Stakeholder Announces Positive Soil Results & Initiation of Pulse EM Survey
Toronto, Ontario--(Newsfile Corp. - October 2, 2014) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to report that soil sampling on the main grid covering previously defined gravity anomaly NS23 is almost complete. To date, approximately 2,000 samples have been collected and results from the eastern portion of the grid have outlined anomalous copper, lead, zinc and silver in soils. Copper results show three well defined parallel, NE-SW trending anomalies that lie within the axial core of the gravity anomaly and IOCG exploration target, NS23.
Copper in soil anomalies on NS23 overlie linear topographic breaks that represent faulting parallel to the regional trend. Copper results on the south end of the adjoining grid covering VTEM anomaly VT-BR-05 indicate that the copper in soils anomaly on NS23 has a total strike length in excess of 2,500m.
Lead and zinc show similar trends to that seen with copper, although only the northern and southern copper anomalies show lead/zinc support. Additionally, a ~600m long Pb/Zn trend is seen to overlie the Cobequid fault west of Bass River.
There are two prominent silver anomalies detected in the soil samples. One of these is coincident with the northern (or main) copper-lead-zinc anomaly, and the other lies along the trace of the Cobequid Fault Zone. The latter anomaly is generally very narrow (<75m in width) but is laterally continuous for in excess of 1,500m.
The recommended ground based Pulse Electro-Magetic (PEM) survey over the major copper anomaly on NS23 is scheduled to commence in approximately 10 days (no later than mid-October). This will be followed by a PEM survey covering VTEM target VT-BR-05. PEM surveys aid in the determination of dip, strike and depth extent of conductive exploration targets. Modeled results help to determine optimal locations for drill collaring.
"We are proceeding with de-risking of the two prominent IOCG exploration targets that have been identified at Bass River, namely NS23 and VT-BR-05. The ground based Pulse Electro-Magnetic survey will provide further definition of the sub-surface geological structures for the identified geochemical and conductive anomalies. This Pulse EM survey is undertaken to provide data that will be used to establish drilling collar locations, angles and expected depths to intersection. Drilling of the two identified targets will begin in November, and will start with the larger anomaly NS23," said Christopher Berlet, President and CEO.
Mr. Gary H. Lohman, B.Sc., P.Geo., and a Qualified Person under NI 43-101, has reviewed and approved the technical portions of this news release.
About Stakeholder Gold Corporation
Stakeholder Gold Corp. is a Canadian mineral exploration company headquartered in Toronto, Ontario, Canada with the flagship property in Nova Scotia, Canada. The primary focus of Stakeholder is developing the Bass River Iron Oxide Copper Gold (IOCG) project which the company has optioned, located on the Cobequid-Chedabucto Fault Zone (CCFZ) in central Nova Scotia, Canada. The property is host to >100 mineral occurrences and small deposits of Iron-Oxide, Copper, Cobalt, Gold, Nickel and Barite, the CCFZ has only recently been recognized as a potential host for these deposit types.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Christopher J. Berlet, CFA
President & CEO
Stakeholder Gold Corp.
416 525-6869
Investor Relations
Michael Ballanger
416 786-5055
mballanger@rogers.com
