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Stakeholder Identifies Two Kilometer Scale Gold in Soil, and Multiple Further Anomalies on Ballarat
Toronto, Ontario--(Newsfile Corp. - October 20, 2023) - Stakeholder Gold Corp. (TSXV: SRC) (...
About this update from Stakeholder Gold Corp.
[{"type":"text","content":"Stakeholder Identifies Two Kilometer Scale Gold in Soil, and Multiple Further Anomalies on BallaratToronto, Ontario--(Newsfile Corp. - October 20, 2023) - Stakeholder Gold Corp. (TSXV: SRC) (\"Stakeholder\" or the \"Company\") is pleased to announce the results of a 5,036 soil grid and ridge and spur sampling program undertaken by GroundTruth Exploration Ltd. on the Company's 100% owned Ballarat Project over the summer of 2023. The sampling program was designed to cover previously identified gold and copper ridge and spur anomalies and also to evaluate unexplored, and recently staked(1), portions of the 18,741 ha property. Highlights from the program include:Identification of two distinct, subparallel, anomalous gold in soil trends of 1.9 km and 1.3 km on the Skye Zone. The Skye Zone extends west-southwest off of the route proposed for the Northern Gateway Road where the road traverses the northern section of the Company's claim holdings.Detection of multiple further spot gold anomalies associated with ridge and spur samples. These newly identified gold in soil and ridge and spur anomalies, which now warrant follow up grid sampling, are located west and east of Ballarat Creek in areas several km south of the Sky Zone and also proximal to the route proposed for the Northern Gateway Road.Identification of a 500 m wide zone of anomalous copper ridge and spur samples associated with a Jurassic aged intrusive unit. Regional mapping indicates that this unit has surface dimensions of approximately1,000 m by 300 m and is located east of Ballarat Creek within the southeast sector of the Company's contiguous claim holdings, and approximately 1 km east of the route proposed for the Northern Gateway Road where it traverses the southern section of the Company's claim holdings.(1) See the Company's News Release dated April 14, 2023. Available on SEDAR. 2023 Soil ProgramA total of 5036 samples were collected during the 2023 summer program. The program consisted of 4 grids (100m spaced lines x 50m spaced samples on each line) and several line km of ridge and spur sampling (50m spaced samples). The sampling was conducted by GroundTruth Exploration Ltd. of Dawson City, YT using dutch augers and targeting 'C' horizon material at the bedrock interface. Individual results for gold ranged from trace to 200 ppb Au and for copper from 3 - 1,213.3 ...