Stakeholder Gold Corp.

Stakeholder Gold Corp.

August 15, 2011 09:00 ET

Stakeholder Acquires Marion Property in White Gold Area of Yukon

DAWSON CITY, YUKON--(Marketwire - Aug. 15, 2011) - Stakeholder Gold Corp. (TSX VENTURE:SRC) is pleased to announce that it has acquired the 396-claim (8,002-hectare) Marion property by staking. The property is located in the Ten Mile Creek area of the White Gold district approximately 80km southwest of Dawson City, Yukon. The Ten Mile area is very active with properties held by Ryan Gold (Flume property), Solomon Resources (10-Mile property) and Stina Resources (Dime property). Previous work in the area by Teck and Phelps Dodge identified a number of gold showings spatially related to contacts between intrusive rocks with high grade metamorphic rocks of various affinities. More recent work indicates gold-in-soil geochemical zones related to southeast to northwest and east to west structural trends.

The White Gold area lies within an underexplored part of the Tintina Gold Belt. This metallogical province has past production of 29.9 million ounces and 39.3 million ounces of resources for total gold resources of 69.2 million ounces. Notable gold deposits are Donlin Creek, Ft. Knox, Pogo and Brewery Creek. The White Gold area overlaps with the Klondike Gold camp where over 20 million ounces of placer gold have been produced to date. The hard rock potential of this area had not been recognized until 2009 when Underworld Resources Inc. announced the Golden Saddle discovery. This led to a massive staking rush that was followed in 2009 by a second major discovery by Kaminak Gold Corp. on its Coffee Project. The White Gold area is currently one of the busiest exploration districts in Canada. Stakeholder holds a total of 17,046 hectares in the area.

"Marion Creek is part of our ongoing acquisition strategy in Yukon. Despite the recent market turmoil we remain convinced that Yukon has turned a page and will continue to be one of the hottest exploration areas in Canada," comments Mark Fekete, President and CEO.

A finder's fee of 150,000 shares is payable, subject to approval by the TSX Venture Exchange, to an individual who identified and recommended the Marion property to Stakeholder. Mark Fekete, P.Geo. is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the technical content of this release.

This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Stakeholder Gold Corp.
    Mark Fekete
    President and CEO
    Toll Free 1-800-610-9552 or 778-785-3159