Stakeholder Receives Approval for Option Agreement on Goldstorm Property in Elko, Nevada
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FOR IMMEDIATE RELEASE
TSX Venture Exchange
May 9th, 2017 Symbol: SRC
Shares Outstanding: 19,338,662
Stakeholder Receives Approval for Option Agreement on Goldstorm Property in Elko, Nevada
Toronto, Canada, May 9, 2017 – Stakeholder Gold Corp. (“Stakeholder Gold” or the “Corporation”) (TSX-V:
SRC) is pleased to announce it has received approval from the TSX Venture Exchange for the previously
disclosed 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 the Agreement Mountain View has granted the Corporation an option to earn up to 100% interest in
Mountain View’s Goldstorm property (the “Property”), located in Elko County, Nevada. Terms of the agreement
are as reflected in the Company’s prior press release dated March 8th, 2017.
The Property
The Property is situated in the Snowstorm Mountains Mining District in the western part of Elko County, Nevada.
The Property is located approximately 17 km northw est of Klondex’s Ken Snyder (“Midas”) underground gold
mine, approximately 18 km east-northeast of Newmont ’s Twin Creeks gold mine and approximately 25 km
northeast of Barrick Gold’s Turquoise Ridge mine.
A National Instrument 43-101 technical report on the prope rty has been filed on SEDAR and is available on the
Stakeholder Gold website at: http://stakeholdergold.com/goldstorm-project/ni-43-101-technical-report/
The Property contains numerous historic prospects, a nd the earliest known exploration dates to 1907. There was
no activity on the Property between the 1930’s and 1980. An aeromagnetic survey, along with trenching, was
conducted in the 1980’s. Dr illing exploration commenced in 1989 an d was conducted by various companies
through 2000. Geologic mapping was published in 1993. Me xivada acquired the Property in 2007, and West
Kirkland Mining leased the Property from Mexivada in 2010.
In 2010, West Kirkland Mining drilled two core holes on the Property. Drill hole WG-1001 is located on the
Clayton Veins system, situated about 1 km south-southw est of the more extensively explored Northern zone.
Beginning at 64.4 m depth , the hole intercepted a 2 m vein zone that assayed 5.5 g/t Au , including a 1 m
interval @ 9.29 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 along strike and to depth. Evidence of veining has been traced over 2,000 m
strike length, and these veins will be the subject of explor ation drilling planned to be undertaken by Stakeholder
in the coming months.
The exploration target/model for the Property is based on the Midas mine located about 16 km (10 miles) to the
southeast. Goldstorm sits near the intersection of three important gold-bearing structural corridors: the Getchell
Trend; the Carlin/Midas Trend and the Northern Nevada Rift.
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* Goldstorm property located at the intersection of 3 prominent gold trends in Nevada
Gregory C. Ferdock, PhD (ABD), MSc is a Qualified Person under NI 43-101 and has reviewed and approved the
technical portions of this news release.
About Stakeholder Gold
Stakeholder Gold Corporation is a Canadian mineral exploration comp any headquartered 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 exploring on its 100% owned Ba llarat Gold Project located in the White Gold District
of the Yukon Territory, Canada.
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For further information, please contact:
Christopher J. Berlet BSc. (Mining), CFA
President & CEO
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.
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.