Stakeholder Gold Corp. (TSXV:SRC) announced it has completed the phase I exploration program on the company’s Ballarat property, located in the Dawson Range, Yukon.
Induced polarization/resistivity and GT probe surveys were conducted on the Northwest Zone over a strike length of 1,800 metres. In-fill soil samples were collected where the terrain was not accessible with the GT probe.
The Eastern Zone, located about 7 km from the Northwest Zone, has been gridded and soil sampled; approximately 500 samples have been collected from that location. A follow-up program of geophysics and GT probe testing is planned once the results of the soil sampling have been received and reviewed, likely to be sometime after mid-July.
The Ballarat Project was recently visited by Company management. It has been determined that the previous drilling (5 holes) did not adequately test the Northwest Zone. Evidence from the trenches (2010) and the preliminary geophysical survey and GT probe analyses (XRF) indicate that the target zone(s) lie north and northwest of the holes drilled in 2012.
When results from the Phase I program have been compiled and reviewed, a rotary air blast (RAB) drilling program is planned to commence in early August.