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Stratabound Commences 2020 Exploration at Golden Culvert and Provides Update
Toronto, Ontario--(Newsfile Corp. - July 14, 2020) - Stratabound Minerals Corp. (TSXV: SB) ("S...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Commences 2020 Exploration at Golden Culvert and Provides UpdateToronto, Ontario--(Newsfile Corp. - July 14, 2020) - Stratabound Minerals Corp. (TSXV: SB) (\"Stratabound\" or \"the Company\") announces that an advanced field team has commenced exploration work at its Golden Culvert gold project located in the Yukon Territory. A first-phase program is underway in preparation for a second-phase drilling program planned for later in the season. The first-phase includes soils and rock geochemistry, ground geophysics, and geological surveys on property-wide targets across the remaining underexplored 24-km property strike length extending either side of the Main Discovery area that has been the focus of close-spaced, detailed work conducted to date. The Company has received approval from the Yukon Ministry of Community Services for the Company's COVID-19 alternative self-isolation plan and has also been approved for government funding through the Yukon Mining and Exploration Program (YMEP). All permits, notices and approvals are in place to conduct planned work this season.Detailed Work Completed to DateAbout 80% of the exploration work to date has been centred around only 570m of strike along the Main Discovery area located in the centre of the Golden Culvert claim block where gold-bearing quartz veins and breccia yielding numerous chip samples grading between 7.7 to 22.8 gpt gold were first discovered in 2008. The Main Discovery area rests at the approximate centre of a 3km by 250m wide +30 ppb gold-in-soil anomaly that remains open-ended in both directions and virtually unexplored to the full 24-km property strike length. Since acquiring the property in 2017 the Company has completed 24 close-spaced trenches, 8 diamond drill holes and geological mapping across the Main Discovery area in detail during its 2018 and 2019 programs. These programs have identified an open-ended 130m wide corridor of six parallel gold-bearing quartz vein and breccia structures consistently carrying gold values between 0.34 g/t Au over 5.3m and up to 95.0 g/t Au over 1.5m on the six parallel structures.New 2019 Discovery and Property-scale ProgramA new gold-bearing vein grading 0.92 g/t over 2m wide was discovered at the end of the 2019 field season 7.1km directly along strike of the Main Discovery Area. The area in-between has not been explore...