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SRC Discovers New Trail Hill Gold-Silver Zone in First Drillhole at Goldstorm, Nevada
Toronto, Ontario--(Newsfile Corp. - March 5, 2018) - Stakeholder Gold Corp. (TSXV: SRC) ("...
About this update from Stakeholder Gold Corp.
[{"type":"text","content":"SRC Discovers New Trail Hill Gold-Silver Zone in First Drillhole at Goldstorm, NevadaToronto, Ontario--(Newsfile Corp. - March 5, 2018) - Stakeholder Gold Corp. (TSXV: SRC) (\"Stakeholder Gold\" or the \"Company\")  is pleased to announce discovery of the new \"Trail Hill\" Midas-style gold-silver zone in its first core drill hole on the Goldstorm property in Nevada. The property is located 17 km northwest of the Midas Mine of Klondex Mines Ltd., and 18 km northeast of the Twin Creeks Mine of Newmont Mining Corporation. The drilling program was stopped after one hole due to inclement weather at the site. Stakeholder completed drill hole G-2017-1 at Goldstorm targeting Midas-style gold-silver mineralization in the Clayton fault-bounded Zone. The Clayton Zone was first delineated in a drill hole in 2010. Drill hole G-2010-1 contained a 2 metre section of quartz-naumannite-electrum-bearing mineralization from 65 to 67 metres depth, approximately 60 metres below the ground surface. The section assayed 5.5 grams per tonne (\"g/T\") gold across the 2 metre core length and included a 1 metre interval that assayed 9.29 g/T gold and 72.6 g/T silver. G-2017-1 was collared in the Trail Hill Zone, west of G-2010-1 in previously undrilled rocks and is oriented to the northeast at approximately minus 57 degrees. A 10 metre wide zone of quartz-pyrite mineralization in quartz-silica-pyrite (\"QSP\") altered basaltic rocks also crops out at the top of Trail Hill just west of the new drill hole. G-2017-1 intersected a wide package of mostly highly altered and transversely fractured basaltic flows and laharic debris flow rocks containing oxidized QSP alteration and quartz flooding mineralization, from a core depth of approximately 6 m to 138.1 m, where it was cut off by a post-mineral fault. Gold-silver mineralization was found in the Trail Hill basal limonitic \"feeder\" fault breccia between 137.68 m and 138.1 m, which is being re-assayed. The interval between 135.7 m and 137.68 m was lost in drilling. A 1.34 m sample from 137.68 m to 139.02 m, assayed 0.060 g/T gold and 37 g/T silver. The rocks in the drill hole above this interval mostly assayed less than 0.05 g/T gold--the detection limit for this gravimetric assay technique, but local anomalous gold and silver, to 120 ppb and 3.36 ppm, respectively, and widespread, very anomalous arseni...