Business
Stakeholder Defines Surface Copper Values up to 683ppm and Extends Copper Anomaly Strike Length to 1.5km at Bass River
Toronto, Ontario--(Newsfile Corp. - September 4, 2014) - Stakeholder Gold Corp. (TSXV: SRC)...
About this update from Stakeholder Gold Corp.
[{"type":"text","content":"Stakeholder Defines Surface Copper Values up to 683ppm and Extends Copper Anomaly Strike Length to 1.5km at Bass RiverToronto, Ontario--(Newsfile Corp. - September 4, 2014) - \nStakeholder Gold Corp. (TSXV: SRC) (\"Stakeholder\" or the \n\"Company\") is pleased to report on recent progress for the Bass River Exploration Project in Nova Scotia. \n\nInitial work has focused on two specific, high priority geophysical targets which were delineated by ground and airborne surveys. These targets include the extensive gravity anomaly NS23, and a large cluster of Versatile Time Domain \nElectromagnetic (VTEM) anomalies defined along a corridor extending north east from NS23. The VTEM anomalies are referred to collectively as VT-BR-05. To date approximately 2,100 soil samples have been collected on grids covering each \nof these two independent geophysical targets. \n\nAt the NS23 gravity target, preliminary soil results have outlined a \"B\" zone soil copper anomaly extending approximately 1,500 meters in strike length. The copper anomaly is still open to the west and further investigative work \nis currently in progress. Both the northern and southern boundaries of this feature appear sharp and may be structurally related. LiDAR imagery further indicates that the copper anomaly lies on a linear structure which is parallel to the axis of the \nNS23 gravity anomaly. Copper concentrations up to 683ppm Cu have been returned. The copper anomaly is underlain by a sequence of mafic tuffs, metasediments, chert and felsic tuffs. Gravity high anomaly NS23 was previously identified as \na high priority target by Minotaur Exploration Limited (Australia) who proposed 2 drill holes into the body to test for IOCG style mineralization. This recent detection of extensive copper in soils further corroborates the IOCG model and potential \nof this structure. \n\nOn the north flank of NS23 is the cluster of VTEM anomalies collectively called VT-BR-05. Prospecting, geological mapping and soil geochemistry has been successful in outlining extensive lead and zinc concentrations in \"B\" \nhorizon soils. These anomalies are almost coincident, trending in a northerly direction, overlying and extending both north and south from the modeled VTEM targets. Lead and zinc concentrations in soils of up to 1,370 ppm and 643 ppm respectively \nhave returned from samples...