SB: TSX Venture Exchange
CALGARY, Sept. 24, 2014 /CNW/ - Stratabound Minerals Corp.
(TSX.V: SB) announces that a drilling program is underway on its
properties in the Bathurst Mining Camp of northern New Brunswick, beginning with Taylor
Brook. The drill will move on to the company's 100%-owned
Captain claims within two weeks, following a pause for the moose
hunting season, and then to the 65%-optioned Commander
property.
One hole has been completed on the 100%-owned Taylor Brook
property. The hole was drilled to probe for mineralization
beneath a shallow hole drilled by a previous owner in 1977, which
intersected a 3.1 metre thick sulphide zone containing 1.6% zinc,
0.4% lead, and 0.5 oz/ton silver, including 0.7 metre that graded
4.0% zinc, 1.1% lead and 1.0 oz/ton silver.
The new hole has intersected two sulphide zones beneath a narrow
magnetite iron formation. A 2.7 metre thick upper zone
contains 10% to 25% sulphides with thin (5 to 10 centimetre)
semi-massive sulphide sections and modest amounts of zinc and
lead. A lower 7.9 metre thick mineralized zone contains 10%
to 60%, locally semi-massive sulphides with visible zinc and lead
bands and stringers, in apparently higher concentration than the
upper zone. Mineralized drill core is being split and will be
submitted for assay. Additional details will be provided when
assays have been completed and received.
The technical information contained in this release has been
reviewed by John Duncan, P.Geo. and
Stan Stricker, P.Geol., Qualified
Persons as defined in National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
WARNING: the Company relies upon litigation protection for
"forward looking" statements. The information in this release may
contain forward-looking information under applicable securities
laws. This forward-looking information is subject to known
and unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those implied by the
forward-looking information. Factors that may cause actual
results to vary materially include, but are not limited to,
inaccurate assumptions concerning the exploration for and
development of mineral deposits, currency fluctuations,
unanticipated operational or technical difficulties, changes in
laws or regulations, the risks of obtaining necessary licenses and
permits, changes in general economic conditions or conditions in
the financial markets and the inability to raise additional
financing. Readers are cautioned not to place undue reliance
on this forward-looking information. The Company does not
assume the obligation to revise or update this forward-looking
information after the date of this release or to revise such
information to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities
laws.
SOURCE Stratabound Minerals Corp.