Business
Stratabound's Elmtree Gold Property Moves Towards Feasibility
Dec. 22, 2010 (Canada NewsWire Group) -- SB: TSX Venture Exchange     &#x...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"\n\n\n\n Dec. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nSB: TSX Venture Exchange       \n\n\nIssued: 62,745,111 shares\n\n\nCALGARY, Dec. 22 /CNW/ - Stratabound Minerals Corp. (TSX.V:SB) is pleased to report the results of a 4,000 metre drill program\n completed by Castle Resources Inc. ("Castle") on the West Gabbro Zone\n (WGZ) of Stratabound's Elmtree Gold property near Bathurst, New\n Brunswick.  Castle has been funding and exploring the Elmtree property\n under a three-year option agreement with Stratabound.  Under terms of\n the agreement, Castle can earn a 60% interest in the property by\n issuing 200,000 common shares of Castle to Stratabound on signing,\n making staged payments of $200,000 by June 1, 2012 and spending\n $2,500,000 on exploration, including minimum annual exploration\n expenditures of $750,000.  Castle can acquire another 10% by paying\n Stratabound $1,000,000 within 90 days of acquiring the initial 60%.\n\n\nThe following text is taken from Castle's December 20, 2010 press\n release:\n\n\n\nInfill drilling completed to move resource to Measured and Indicated as\n part of ongoing feasibility by Micon International\n\n\nFeasibility to be released Q1 2011; Production targeted Q4 2011\n\n\nEnvironmental permitting process underway\n\n\n\n"The Company recently completed a 4,000 metre infill diamond drill\n program on the West Gabbro Zone ("WGZ") of the Elmtree Property near\n Bat...