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Stratabound announces drill results
SB: TSX Venture Exchange Issued: 78,412,611 shares CALGARY , Jan. 23, 2014 /CNW/ - Stra...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"\n\nSB: TSX Venture ExchangeIssued: 78,412,611 shares\n\n\n\nCALGARY, Jan. 23, 2014 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) announces results of its drilling program completed in late 2013 in northern New Brunswick.\n\nEight holes totaling 1,160 metres were drilled to test non-outcropping electromagnetic conductors on the wholly owned CNE/Captain block of claims.  Six of these were found to be caused by graphite or disseminated metallic sulphides of no economic interest.  The other two holes appear to have passed above their intended targets near the CNE and Captain mineral deposits, and will require downhole geophysical surveying before completion of their testing.  As a result of this drilling the CNE Mine footwall contact was established, trending northeasterly.  Additional geophysics is required to follow the trend.\n\nOne hole was drilled on the optioned Commander claims located north of the CNE/Captain claim group.  This hole intersected several narrow intervals carrying high copper and silver levels, and anomalously high amounts of zinc, lead, and gold.  Results are shown in the following table:\n\n\n\n\n\nFrom\n\n(m)\n\n\nTo (m)\n\n\nLength\n\n(m)\n\n\nCu %\n\n\nPb %\n\n\nAg g/t\n\n\nZn %\n\n\nAu g/t\n\n\n\n\n48.5\n\n\n49\n\n\n0.5\n\n\n3.54\n\n\n0.13\n\n\n12.90\n\n\n0.27\n\n\n0.47\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n54.5\n\n\n55\n\n\n0.5\n\n\n4.31\n\n\n0.77\n\n\n26.40\n\n\n1.90\n\n\n1.07\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n133\n\n\n137\n\n\n4.0\n\n\n1.33\n\n\n0.02\n\n\n2.29\n\n\n0.03\n\n\n0.122\n\n\n\nincl\n\n\n134\n\n\n135.5\n\n\n1.5\n\n\n2.93\n\n\n0.02\n\n\n5.00\n\n\n0.07\n\n\n0.26\n\n\n\nincl\n\n\n134.5\n\n\n135\n\n\n0.5\n\n\n4.95\n\n\n0.05\n\n\n9.40\n\n\n0.11\n\n\n0.46\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n141\n\n\n144\n\n\n3.0\n\n\n0.31\n\n\n0.56\n\n\n26.00\n\n\n0.50\n\n\n0.12\n\n\n\nincl\n\n\n142\n\n\n143\n\n\n1.0\n\n\n0.26\n\n\n1.01\n\n\n42.40\n\n\n0.71\n\n\n0.13\n\n\n\n\n\n\n\n\n\n\n\nThe Company further announces that, subject to exchange approval, it has agreed to issue 950,000 units, each unit consisting of one share and one warrant exercisable for 5 years at $0.05, in full settlement of an arms-length 1% net smelter return royalty debt of $70,948.15 payable following production from the CNE Mine.  These shares and warrants will be subject to a 4 month hold period from the date of issue. \n\n...