Stakeholder Samples Up to 0.79 Grams per Tonne Gold in Soil at Culvert Property in Yukon
November 29 2011 - 9:38AM
Marketwired
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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Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Mark Fekete President and CEO Toll Free:
1-877-874-8182
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