SB Stratabound Minerals Corp

SB: TSX Venture Exchange                                                 

Highlights

• Drill hole intersects total of 10.7 metres of pyritic zinc-lead-silver mineralization in two semi-massive to massive sulphide zones
• 80 metres down dip from nearest previous hole
• Increases in thickness and grade compared with the 1977 up-dip intersection, combined with strong geophysical responses and limited drilling, suggest exploration potential both near surface and at depth

CALGARY, Nov. 11, 2014 /CNW/ -Stratabound Minerals Corp. (TSX.V: SB) is pleased to announce assay results received from the hole recently drilled on its 100%-owned Taylor Brook property in the Bathurst Mining Camp of northern New Brunswick. 

This hole was drilled to probe for mineralization beneath a shallow hole drilled in 1977 by a previous owner, which intersected 3.1 metres of sulphides containing 1.6% zinc, 0.4% lead, and 17.1 g/t silver, including 0.7 metre that graded 4.0% zinc, 1.1% lead and 34.3 g/t silver.

The improvement in thickness and grade in TBD-14-39 compared to the up-dip 1977 hole, combined with strong HLEM and dipole-dipole IP responses and limited drilling, suggests good exploration potential both near surface and at depth.

The two mineralized zones were found beneath a magnetite iron formation.

The upper zone is 2.7 metres thick, while the lower zone is 8.0 metres thick.  Both consist of bedded semi-massive to massive sulphides containing pyrite, reddish-brown sphalerite, and galena, interbedded with fine grained, dark chloritic tuff and light grey chert.

The sulphide zones are separated by 6.6 metres of chloritic felsic ash tuff carrying fine grained bedded pyrite with minor sphalerite.  An increase in sphalerite or galena content within this lightly mineralized intervening tuff unit could greatly increase the overall thickness of mineralization.

The mineralization intersected by drill hole TBD-14-39 is situated about 80 metres down dip of the 1977 intercept.  The mineralized strata exhibit a shallow south dip of about 30 degrees between the two holes.  As TBD-14-39 was inclined 60 degrees and drilled north, the true thicknesses are very close to those shown in the table.

Drilling has been progressing on the Captain and Commander properties.  Additional details will be provided as assays are completed, received, and evaluated.

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.