Stakeholder Celebrates Klondike Gold Discovery Day
FOR IMMEDIATE RELEASE TSX Venture Exchange
19th of August 2024 Shares Outstanding: 17,766,412
Symbol: SRC
Stakeholder Celebrates Klondike Gold Discovery Day
Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to celebrate
Klondike Gold Discovery Day in the Yukon Territory, Canada. Klondike Gold Discovery Day has
been a statutory holiday in the Yukon Territory since 1911. Discovery Day falls on the third
Monday of August.
Imagine discovering something so valuable that 100,000 people flock to the site of your discovery.
This is the true tale of the Yukon Gold Rush. Shaaw Tláa (Kate Carmack), her husband, George
Carmack, the son of an American forty-niner, and his partners and brothers-in-law, Skookum Jim
Mason and Tagish Charlie (both of whom were Tagish Khwáan First Nations ) found gold on
Rabbit Creek (now Bonanza Creek) on August 16th, 1896. The next day, they staked claims along
the creek. When the prospectors reached Alaska to sell their gold in July of 1897, the news sparked
one of the world's greatest gold rushes. Yukon was made into a Territory of Canada the following
year (June 1898).
Klondiker on White Pass Trail ca. 1898
As the news spread, hundreds of thousands of stampeders soon followed. Dawson City boomed as
its population exploded and over a million pounds of gold passed through it. Fortunes were made
and lost in the “Paris of the North.”
Prospectors buying miner's licences, Victoria, BC, 21 Feb. 1898. (courtesy British Library)
The Yukon Order of Pioneers, a fraternity of prospectors, encouraged the territorial council in
1911 to establish the holiday. The holiday originally fell on August 17 th but is now on the third
Monday of the month.
Klondike Gold Rush ca.1899, History Collection
21st Century Gold Source Discoveries
The 21st Century has witnessed a new gold rush in the Klondike , as the hard rock sources of the
Klondike's widespread placer gold occurrences are now being discovered. The new lode gold
source discoveries will soon exceed in size the estimated 16+ million ounces of placer gold
reportedly recovered by placer miners from river and creek beds within the Klondike Gold
Fields(1). Systematic exploration and modern techn ologies are now changing the game. Creeks
with placer gold are found proximal to gold sources (usually much larger rock hosted gold
deposits). The successful search for these much larger gold ‘source’ deposits is now creating the
new 21st Century gold rush in the Yukon’s White Gold District.
Since 2008, the pace of discovery has been rapid. The first major hard rock gold discovery was
made in 2009 on Underworld's White Gold property. By January 2010, Underworld had delineated
the Golden Saddle deposit, with an indicated resource of 1,004,750 ounces of gold grading 3.2 g/t
plus an inferred resource of 407,413 ounces of gold grading 2.5 g/t (2). In March 2010, Kinross
Gold purchased Underworld for $139 million. In June 2017, the property was acquired by White
Gold Corp. who have commenced aggressive exploration of the property. White Gold has
subsequently announced significant new discoveries on the White Gold property, on the nearby JP
Ross property and on their Betty property, adjoining Newmont’s Coffee project.
In 2009, Kaminak Gold acquired the Coffee Gold Project and exploration trenching across
significant gold anomalies returned encouraging results. During follow up drilling in 2010, one of
the initial 28 drill holes reported an intercept of 17 g/t Au over 15.5 m (3). In September 2015
Kaminak announced an initial resource for the Coffee Gold Project and on May 26, 2016, Goldcorp
made an offer to acquire all the shares of Kaminak for total consideration of approximately $520
million. Goldcorp later announced a proven and probable resource of 1.67 million ounces of gold
at 1.4 g/t Au and an additional 0.74 million ounces Measured & Indicated at 0.96 g/t Au and 0.94
million ounces Inferred at 0.94 g/t Au on Coffee, before later being acquired by Newmont(4).
Late in 2012, Comstock Metals announced a significant new gold discovery on its QV Project,
located just north of the Kinross White Gold property. Subsequent drilling intersected a broad
gold-bearing zone highlighted by hole QV12-004 that intersected 89.85 m of 2.34 g/t Au and 45.5
m of 3.04 g/t Au on the VG Zone (5). The QV Project was acquired by White Gold Corp. in 2019
and an updated Inferred resource of 287,100 ounces at 1.51 g/t Au was announced for the VG Zone
in 2021(6).
The White Gold District is one of the largest gold area plays in Western Canada. Industry observers
are optimistic that additional hard rock gold deposits await discovery.
Stakeholder Ballarat Property
Stakeholder Gold Corp. holds 100% ownership of an 18,741-hectare contiguous claim position in
the center of the White Gold District. The Company first secured these claims surrounding Ballarat
Creek during the staking rush initiated by visionary prospector Shawn Ryan in 2006. Additions to
the Company’s consolidated ground position were made in 2016 and 2023. Ballarat Creek has
been one of the most prolific placer gold producers in the White Gold District and Stakeholder has
secured claims around Ballarat Creek with a view to covering the lode gold source deposit(s) which
provide the gold found in Ballarat Creek.
Today, the Stakeholder ground position covers the full drainage basin surrounding Ballarat Creek
and the Company believes it has identified the lode gold source(s) for the placer gold which has
been found in abundance in Ballarat Creek. The Company’s ‘Skye Zone’ exploration target lies
east of Ballarat Creek, elevated above, and within the drainage basin leading to Ballarat Creek. In
October of 2023 Stakeholder announced the discovery of two distinct, subparallel, gold in soil
trends of 1.9 km and 1.3 km respectively on the Skye Zone . The second subparallel gold trend
remains open and untested to the SW. These strike extensive gold in soil anomalies are now the
focus of follow up exploration efforts in the 2024 exploration season.
Figure 1: Ballarat Claim Outline Covering Full Drainage Basin for Ballarat Creek
“Today, with Yukoners, we celebrate Klondike Gold Discovery Day, and the pioneering traditions
which continue to make Canada the greatest frontier for exploration and discovery. Good fortune
follows hard work and tenacity, traits which were evidenced in abundance throughout the early
history of the Klondike.” Stated Christopher Berlet, CEO of Stakeholder.
“Our company’s objective is to deliver another economically significant gold source discovery in
the center of the prolific White Gold District of the Yukon Territory, and our 2024 summer
exploration initiatives on the Skye Zone exploration target are designed to deliver on this prospect.”
Stakeholder’s claims are located in the relative center of the White Gold District (Figure 2), north
and northeast of Newmont’s (NYSE: NEM) Coffee Gold Project, due north of Western Copper
and Gold Corporation’s (TSX: WRN) Casino Project and west, south, and east of White Gold’s
(TSX: WGO) regional exploration initiatives.
Figure 2: Ballarat Property White Gold District, Relative Center
(1) Yukon Placer Creek Production Table 1978 – 2022. Available from Yukon Department of Energy, Mines,
and Resources.
(2) SRK, (2010) White Gold Dawson Range Yukon, Canada. NI43 -101 Technical report Prepared for
Underworld Resources Inc. Available on SEDAR.
(3) Finnigan, C. (2011) Coffee Property 2010 Assessment Report. Yukon Assessment Report 095302.
(4) Goldcorp 2018 Mineral Reserve and Resource Statement dated Oct. 24, 2018.
(5) Comstock Metals Ltd. News Release dated Oct. 22, 2010. Available on SEDAR
(6) Arseneau, G. (2021). Technical Report on the QV Project for White Gold Corp. Available on SEDAR.
Jodie Gibson, M.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43 -101,
and has reviewed and approved the technical contents of this press release.
For further information please contact:
Stakeholder Gold Corporation
416 525 - 6869
Forward Looking Information
This news release contains forward -looking information. All information, other than information of historical fact,
constitute “forward -looking statements” and includes any information that addresses activities, events or
developments that the Corporation believes, expects or anticipates will or may occur in the future including the
Corporation’s strategy, plans or future financial or operating performance.