Browse Author: Stakeholder Admin

September 19, 2014. Stakeholder Gold Corp. Announces AGM Results

Stakeholder Gold Corp. Announces AGM Results
TORONTO, ONTARIO – (Sep 19, 2014) – Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) announces results from its Annual & Special Shareholder Meeting (the “Shareholder Meeting”) held on September 18, 2014.

The shareholder resolutions including the nomination of directors, appointment of the auditor, proposal of a 10% rolling stock option plan and the proposal of By-law No. 2 from the Company’s Shareholder Meeting were approved by the shareholders of Stakeholder. Further details on the resolutions can be found on SEDAR. At the Shareholder Meeting, shareholders approved of By-law No. 2, a by-law relating to the nomination of directors (the “Advance Notice By-law”).
The purpose of the Advance Notice By-law is to provide shareholders, directors and management of Stakeholder with a clear framework for nominating directors. The full text of the Advance Notice By-law is available on SEDAR. About Stakeholder Gold Corporation Stakeholder Gold Corp. is a Canadian mineral exploration company headquartered in Toronto, Ontario, Canada with the flagship property in Nova Scotia, Canada. The primary focus of Stakeholder is developing the Bass River Iron Oxide Copper Gold (IOCG) project which the company has optioned, located on the Cobequid-Chedabucto Fault Zone (CCFZ) in central Nova Scotia, Canada.
The property is host to >100 mineral occurrences and small deposits of Iron-Oxide, Copper, Cobalt, Gold, Nickel and Barite, the CCFZ has only recently been recognized as a potential host for these deposit types. 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.
For more information, please contact : 
Christopher J. Berlet, CFA
President & CEO
Stakeholder Gold Corp.
416 525-6869
manager@mineralprices.com
 Investor Relations
Gary Lindsey
gary@strata-star.com
720 273–6224

September 4, 2014. Exploration Update

Stakeholder Defines Surface Copper Values up to 683ppm and Extends Copper Anomaly Strike Length to 1.5km at Bass River

TORONTO, ONTARIO – (Sep 04, 2014) – Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to report on recent progress for the Bass River Exploration Project in Nova Scotia.

Initial work has focused on two specific, high priority geophysical targets which were delineated by ground and airborne surveys. These targets include the extensive gravity anomaly NS23, and a large cluster of Versatile Time Domain Electromagnetic (VTEM) anomalies defined along a corridor extending north east from NS23. The VTEM anomalies are referred to collectively as VT-BR-05. To date approximately 2,100 soil samples have been collected on grids covering each of these two independent geophysical targets.

At the NS23 gravity target, preliminary soil results have outlined a “B” zone soil copper anomaly extending approximately 1,500 meters in strike length. The copper anomaly is still open to the west and further investigative work is currently in progress. Both the northern and southern boundaries of this feature appear sharp and may be structurally related. LiDAR imagery further indicates that the copper anomaly lies on a linear structure which is parallel to the axis of the NS23 gravity anomaly. Copper concentrations up to 683ppm Cu have been returned. The copper anomaly is underlain by a sequence of mafic tuffs, metasediments, chert and felsic tuffs. Gravity high anomaly NS23 was previously identified as a high priority target by Minotaur Exploration Limited (Australia) who proposed 2 drill holes into the body to test for IOCG style mineralization. This recent detection of extensive copper in soils further corroborates the IOCG model and potential of this structure.

On the north flank of NS23 is the cluster of VTEM anomalies collectively called VT-BR-05. Prospecting, geological mapping and soil geochemistry has been successful in outlining extensive lead and zinc concentrations in “B” horizon soils. These anomalies are almost coincident, trending in a northerly direction, overlying and extending both north and south from the modeled VTEM targets. Lead and zinc concentrations in soils of up to 1,370 ppm and 643 ppm respectively have returned from samples taken in this anomalous area. Prospecting has also uncovered scattered lead and zinc mineralization associated with structurally controlled pyrite and pyrrhotite in bedrock which is adjacent to VTEM target VT-BR-05. Initial sampling of mineralization discovered within the geochemical anomaly returned 2.28% combined Pb+Zn. The target area is underlain by rhyolites, sheared metasediments and felsic tuffs. Two kilometers north along strike of this location, a sulphide rich sericitic porphyry has been located. Assays are pending.

Due to positive soil geochemistry detected in samples taken over VTEM target VT-BR-05, an additional airborne survey is now being scheduled to define the northern extent of the anomalies. The soil sampling grid is also being expanded in order to further define the extent of these anomalies. As part of the ongoing exploration on these targets, approximately 10km of ground geophysics (Pulse Electro-Magnetic surveys) will be carried out to refine the VTEM / geochemical targets prior to drilling.

The exploration program is being managed by Cogonov Inc. with oversight provided by their Technical Advisory Committee comprised of Dr. Tony Belperio (Minotaur Exploration Limited (Australia)), Dr. Murray Hitzman (Colorado School of Mines) and Dr. Clifford Stanley (Acadia University).

Samples from the exploration program were delivered to the AGAT Laboratories office in Dartmouth Nova Scotia, and then transported to their facility in Mississauga for analysis. Samples were analyzed using an aqua regia digestion with inductively-coupled plasma mass spectrometry (ICP-MS) finish.

Mr. Gary H. Lohman, B.Sc., P.Geo., and a Qualified Person under NI 43-101, has reviewed and approved the technical portions of this news release.

About Stakeholder Gold Corporation

Stakeholder Gold Corp.
is a Canadian mineral exploration company headquartered in Toronto, Ontario, Canada with the flagship property in Nova Scotia, Canada. The primary focus of Stakeholder is developing the Bass River Iron Oxide Copper Gold (IOCG) project which the company has optioned, located on the Cobequid-Chedabucto Fault Zone (CCFZ) in central Nova Scotia, Canada. The property is host to >100 mineral occurrences and small deposits of Iron-Oxide, Copper, Cobalt, Gold, Nickel and Barite, the CCFZ has only recently been recognized as a potential host for these deposit types. 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.

For more information, please contact :
Christopher J. Berlet, CFA
President & CEO
Stakeholder Gold Corp.
416 525-6869
manager@mineralprices.com

August 28, 2014. Stakeholder Amends 70% Option Agreement for Bass River

TORONTO, ONTARIO – (Aug 28, 2014) – Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce that it has signed an amendment to its option agreement with Cogonov Inc. on the Bass River IOCG exploration project (the “Bass River Project”). The amendment was first referenced in a press release dated May 15, 2014, and increases Stakeholder’s right to earn an interest in the Bass River Project from 51% to 70%.

 

On January 22, 2014 and March 31, 2014, Stakeholder announced that it had secured the right to earn a 51% interest in the Bass River Project by making certain expenditures and work commitments. Stakeholder can expand its interest in the project to 70%, after earning its initial 51%, by spending a further $4M on Project exploration over 24 months, by making a cash payment of $1M to Cogonov Inc. within 6 months of earning the 51% interest, and by making share payments totaling 2,000,000 common shares of Stakeholder. The common shares are issued in tranches of 500,000 common shares, beginning on signing and issued at the next three annual anniversaries thereof.

 

This amendment to the option agreement, and the share issuances, are subject to TSX Venture Exchange approval.

 

 

For more information, please contact

 

Christopher J. Berlet, CFA

President & CEO

Stakeholder Gold Corporation

416 525-6869

manager@mineralprices.com

July 11, 2014. Stakeholder Gold Corp. Closes Private Placement and Receives Drilling Quotes

TORONTO, ONTARIO – (July 11, 2014) – Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX VENTURE: SRC) is pleased to announce closing of a non-brokered private placement totaling $723,698 dollars. The private placement consists of $469,500 of flow through financing (issuance of 1,878,000 units priced at $0.25 with a two year half warrant priced at $0.35) and $254,198 of hard dollar financing (issuance of 1,270,990 units priced at $0.20 with a two year half warrant priced at $0.30) for total gross proceeds of $723,698 dollars.
Two Company directors subscribed for a total of $300,000 dollars (or 41%) of the funds raised, constituting 1,200,000 flow through units. A commission comprised of $560 and 2,240 two year warrants priced at $0.35 was paid to Wolverton Securities Ltd for a portion of this financing. The private placement is subject to TSX-V and Regulatory approvals.
Geochemical grid work continues over the two largest anomalies detected from gravity and follow up VTEM surveys on the Bass River property near Truro, Nova Scotia. A quote for drilling 5,000 meters of NQ core has been received from Maritime Drilling Limited and averages $75/meter or roughly $375,000 total for the proposed 5,000 meter program. Further quotes are being attained to ensure a cost competitive program. Drilling of the identified IOCG prospects is expected to follow as soon as possible upon completion of the geochemical grids and ground based EM surveys, which will be used to refine drill collar locations.
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.
For more information, please contact :
Christopher J. Berlet, CFA
President & CEO
416 525-6869
Phone: (416) 525 – 6869

June 9, 2014. Financing-Stakeholder Announces Private Placement Terms

Toronto, Ontario – Jun 9, 2014 – Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce it plans to complete a private placement financing to further exploration on the Bass River IOCG exploration project. The private placement financing will consist of 5M units at $0.20 per unit (the “Units) and 5M flow through units at $0.25 per flow through unit (the “Flow Through Units”). Each Unit will consist of one common share and one half of one common share purchase warrant with each full warrant being exercisable at $0.30 for a period of two years. Each Flow Through Unit will consist of one flow through common share and one half of one warrant with each full warrant being exercisable at $0.35 for a period of two years. The funds will be used to advance the 2014 program on the Bass River IOCG exploration project in Nova Scotia.
The exploration program currently in progress involves collecting soil and rock samples for geochemical analysis to follow up on conductive electromagnetic anomalies first identified during VTEM (Versatile Time Electromagnetic Domain) surveys carried out in 2012. The VTEM surveys of 2012 were themselves undertaken in follow up to gravity surveys undertaken in 2008 and 2009, which identified significant gravity anomalies across the project and along strike of the Cobequid-Chedabucto fault system.
Coincident gravity and conductive VTEM anomalies, in this iron rich and mineralized environment, could represent classic IOCG deposit characteristics. Modelling of the geophysical data has prioritized 5 distinct targets over which geochemical surveys are now being completed, and on which drilling is expected to be undertaken.
Company work initiatives include soil and outcrop sampling on grids covering the largest conductive anomalies. This includes a very large north-east trending electromagnetic anomaly found at depth off of the northern flank of the most extensive gravity outline. This conductive anomaly would be the Company’s primary exploration target of interest, and has been identified extending for over 750 meters of strike length. The anomaly is open to the north east, and the survey ended showing conductivity extending along trend.
Detailed mapping and prospecting in areas of the defined electromagnetic anomalies will compliment soil geochemistry and ground geophysics (Pulse EM.) in delineation of drill targets, and in the selection of drill collar locations.
Geochemical results from samples taken over top of the conductive anomalies will be available and made public by the end of June, or by early July. This will be followed by ground geophysics and then drill testing as soon as possible during August or September of this year (summer 2014).
For more information, please contact :
Chris Berlet, CFA
President & CEO
Stakeholder Gold Corporation
Phone: (416) 525 – 6869

May 15, 2014. Stakeholder Enhances Bass River Terms and Provides Exploration Update

Toronto, Ontario – May 15, 2014 – Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce that it has amended its option agreement with Cogonov Inc., increasing its right to purchase an interest in the Bass River IOCG exploration project in Nova Scotia, Canada from 51% to 70%. The Company is also pleased to report on the planned 2014 exploration program for the Bass River claim group, which is set to commence imminently.
Stakeholder has agreed with Cogonov Inc. for rights to purchase a total of 70% interest in the Bass River project pursuant to completing the work required to qualify for a 51% interest as previously announced on January 22, 2014 and March 31, 2014. If the exploration program is successful, and if Stakeholder wishes to expand interest in the project to 70%, the Company may do so by making a cash payment of $3.5M CAD to Cogonov Inc. within 6 months of completing the 51% earned interest and by making a share payment of 2,000,000 common shares of Stakeholder at a value of $500,000 by December 31, 2014. This modification to the existing earn in agreement allows Stakeholder to increase ownership interest in the property to a total of 70% pursuant to completion of the 51% earn in. The amendment to the option agreement and the share issuance is subject to TSX Venture Exchange approval.
The summer 2014 exploration program on the Bass River IOCG exploration project will follow up on airborne VTEM (Versatile Time Domain Electromagnetic) anomalies first identified and delineated by Cogonov Inc. in 2012. Subsequent modeling of the geophysical data, performed by Minotaur Exploration Limited (Australia), has prioritized 5 distinct target areas. Recommendations now include soil and outcrop sampling and drill testing. Detailed mapping and prospecting in areas of the defined VTEM anomalies will be completed first. This will be complimented by soil geochemistry and ground geophysics (Pulse EM.). Upon receipt of the ground geophysical data, Minotaur will conduct additional processing, including three dimensional and inversion modeling, to select locations for drill collars.
Ground exploration will be conducted on gravity anomalies found along the Cobequid Chedabucto Fault Zone that were initially delineated by Minotaur. These targets are located along the Bass River magnetic linear, and consist of magnetite-sulphide-breccia bodies which locally contain copper mineralization. These are high priority targets for magnetite breccia style mineralization.
The Company expects to begin exploration in the next few weeks. Ground geophysics for drill target definition will follow receipt of geological and geochemical data.
The program is being managed by Cogonov Inc. with oversight provided by their Technical Advisory Committee comprised of Dr. Tony Belperio (Minotaur Exploration Limited (Australia)), Dr. Murray Hitzman (Colorado School of Mines) and Dr. Clifford Stanley (Acadia University).
For more information, please contact :
Chris Berlet, CFA
President & CEO
416 525-6869
Email: manager@mineralprices.com

April 8, 2014. Stakeholder Signs Letter of Intent on Second IOCG Target Property in Nova Scotia

Toronto, Ontario – April 8, 2014 – Stakeholder Gold Corp. (TSXV: SRC) (“Stakeholder” or the “Company”) is pleased to report that the Company has entered into a Letter of Intent (the “LOI”) with Cogonov Inc. (“Cogonov”) for Stakeholder to secure the right to earn a 51% interest in the Londonderry Iron-Oxide-Copper-Gold (IOCG) project (“Londonderry” or the “Project”) by making certain expenditures and work commitments. The LOI contemplates Stakeholder having a Right of First Refusal (“ROFR”) over the remaining 49% interest in the Project.

“Londonderry is the second high priority IOCG target property identified by Minotaur on the Cobequid Chedabucto Fault Zone in Nova Scotia. Chalcopyrite, iron oxides, barite and a suite of other indicator minerals are suggestive of IOCG potential. Significant gravity anomalies detected in earlier survey work provide targets for drill testing. We are excited about setting out to test these advanced exploration targets for economic deposit potential,” said Chris Berlet, CEO of Stakeholder.

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:
Chris Berlet, CFA
President & CEO
416 525-6869
Email: manager@mineralprices.com

March 27, 2014. Stakeholder Finalizes Option Over Bass River IOCG Project In Nova Scotia, Canada

Toronto, Ontario – March 27, 2014. – Stakeholder Gold Corp. (TSX-V: SRC) (“Stakeholder” or the “Company”) is pleased to report that the Company has received approval from the TSX Venture Exchange for the property option agreement (the “Agreement”) with Cogonov Inc. Under the terms of the Agreement, Stakeholder can earn a 51% interest in the Bass River Iron-Oxide-Copper-Gold (IOCG) project as previously detailed in the press release dated January 22, 2014. The Agreement gives Stakeholder a right of first refusal over the remaining 49% interest in the project.

Under the terms of the Agreement, the Company has issued 1,000,000 common shares to Cogonov Inc. The shares will have a hold period ending July 27, 2014.

“Bass River has distinctive gravity and coincident VTEM anomalies detected in earlier survey work. The larger of two gravity anomalies is 9km in strike length and 2km wide. The structural setting and mineralogy is conducive to IOCG deposition, and we are excited to be moving forward on these high priority exploration targets,” stated Chris Berlet, President and CEO.

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.

For more information, please contact
Chris Berlet, CFA
President & CEO
416 867-1300
Email: manager@mineralprices.com

March 7, 2014. Stakeholder Gold Corp. Closes $700,000 Private Placement

TORONTO, ONTARIO March 7, 2014. – Stakeholder Gold Corp. (the “Company”) (TSX VENTURE: SRC) is pleased to announce the closing of a non-brokered private placement of $700,000 through the issuance of 14,000,000 common shares at 5 cents per share. All common shares issued will be subject to a four-month hold period ending July 6, 2014.

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.
Chris Carmichael CFO
(647) 352-4900

March 4, 2014. Stakeholder Gold Corp. Announces Increase in Private Placement to $700,000

TORONTO, ONTARIO March 4, 2014. – Stakeholder Gold Corp. (TSXV: SRC) (“Stakeholder” or the “Company”) is pleased to announce the Company plans to increase its non-brokered private placement from $580,000 as announced on January 31, 2014 to $700,000 through the issuance of up to 14,000,000 common shares (“Shares”) at $0.05 per Share.

The increase in the financing is subject to final approval from the TSX Venture Exchange. All common shares issued will be subject to a four-month hold period. The proceeds of the financing will be used to fund the Company’s ongoing exploration programs and for general working capital.

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
Chris Berlet, CFA
President & CEO
416 525-6869
Email: manager@mineralprices.com