Stratabound Minerals Corp. announced it has commenced the 2022 field program at its McIntyre Brook Gold Project located adjacent to Puma Exploration Inc.'s Williams Brook high-grade gold project in northern New Brunswick. Both projects lie in the Triple Fault Gold Belt, the newest emergent Maritime gold district, that lies within the Iapetus Suture Zone, an intercontinental geological feature, that also encompasses New Found Gold's Queensway and Marathon Gold's
Valentine Lake projects, amongst others in Newfoundland and Nova Scotia, as well as Dalradian Gold's high-grade Curraghinalt gold mine in Ireland.
The Company is also to announce it has received approval for an exploration funding grant of up to CAD 30,000 from the New Brunswick Junior Mining Assistance Program (NBJMAP) to be applied towards this season's expenditures on McIntyre Brook. The 2022 program has commenced with a first-phase ground-based geological investigation of anomalous gold-in-soil trends identified in the 2021 exploration program with the objective of target determination for follow-up trenching and drilling later in the year. The Company recently more than doubled its land position to 119.6 km2 and completed the consolidation of 17 km of prospective strike in the Triple Fault Gold Belt between Puma Exploration's Williams Brook to the west and Portage Brook/Jonpol gold properties to the east. The 37 km-long Triple Fault Gold Belt features numerous new high-grade gold showings including Puma's O'Neil and Lynx gold zones with trench and outcrop values up to 371 g/t Au, 128 g/t Au; and drill results up to 5.50 g/t Au over50.15m recently reported in Puma's first ever drill program. . Stratabound's McIntyre Zone at the centre of the Belt features 40 grab sample values between 0.20 and 41.56 g/t Au collected from bedrock exposed in trenches along 300 metres of strike length,. In March, 2022 Canadian Metals Inc., reported a new discovery of 30 grab samples up to 455.0 g/t Au, 85.6 g/t Au 76.9 g/t Au, 63.6 g/t Au, 36.9 g/t Au, 15.4 g/t Au, and 14.8 g/t Au at its new LG Discovery Zone on its Goldstrike Property about 45 km east of McIntyre Brook on a splay off the same Rocky Brook Fault that transects the Triple Fault Belt, . Canadian Metals reports that the gold is hosted mostly in the sediment/rhyolite contact as occurs most elsewhere in the Belt.