Ballarat 2016 Exploration Summary and Plans for 2017
FOR IMMEDIATE RELEASE
TSX Venture Exchange
February 7th, 2017 Symbol: SRC
Shares Outstanding: 19,338,662
Ballarat 2016 Exploration Summary and Plans for 2017
During 2016, the Company completed a comprehensive exploration program on the Ballarat project; this
work included: collection of 1,72 3 grid and reconnaissance soil samples; 425 GT Probe bedrock
interface samples over 5 lines on the Northwest Zone; 11.76 line-km of high-resolution DC IP-
Resistivity surveys over 28 lines on the Northwes t and Eastern Zones; a 38.75 sq. km drone-derived,
aerial photographic and DEM data capture survey of the property; geologic mapping and prospecting;
and 1,728.15 m of RAB Drilling in 18 holes on the Eastern Zone.
Although the 18 RAB holes drilled on the Eastern Zone (of a planned 30 hole pr ogram curtailed due to
weather) yielded only narrow intervals of anomalous gold, the northeastern extension of the zone as well
as the newly-discovered Skye Zone, located 1,500 m to the southwest, we re not tested by drilling. Also,
certain targets on the Northwest Zone have not yet been drilled.
Eastern Zone
Interpretations made by Groundtruth Exploration In c., who managed the program, indicate there were
two mineralizing events.
One, with an Au-Ag-Hg-Te signature, has similarities to known occurrences on the White Gold showing
and the deep zone in the Golden Saddle deposit. Thes e can be high grade in the right structural setting,
and the best continuity is found wher e the mineralization/alteration is formed at a deeper setting with an
Au-Mo +/-Pb signature (Golden Saddle and QV)
The other event has an Ag-A s-Bi-Cu-Pb-Sb-Zn signature. This is lik ely later and intrusive-related, most
likely dikes following the same structures that host the earlier gold-rich event. This later event may have
overprinted the earlier one--possibly diluting the gold content.
Skye Zone
This zone is very much the same as the Eastern Zone but with better exposure. It contains more quartz
veins and the significant Au-Mo +/-Pb geochemi cal signature (similar to Golden Saddle). The
orientation of the mineralization is unknown, and this zone needs to be tested with geophysics and
drilling.
Northwest Zone
Mineralization at the Northwest Zone is interpreted to be associated with E-NE oriented splay(s) from
the NE-trending Ballarat fault, but direct observations of mineralizati on are few due to cover. Float of
discrete, often sulfide bearing quart z veins and quartz vein breccias occur; however , pieces of strongly
quartz-sericite altered felsic gne iss with stockwork quartz veining were noted, indicating that more
robust zones of alteration and mineralization exist. Overall, three primary factors appear to be associated
with localizing mineralization in the NW Zone:
1.) Host rock,
2.) pre-mineral ductile deformation, and
3.) brittle, likely syn-mineral, faulting.
While mineralization can occur over the trend in any of the host rocks, the primary focus of exploration
should be along interpreted brittle structures within the felsic gneiss and/or contact with the amphibolite.
The Ballarat property has strong potential to host si gnificant gold mineralizati on. It sources, and is
adjacent to, four placer bearing creeks: Ballarat, Kirkman, Thistle & Barker. The property is cut by
regional scale structures and has evidence of multiple ductile-brittle deformation events. It is underlain
by chemically reactive and/or brittle host rocks with robust geochemical anomalies.
While the results of 2016 explorati on activities weren’t significant (i n a market sense), they were
positive. At the Northwest Zone, results indicate the potential for km-scale mineralized structures that
are untested (despite historic diam ond drilling in the area) and warra nt follow-up drilling. At the East
Zone, RAB drilling intersected significant zones of alteration, albeit at low grades, adjacent to a regional
scale fault, and there are indicatio ns of at least two hydrothermal ev ents. This is im portant because it
demonstrates that there were active gold-bearing, hydrothermal system(s) in the area. The Skye zone is a
new discovery at surface that was missed during hist oric exploration efforts on the property. It is open
for expansion along strike and warr ants drill testing. There are al so new anomalies identified from
reconnaissance soils that warrant follow-up grid sampling and prospecting.
A further 146 mineral claims were staked by the Co mpany south of, and contiguous with, the existing
claims; the property now consists of 346 claims covering approximately 69 sq. km (6,900 ha). Little
information is available from this area. The access road planned for Goldcorp’s Coffee deposit will pass
through the eastern half of these claims (Link 1 below).
Specific recommendations for conti nued exploration on the Ballarat pr operty include: additional grid
and reconnaissance soil samples, additional IP-Res istivity surveys, additional geologic mapping and
prospecting and initial RAB drilling on the Northwest and Skye Zones.
“During 2016, GroundTruth Exploration Inc. management were able to identify se veral targets of merit
for gold exploration on Ballarat, and to increase the size of the Stakeholder land position by more than
42%. The White Gold District rema ins one of the world’s premiere locations for gol d exploration.
Stakeholder is positioned in proximity to much la rger companies (Link 2 below) that have already
identified the significant economic potential of the district, manife sting their interest by way of
acquisitions and joint venture agreements. Ballarat Cr eek has been a prolific and rewarding placer gold
producer, yielding in excess of 104,000 oz. of historical gold production, and we are looking forward to
the 2017 exploration season.” -- Christopher Berlet, President and CEO.
Links to recently updated maps on Stakeholder website:
Link 1 Ballarat Property Including New Clai ms & Proposed Coffee Road Jan, 2017
http://stakeholdergold.com/wp-content/uploads/2016/04/CLAIM-LOCATIONS-BALLARAT-copy.jpg
Link 2 Major Claim Holders & Deposits of the Wh ite Gold District, Yukon Territory Jan, 2017
http://stakeholdergold.com/wp-content/uploads/2016/04/WHITE-GOLD-DISTRICT-CLAIMS-JANUARY-2017.png
John Nebocat, P.Eng is a Qualified Person under NI 43-101 and 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.
The primary focus of Stakeholder is to explore a nd develop the Ballarat Gold Property in the White
Gold District of the Yukon Territory.
Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respons ibility for the adequacy or accuracy of this
release.
For more Stakeholder Gold Corp. information, please contact
Christopher J. Berlet, CFA
President & CEO
416 525-6869
Forward-Looking Statements: This news release contains forward-lo oking statements that include risks and uncertainties. When u sed in this news
release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “h ope”, “may” and sim ilar expressions, a s well as “will”, “shall”
and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current
expectations and apply only as of the date on which they were m ade. The factors that could cause actual results to differ mate rially from those indicated
in such forward-looking statements include changes in the pr evailing price of gold, the prevailing price of natural gas, the Ca nadian-United States
exchange rate, amount of gas produced that could affect revenue s and production costs. Other factors such as uncertainties reg arding government
regulations could also affect the results. Other risks may be set out in the Company’s annual financial statements and MD&A.