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Stakeholder Gold Corp. Announces Ballarat 2016 Exploration Summary and Plans for 2017
Toronto, Ontario--(Newsfile Corp. - February 7, 2017) - During 2016, Stakeholder Gold Corp. (T...
About this update from Stakeholder Gold Corp.
[{"type":"text","content":"Stakeholder Gold Corp. Announces Ballarat 2016 Exploration Summary and Plans for 2017Toronto, Ontario--(Newsfile Corp. - February 7, 2017) - During 2016, Stakeholder Gold Corp. (TSXV: SRC) completed a comprehensive exploration program on the Ballarat project; this work included: collection of 1,723 grid and reconnaissance soil samples; 425 GT Probe bedrock interface samples over 5 lines on the Northwest Zone; 11.76 line-km of high-resolution DC IP-Resistivity surveys over 28 lines on the Northwest and Eastern Zones; a 38.75 sq. km drone-derived, aerial photographic and DEM data capture survey of the property; geologic mapping and prospecting; and 1,728.15 m of RAB Drilling in 18 holes on the Eastern Zone. Although the 18 RAB holes drilled on the Eastern Zone (of a planned 30 hole program curtailed due to weather) yielded only narrow intervals of anomalous gold, the northeastern extension of the zone as well as the newly-discovered Skye Zone, located 1,500 m to the southwest, were not tested by drilling. Also, certain targets on the Northwest Zone have not yet been drilled.Eastern ZoneInterpretations made by Groundtruth Exploration Inc., who managed the program, indicate there were two mineralizing events. One, with an Au-Ag-Hg-Te signature, has similarities to known occurrences on the White Gold showing and the deep zone in the Golden Saddle deposit. These can be high grade in the right structural setting, and the best continuity is found where the mineralization/alteration is formed at a deeper setting with an Au-Mo +/-Pb signature (Golden Saddle and QV)The other event has an Ag-As-Bi-Cu-Pb-Sb-Zn signature. This is likely later and intrusive-related, most likely dikes following the same structures that host the earlier gold-rich event. This later event may have overprinted the earlier one--possibly diluting the gold content.Skye ZoneThis zone is very much the same as the Eastern Zone but with better exposure. It contains more quartz veins and the significant Au-Mo +/-Pb geochemical signature (similar to Golden Saddle). The orientation of the mineralization is unknown, and this zone needs to be tested with geophysics and drilling.Northwest ZoneMineralization at the Northwest Zone is interpreted to be associated with E-NE oriented splay(s) from the NE-trending Ballarat fault, but direct observations of mineralization are few due ...