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Stratabound Reports 2.26% Copper Equivalent Across 7.5m True Width Near Surface at Captain Deposit, Bathurst District, New Brunswick
Highlights: Includes a high-grade core grading up to 4.06% Cu, 0.048% Co, 0.881 g/t Au an...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Stratabound Reports 2.26% Copper Equivalent Across 7.5m True Width Near Surface at Captain Deposit, Bathurst District, New BrunswickHighlights:Includes a high-grade core grading up to 4.06% Cu, 0.048% Co, 0.881 g/t Au and 17.5 g/t Ag for a 5.13 CuEq% (1) across 1.3m true width. Drilling designed to evaluate high-grade, near-surface copper/cobalt/gold/silver mineralization across 120m of strike and 8m average true width.Assays pending on nine more holes.Project located 100km by road to the deep-water port of Belledune, New Brunswick and 40km by road to the nearest railroad. Company investigating small-scale, high-grade, direct-shipping mining project to generate near-term cash-flow. Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - Stratabound Minerals Corp. (TSXV: SB) (OTC Pink: SBMIF) (\"Stratabound\" or the \"Company\") reports initial assay results for the first six of fifteen drill holes completed on its 100% owned Captain copper/cobalt/gold/silver Deposit located along the \"Brunswick Horizon\", within a 20km radius and the same stratigraphic contact that hosts the world-class Glencore Brunswick No.12 and No.6 mines with past production totaling an aggregate 149.4 million tons of 8.72% zinc, 3.3% lead, 0.35% copper and 99 g/t silver,(2) (Figure 3.) The Captain is a volcanic massive sulphide, or VMS-type deposit, similar to the above described deposits, (2) (source: Government of New Brunswick DNR Mineral Occurrence Database). The Captain Deposit is also strategically located 100km by road access south of the deep-water port of Belledune near Bathurst, New Brunswick. 1,100 metres of drilling were completed on December 3, 2020. Assay results are only now being received due to heavy back-logs in commercial assay labs. The Captain Deposit hosts an NI 43-101 Measured and Indicated Resource totaling 448,000 tonnes averaging 1.75% Cu, 0.046% Co, and 0.30 g/t Au for a 2.2% CuEq%(1), plus an inferred resource of 162,000 tonnes averaging 1.47% Cu, 0.04% Co and 0.24 g/t Au for a 1.87% CuEq%(1), (\"Technical Report on an Updated Mineral Resource Estimate, Stratabound Minerals Corp. Captain Cu-Co Deposit\"; Mercator Geological Services Limited, Dec. 8, 2010). Drilling on the Captain Deposit now totals 10,452m over 53 holes across 120m of strike and is open beyond the deepest intersection to date at 359m yielding 1.12% Cu over a d...