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Stakeholder Gold Corp.
Summary
| Project: | Goldstorm | |
|---|---|---|
| Deposit: | Goldstorm | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 3/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-3-2018: Stakeholder Gold Corp. announces an Exploration/Drilling Update report for its Goldstorm deposit at the Goldstorm project. Drilling results incl. 0.91m @ 0.11ppm Au, 0.002ppm Ag from 138.73m. Toronto, Canada, March 27th, 2018 – Stakeholder Gold | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Redfern (Not stated) | |
| ABSTRACT: | Toronto, Canada, March 27th, 2018 – Stakeholder Gold Corp. (“Stakeholder Gold” or the “Company”) (TSX-V: SRC) is pleased to announce further assay and geochemical results confirming the discovery of the new “Trail Hill” Midas-style gold-silver zone in its first core drill hole on the Goldstorm property in Nevada. The property is located 17 km northwest of the Midas Mine of Klondex Mines Ltd., which is being acquired by Hecla Mining Company, and 18 km northeast of the Twin Creeks Mine of Newmont Mining Corporation. Gold-silver mineralization in the basal “S Fault” contact zone of the Trail Hill gold-silver target area was re-assayed with narrower, more select samples. The rocks above this fault zone were oxidized and quartz-silica-pyrite altered and mineralized from a core hole depth of approximately 7 metres to 138 metres. The drillhole, inclined at -57 degrees, evidenced strong silica-pyrite flooding with local spots of an unidentified black, oxidized mineral across much of this zone. Stakeholder re-assayed the fault contact zone on both sides of the S Fault. The upper 0.43 m basal limonitic fault breccia, between 137.68 m and 138.11 m, assayed 18 ppb gold and a strongly anomalous 3.39 g/t silver. The first interval below the fault, between 138.11 m and 138.72 m, contained an abundant amount of the black mineral in brecciated, altered, dark gray basalt and sedimentary rock that assayed 54 ppb gold, 137 ppm (4 ounces per ton) silver (a Goldstorm project high for silver) and 109 ppm arsenic, with elevated copper, molybdenum and antimony--indicating that the S Fault could be a feeder to gold-silver mineralization. The third, basal 0.91 m interval, down to 139.63 m, assayed a high 110 ppb gold, 2.16 ppm silver and 183 ppm arsenic in medium-gray fractured mudstone and tuff. | |
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