hervorragende Resourcenschätzung. Sie haben jetzt knspp über 3 Millionen Unzen Gold und davon über 1 Million indicated und der Rest ist inferred. Auf dem Kursniveau ein absolutes Schnäppchen. Died Frage ist haltr bekommen im Staate Californien eine Abbaulizenz hin? Wenn ja dann wäres es Klasse. Allerdings kann diese auch verboten werden im Staate Californien
Stratabound Increases Mineral Resource Estimate on Fremont Gold Project
Toronto, August 18, 2022 – Stratabound Minerals Corp. (TSXV:SB, OTCQB:SBMIF) (“Stratabound” or the “Company”) is pleased to announce the release of its updated NI 43-101 Mineral Resource Estimate (the “updated MRE”) 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.
Highlights of the 2022 updated MRE include:
Indicated Mineral Resource increased by 121% to 1,163,000 oz Au (19,011 kt at 1.90 g/t Au) Inferred Mineral Resource increased by 348% to 2,024,000 oz Au (28,323 kt at 2.22 g/t Au) Pit Component (pit-constrained) consists of 1.15 M oz Au Indicated (18,891 kt at 1.90 g/t Au) and 1.49 M oz Au Inferred (22,507 kt at 2.06 g/t Au) Mineral Resource classifications Underground Component (out-of-pit) consists of 9 k oz Au Indicated (121 kt at 2.21 g/t Au) and 536 k oz Au Inferred (5,816 kt at 2.87 g/t Au) Mineral Resource classifications
The updated MRE replaces the Company’s previous mineral resource estimate dated Sept. 30, 2021 (the “previous estimate”) which extended along 960 metres of strike, 350 metres below surface and included only the Pine Tree/Josephine open pit component.
The updated MRE now extends along 1,400 metres of combined strike length and up to 600 metres below surface as it additionally includes the satellite Queen Specimen open pit plus the Pine Tree/Josephine underground components. Historical mining commencing in 1849 subsequent to the California Gold Rush at the Pine Tree/Josephine underground mines extended across 800 metres of strike, 600 metres vertical depth and produced 126 k oz of gold in 540 k tons, (8.0 g/t gold) at the historical gold price of US$35 per ounce before closing in 1944.
The updated MRE is based on 33,982 metres of drilling, 518 metres of trench sampling, and 5,760 metres of underground channel sampling.
Kim Tyler, Stratabound’s President and CEO, commented: “This updated Fremont MRE provides a solid foundation from which the Company can advance towards completing a Preliminary Economic Assessment (“PEA”) and developing this gold project towards a production decision. The project is enhanced over the previous Mineral Resource Estimate by the inclusion of the Queen Specimen and underground component of the Pine Tree/Josephine deposit; however, this only evaluates 1.4 km of the entire 4-km strike length of the Fremont Property that features four gold-mineralized zones and a recently announced 285-metre wide, 30-5,210 ppb gold averaging 412 ppb gold-in-soil anomaly connected over all the zones across the full extent of the Property (press release Feb. 23, 2022).”
Updated Fremont Gold Project Mineral Resource Estimate
The updated Fremont Gold Project Mineral Resource Estimate was prepared by P&E Mining Consultants Inc. (“P&E”) with an effective date of June 30, 2022 in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Reserves (2014) and Best Practices Guidelines (2019).
Pit-constrained Mineral Resources are reported using a cut-off grade of 0.25 g/t Au for oxide material, and 0.45 g/t Au for sulphide material. Out-of-Pit (underground) Mineral Resources are reported using a cut-off grade of 1.45 g/t Au. Underground Mineral Resources have been constrained within potentially mineable longhole shapes based on block grade and continuity. Historical mining has been depleted from the updated Mineral Resource Estimate by assigning a zero-volume percentage block inclusion for known areas of mining and development.
A summary of the MRE is provided in Table 1. The economic assumptions used for the updated MRE are provided in the notes to the table.
Table notes:
1) Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
2) The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
3) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
4) Mineral Resources are reported within a constraining conceptual pit shell.
5) Inverse distance weighting of capped composite grades within domains was used for grade estimation.
6) Composite grade capping was implemented prior to grade estimation.
7) Bulk density was assigned by redox domain.
8) A gold price of US$1,700/oz was used.
9) A cut-off grade of 0.25 g/t Au for oxide material, 0.45 g/t Au for sulphide material and 1.45 g/t Au for underground material was used.
10) Pit-constrained Mineral Resources were determined to be potentially economic based on a mining cost of US$3/t mined, heap leach processing of US$9.16/t, flotation processing of US$10.02/t and G&A costs of US$2.50/t, with metallurgical recoveries of 85% by heap leach and 90% by flotation.
11) Out-of-Pit Mineral Resources were determined to be potentially economic with the longhole mining method based on an underground mining cost of US$40/t mined, processing of US$10.02/t and G&A costs of US$2.50/t, with a metallurgical recovery of 90%. Out-of-Pit grade blocks that did not demonstrate potentially mineable configurations were removed from the Resource Estimate.
12) Totals may not sum due to rounding.
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