Stakeholder Releases Drill Results from Ballarat Gold Property in White Gold District, Yukon
September 04, 2012 12:00 ET
Stakeholder Releases Drill Results from Ballarat Gold Property in White Gold District, Yukon
DAWSON CITY, YUKON--(Marketwire - Sept. 4, 2012) -Stakeholder Gold Corp. ("Stakeholder") (TSX VENTURE:SRC) announces the results from a five hole, 753 metre core drilling program recently completed on the 200-claim (4,140-hectare) Ballarat gold property located in the White Gold district approximately 100 kilometres due south of Dawson City, Yukon. The drilling was done to test two strong gold-in-soil trends outlined in 2010. Three of the five holes returned notable gold intersections. The following table summarizes all the gold-bearing intervals encountered by the drilling:
Hole | UTM mE* | UTM mN* | Azimuth | Dip | Depth m | From m | Length m | Wt. Avg. gpt Au |
BA 12 01 | 595554 | 6986918 | 145° | 50° | 153.0 | 55.6 | 3.0 | 0.95 |
117.8 | 2.2 | 0.37 | ||||||
137.6 | 1.9 | 0.76 | ||||||
BA 12 02 | 595673 | 6986975 | 145° | 50° | 153.0 | 6.0 | 1.0 | 0.74 |
BA 12 03 | 595923 | 6986947 | 145° | 50° | 150.0 | 44.9 | 1.0 | 1.71 |
120.7 | 1.9 | 0.32 | ||||||
BA 12 04 | 596266 | 6987605 | 145° | 50° | 147.0 | - | - | - |
BA 12 05 | 596619 | 6987788 | 145° | 50° | 150.0 | - | - | - |
* UTM Zone WGS84 Zone 7N
All analytical results referred to in this release were determined by Acme Analytical Laboratories Ltd. in Vancouver, B.C. Acme is accredited under ISO 9001. Drill core samples were prepared by crushing one kilogram to 80% passing -10 mesh and then pulverizing a 250g subsample to 85% passing -200 mesh. Each subsample was analyzed for gold by 30g fire assay, ICP-ES finish. Stakeholder follows an independently designed and monitored quality assurance/quality control program involving the insertion of standards, blanks and duplicates into the sampling stream.
Mark Fekete, PGeo., President of Stakeholder, is the designated qualified person as defined in Section 1.1 in and for the purposes of National Instrument 43-101 that reviewed and approved the technical content of this release.
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This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.
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