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Stakeholder Celebrates Klondike Gold Discovery Day

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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) celebra il Klondike Gold Discovery Day nel Territorio dello Yukon, Canada. Questa festività commemora la scoperta dell'oro del 1896 che ha innescato il Klondike Gold Rush. Stakeholder detiene il 100% di un'area di 18.741 ettari nel White Gold District, situata attorno al Ballarat Creek, un produttore prolifico di oro alluvial.

L'obiettivo di esplorazione Skye Zone dell'azienda, situato a est del Ballarat Creek, ha rivelato due distinti andamenti di oro nel suolo di 1,9 km e 1,3 km. Queste scoperte sono il fulcro della stagione di esplorazione del 2024. Stakeholder si propone di fornire un'altra significativa scoperta di una fonte d'oro nel White Gold District, continuando la ricca storia della regione nell'esplorazione e scoperta dell'oro.

Stakeholder Gold Corp. (TSXV: SRC) celebra el Día del Descubrimiento de Oro de Klondike en el Territorio de Yukon, Canadá. Esta festividad conmemora el descubrimiento de oro de 1896 que desencadenó la Fiebre del Oro de Yukon. Stakeholder posee el 100% de un reclamo de 18,741 hectáreas en el Distrito White Gold, centrado alrededor del Ballarat Creek, un productor prolífico de oro aluvial.

El objetivo de exploración Skye Zone de la compañía, ubicado al este del Ballarat Creek, ha revelado dos tendencias distintas de oro en el suelo de 1.9 km y 1.3 km. Estos hallazgos son el enfoque de la temporada de exploración 2024. Stakeholder aspira a proporcionar otro significativo descubrimiento de fuente de oro en el Distrito White Gold, construyendo sobre la rica historia de exploración y descubrimiento de oro de la región.

Stakeholder Gold Corp. (TSXV: SRC)는 캐나다 유콘 준주에서 클론다이크 골드 발견의 날을 기념합니다. 이 축제는 1896년에 발견된 금이 유콘 골드 러시를 촉발한 것을 기념합니다. Stakeholder화이트 골드 디스트릭트에 위치한 18,741 헥타르의 탐사권을 100% 소유하고 있으며, 이 지역은 발라라트 크리크 주변에 위치하고 있습니다. 발라라트 크리크는 생산성이 높은 금 채굴 지역입니다.

회사의 탐사 목표인 스카이 존은 발라라트 크리크 동쪽에 위치하고 있으며, 1.9km와 1.3km의 두 가지 뚜렷한 금토 양상을 드러냈습니다. 이 발견들은 2024년 탐사 시즌의 중심이 될 것입니다. Stakeholder는 화이트 골드 디스트릭트에서 또 다른 중요한 금원 발견을 목표로 하여, 이 지역의 풍부한 금 탐사 및 발견의 역사를 이어갈 계획입니다.

Stakeholder Gold Corp. (TSXV: SRC) célèbre le Jour de la Découverte de l'Or de Klondike dans le Territoire du Yukon, au Canada. Cette fête commémore la découverte de l'or en 1896 qui a déclenché la Ruée vers l'Or du Yukon. Stakeholder détient 100 % d'une concession de 18 741 hectares dans le White Gold District, centrée autour du Ballarat Creek, un producteur d'or alluvial prolifique.

L'objectif d'exploration de l'entreprise, la Zone Skye, située à l'est du Ballarat Creek, a révélé deux tendances distinctes d'or dans le sol de 1,9 km et 1,3 km. Ces découvertes sont l'objet de la saison d'exploration 2024. Stakeholder vise à réaliser une autre découverte importante de source d'or dans le White Gold District, s'appuyant sur la riche histoire d'exploration et de découverte de l'or dans la région.

Stakeholder Gold Corp. (TSXV: SRC) feiert den Klondike Gold Discovery Day im Territorium Yukon, Kanada. Dieser Feiertag erinnert an die Goldentdeckung von 1896, die den Yukon Goldrausch auslöste. Stakeholder hält 100% des Rechts an einem 18.741 Hektar großen Gebiet im White Gold District, das sich um den Ballarat Creek gruppiert, einen ergiebigen Goldproduzenten.

Das Explorationsziel Skye Zone des Unternehmens, das sich östlich des Ballarat Creek befindet, hat zwei deutlich erkennbare Goldvorkommen im Boden von 1,9 km und 1,3 km ergeben. Diese Funde stehen im Mittelpunkt der Explorationssaison 2024. Stakeholder hat sich zum Ziel gesetzt, eine weitere bedeutende Goldquelle im White Gold District zu entdecken und auf die reiche Geschichte der Goldexploration und -entdeckung in der Region aufzubauen.

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Toronto, Ontario--(Newsfile Corp. - August 19, 2024) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to celebrate Klondike Gold Discovery Day in the Yukon Territory, Canada. Klondike Gold Discovery Day has been a statutory holiday in the Yukon Territory since 1911. Discovery Day falls on the third Monday of August.

Imagine discovering something so valuable that 100,000 people flock to the site of your discovery. This is the true tale of the Yukon Gold Rush. Shaaw Tláa (Kate Carmack), her husband, George Carmack, the son of an American forty-niner, and his partners and brothers-in-law, Skookum Jim Mason and Tagish Charlie (both of whom were Tagish Khwáan First Nations) found gold on Rabbit Creek (now Bonanza Creek) on August 16th, 1896. The next day, they staked claims along the creek. When the prospectors reached Alaska to sell their gold in July of 1897, the news sparked one of the world's greatest gold rushes. Yukon was made into a Territory of Canada the following year (June 1898).

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Klondiker on White Pass Trail ca. 1898

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As the news spread, hundreds of thousands of stampeders soon followed. Dawson City boomed as its population exploded and over a million pounds of gold passed through it. Fortunes were made and lost in the "Paris of the North."

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Prospectors buying miner's licences, Victoria, BC, 21 Feb. 1898. (courtesy British Library)

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The Yukon Order of Pioneers, a fraternity of prospectors, encouraged the territorial council in 1911 to establish the holiday. The holiday originally fell on August 17th but is now on the third Monday of the month.

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Klondike Gold Rush ca.1899, History Collection

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21st Century Gold Source Discoveries

The 21st Century has witnessed a new gold rush in the Klondike, as the hard rock sources of the Klondike's widespread placer gold occurrences are now being discovered. The new lode gold source discoveries will soon exceed in size the estimated 16+ million ounces of placer gold reportedly recovered by placer miners from river and creek beds within the Klondike Gold Fields(1). Systematic exploration and modern technologies are now changing the game. Creeks with placer gold are found proximal to gold sources (usually much larger rock hosted gold deposits). The successful search for these much larger gold 'source' deposits is now creating the new 21st Century gold rush in the Yukon's White Gold District.

Since 2008, the pace of discovery has been rapid. The first major hard rock gold discovery was made in 2009 on Underworld's White Gold property. By January 2010, Underworld had delineated the Golden Saddle deposit, with an indicated resource of 1,004,750 ounces of gold grading 3.2 g/t plus an inferred resource of 407,413 ounces of gold grading 2.5 g/t(2). In March 2010, Kinross Gold purchased Underworld for $139 million. In June 2017, the property was acquired by White Gold Corp. who have commenced aggressive exploration of the property. White Gold has subsequently announced significant new discoveries on the White Gold property, on the nearby JP Ross property and on their Betty property, adjoining Newmont's Coffee project.

In 2009, Kaminak Gold acquired the Coffee Gold Project and exploration trenching across significant gold anomalies returned encouraging results. During follow up drilling in 2010, one of the initial 28 drill holes reported an intercept of 17 g/t Au over 15.5 m(3). In September 2015 Kaminak announced an initial resource for the Coffee Gold Project and on May 26, 2016, Goldcorp made an offer to acquire all the shares of Kaminak for total consideration of approximately $520 million. Goldcorp later announced a proven and probable resource of 1.67 million ounces of gold at 1.4 g/t Au and an additional 0.74 million ounces Measured & Indicated at 0.96 g/t Au and 0.94 million ounces Inferred at 0.94 g/t Au on Coffee, before later being acquired by Newmont(4).

Late in 2012, Comstock Metals announced a significant new gold discovery on its QV Project, located just north of the Kinross White Gold property. Subsequent drilling intersected a broad gold-bearing zone highlighted by hole QV12-004 that intersected 89.85 m of 2.34 g/t Au and 45.5 m of 3.04 g/t Au on the VG Zone (5). The QV Project was acquired by White Gold Corp. in 2019 and an updated Inferred resource of 287,100 ounces at 1.51 g/t Au was announced for the VG Zone in 2021(6).

The White Gold District is one of the largest gold area plays in Western Canada. Industry observers are optimistic that additional hard rock gold deposits await discovery.

Stakeholder Ballarat Property

Stakeholder Gold Corp. holds 100% ownership of an 18,741-hectare contiguous claim position in the center of the White Gold District. The Company first secured these claims surrounding Ballarat Creek during the staking rush initiated by visionary prospector Shawn Ryan in 2006. Additions to the Company's consolidated ground position were made in 2016 and 2023. Ballarat Creek has been one of the most prolific placer gold producers in the White Gold District and Stakeholder has secured claims around Ballarat Creek with a view to covering the lode gold source deposit(s) which provide the gold found in Ballarat Creek.

Today, the Stakeholder ground position covers the full drainage basin surrounding Ballarat Creek and the Company believes it has identified the lode gold source(s) for the placer gold which has been found in abundance in Ballarat Creek. The Company's 'Skye Zone' exploration target lies east of Ballarat Creek, elevated above, and within the drainage basin leading to Ballarat Creek. In October of 2023 Stakeholder announced the discovery of two distinct, subparallel, gold in soil trends of 1.9 km and 1.3 km respectively on the Skye Zone. The second subparallel gold trend remains open and untested to the SW. These strike extensive gold in soil anomalies are now the focus of follow up exploration efforts in the 2024 exploration season.

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Figure 1: Ballarat Claim Outline Covering Full Drainage Basin for Ballarat Creek

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"Today, with Yukoners, we celebrate Klondike Gold Discovery Day, and the pioneering traditions which continue to make Canada the greatest frontier for exploration and discovery. Good fortune follows hard work and tenacity, traits which were evidenced in abundance throughout the early history of the Klondike." Stated Christopher Berlet, CEO of Stakeholder.

"Our company's objective is to deliver another economically significant gold source discovery in the center of the prolific White Gold District of the Yukon Territory, and our 2024 summer exploration initiatives on the Skye Zone exploration target are designed to deliver on this prospect."

Stakeholder's claims are located in the relative center of the White Gold District (Figure 2), north and northeast of Newmont's (NYSE: NEM) Coffee Gold Project, due north of Western Copper and Gold Corporation's (TSX: WRN) Casino Project and west, south, and east of White Gold's (TSX: WGO) regional exploration initiatives.

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Figure 2: Ballarat Property White Gold District, Relative Center

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(1) Yukon Placer Creek Production Table 1978 - 2022. Available from Yukon Department of Energy, Mines, and Resources.
(2) SRK, (2010) White Gold Dawson Range Yukon, Canada. NI43-101 Technical report Prepared for Underworld Resources Inc. Available on SEDAR.
(3) Finnigan, C. (2011) Coffee Property 2010 Assessment Report. Yukon Assessment Report 095302.
(4) Goldcorp 2018 Mineral Reserve and Resource Statement dated Oct. 24, 2018.
(5) Comstock Metals Ltd. News Release dated Oct. 22, 2010. Available on SEDAR
(6) Arseneau, G. (2021). Technical Report on the QV Project for White Gold Corp. Available on SEDAR.

Jodie Gibson, M.Sc., P.Geo. is the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the technical contents of this press release.

For further information please contact:

Stakeholder Gold Corporation
416 525-6869
cberlet@stakeholdergold.com

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220194

FAQ

What is Klondike Gold Discovery Day and when is it celebrated?

Klondike Gold Discovery Day is a statutory holiday in Yukon Territory, Canada, celebrated on the third Monday of August. It commemorates the 1896 gold discovery that sparked the Yukon Gold Rush.

What is Stakeholder Gold Corp's (SKHRF) main asset in the Yukon?

Stakeholder Gold Corp holds 100% ownership of an 18,741-hectare contiguous claim position in the center of the White Gold District, surrounding Ballarat Creek, which has been one of the most prolific placer gold producers in the area.

What recent discoveries has Stakeholder Gold Corp (SKHRF) made on its Yukon property?

In October 2023, Stakeholder Gold Corp announced the discovery of two distinct, subparallel gold in soil trends of 1.9 km and 1.3 km respectively on the Skye Zone exploration target, east of Ballarat Creek.

What are Stakeholder Gold Corp's (SKHRF) plans for the 2024 exploration season?

Stakeholder Gold Corp plans to focus its 2024 exploration efforts on the Skye Zone, following up on the recently discovered gold in soil trends, with the aim of delivering another economically significant gold source discovery in the White Gold District.

STAKEHOLDER GOLD CORP

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