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Stratabound Increases Land Position by 110% at McIntyre Brook, NB Gold Project
Toronto, Ontario--(Newsfile Corp. - November 10, 2020) - Stratabound Minerals Corp. (TSXV: SB...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Increases Land Position by 110% at McIntyre Brook, NB Gold ProjectToronto, Ontario--(Newsfile Corp. - November 10, 2020) - Stratabound Minerals Corp. (TSXV: SB) (OTC Pink: SBMIF) (\"Stratabound\" or the \"Company\") announced today it has concluded an arms-length option agreement (the \"Tardiff Brook Option\") to acquire an additional 7 claims covering an area of 26.75 km2 of prospective ground adjacent to its already optioned McIntyre Brook Iron Oxide-Copper-Gold, (IOCG), project (\"the \"Project\") in northern New Brunswick. The Company also announced it has amended the terms of its existing McIntyre Brook option agreement to include an additional adjacent claim totaling 4.5 km2 bringing the total package to 59.5 km2, an overall increase of 110.6%. The total acquisition package will extend the width component from an average 1.5 km to approximately 7 km along the 12 km of favourable strike of the original claim group. The Project features the Main Showing, as defined in Figure 1 below, featuring 40 grab and trench samples grading between 0.25 to 43.1 gpt gold* in a newly recognized Iron oxide-Copper-Gold (IOCG) style of mineralization hosted in brecciated rhyolite host rocks along 300m of open-ended strike as reported in previous press releases. The new ground acquired features grab samples of quartz veins in bedrock grading 2.4, 2.5 and 7.9 g/t Au taken by the owner in 2019, plus mineralized float of 16 g/t Au located approximately 3.5 km south-east of the McIntyre Brook Main Showing. See Figure 1 below.Puma Exploration Inc. have recently announced high-grade gold values from 7 selective rock samples between 109.5 g/t to 2.94 g/t gold* taken from outcrop located approximately 2.5km west of Stratabound's newly enlarged McIntyre Brook Property, (Puma Exploration Inc. September 1, 2020 press release). (*NOTE: Grab samples are selective by nature and may not represent the true grade or style of mineralization.)Tardiff Brook Option Agreement:Stratabound has signed a definitive option agreement which sets out the terms under which Stratabound has the option to earn 100% interest in 7 claims comprising 2,675 hectares (26.75 km2) located north and south of the Company's existing optioned claims through cash payments and share issuances. Stratabound will issue 200,000 common shares to the owners, subject to TSXV approval. ...