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Stratabound increases inferred resources 348% at Fremont gold project

Kitco Media
By Vladimir Basov
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Updated
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(Kitco News) - Stratabound Minerals (TSXV: SB) announced Thursday updated mineral resources for its wholly owned Fremont gold project in California's Mother Lode Gold Belt resulting in increases in both Indicated and Inferred Mineral Resource classifications.

According to the company’s statement, updated resources consist of Indicated Mineral Resources of 1,163,000 oz Au (up 121% over the previous estimate) and Inferred Mineral Resources of 2,024,000 oz Au (up 348%).

President and CEO R. Kim Tyler commented, "This updated Fremont MRE provides a solid foundation from which the company can advance towards completing a Preliminary Economic Assessment and developing this gold project towards a production decision."

Stratabound Minerals is a Canadian mineral exploration and development company that is developing its advanced-stage flagship Fremont gold project in the Mother Lode Gold Belt of California. Additionally, Fremont also hosts three undeveloped gold occurrences across four kilometres of strike length along the prolific Mother Lode Gold Belt.

The Company is also advancing its pipeline of other early-stage gold exploration projects including the Golden Culvert, YT and McIntyre Brook, NB in Canada. Additionally, the company holds two other projects both of which feature NI 43-101 Mineral Resource Estimates.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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