Stakeholder Gold Corp.

Stakeholder Gold Corp.

November 29, 2011 09:38 ET

Stakeholder Samples Up to 0.79 Grams per Tonne Gold in Soil at Culvert Property in Yukon

VAL D'OR, QUEBEC--(Marketwire - Nov. 29, 2011) - Stakeholder Gold Corp. ("Stakeholder")(TSX VENTURE:SRC) is pleased to announce the results of a 1,768 deep auger-type soil geochemical survey that was completed on the Culvert property in late July and early August 2011. The 75-claim (1,553 hectare) Culvert property is located in the Little Hyland River valley some 200 kilometres north of Watson Lake, Yukon. The sampling was done over the entire property at 50m sample intervals on lines spaced 100m apart. Parts of the property, the lower elevations in particular, are covered by glacial drift deposits. These areas were not sampled such that soil sample results are generally representative of the underlying bedrock.

The sampling has defined a strong, southeast-trending gold anomaly located in the southeastern part of the property. The gold zone extends over a distance of 1.7km and is in places up to 250m wide with gold values up to a maximum of 0.79 grams per tonne (gpt Au). The zone lines up with the main Culvert showing where gold values up to 22.8gpt Au have been returned from grab samples. The showing consists of quartz veins and breccias within sheared meta-sedimentary rocks belonging to the Vampire Formation. Similar mineralization has been traced by the property vendors in float and scattered outcrops on surface northwest of the showing. However, the soil geochemical results are stronger southeast of the showing indicating that there is better gold potential in this direction.

"The 2011 soil geochemical results clearly outline a gold-bearing structure that is exposed at and extends in both directions from the main Culvert showing" explains Mark Fekete, President and CEO.

All soil samples were collected by Breakaway Exploration Management Inc. All analytical work was completed at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, British Columbia. Acme is accredited under ISO 9001. Soil samples were prepared by drying and sieving 100g to -80 mesh, and then analyzed for 36 elements (including gold) by 15 gram Aqua Regia digestion, ICP-MS finish. 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 that reviewed 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.

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Contact Information

  • Mark Fekete
    President and CEO
    Toll Free: 1-877-874-8182