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Stratabound Options Additional Property Adjacent to Golden Culvert, Yukon Territory
Toronto, Ontario--(Newsfile Corp. - January 14, 2021) - Stratabound Minerals Corp. (TSXV: SB)...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Options Additional Property Adjacent to Golden Culvert, Yukon TerritoryToronto, Ontario--(Newsfile Corp. - January 14, 2021) - Stratabound Minerals Corp. (TSXV: SB) (OTC Pink: SBMIF) (\"Stratabound\" or the \"Company\") announced today it has concluded an arms-length option agreement (the \"Win Option\") to acquire an additional 78 quartz mining claims covering an area of 15.7 km2 adjacent to and along strike of its Golden Culvert and Little Hyland projects in the southeastern Yukon Territory. The Company now controls a total of 99.1 km2 along approximately 28 km of favourable strike in the developing Hyland Gold Trend.The Win Option lies strategically along the main Golden Culvert Gold Trend where it projects approximately 11 km directly southeast of the Main Discovery area (Figure 1). The Win Option has been subjected to minimal historic exploration which has neither been gold-focussed nor occurring within the projected gold trend. Even so, one historic off-trend grab* sample yielding 0.52 g/t gold,100 g/t silver and 0.63% lead has been confirmed by the Company's 2020 due diligence site investigation which yielded two outcrop samples assaying 0.64 g/t gold, 155 g/t silver,1.25% lead and, 0.46 g/t gold, 28.8 g/t silver, respectively.(*Note: Grab samples are selective by nature and may not represent the true grade or style of mineralization)Figure 1.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4064/72070_87fa1bd13437cbee_002full.jpgMr. R. Kim Tyler, President and CEO of the Company stated, \"We are very pleased to have concluded a successful option agreement on the Win Property and the increased opportunity it affords to find more gold occurrences such as found to date along the Golden Culvert and the parallel 3 Aces trends. We look forward to including it in our exploration plans along with the Golden Culvert and Little Hyland Projects in 2021.\" Win Option Agreement:Stratabound has signed a definitive option agreement (the \"Agreement\") which sets out the terms under which Stratabound has the option to earn 100% interest in 78 claims comprising 15.7 km2 located south of the Company's existing optioned claims through cash payments and share issuances. Upon execution of the Agreement, Stratabound shall make a cash payment of $13,400 and within 10 days of execution o...