The two latest drillholes at the Taylor Brook property in northern New Brunswick have intersected sulphide mineralization at the geological projection of the known sulphide zone.
Owner Stratabound Minerals (SB-A) drilled two new holes at a depth of 1,400 ft. each, dipping 70 and 80, respectively, toward the northeast. A 40.9-ft.
sulphide interval was hit in Hole 25, including: 3.3 ft. of 0.41% zinc and 0.16% lead, plus 2.22 oz. silver per ton; 3.3 ft. of 3.04% zinc, 1.65% lead, 3.09 oz. silver and 0.02 oz. gold; and 4.2 ft. of 2.91% zinc, 2.27% lead and 3.27 oz. silver. The top zone was hit at the 738.7-ft. level, and the bottom of the third zone was reached at 776.4 ft.
In hole 26, Stratabound hit 47 ft. of 1.02% zinc, 0.35% lead and 0.34 oz.
silver, including an 8.6-ft. interval of 1.97% zinc, 0.55% lead and 0.6 oz.
silver per ton. The mineralization lay between the 1081.3-ft. and 1128.3-ft.
marks.
Magnetite iron formation fragments, grains and clasts are present through an interval at least 44 ft. thick, overlying the sulphide zone found in Hole 26.
Similar features have been noted in Hole 17, and in several economic mineral deposits in the Bathurst base-metal camp.
No significant new mineralized zones were encountered beneath the known deposit.
Ground geological, geophysical and geochemical surveys are in progress at Taylor Brook, and the results of airborne surveys funded by the Canada-New Brunswick Co-operation Agreement on Economic Diversification will be released shortly. These surveys cover all of Stratabound’s more than 16,000 acres in the Bathurst camp.
Stratabound is also scheduled to begin drilling its large Swan base metal property in north-central British Columbia. At least four initial holes are planned, including two that will test surface mineralization that assayed 12.6% zinc, 1% lead and 1.1 oz. silver per ton across a trenched width of 19.7 ft.
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