WORK HISTORY
Staked within LH cl 1-41 (YC94943) between July and Aug/2009 by Messrs. R. Stack, G. Lee and R. Scott. The group staked Swag cl 1-10 (YD17383) to the west and north and Scheer cl 1-10 (YC93583) to the southwest at the same time. The claims separate the Golden Culvert property (Minfile Occurrence #105H 067) located to the south from the Rubus property (Minfile Occurrence # 105I 003) located to the north.
The ownership group named the entire area the Little Hyland property and carried out reconnaissance scale rock, silt and soil sampling over the entire property. In 2010 the group carried out follow-up rock, soil and silt sampling around the Road showing. The group also carried out two lines of magnetic and VLF-EM ground geophysics over the showing.
In Aug/2010 the ownership group added Swag cl 11-14 (YD17377) to the northeast and northwest sides of the LH claims. The company also staked Rubus cl 1-50 (YD29576) to the north at the same time.
In May/2011 Commander Resources Ltd surrounded the LH, Scheer and Swag claim blocks with Glen cl 83-150 (YE36683). The Glen claims were staked in conjunction with Glen claims 1-82 (YE36604) located south of the Golden Culvert property and are part of an option agreement the company formalized with the ownership group on June 2, 2011. The option agreement covers all of the ownership group claims which encompassed the Little Hyland property except for those claims which encompass the Golden Culvert and Rubus (northern Rubus claims) properties.
Commander Resources renamed the optioned claims the Glenmorangie project and split the property into the North block (located north of the Golden Culvert property) and the South block (located to the south). Between July and Aug/2011, the company carried out prospecting, geological mapping and rock, silt and grid soil sampling on the North block (this occurrence).
In 2012 Commander Resources carried out heavy mineral sampling and follow-up silt and grid soil sampling on the northwest side of the North block.
On December 27, 2013 Yukon Government passed an Order in Council (O.I.C. 2013/224) prohibiting entry on certain lands (Ross River Area) for the purpose of staking Quartz or Placer Mining claims. The Order was made to facilitate continuing consultation with the Ross River Dena Council and covers the Glenmorangie, Golden Culvert and Rubus properties. The Order in Council provides registered active claims holders in the affected area relief from annual assessment work obligations. The Order in Council has been renewed several times and is currently valid to January 31, 2019 (it may be renewed in the future).
In 2013, 14 and 15, Commander Resources transferred shares of the company to the ownership group in order to retain the option on the Glenmorangie property. On June 30, 2016 Commander Resources dropped its option on the Glenmorangie property and returned all of the affected claims to the ownership group thus once again consolidating the Rubus, Golden Culvert claims and Glenmorangie (Little Hyland) properties under one ownership group.
On September 27, 2017 South Shore Partnership Inc, a private company, acquired an option to acquire the Golden Culvert property and the northern portion of the Rubus claims in return for cash, shares and certain work commitments. The partnership also optioned the Little Hyland North and Little Hyland South blocks (formerly named Glenmorangie property) located directly north and south of the Golden Culvert property under a separate option agreement. In total the partnership optioned 431 contiguous quartz claims. The two separate option agreements were required to cover separate ownership interests, i.e. Scott and Lee in the first agreement and Scott, Lee and R. Stack in the second group.
On October 23, 2017 South Shore Partnership assigned the two option agreements to Stratabound Minerals Corp in return for staged cash and share payments and Stratabound assuming the previous negotiated work commitments. Following the signing of the agreement Stratabound completed a due diligence site visit to the properties where they collected a series of rock samples from various showings. The visit and resulting assays confirmed past field results and on December 18, 2017, Stratabound Minerals finalized the option agreements.
On February 12, 2018. Stratabound Minerals filed a NI-43-101 Compliant Technical Report on the Golden Culvert, Rubus and Little Hyland properties with SEDAR.
GEOLOGY
The Glenmorangie property (North block) is located approximately 260 km north of the Town of Watson Lake in southeast Yukon. The Nahanni Range road which services the former Cantung mine (located approximately 10 km to the east), runs along the west side of the property. Access within the property is generally by 4-wheeler or helicopter to the more remote areas.
The majority of the area has not yet been remapped by the Yukon Geological Survey. In early 2016 M. Colpron of the Yukon Geological Survey (YGS) released an updated geological compilation map of the Yukon which included this area. In late 2016 D. Moynihan of the YGS released a 1:50 000 geology map of the Upper Hyland River area. The map only covers areas located west of the Nahanni Range road thus only the extreme west side of the property is captured by the map.
Based on reconnaissance scale geological mapping conducted by Commander Resource’s geologists in 2011, the North block is mainly underlain by Neoproterozoic to Lower Cambrian Hyland Group (Windermere Supergroup), clastic rocks assigned to the Vampire Formation. Geologists employed by Commander Resources mapped dark brown to green, fine grained and thinly-bedded, argillaceous sandstone and siltstone with minor, interbedded, medium- to coarse grained, white to light grey orthoquartzite, phyllite, slate and argillite rocks on the property.
Mafic intrusives were mapped in the northeast and northwest portions of the property. The intrusive units are dark, medium to coarse grained and contain plagioclase phenocrysts, pyroxenes and minor ferromagnesium minerals. The intrusive units are weak to moderately magnetic and are obvious on the regional aeromagnetic maps where east-west faults have displaced parts of the units. The units appear to be different but they may have differentiated from the same common source. A felsic intrusive was mapped through the centre of the North block. The unit is fault bounded and some outcrops appear to have been significantly displaced. One outcrop of diorite, possibly a magmatic plug was mapped at the northeast corner of the North block.
Both G. Lee and Commander Resources’ geologist mapped two occurrence of quartz-pebble conglomerate on the block. These rocks may represent an older Yusezyu Formation unit or they may be a larger grain size extension related to the sandy grits/orthoquartzite unit. Quartz-pebble conglomerates are reported to be a significant host of gold mineralization at Golden Predator’s 3Ace property (Minfile Occurrence #105H 066) located approximately 25 km to the south.
Exploration carried out to date has identified the Camp zone (occurrence location), a 2 km by 1.5 km soil anomaly marked by anomalous gold (up to 1 050 ppb) and extremely anomalous arsenic values. A grab rock sampled collected in 2011 from within the anomaly returned an assay of 4.5 g/t gold. The anomaly appears to be hosted by sandy grit/orthoquartzite rocks which follow the general north-northwest-south-southeast geological trend of the area. Mineralization is theorized to be hosted by a vein or shear hosted system that may be located up slope to the north where mobile arsenic has created an indicator halo to more locally distributed gold.
Preliminary exploration carried out by G. Lee in 2009 located the Road showing (~ UTM 525978 E, 6875650 N). The showing is located in a pit bank along the east side of the Nahanni Range road. A rock float sample consisting of quartz, pyrite and galena returned an assay of 0.748 ppm gold, 20.2 ppm silver, 3 150 arsenic and 9 540 ppb lead. A second float sample of comprised of quartz pebble conglomerate containing a 3.2 mm quartz vein hosting disseminated galena and pyrite returned an assay of 0.442 ppm gold, 0.4 ppm silver, > 10 000 ppm arsenic and 61 ppm lead. Follow-up soil sampling carried out in 2010 outlined a strong arsenic and moderately anomalous gold anomaly slightly east of the showing. The ground magnetic survey outlined a break in the magnetic field at the approximate location of the gold/arsenic soil anomaly, while the VLF-EM survey identified two sub-parallel conductors. One conductor corresponds well with the area covered by the gold/arsenic soil anomaly.
Stratabound Minerals did not visit or sample either area during their due diligence property visit completed in late October 2017.
