Stakeholder Announces First Blue Quartzite Dividend Payment
FOR IMMEDIATE RELEASE TSX Venture Exchange
January 14th, 2020 Symbol: SRC
Shares Outstanding: 11,151,957
Stakeholder Announces First Blue Quartzite Dividend Payment
Stakeholder Gold Corporation (TSXV: SRC) (“Stakeholder” or the “ Company”) is pleased to
announce the first payment received in Canada for sales of exotic blue quartzite blocks from its wholly
owned subsidiary Victoria Mining Corporation (“ VMC”). VMC’s exotic blue quartzite quarry is
situated in the Municipality of Dom Joaquim in the State of Minas Gerais , Brazil. Blue quartzite is
quarried for export from Brazil ’s unique stone quarry operations to the refined, high-end building
material markets of Europe, Asia, and North America.
VMC's High-Margin Blue Quartzite
The first three blocks of the Company’s exotic blue quartzite material, comprising 30 cubic meters, have
been sold and a profits dividend has been successfully sent to Toronto. The blocks were sold at an
operating profit of $1,600 USD per cubic meter. Multiple buyers have expressed interest in VMC’s
exotic blue quartzite blocks, and the Company expects to be able to develop production from several
quarries across its 100% owned project area.
“Market demand for our exotic blue quartzite is developing very well. We have received advanced
interest for regular purchases in the range of 150 to 200 cubic meters per month from a total of four
separate buyers. We have now completed a first dividend payment back to Toronto out of profits from
sales in Brazil , and we see potential for a regular and steady increase in monthly dividend payments
through 2021. We expect to hit a production and sales target of 150 cubic meters per month by March
2021,” stated Marcus Chase, President of VMC.
“VMC’s exotic blue quartzite business is now providing cash flow. Operating cash flow enables us to
restrict treasury share issuance as we unlock value from the Company’s 100% owned Ballarat Gold
Project which is situated in the heart of the White Gold Dis trict of the Yukon Territory in Canada ,”
stated Christopher Berlet, President and CEO of Stakeholder.
About Ballarat Gold Project
Stakeholder Gold’s 100% owned Ballarat Gold Project is comprised of 7,442 hectares of claims located
in the heart of the White Gold District of the Yukon Territory , Canada . Ballarat Creek, which is fed
from headwaters located on the Ballarat property, has been one of the most prolific placer gold
producers of the White Gold District.
There are several gold occurrences on t he Company’s Ballarat Gold Project which merit further
exploration work. In addition , more than 10 km of the Northern Gateway Road, which is being
developed to traverse and service the Yukon’s White Gold District , is being constructed across the
Company’s Ballarat claim area.
The Company’s Ballarat Project claim group also includes title to 10 claims located within the nearby
Coffee Project which is being developed by Newmont Corp. south of the Yukon river.
For further information please contact:
Stakeholder Gold Corporation
Telephone: (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.
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 n ot
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.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.