In December 2006, Stratabound optioned 14 claims containing and surrounding a new gold discovery made during the construction of the Trans-Canada Highway near Big Presque Isle Stream, located in western New Brunswick about eight kilometres south of Florenceville near the U.S. border.  Prospecting carried out by the Company’s geologists identified additional gold occurrences as reported in News Releases dated April 9, 2007 and May 2, 2007, and the Big Presque Isle Property was expanded to 79 claims through staking.  These showings, with rock blast grab samples returning up to 6.3 g/t, represent the first mineral occurrences ever found in this district, which has never been explored for gold.

Continued prospecting discovered gold occurrences six kilometres to the north at Lamoreaux Corner, and 49 claims were staked here (News Release dated July 12, 2007).  Stratabound subsequently staked four additional properties along the highway at Aroostook, Beechwood-Upper Guisguit, Four Falls, and St. Thomas.  Stratabound’s land holdings in the area currently amount to 145 claims totaling 5,800 acres (2,350 hectares). 

A small initial drill program in 2007 intersected only weak mineralization.  Additional exploration is being considered, including geophysics, soil geochemistry and prospecting.

- Last updated May 4, 2008

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