Stakeholder Completes Drilling at Bass River
Toronto, Ontario--(Newsfile Corp. - April 15, 2015) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to report on recent progress for the Bass River Exploration Project in Nova Scotia.
The remainder of the drill results have been received.
Gamble Lake results are summarized below:
| Drill Hole | From (m.) | To (m.) | Width (m.) | Ag (ppm) | Pb (ppm) | Zn (ppm) |
| GL-01 | 105.50 | 113.00 | 7.50 | 0.87 | 1,080 | 2,244 |
| GL-02 | No analysis | |||||
| GL-03 | 46.50 | 49.00 | 2.50 | 2.40 | 4,998 | 10,628 |
| 212.10 | 212.84 | 0.74 | 2.60 | 4,250 | 7,550 | |
| 232.50 | 238.18 | 5.68 | 1.77 | 1,419 | 2,796 | |
| GL-04 | 151.60 | 160.50 | 8.90 | 2.18 | 2,214 | 4,961 |
| 165.00 | 170.65 | 5.65 | 2.58 | 2,835 | 6,198 | |
| GL-05 | 176.00 | 178.33 | 2.33 | 1.39 | 2,021 | 4,395 |
| GL-06 | 73.50 | 76.60 | 3.10 | 1.59 | 1,011 | 3,473 |
| 82.32 | 101.82 | 19.50 | 2.23 | 1,257 | 3,709 | |
| GL-07 | 121.98 | 126.00 | 4.02 | 3.24 | 3,031 | 9,337 |
| 129.27 | 143.50 | 14.23 | 1.38 | 83 | 2,231 | |
The intersections in holes 1, 3, 4, 5 and 7 are approximately 50% of true width and found immediately up section from the transition between the mafic (pyrrhotite bearing) tuffs and the felsic tuffs, the felsic tuffs being the host for all significant mineralization. The tuffs underlie the main rhyolite flow at Gamble Lake. The intersections in GL-06, collared in the northern portion of Gamble Lake (VTEM cluster VTBR-5) and drilled northwest at an azimuth of 319 degrees, were hosted in mafic sediments and are much thicker than the intersections observed in the felsic volcanic unit. The intersections reported for GL-06 are approximately 95% of true width.
In the western portion of the property, drill holes IP15-0 and IP15-10 were collared within an AIIP anomaly located within a portion of the Pleasant Hills where prospecting uncovered copper mineralization within a magnetite / hematite breccia. Although hematite and magnetite were present in drill core as bands and locally stock-worked, the only sulphide encountered was pyrite. As previously mentioned, (Press Release dated March 19/2015), detailed research by geologists from the Department of Natural Resources, Nova Scotia has assisted in interpreting the geology and style of mineralization. By utilizing their XRF analyses, they have determined the relative ages of the host units and concluded that the volcanics intersected in drill hole GL-06 are lower in the stratigraphy than the rest of the units encountered at Gamble Lake. This unit trends northeast towards the recently delineated Castlereagh VTEM target.
"The first phase of drilling at Bass River suggests a reasonable mineralized system may be present, and the key target area at Bass River is the newly defined Castlereagh VTEM anomaly located between 500 metres and 1,000 metres northeast from drill hole GL-06. Stakeholder is currently seeking to renegotiate terms with Cogonov Inc. for further work on the property", stated Chris Berlet, President and CEO of Stakeholder.
QA/QC
The drill program is being managed by Cogonov Inc. and cores are logged and sampled at their facility in Truro, Nova Scotia. The drill core is sawed in half, with half being sent to the AGAT Laboratories office in Dartmouth, Nova Scotia. From there, the sample is transported to the AGAT facility in Mississauga for analysis. The other half of each sample is retained for reference. The core samples are analyzed using an aqua regia digestion with an inductively-coupled plasma mass spectrometry (ICP-MS) finish. AGAT maintains a strict quality control program with standards, blanks and duplicates included in every sample series. Standards and blanks for confirmation analysis are also regularly inserted, by Cogonov Inc. personnel, to the sample series at the core facility in Truro Nova Scotia.
Mr. Gary H. Lohman, B.Sc., P.Geo. Cogonov COO 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, Canada, its flagship property located 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, and which is located on the Cobequid-Chedabucto Fault Zone (CCFZ) in central Nova Scotia. 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 IOCG 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 Stakeholder Gold Corp. information, please contact
| Christopher J. Berlet, CFA | Michael Ballanger |
| President & CEO | Advisory Committee |
| 416 525-6869 | 416 786-5055 |
| cberlet@stakeholdergold.com | mballlanger@stakeholdergold.com |
