Stratabound Minerals

Gold Exploration in Yukon’s Upper Hyland Gold Corridor

This profile is part of a paid investor education campaign.*

Overview

Stratabound Minerals Corp (TSXV:SB) is an exploration company currently focused on exploring and developing its flagship Golden Culvert project located in the exciting new gold district of the Upper Hyland gold corridor in the Yukon, Canada. The Stratabound project is similar to and is located in near proximity to Golden Predator’s (TSXV:GPY) 3 Aces project, which hosts high-grade gold mineralization that is being developed.

With a 10-year Class 3 exploration permit that runs until 2026, Stratabound is set up to set out on its first phases of exploration, which it will do in the 2018 field season, following the recommendations of a recently released NI 43-101 technical report.

Beyond the ownership of the Golden Culvert project, Stratabound also owns three additional base metals deposits with qualifying NI 43-101 resource estimates including the Captain Copper-Cobalt Deposit in Canada’s New Brunswick province. These sit within the Bathurst Mining Camp and host potential for joint venture opportunities.

Stratabound is led by a exceptional management team with proven experience in advancing projects from exploration to production. This includes board chairman Margaret Kent, who has vast experience raising capital, completing mergers and acquisitions, and leading publicly traded resource companies. She is supported by Stratabound President and CEO Kim Tyler, a mining exploration professional with over 40 years of management and executive experience.

Almost two-thirds of the company’s outstanding shares are in the hands of long-term holders. Management is significantly invested in the company, holding 20 percent of shares, and they are supported by a collective of long-term private shareholders that hold an additional 45 percent.

Investment Highlights

  • Flagship project in safe and stable jurisdiction of Yukon’s Upper Hyland gold corridor accessible by an all-weather season territorial road
  • Within 20 kilometers of Golden Predator’s 3 Aces project that features 39.6 meters of 13.30 g/t gold, 8.0 meters of 50.4 g/t gold and 13.75 meters of 65.31 g/t gold
  • 10-year Class 3 exploration permit running until 2026
  • Strong management team with proven capabilities in developing and advancing projects towards production
  • Invested long-term shareholders and management team together hold 65 percent of shares

Flagship Project: Golden Culvert

In December 2017, Stratabound finalized the acquisition of an option for 100 percent of the 83.8-square-kilometer Golden Culvert project in Canada’s Yukon territory. The project also includes the Little Hyland group land package and sits within the Upper Hyland gold corridor. It is also within 20 kilometers of Golden Predator’s 3 Aces high-grade gold project, which has reported drill results of 39.6 meters of 13.30 g/t gold, 8.0 meters of 50.4 g/t gold and 13.75 meters of 65.31 g/t gold.

stratabound-map

The property is easily accessed by the Cantung road, which is open year-round and has been identified as part of the large infrastructure development package announced by the regional and federal governments in 2017.

Geology

Comparable to the proximal 3 Aces project, the Golden Culvert property hosts an anomaly that measures three kilometers by 250 meters with instances of gold-in-soil of 30 ppb gold to 791 ppb gold. There are also multiple quartz veins of up to 10 meters by 1 meter that are exposed at surface with grades of up to 22.8 g/t gold.

stratabound-claim-group

History

Placer gold was first found on the Golden Culvert property in 1984 at a culvert under the Nahanni Range Road. Stream sediment sampling and subsequent prospecting led to the discovery in 2008 of the Golden Culvert main showing, . which consists of quartz veinhosted gold mineralization located in the creek draining the southeastern corner of the Property. Later, in 2011, both Golden Culvert and Little Hyland were optioned by two junior mining companies that completed soil geochemistry programs, collecting a collective 3,645 soil samples. This program led to the discovery of the primary soil anomaly on the property. A total $564,400 has been spent on the collective property to date. Despite the favorable results exploration funds were hard to raise in 2011 and the properties were turned back to the original prospectors. Stratabound has the right to acquire 100% interest in the properties, subject to an NSR royalty.

Moving forward

The Golden Culvert project has a 10-year Class 3 exploration permit that covers the build of a camp, fuel storage, road building, clearing, trenching, drilling, sampling and a bulk sample extraction of up to 10,000 tonnes until 2026. This means that the company does not need to dedicate additional resources to procuring further permitting for exploring the project.

Moving forward immediately, the company will make use of its Class 3 permit to conduct its first phases of exploration, in line with the recommendations from the NI 43-101 report published in February 2018. The company will launch its exploration activities during the 2018 field season with both trenching and drilling programs.

Additional Properties in the Bathurst Mining Camp

In addition to the company’s Golden Culvert property, Stratabound also holds three properties in the Bathurst Mining Camp in New Brunswick, Canada, one of the largest zinc-lead-silver districts in the world. These properties sit within a 20-kilometer radius of three significant base metal mines including Brunswick No 12, Brunswick No 6 and Heath Steele. All three of Stratabound’s properties show potential for the discovery of zinc-lead-silver-copper volcanogenic massive sulphide (VMS) deposits.

stratabound-project-map

Captain copper-cobalt deposit

The wholly-owned Captain project has seen historical drilling, with results including an intersection of 19.5 meters of mineralization with grades 1.12 percent copper. This included additional intersects of 8.5 meters grading 2.11 percent copper, 0.052 percent cobalt, 12.4 g/t silver and 0.3 g/t gold.

To date, the Captain project has a measured and indicated resource of 1 million tonnes with average grades of 1.03 percent copper, 0.051 percent cobalt and 0.2 g/t gold. It also has an inferred resource of 960,000 tonnes at 0.64 percent copper, 0.039 percent cobalt and 0.12 g/t gold.

Captain North Extension (CNE) zinc-lead-silver deposit

The CNE property was acquired by Stratabound in 1988. Subsequent drilling on the property outlined a high-grade zinc-lead-silver deposit near surface. In the 1990s, Stratabound entered into contracts with Noranda’s Heath Steele Mines to deliver a bulk sample and additional shipments of a total 39,622 tonnes.

In 2013, the company mined an additional 62,720 tonnes of lead-zinc-silver ore which were processed at Xstrata Zinc’s Brunswick No 12 mill, and the resulting concentrates were also acquired by Xstrata.

The average grades of the total 102,342 tonnes of production were 8.84 percent zinc, 3.68 percent lead and 120.18 g/t silver.

Taylor Brook

The Taylor Brook project hosts a deposit with a 605-meter strike length located 11 kilometers northwest of the CNE property and six kilometers from the Heath Steele mine.

It also hosts an indicated resource of 243,000 tonnes at 1.69 percent zinc, 0.85 percent lead, 0.02 percent copper and 33.42 g/t silver. This is supplemented by an inferred resource of 102,000 tonnes at 1.7 percent zinc, 0.87 percent lead, 0.02 percent copper and 35.59 g/t silver.

Management

Kim Tyler, PGeo—President, CEO and Director

Kim Tyler is a mining and exploration professional with over 40 years of progressive management and executive experience in gold, base metals and industrial minerals with companies including Vale, Rio Tinto, Royal Oak Mines and Cominco Ltd. He brings strong technical expertise that includes mine operations management in both open pit and underground mining operations. Since 2007 he has served as President and Director of Canadian Arrow Mines Limited, a junior exploration and development company. During his tenure leading the executive team through exploration to pre-development phases, he has managed successful financings, property acquisitions, NI 43-101 Resource and PEA studies, and various mining agreements including First Nations, custom milling and concentrate off-take agreements. He has also held positions as Manager of Projects Evaluation North America for a TSX listed mid-tier gold producer as well as Operations Manager for two other TSX-listed junior gold development companies.

Tyler is a Professional Geoscientist registered in both British Columbia and Ontario. He has worked within both junior and major mining and exploration environments.

Margaret Kent—Chairman of the Board

Margaret “Peggy” Kent has spent almost 40 years in the resource industry, becoming a leader in the financing and development of new projects and taking on development projects that major companies had passed on. She has been the chairman and CEO of a number of publicly traded resource companies and has been responsible for the development and operation of seven mining operations, and 2,200 employees, with the largest being the $500 million dollar Kemess project in Central British Columbia, Canada.

She has founded four publicly traded companies and several private companies. Over her career she has raised over $1.5 billion of capital in the equity and public and private debt markets for the acquisition and development of mining projects. While Chairman, President and CEO of Royal Oak Mines she conceived and launched a $2.2 billion takeover bid for Lac Minerals and arranged a $600 million standby debt facility.

She is the recipient of several industry awards including Northern Miner’s “Miner of the Year” in 1991, the Prospectors and Developers Association of Canada’s Viola MacMillan Developers Award in 1993, Canadian Financial Post’s “Newsmaker of the Year” in 1994, Canada’s top woman CEOs in 1997 and IBM top 50 women in the world in 1998, and the YWCA Woman of distinction award.

Terrence H. Byberg—VP and Director

Terrence Byberg has 43 years of international mining experience in Canada, USA, Mexico, Greece, Australia and the Philippines, with extensive public company experience in the areas of management, production and operations. His roles include founder and vice president of mining for Chieftain Metals, Inc; founder, president and CEO of Silver Eagle Mines, Inc.; president and COO of Philippine Gold; general manager for Exall Resources; general manager for TVX in Northern Quebec and Greece; and general manager for Royal Oak Mines in Yellowknife, NWT.

He began his career in 1972 with the Dome Group in Red Lake where, during a 17 year period, he worked in all aspects of underground operations. He has held numerous management positions over the years and is well qualified as un underground expert.

Richard Meschke—CFO

Richard Meschke has nearly forty years of experience in financial, legal, corporate development and commercial roles within the mining and engineering industries, initially with major companies and in the junior mining sector. He was Chief Financial Officer and Vice President, legal and corporate development for Century Mining Corporation with operations in Quebec and Peru, and has held similar responsibilities with other junior companies.

During the initial 20 years of his career with AMAX Inc. and its successor, Cyprus Amax Minerals Company, he held executive positions in the energy and base and precious metals groups and at corporate headquarters.

His education includes a law degree and an MBA with concentration in finance.

Michael Page, FAusIMM—VP Exploration and Director

Michael Page is a seasoned exploration geologist with 40 years of exploration experience around the world. He was CEO Maple Minerals Corp., now owned by Trevali Mining Corp, which owns the Caribou mine and mill near Bathurst, New Brunswick. He was previously Vice President of MC Intergeo and was Director for Geological Exploration at MMC Norilsk Nickel, the world’s largest producer of nickel and palladium and one of the leading producers of platinum and copper. Previously he was Vice President of the Ivanhoe Mines group of companies in China and Southern Africa, and Exploration Manager for Golden Shamrock Mines in West Africa and Australia. Before that, he was Chief Geologist Americas with Australian mining giant WMC, and was involved in the exploration of the Olympic Dam uranium-copper-gold-silver ore body, the world’s largest uranium deposit.

R M Robb—Director

Mike Robb has 46 years of international mining experience, with extensive experience in the areas of management, design, construction and operations. He was VP of Development for Silver Standard Resources from 2005 to 2007 where his responsibilities included the design and construction of the Minas Parquitas mine in Argentina.

He has been VP of Mina Magestral (Queenstake) and has served as Director of Operations (Mexico) for Eldorado Gold where he directed the doubling of gold production at the La Colorado mine and the opening of a new mine.

He is a Registered Professional Engineer in Arizona, Nevada and New Mexico. He is also a Member of the PE Exam Committee of the Society of Mining Engineers, author of nine technical papers, and co-author of one patent and one reference book.


 

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