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Stratabound Commences 2022 Work Program at Fremont Gold Project
Toronto, Ontario--(Newsfile Corp. - March 23, 2022) - Stratabound Minerals Corp. (TSXV: SB) (O...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Commences 2022 Work Program at Fremont Gold ProjectToronto, Ontario--(Newsfile Corp. - March 23, 2022) - Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) (\"Stratabound\" or the \"Company\") is pleased to announce exploration work has commenced on its Fremont Gold Project in the Mother Lode Gold Belt of central California. Preliminary mine development plans are also underway including baseline environmental and engineering studies.Exploration WorkThe first phase of exploration work includes excavating 10 surface trenches at 50-metre intervals across 500 metres of strike overlying the Queen Specimen Zone. The Queen Specimen Zone is the northern-most of four separately drilled gold-mineralized zones that are connected across 4 kilometres of strike on surface by a >30 ppb gold-in-soil anomaly. To date only one of these zones, the Pine Tree-Josephine (\"PTJ\") Deposit, has a defined NI 43-101 Mineral Resource Estimate1) (\"MRE\"). The PTJ Deposit features 526,000 ounces at an average grade of 1.60 g/t Au in the Indicated, plus 452,000 ounces at an average grade of 1.29 g/t Au in the Inferred 1) MRE categories, respectively. The PTJ Deposit covers only one km of the four km of anomalous gold-in-soil mineralization and extends only to about 300m from surface; nearly half the depth of historic high-grade underground mine production which remains open beyond. Starting with Queen Specimen, the Company plans to expand the MRE across the remaining 3 km of strike and to depth through additional trenching and drilling campaigns planned this year.Systematic sampling of the trenches is designed to define the at-surface gold mineralization projected from diamond and reverse-circulation (\"RC\") drill holes extending from 300 metres below surface. (Figure 1.) The entirety of work will be incorporated into a revised NI 43-101 MRE update later this year.Figure 1: Queen Specimen Cross Section 26400 NTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4064/117735_1ba8f47384f23ac5_002full.jpgMine Development ActivitiesThe Company is also pleased to report that its baseline environmental program has also commenced. The Company is re-establishing and upgrading water sampling points and monitoring groundwater wells for routine environmental sampling. These pre-production sampling studies are a c...