and 13.2 g/t Ag) within a 74 metre intersection 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.
    Cross-section 90N (website Map 15C) has been updated to include Hole 19,
and will be updated again when results from Hole 20, the westernmost hole
shown on the section, are confirmed and published. The deposit is dipping to
the west on this section, and true widths are estimated to be about 60% of
vertical core lengths.
    The presence of significant zinc in Hole 19, together with an apparent
strong magnetic anomaly (see new website Map 15E) indicated on government
airborne geophysical maps, which implies the presence of magnetite iron
formation, raises the possibility of an undiscovered, exhalative
lead-zinc-silver massive sulphide deposit at depth to the west of the holes
drilled to date. Future drilling will include some deep holes to test this
possibility.
    Magnetic iron formations and chloritic copper-bearing alteration pipes
resembling Captain mineralization are commonly associated with the nearby
Bathurst base metal mines in which lead-zinc-silver massive sulphides comprise
the bulk of the ore (e.g. Brunswick No. 12, Brunswick No. 6, Heath Steele and
the Half Mile Lake deposit). Furthermore, Stratabound has previously mined
economic lead-zinc-silver ore less than a mile away from Captain on its CNE
claims.
    Hole 18, the northernmost location to date, was drilled vertically
60 metres north of Hole 19. Low-grade copper-cobalt mineralization is present
for 38.5 metres within a cobalt-bearing pyritic "envelope" stretching for
140.5 metres (143.5 m to 284 m). This hole appears to intersect a pyritic
fringe adjacent to the mineralized zone of greatest interest.

    
    -------------------------------------------------------------------------
                    From        To   Length    Cu      Cu       Co     Gold
    Drill Hole    Metres    Metres   Metres     %    lbs/t    lbs/t     g/t
    -------------------------------------------------------------------------
    CP-18            106     144.5     38.5  0.24     5.29      .32
    -------------------------------------------------------------------------
    Incl.            122       134       12  0.43     9.48     0.40
    -------------------------------------------------------------------------
    Cobalt
    Envelope          69     209.5    140.5                    0.43
    -------------------------------------------------------------------------
    Incl             161     206.5     45.5                    0.72
    -------------------------------------------------------------------------
    Incl.            161     162.5      1.5                    1.43
    -------------------------------------------------------------------------
    & Incl.          168     175.5      7.5                    1.20
    -------------------------------------------------------------------------
    & incl         199.5     205.5        6                    1.55
    -------------------------------------------------------------------------
    Incl           199.5     200.5        1  0.26     5.66     3.58    0.28
    -------------------------------------------------------------------------
    &                204     205.5      1.5                    2.63    0.13
    -------------------------------------------------------------------------

    Drill Hole Collar Information for Captain Holes 18 and 19:

    -------------------------------------------------------------------------
    Hole    Northing    Westing   Elevation    Depth    Azimuth     Dip
    -------------------------------------------------------------------------
    08-18        155        272      149.33      287         90     -88
    -------------------------------------------------------------------------
    08-19       94.9      278.8      148.37    311.6         90     -88
    -------------------------------------------------------------------------
    

    Results of additional drill holes will be announced shortly.

    Half-core samples from Holes 18 and 19 were assayed at Eastern Analytical
Ltd. of Springdale, Newfoundland. 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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Stratabound Minerals Corp.

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