November 2, 2012: Stratabound Reports Cu-Au-Ag Intersections on Optioned Property
September 10, 2012: Stratabound to drill CMD's Optioned Claims
July 29, 2010: Commander Options New Brunswick Properties to Stratabound Minerals
The Nepisiguit- Stewart property is in the prolific Bathurst Mining Camp. It was acquired in 1996 by optioning claims from Rio Algom Limited (Rio Option) and private claim owners (Stewart Option). Commander owns 100% subject to a 2.75% NSR on the Nepisiguit property and a 1% N.S.R. on the Stewart property. The Nepisiguit property NSR is subject to a buy-down provision for Commander of 1.75% NSR for $1.5 million that may be exercised at any time.
Three world class base metal mines occur within 15 kilometers of the property boundary. Adjacent to the southern propterty boundary is the C.N.E. deposit hosting 424.570 tonnes of 2.04% Pb, 5.66% Zn and 69.3 g/t Ag.
Drilling has encountered significant base metal mineralization over mineable widths. Interpretation and drill target selection is complicated by the intense structural deformation characteristic of the Brunswick Camp. This deformation plays an integral role in localizing and improving both grade and tonnage of massive sulfide deposits.
Geophysical surveying has identified more than 5 kilometres of anomalous features requiring drill testing. These anomalies are up to 600 metres wide.
Heavily disseminated to semi-massive sulphides were found to the west on the Rio Option. This occurrence is believed to represent a more distal fringe zone to a possible larger accumulation of massive sulphides. This potential fringe zone has been intersected in four drill holes spaced along a 1.8 kilometre strike length. The 15.5 metre intercept of hole 97-23 is from within this zone.
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