Stratabound Minerals’ Golden Culvert gold property in the Yukon. Credit: Stratabound Minerals.
When Stratabound Minerals (TSXV: SB) CEO Kim Tyler told people he wanted to drill Golden Culvert as soon as possible after optioning the Yukon project in October 2017, many suggested that he should do some geophysics before punching holes into the ground.
But he told them that sort of work would only confirm what he already knew: That there was an outcrop the size of a transport truck on the property with gold in the wall rock and in the vein, which had been sampled many times in the past and had consistently returned grades of between 7.7 grams gold and 23.8 grams gold per tonne.
So Tyler ignored their advice and drilled eight holes spaced 200 metres apart in the first drill program the property had ever seen. The best hole — 350 metres southeast of the outcrop’s main vein — struck a new vein and intercepted 2.53 grams gold per tonne over 33.1 metres between 111.5 and 144.6 metres downhole. The intercept in drill hole GC1803 included a 0.9-metre interval grading 60.1 grams gold.
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