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Stratabound Acquires 100% Ownership of Golden Culvert Property and Investigates New Reduced Intrusion-Related Gold Systems, Tombstone Gold Belt, Yukon Territory
Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - Stratabound Minerals Corp. (TSXV: SB) (O...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Acquires 100% Ownership of Golden Culvert Property and Investigates New Reduced Intrusion-Related Gold Systems, Tombstone Gold Belt, Yukon TerritoryToronto, Ontario--(Newsfile Corp. - December 7, 2023) - Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) (\"Stratabound\" or the \"Company\") is pleased to announce it has completed all option agreement commitments and has now acquired an undivided 100% mineral rights interest in the Golden Culvert and the adjacent Little Hyland (collectively \"Golden Culvert\") gold properties, Tombstone Gold Belt, Yukon Territory.President and CEO Mr. R. Kim Tyler remarked, \"Our Yukon Tombstone Gold Belt assets have been overlooked in the capital market and media despite the recent discovery success of Snowline Gold, Rackla Metals, and Banyan Gold as well our own successes on our neighbouring properties. (Figure 1). Our focus to date has been on the orogenic-type gold deposit model, however given the recent spectacular results by Snowline Gold's Reduced Intrusion-Related Gold System, or \"RIRGS\" deposit-type target at its Rogue Property, we have been compiling and reviewing compelling evidence for similar RIRGS potential on our Tombstone Gold Belt properties including recorded and unrecorded new intrusions discovered on our claims that may be related to the gold discoveries made on the properties to date. We expect to release further disclosure as the work proceeds.\" He further remarked, \"It is clear that our Golden Culvert and Win properties, relative to our peers is significantly undervalued.\"Golden Culvert Property Highlights:200 km south along strike of Snowline Gold's Valley occurrence, Rogue Project, and adjacent to Seabridge Gold's 3 Aces 5,401 g/t Au discovery site. Locally at Discovery site, 130m-wide corridor of six parallel gold-bearing quartz vein, breccia and wall-rock mineralized structures hosted in meta-sediments open beyond 970 m on strike and 225 m at depth defined to date by 25 diamond drill holes and 24 trenches on the Main Discovery site only:All 25 drillholes, (4,500m) encountered gold mineralization in one or more of the 6 parallel gold-bearing structures up to 60.1 g/t Au over 0.9m within 2.53 g/t Au over 33m Regionally across 24 km of property strike, multiple new unexplored gold-in-soil anomalies yielding up to 1,050 parts per billion (ppb) gold occurr...