Stratabound’s exploration for base metals during 2007 and early 2008 focused largely on its 100%-owned Captain claims, located within the Bathurst Mining Camp.  The property is situated 20 kilometres south of Xstrata’s world-class Brunswick No. 12 Mine and 10 kilometres east of Heath Steele Mines, a major past producer.

Core from Captain drill hole #1. (Click to enlarge).

Drilling at Captain was partially funded by a $100,000 grant awarded to Stratabound by the province of New Brunswick Deposit Evaluation Program (NBDEP) to determine whether an economic copper-cobalt-gold deposit reaches surface and can be mined with open pit methods.

As of this update Stratabound has announced assay results from the first 10 drill holes (see News Releases dated October 12, 2007, December 20, 2007, January 24, 2008, February 27, 2008, and April 24, 2008).  Nineteen holes have been completed to date, and results will be released following receipt and evaluation.

Results have been extremely positive, indicating a potentially economic-grade, near-surface copper-cobalt deposit, with appreciable gold, silver and bismuth values.  The deposit is believed to be striking roughly north/south, dipping 60 degrees to the west, and plunging to the south.  The mineralization is open along strike, down dip, and down plunge.

Stratabound's 100%-owned Bathurst Camp properties (4,234 hectares) comprise the CNE/Captain claims, CNE Mining Lease, Nepisiguit Brook, Taylor Brook and Taylor Brook East Extension claim groups.  They host three known base metal sulphide bodies: the Captain, CNE and Taylor Brook deposits.  The CNE deposit was explored and developed by Stratabound from 1988 to 1990, and was operated by the Company as a small, profitable zinc-lead-silver-gold open pit mine from 1990 to 1992.

For project news releases, maps and photos, click on green menu (top right).