549300X15KONYS2TCL76 Shares Outstanding: 23,588,662 SRC Discovers Vein/Disseminated Mineral System in Nevada
TSX-V: SRC | SKHRF | WKN: A2A CEP
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FOR IMMEDIATE RELEASE TSX-V: SRC | SKHRF | WKN: A2A
CEP
January 16th, 2018 LEI:
549300X15KONYS2TCL76
Shares Outstanding: 23,588,662
SRC Discovers Vein/Disseminated Mineral System in Nevada
Toronto, Canada, January 16 th, 2018 – Stakeholder Gold Corp. (TSXV: SRC) (“Stakeholder Gold”
or the “Company”) is pleased to announce completi on of its first core drill hole on the Goldstorm
property in Nevada. The property is located 17 km northwest of the Midas Mine of Klondex Gold Mines
Ltd., and 18 km northeast of the Twin Creeks Mine of Newmont Mining Corporation.
The Company has just completed drill hole G-2017-1 ta rgeting Midas-style gold-silver mineralization at
Goldstorm. A wide zone of highly altered basal tic rocks containing quart z-silica-pyrite (“QSP”)
mineralization was discovered in the upper part of the hole, from a depth of 20 feet to a depth of 438 feet,
where it was cut off by a post-mineral fault.
New zones of silica-pyr ite-(naumannite) mineralization were al so found from 676 to 678 feet, 702 to
712 feet, 855 to 870 feet, 890 to 920, 961 to 980, 1015 to 1035.6, 1082 to 1091.6, 1105 to 1175.3, 1183
to 1202.5, 1223 to 1235, and from 1255 to 1259 feet down the hole, in a complex series of fault zones.
These zones of silica-pyrite mineralization lie above the 1830 m (6,000 foot) MSL elevation that appears
to be the approximate top of the zone of ore continuity at the Midas Mine and perhaps also at the nearby
Hollister Mine. This may represent an ancient paleo ground water table present in the region at the 15.4
Ma age of mineralization in this Midas Gold Trend area. It must be emphasized that these zones of
mineralization were delineated by visual observation and can only be confirmed by fire assay analysis.
A second hole is being started today to test the Trail Hill open pit ta rget southwest of the collar of hole
G-2017-1 but utilizing the same drill platform; this ar ea has never been drill te sted before. Mapping by
an independent QP geologist has in dicated the presence of a 10 meter wide zone of silica veining in
QSP-altered basaltic rocks, sub-parallel to the Collar and Clayton vein systems, at the top of Trail Hill.
Hole G-2017-2 will intersect this block of rocks and the known fau lt-vein system at a depth of
approximately 500 feet. A third hole will test the late ral extension of QSP altered rocks to the northwest
of hole G-2017-1. These drill sites are all located on unpatented lode claims controlled by the Company.
“Discovery of multiple mineralized zones and an exte nsive, weathered and fractured structural system
near to surface beginning at only 20 feet of de pth and extending to over 1,200 feet of depth, were
surprises. Assays will reveal the significance of this promising first hole which displays key
characteristics of some of the most prolific Nevada gold mines,” stated Chris Berlet.
The Company’s combined ground position now encompasses 3,806 contiguous acres. The enhanced
land position surrounds both the Clayton Veins and th e Prochnau Veins systems, and includes their
respective strike extensions. Success with early dr illing would open up the prospect of considerable
TSX-V: SRC | SKHRF | WKN: A2A CEP
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expansion on strike and depth extensions.
QC/QA
The drill core was logged by an independent QP cons ulting geologist, sawed in half by an independent,
third party services company and submitted under chain-of-custody procedures to ALS Chemex
laboratory in Elko, Nevada. The samples were s ubmitted for processing and rush 50 g fire assay
analyses for gravimetric gold and silver. Stakeholder expects to receive assays in the coming weeks.
Richard R. Redfern, C.P.G. and M. S. (Geology), Geological Consultant for Stakeholder Gold, is the
Qualified Person for the Company, as defined by NI 43-101, who has reviewed and approved the
contents of this press release.
About Stakeholder Gold
Stakeholder Gold Corporation is a Canadian minera l exploration company hea dquartered in Toronto,
Canada. The primary focus of the Corporation during 2017 is to explore the Goldstorm property in Elko
County, Nevada (USA). Stakeholder is also explor ing on its 100% owned Ballara t Gold Project located
in the White Gold District of the Yukon Territory, Canada.
For further information on the content of this release or about Stakeholder Gold, please contact:
Stakeholder Gold Corporation
416 548 - 9749
Forward Looking Information
This news release contains forward-looking information. All info rmation, other than information of historical fact, constitute
“forward-looking statements” and includ es any information that addresses activ ities, events or developments that the
Corporation believes, expects or anticipates will or may occur in the future includ ing the Corporation’s strategy, plans or
future financial or operating performance.
When used in this news release, the words “estimate”, “project”, “anticipate” , “expect”, “intend”, “believe”, “hope”,
“may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify
forward-looking information. The forward-looking information is based on current expectations and applies only as of the
date on which they were made. The factors that could cause actual results to differ materially from those indicated in such
forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration
expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could
also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly
filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such information. Accordingly, investors
should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not
assume any obligation to release publicly any revisions to forward-looking information contained in this press release to
reflect events or circumstances after the date hereof.
TSX-V: SRC | SKHRF | WKN: A2A CEP
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