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Stratabound Files Updated NI 43-101 Technical Report on Fremont Project, CA, Confirming Increases to Both Indicated and Inferred Mineral Resources
Toronto, Ontario--(Newsfile Corp. - October 15, 2021) - Stratabound Minerals Corp. (TSXV: SB) ...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Files Updated NI 43-101 Technical Report on Fremont Project, CA, Confirming Increases to Both Indicated and Inferred Mineral ResourcesToronto, Ontario--(Newsfile Corp. - October 15, 2021) - Stratabound Minerals Corp. (TSXV: SB) (OTCQB: SBMIF) (\"Stratabound\") announces that it has filed on SEDAR an updated National Instrument 43-101 technical report (the \"Technical Report\") relating to the Company's Fremont Gold Property (the \"Property\") located in the Mother Lode Gold Belt of California. The Technical Report, which was prepared by SLR Consulting (Canada) Ltd. (SLR), has an effective date of September 30, 2021 and is entitled \"Technical Report on the Fremont Gold Project, Central California, USA, Report for NI 43-101\". The Company acquired the Fremont Project through a plan of arrangement under the Business Corporations Act (Ontario) announced in its press release of August 16, 2021. The Property hosts several gold-mineralized occurrences including the Pine Tree-Josephine deposit, (the \"Deposit\") for which an historic Mineral Resource estimate was prepared in 2016 by Roscoe Postle Associates Inc. (RPA), now part of SLR. The purpose of the Technical Report is to support the disclosure of an updated Mineral Resource estimate for the Pine Tree-Josephine deposit, to document subsequent exploration work done elsewhere on, and to document the change of ownership for the Property. Open pit Mineral Resources estimated at a 0.4 g/t Au cut-off grade and based on a gold price of US$1,800 per ounce include 10,236,000 tonnes at an average grade of 1.60 g/t Au for 526,000 ounces in the Indicated Resource category and 10,920,000 tonnes at an average grade of 1.29 g/t Au for 452,000 ounces in the Inferred Mineral Resource category (Table 1). Mineral Resources conform to Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Resources dated May 10, 2014 (CIM (2014) definitions).Table 1: Mineral Resource Summary - August 31, 2021 Stratabound Minerals Corp. - Fremont Gold ProjectClassificationTonnes(kt)Gold Grade(g/t)Contained Ounces(koz Au)Indicated10,2361.60526Inferred10,9201.29452 Notes:CIM (2014) definitions were followed for classification of Mineral Resources.Mineral Resources are estimated at a cut-off grade of 0.4 g/t Au.Mineral Resources are estimated u...