Stratabound's fourth CNE hole intersects thickest high-grade section to date:
17 metres of 8.2% zinc, 3.1% lead, 103.5 g/t silver
SB: TSX Venture Exchange Issued: 54,713,168 shares
As in the previous three holes, CNE-09-04 intersected sulphide mineralization directly below the overburden cover, indicating the full width has not been drilled and should extend westerly. The 48.5 metre mineralized intersection from 20m to 68.5m contains, on average, higher grade lead-zinc-silver-copper-cobalt-gold mineralization than the potentially open-pittable intersections seen in the first three holes. Furthermore, the 17 metre interval from 28.5m to 45.5m represents the thickest section of high-grade massive sulphide mineralization intersected in any of the four holes.
CNE-09-04 was collared west of CNE-09-01, and was drilled parallel to the first hole, passing 25 metres beneath it. See Map 15H on company's website, www.stratabound.com.
------------------------------------------------------------------------- CNE-09-04* ------------------------------------------------------------------------- Inter- Zinc+ From To val Zinc Lead Lead Silver Gold Copper Cobalt Cobalt Metres Metres Metres % % % g/t g/t % % lb/t ------------------------------------------------------------------------- 20 68.5 48.5 4.28 1.37 5.65 55.1 0.38 0.17 0.024 0.53 ------------------------------------------------------------------------- incl ------------------------------------------------------------------------- 28.5 45.5 17 8.19 3.06 11.25 103.5 0.62 0.31 0.042 0.93 ------------------------------------------------------------------------- incl ------------------------------------------------------------------------- 28.5 29.5 1 15.2 3.80 19 65.4 0.57 0.14 - - ------------------------------------------------------------------------- and incl(xx) ------------------------------------------------------------------------- 29.5 33.5 4 3.08 0.65 3.73 104.1 0.77 1.15 0.17 3.82 ------------------------------------------------------------------------- and incl ------------------------------------------------------------------------- 33.5 45.5 12 9.30 3.80 13.10 106.4 0.57 - - - ------------------------------------------------------------------------- incl ------------------------------------------------------------------------- 35 38.5 3.5 15.61 7.31 22.92 246.8 0.77 - - - ------------------------------------------------------------------------- and incl ------------------------------------------------------------------------- 54 55 1 22.1 8.75 30.85 324.1 1.43 - - - ------------------------------------------------------------------------- * Drillhole CNE-09-04 was 141 metres in length, inclined at 45 degrees and drilled from west to east. (xx) Copper-cobalt zone
Zinc is present throughout the 48.5 metre overall interval and persists for an additional 26 metres at anomalously high levels ranging from 0.1% to 1.2%. The most lead-enriched intervals are 25.5m to 29.5m, 33m to 47m, and 54m to 55m. Silver is present at high levels throughout the 48.5 metre zone, with a peak assay value of 920.4 g/t from 35m to 35.5m. Anomalously high silver values of 6.9 to 24.9 g/t persist for an additional 13 metres beyond the zone. Gold grades (0.4 to 1.4 g/t Au) are higher across the 48.5 metre interval than in drillholes 1 to 3.
A copper-cobalt zone is apparent from 29.5m to 33.5m, which has returned the highest grade cobalt interval (0.17% Co = 3.8 lb/t) found to date in drilling on both the CNE lease and the
Drilling is scheduled to resume in mid-February and access roads are currently being cleared of snow. A minimum of six holes is planned, testing north, south, west and beneath the 2009 holes.
Exploration of the CNE and Captain properties is under the supervision of
The technical information contained in this release has been reviewed by
About Stratabound Minerals Corp.
Stratabound is a Canadian natural resource company exploring and developing 100%-owned gold and base metal properties in eastern
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: Stan Stricker, P. Geol, President, (403) 258-3630, [email protected], www.stratabound.com
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