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Stakeholder Gold Begins Exploration on Ballarat Gold Project

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Stakeholder Gold Corp. (TSXV:SRC) announced it has started exploration on its wholly owned Ballarat gold project located in the White Gold District of the Yukon Territory.

Stakeholder Gold Corp. (TSXV:SRC) announced it has started exploration on its wholly owned Ballarat gold project located in the White Gold District of the Yukon Territory.
As quoted in the press release:

GroundTruth Exploration Inc. will conduct the exploration program starting at the Northwest zone and will then move 7.5 kilometres east to the Eastern zone. Planned work for the phase one program includes:

  • A drone-generated high-resolution topographic survey of the entire property (about 40 square kilometres);
  • Detailed geological mapping of Northwest and Eastern zones;
  • Twenty-one DC IP-resistivity profiles at the Northwest zone totalling just over 8.2 line-kilometres;
  • Five DC IP-resistivity profiles at the Eastern zone totalling just over 2.1 line-kilometres;
  • A minimum of eight GT probe lines totalling over 3.15 line-kilometres to test the bedrock interface at five-metre intervals at the Northwest zone;
  • Conventional soil sampling at the Eastern zone over a grid measuring 1.3 kilometres by 1.7 kilometres.

The phase one program should take about four weeks to complete.
Pending success, the company is planning a phase two program for 2016 that will include RAB (rotary air blast) drilling of targets defined in phase one.
The target at Ballarat, like many of the gold deposits in the Yukon range, is a structurally controlled (orogenic) type, hosted by moderate- to high-grade metamorphic rocks that have undergone subsequent large-scale faulting and localized intrusion with accompanying hydrothermal alteration and mineralization.

Connect with Stakeholder Gold Corp. (TSXV:SRC) to receive an Investor Presentation.

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