Stakeholder Announces Option Agreement on Goldstorm Property in Elko, Nevada
FOR IMMEDIATE RELEASE
TSX Venture Exchange
March 8, 2017 Symbol: SRC
Shares Outstanding: 19,338,662
Stakeholder Announces Option Agreement on Goldstorm Property in Elko, Nevada
Toronto, Canada, March 8, 2017 – Stakeholder Gold Corp. (“Stakeholder Gold” or the “Corporation”) (TSX-
V: SRC) is pleased to announce it has entered into a property option agreement (the “Agreement”) with
Mountain View Gold Inc. (“MVG”) and Mountain View Gold Corp. (“Mountain View”), a wholly-owned
subsidiary of MVG, pursuant to which Mountain View has granted the Corporation an option to earn up to a 100%
interest in Mountain View’s Goldstorm property (the “Property”), located in Elko County, Nevada. The
transactions contemplated by the Agreement are conditiona l upon and subject to the approval of the TSX Venture
Exchange.
The Agreement
First Option
Under the terms of the Agreement, the Corporation has th e sole exclusive right and option to earn an initial 40%
interest in the Property (the “First Option”), by: (i) payi ng to Mountain View cash consideration in the amount of
$40,000, (ii) issuing to Mountain View 1,250,000 common shares in the capital of the Corporation (the “Common
Shares”), (iii) issuing to Mountain View an additional 1,250,000 Common Shares on the nine month anniversary
of the date of the Agreement, and (iv) incurring certain exploration expenditures on the Property of not less than
$750,000 within 12 months of the effective date of the Ag reement or by paying to Mountain View the balance of
such amount not incurred by the Corporation prior to that date.
Second Option
Following the completion of the First Option, the Corporati on has the option to earn a further 40% interest in the
Property (the “Second Option”), by: (i) issuing to Mountain View 1,750,000 Common Shares upon the date of
exercise (the “Second Option Exercise Date”), (ii) issu ing to Mountain View an additional 1,750,000 Common
Shares on the three month anniversary of the Second Option Exercise Date, (iii) incurring certain exploration
expenditures on the Property of not less than $750,000 with in nine months of the Second Option Exercise Date or
by paying to Mountain View the balance of such amount not incurred by the Corporation prior to that date, and
(iv) delivering a technical report relating to the Property.
Third Option
Following the completion of the Second Option, the Corpor ation has the option to earn a further 20% interest in
the Property (the “Third Option”), by either: (i) payi ng to Mountain View cash consideration equal to $20 per
ounce of gold or gold equivalent mu ltiplied by the total ounces of gold or gold equivalent (mea sured, indicated
and inferred) on the Property as set out in a technical report, to be dated no later than 60 days prior to the exercise
date of the Third Option, or (ii) issuing to Mountain View 3,000,000 Common Shares.
The Property
The Property is located in the Snowstorm Mountains Mining District in the western part of Elko County, Nevada.
The center of the Property is approximately 17 km northwest of the town of Midas, the location of Klondex’s Ken
Snyder (“Midas”) underground gold mi ne and approximately 18 km east-northeast of Newmont’s open pit Twin
Creeks gold mine.
The Property contains numerous historic prospects w ith no obvious production; the earliest known exploration
dates to 1907. There was no activity on the Property be tween the 1930’s and 1980. An aeromagnetic survey,
along with trenching, was conducted in the 1980’s. Dr illing exploration commenced in 1989 and was conducted
by various companies through 2000. Geologic mapping w as published in 1993. Mexivada acquired the Property
in 2007, and West Kirkland Mining leased the Property in 2010 and drilled two core holes.
Of a total of 53 holes drilled on the Property, only 3 were core holes. The bulk of the percussion (open hole) and
reverse circulation (RC) drilling was performed along a dominantly east-west trending structural zone located
from 500 m to 1,000 m north of the current target area. A boulder train, yielding results as high as 39 g/t Au
occurs along this northern trend, but drilling failed to identify the source.
In 2010, West Kirkland Mining drilled two core holes on the Property. DH-2010-1 is located on the Clayton
Veins system, situated about 1 km south-southwest of the northern zone. Beginning at 64.4 m depth, the hole
intercepted a 2m vein zone that assayed 5.5 g/t Au, incl uding a 1 m interval @ 9.27 g/t Au and 73 g/t Ag. The
Clayton Veins system trends NW-SE and has been tested by only this one drill hole. The parallel Prochnau Veins
system, located about 300 m to the NE, has not yet been drill-tested. Both these vein systems are open to the NW
and SE, and evidence of veining has been traced over 2,000 m strike length.
The exploration target/model for the Property is based on the Midas mine located about 16 km (10 miles) to the
south-east. Goldstorm sits near the intersection of three im portant gold-bearing structural corridors: the Getchell
Trend; the Carlin/Midas Trend; and the Northern Nevada Rift. It is interpreted that the intercept in hole DH-2010-
1 is near the top of a blind, potentially high grade shoot similar to the geological setting observed at the Midas
Mine.
About Stakeholder Gold
Stakeholder Gold is a Canadian mineral exploration company h eadquartered in Toronto, Canada. The primary
focus of the Corporation is to explore and develop the Ba llarat Gold Property in the White Gold District of the
Yukon Territory.
For further information, please contact
Christopher J. Berlet, CFA
President & CEO
416 525 - 6869
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 and obtaining TSX Venture Exchange approval of the Agreement and the
transactions contemplated therein. 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.
Neither the TSX Venture Exchange nor its Regulation Service Prov ider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.