- 7 metres grading 3.80 g/t gold in iron carbonate breccia containing
mineralized gabbro fragments
- 45 metres of altered footwall sediments and mafic intrusives grading
0.67 g/t, including 20 metres at 0.87 g/t
SB: TSX Venture Exchange
SBMLF: OTC Bulletin Board
SEC 12(g)3 Exemption No. 82-3284 Issued: 27,467,662 shares
CALGARY, April 9 /CNW/ - Stratabound Minerals Corp. is pleased to
announce that significant gold mineralization is confirmed on the company's
Big Presque Isle claims. The prospect was discovered when a road cut exposed a
zone of strong alteration during recent construction of a new section of the
Trans Canada Highway. The property is located in western New Brunswick about
eight kilometres south of Florenceville. Stratabound's 70 claims comprise a
block roughly 4 kilometres long by 3 kilometres wide.
An outcrop 30 metres x 7 metres in size, situated behind the road cut,
comprises iron carbonate breccia exhibiting abundant mineralized gabbro
fragments. A representative composite grab sample returned 3.80 g/t gold
across its exposed 7 metre width, which may extend further beneath overburden.
A series of composite grab samples, each covering five metres in length,
were taken along the base of the road cut beside the new highway, or
approximately 10 metres below the surface outcrop. The samples comprise
altered sedimentary rocks intruded by gabbroic dykes. The average gold content
across 60 continuous metres is 0.53 g/t, including 45 metres grading 0.67 g/t,
or 20 metres of 0.87 g/t, including 5 metres at 1.50 g/t and 5 metres at
1.47 g/t. Fifty metres to the north, another gabbro dyke assayed 1.33 g/t in a
composite grab sample from the northernmost five metres of the road cut, and
this exposed mineralization may also extend further beneath the overburden
cover beyond the road cut.
Preliminary geological mapping indicates the gold-pyrite-arsenopyrite
mineralization is associated with Silurian-age argillaceous limestone
interbedded with calcareous shale and quartzite which have been injected by a
swarm of gabbro and diabase dykes along a major fault zone, all intersected by
two directions of pervasive cross-faulting. These represent potentially
favourable conditions for fluid movement and ore deposition. The Company has
staked the entire dyke swarm thought to be associated with the mineralization.
Short-term plans are focused on drilling, in addition to prospecting,
mapping, magnetic and induced polarization geophysics and soil sampling.
Photos of the mineralized road cuts are posted on the Company's website,
www.stratabound.com, in the "What's New" column.
The geological environment of the Big Presque Isle Property is similar to
that of Stratabound's Elmtree Property in northern New Brunswick, where the
Company has recently completed an extensive and successful drilling program.
Rocks were submitted for analysis to ALS Chemex Laboratories in Sudbury,
Ontario. Gold was assayed by fire assay with atomic absorption finish. 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 Minerals Corp. is a Canadian junior mining and exploration
company currently active in the prolific Bathurst mining district of northern
New Brunswick, and in two mineral-rich regions of northern 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, email@example.com, www.stratabound.com