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Stakeholder Gold Corp. (SKHRF) is engaged in mineral exploration with a focus on discovering gold and copper resources. The company's core operations center around its 18,741 hectare Ballarat Project located in the White Gold District of the Yukon Territory. Stakeholder's claims cover strategic ground features in proximity to key mining projects in the region, positioning it as a significant player in the evolving White Gold mining camp. The Company recently initiated a multiphase exploration program to assess the mineral potential of its claims, targeting both gold and copper mineralization. With an extensive history of placer gold production in the area, Stakeholder's Ballarat Project holds promising geological features such as Cretaceous age intrusives and distinct host rock and structural controls indicative of potential mineral deposits. The company's strategic location, surrounded by major mining projects like Newmont's Coffee Gold, Western Copper and Gold's Casino Project, and White Gold's exploration efforts, enhances its exploration prospects. Stakeholder's commitment to responsible, high-quality exploration guided by industry best practices underpins its mission to unlock the full mineral potential of its vast land holdings.
Stakeholder Gold Corp. (TSXV: SRC) has announced results from the VLF-EM geophysical survey at its Ballarat Gold-Copper Project in Yukon Territory. The survey, part of the 2024 summer exploration program, revealed strong correlations between surface gold zones, cross-cutting structures, and low-resistivity zones at the Skye Gold Zone.
The Skye Gold Zone features two NE-SW trending gold soil anomalies extending 1.9 km and 1.3 km, associated with indicator minerals Mo, Pb, and Te. The VLF-EM survey covered 2.5 line-km across six lines, identifying structural targets similar to the Golden Saddle deposit.
For 2025, the company is planning up to 2,500m of drilling across 8-10 holes on the Skye Gold Zone and 1-2 holes on the Loki Copper Zone. The Ballarat Project, covering 18,741 hectares, is strategically located in the White Gold District, near Newmont's Coffee Gold Project and Western Copper and Gold's Casino Project.
Stakeholder Gold Corp (TSXV: SRC) (OTC Pink: SKHRF) has announced the startup of its third quarry in Minas Gerais, Brazil, focusing on white quartzite production. The quarry is expected to produce 250m³/month of white quartzite blocks for cutting and polishing into slabs. Environmental licenses were issued in 2023, and a commercial license application was submitted to ANM on November 6, 2024.
The company's first quarry achieved sales of approximately 130m³ of blue quartzite in October, with total sales reaching USD $200k. The breakeven rate for operating a quarry in Brazil is estimated at 30m³ per month. The company expects profitability in Q4 2024 and anticipates a strong start to 2025 with all three quarries operational.
Stakeholder Gold Corp. (TSXV: SRC) has announced results from its 2024 exploration program at the Ballarat Gold Project in Yukon Territory. Key findings include the Skye Gold Zone, featuring two gold soil trends extending 1.9 km and 1.3 km, and the Loki Copper Zone, showing a 2.3 km x 530 m zone of anomalous copper. The company completed a property-wide drone magnetic survey covering 2,008 line-km, revealing important structural controls. The Ballarat Property spans 18,741 Ha in the White Gold District and is strategically located near major mining projects. Management plans to begin drilling both zones in early 2025.
Stakeholder Gold Corp. (TSXV: SRC) celebrates Klondike Gold Discovery Day in Yukon Territory, Canada. The holiday commemorates the 1896 gold discovery that sparked the Yukon Gold Rush. Stakeholder holds a 100% ownership of an 18,741-hectare claim in the White Gold District, centered around Ballarat Creek, a prolific placer gold producer.
The company's Skye Zone exploration target, located east of Ballarat Creek, has revealed two distinct gold in soil trends of 1.9 km and 1.3 km. These findings are the focus of the 2024 exploration season. Stakeholder aims to deliver another significant gold source discovery in the White Gold District, building on the region's rich history of gold exploration and discovery.
Stakeholder Gold Corp. (TSXV: SRC) has announced the start of its 2024 exploration program on the 100% owned Ballarat Gold Project in Yukon, Canada. The program aims to further investigate gold and copper anomalies identified in previous years. Key highlights include:
1. Two gold in soil trends of 1.9 km and 1.3 km in the Skye Zone
2. Multiple spot gold anomalies west and east of Ballarat Creek
3. A 500 m wide zone of anomalous copper samples in the Loki Zone
The 2024 program will include grid soil sampling, VLF surveys, geological mapping, prospecting, and a drone magnetic survey. The work will focus on the Skye and Loki Zones, both located near the proposed Northern Gateway Road, potentially offering logistical advantages for future development.
Stakeholder Gold Corp (TSXV: SRC) has received a license for its second white quartzite quarry in Minas Gerais, Brazil, with infrastructure development underway. The company awaits an environmental license from SUPRAM to begin full operations. A sample block is being produced for marketing. The demand for white quartzite is strong, promising steady margins and profits. Licensing for a third quarry is nearing completion, and the company plans to open four new quarries in 2024. Stakeholder also aims to enter the Canadian market, leveraging its existing personnel and equipment. The company anticipates premium prices for new quarry materials. Stakeholder's strategy includes expanding quarry operations and potential gold and copper discoveries in Yukon, Canada.
Stakeholder Gold (TSXV: SRC) has successfully closed a non-brokered private placement, raising $1,700,000 CAD. This was achieved by issuing 1,700,000 Units at $1.00 per Unit, each containing one common share and one half of a common share purchase warrant. Whole warrants are exercisable at $1.50 for two years, with an early exercise trigger if the share price exceeds $3.00. Proceeds will fund the Ballarat Exploration Project in Yukon and the quartzite business in Brazil. An officer subscribed for 55,000 Units, a related party transaction under MI 61-101, which didn't require formal valuation or minority approval. All issued securities have a four-month hold period, and final approval by the TSX Venture Exchange is pending.