Stakeholder Gold Corp. Announces Robert Cuffney as Exploration Manager for Goldstorm, Nevada
Stakeholder Gold Corp. Announces Robert Cuffney as
Exploration Manager for Goldstorm, Nevada
Toronto, Ontario--(Newsfile Corp. - July 6, 2017) -
Stakeholder Gold Corp.
(TSXV: SRC) ("Stakeholder Gold" or the
"Corporation") is pleased to announce the addition of Robert G. Cuffney in the role of Exploration Manager for Nevada.
Robert has more than thirty-five years of consulting experience working as a professional exploration geologist, including five
years working as Senior Geologist for Newmont Exploration Ltd. in Nevada. In the 1990's he was responsible for Newmont's
district-wide exploration program in Nevada, heading up the search for Carlin type deposits and working in the Great Basin
outside of the Carlin Trend. Robert also has extensive experience in exploration for, and development of, epithermal gold
deposits in the western U.S. and Mexico, including the Moss mine project currently under development in Arizona.
"We are pleased with the addition of Robert Cuffney to the team. Robert will manage our upcoming exploration effort on
Goldstorm in Nevada. The target today has characteristics similar to those identified in the early stages of exploration work at
Midas, and having highly qualified and experienced geological management will contribute greatly to our chances of unveiling a
new discovery at Goldstorm", stated Chris Berlet, President and CEO.
Goldstorm
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 northwest 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 property has been filed on SEDAR and is available on the Stakeholder
Gold website at:
http://stakeholdergold.com/goldstorm-project/ni-43-101-technical-report/
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-southwest 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 @ 9.2
9
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 exploration 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 17 km (11 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.
*
Goldstorm property located at the
intersection of 3 prominent gold trends
in Nevada
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John Nebocat, BSc (Geological Engineering), P.Eng, Vice President Exploration for Canuc, is the Qualified Person for the
Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.
About Stakeholder Gold
Stakeholder Gold Corporation is a Canadian mineral exploration company 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 Ballarat 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, please contact:
Christopher J. Berlet BSc (Mining), CFA
President & CEO
416 548 - 9749
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 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 Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.