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Stakeholder Gold Corp.
Summary
| Project: | Goldstorm | |
|---|---|---|
| Deposit: | Goldstorm | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 5/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-5-2017: Stakeholder Gold Corp. announces a Supporting Acquisition report for its Goldstorm deposit at the Goldstorm project. Summary of property in support of option agreement with Mountain View Gold Inc.. This technical report on the Goldstorm Project | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gregory C. Ferdock (CGF Geological Consultants) | |
| ABSTRACT: | This technical report on the Goldstorm Project was prepared at the request of the issuer Stakeholder Gold Corporation (“Stakeholder”), a public corporation, listed on the TSX Venture Exchange under the symbol “SRC”, whose registered office address is 1612-25 Adelaide Street East, Toronto, ON M5C 1Y2 Canada. Stakeholder entered into a property option agreement with Mountain View Gold Inc. (MVG) and Mountain View Gold Corp., a wholly owned subsidiary of MVG on March 8, 2017 for an option to earn up to a 100-per-cent interest in Mountain View's Goldstorm property, located in Elko County, Nevada. The transactions contemplated by the agreement are conditional upon and subject to the approval of the TSX Venture Exchange. Two types of gold mineralization are hosted within hydrothermally altered volcaniclastics and basalts. The first is hosted within quartz veins of white bull quartz which are up to 15 cm wide and have had reported gold values of up to 39.05 ppm and silver to 118.62 ppm. Banded microcrystalline quartz veins were identified on the south-western flank of Hill 7323. These banded veins are hosted by silicified basalt. Banded quartz veins, with and without boxwork textures have been intercepted in recent core drilling. These veins are interpreted to be striking west-northwest to northwest and dipping nearly vertically. Banding is resultant from brassy pyrite interlaminated with grey marcasite. In areas of elevated gold and silver values, these iron sulfides locally host micro-granular electrum, while larger grains of electrum and naumannite locally are found situated on the outer edges of the sulfides. | |
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