Stakeholder Gold Commissions a Third Quarry in Brazil

4th December 2024

Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC, SKHRF) is pleased to announce startup of operations at the Company’s third quarry in Minas Gerais, Brazil. The quarry will produce white quartzite blocks for cutting and polishing into saleable slabs. The Company plans to sell both freshly cut blocks and finished slabs to overseas clients.

“This quarry will produce a highly desirable white quartzite. Production can be ramped up quickly given the quarry’s topographic relief and resource size. This quartzite is very hard and exceptionally white displaying an attractive veining.” Said Marcus Chase, President of Mineração VMC Ltda., Stakeholder’s Brazilian subsidiary.

“Our clients have expressed considerable interest in purchasing this material, so we expect to be scaling production rapidly to meet a new demand.  We anticipate starting production for this quarry at a rate of 250m3/month.”

Figure 1. Quarry Locations in Minas Gerais, Brazil

Environmental licenses for the project were issued in 2023 and a license application for commercial production was made to the Agencia Nacional de Mineração (ANM) on the 6th  of November, 2024. A full commercial license is expected to be granted within 60 business days of the application. The first test block is being produced at the quarry site now and will be cut and polished for clients to review by mid-December.

Work that is required to be completed on site before full commercial operations can begin includes: running electricity lines to the worksite, installing water tanks, installing internet and security systems, completing access road construction and undertaking work face preparation.

Figure 2. White Quartzite Material

“Selling 30m3 of material in a month is our estimated breakeven rate for operating a quarry in Brazil. During October the first quarry sold approximately 130m3 of our blue quartzite material. Our expected return to profitability in Q4 has been accompanied by the opening of two new quarries, bringing us to a total of three operating quarries at the end of 2024. We are now anticipating a very strong start for 2025.” Stated Christopher Berlet, CEO of Stakeholder.

“The cashflow from our quartzite business in Brazil allows us to pursue minimally dilutive exploration initiatives on the company’s premier gold and copper exploration terrain located in the Heart of the White Gold District of the Yukon Territory, Canada. This business combination was established with a view to pursuing maximum prospective share price performance for company shareholders with the successful advancement of our exploration initiatives.”

Progress at VMC quarry #2One of the 4 test blocks produced at VMC’s quarry #2 was cut on the 12th of November and is now being polished for marketing purposes.

VMC sales in October of 2024 hit a new high for the year at USD $200k. The Company believes that this is indicative of an increasingly strong market for Brazilian dimensional stone.

 

Christopher Berlet BSc (Mining), CFA, CEO & Director of Stakeholder Gold Corp. is responsible for the content 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.

NEITHER 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.

Stakeholder Gold Provides Ballarat 2024 Exploration Update

12th of November 2024

Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce results and interpretation for the 2024 exploration program undertaken on the Company’s 100% owned Ballarat Gold Project which covers 18,741 Ha in the Heart of the White Gold District of the Yukon Territory, Canada.

The 2024 summer exploration program on Ballarat was designed to provide further information on gold and copper anomalies first identified in 2016, and then subsequently confirmed with more extensive testing during the 2023 exploration season. Highlights of the 2024 program include:

  • Skye Gold Zone: Identification of key structural controls associated with the 1.9 km and 1.3 km gold in soil trends. The two subparallel gold in soil trends defining the Skye Gold Zone extend west-southwest off of the route proposed for the Northern Gateway Road, where the road traverses the northern section of the Company’s claim holdings.
  • Loki Copper Zone: Identification of a 2.3 km x 530 m zone of anomalous copper in soils associated with a WNW trending Jurassic aged intrusive unit. The associated intrusive unit is assigned to the Minto suite and indicates the potential for mineralization similar to the Minto Cu-Ag-Au mine which is found ~92 km SE of the Ballarat Property. The Loki Copper Zone is located east of Ballarat Creek within the southeast sector of the Company’s contiguous claim holdings, and approximately 1 km east of the route proposed for the Northern Gateway Road where it traverses the southern section of the Company’s claim holdings.
  • Identification of multiple further potential target areas based on soil geochemistry and/or structural settings within previously un/under explored portions of the property.

2024 Exploration Program

The 2024 Ballarat exploration program was comprised of  ground-based VLF surveys on the Skye Gold Zone, grid soil sampling on the Loki Copper Zone and a property wide drone magnetic survey. Results of the work programs are discussed in more detail here:

Property Wide Drone Magnetic Survey

The Company completed a property scale drone magnetic survey to aid in geologic and structural interpretation. The survey was conducted using the MagPlane deployed by Overhead Intelligence Corp. with work overseen by GroundTruth Exploration Inc. The MagPlane, is a fast unmanned magnetometry system with a maximum velocity >80km/hr that integrates a boom-mounted magnetometer with an advanced laser altimeter. A total of 2,008 line-km were flown over 100 m spaced lines (N-S) and 1,000 m spaced tie lines (E-W) covering greater than 90% of the project area.

The magnetic survey highlighted multiple previously unknown structures. Of particular importance are a series of E-W and NE trending faults in the central portion of the property interpreted at 2nd to 3rd order structures between the regional scale Thistle Creek and Ballarat Creek faults. These interpreted faults correlate with known gold in soil anomalies on the property and are likely primary controls to gold mineralization in the area. This structural setting is very similar, and related, to known zones of gold mineralization on the White Gold Property, including the Golden Saddle deposit, located 30 km to the northwest.

Figure 1: Drone magnetic survey of the Ballarat Property showing 1VD magnetics and structural interpretation.

Skye Gold Zone

The Skye Gold Zone is located in the central portion of the Ballarat Property and consists of two, NE-SW trending, sub parallel gold in soil anomalies extending approximately 1.9 km and 1.3 km respectively. The two sub parallel gold in soil anomalies are detected in association with locally established indicator minerals Mo, Pb, and/or Te. The anomalous gold in soils are hosted within sericite altered quartz-feldspar gneiss with quartz veining and disseminated to vein-controlled pyrite mineralization. These gold in soil anomalies, and particularly clusters of >50 ppb gold along them, are associated with a series of E-W and NE oriented structures which have been highlighted with the 2024 drone magnetic survey. The intersections of the two structural sets appear to be key locations for alteration and mineralization and provide at least three priority areas for drilling across the Skye Zone. Nine ground-based VLF survey lines were completed over these three priority target areas in 2024. The VLF survey data is currently being processed and will aid in refining the targets for follow-up work which will include drill testing.

Figure 2: Gold in soils on the Skye Zone with structural interpretation.

Loki Copper Zone

The Loki Copper Zone is located 7 km SE of the Skye Zone and is an emerging copper target discovered during ridge and spur soil sampling in 2023. Exploration in 2024 consisted of a grid soil sampling survey and included 1,663 samples collected on 100 m spaced lines with 50 m sample intervals targeting ‘C’ horizon material. The sampling returned individual results ranging from 6.3 to 1,867 ppm Cu and highlight a significant WNW trending zone of  >100 ppm Cu in soils over an area of 2.3 km x 530 m which is coincident with weakly elevated silver and an elongated magnetic high outlined in the drone imagery. Based on regional mapping, the copper in soil anomaly covers an intrusive unit assigned to the Upper Triassic to Lower Jurassic Minto Intrusive Suite. This suite includes a separate large intrusion(s) which hosts mineralization in the Minto Cu-Ag-Au mine located approximately 92 km to the southeast of the Ballarat Property and may indicate the potential for similar mineralization in the Loki target area.

Figure 3: Copper in soils on the Loki zone with regional geology.

Further Targets

A series of smaller gold in soil anomalies (up to 200 ppb Au) 2 km east of the Skye Zone now appear to be associated with the same structural controls as the Skye Zone and warrant additional follow up work (1). In addition, potential structures were also noted to extend through the previously explored NW and East zones and reassessment of data from these areas is also now ongoing as a result of the new structural information.

  • See the Company's news release dated Oct. 20th, 2023. Available on SEDAR.

“The defining characteristic most pleasing to management that results from the 2024 exploration work season is size. This is the case for both the Skye Gold Zone and, separately, for the Loki Copper Zone. It is evident to us that we have meaningful discovery potential for both gold and copper on company claims in the Heart of the White Gold District.” Stated Christopher Berlet, President & CEO of Stakeholder.

“We have progressed exploration work on the Ballarat Property systematically over several exploration seasons and have now been rewarded with evidence of at least two extensive mineralized targets, each of which are located within a short distance of the proposed route for the Norther Gateway Road on company claims. The Ballarat Property itself is located proximal to some of the largest commercial extractive development projects in the Yukon Territory and Stakeholder company claims now show evidence of supporting further large prospective discovery targets for both gold and, resulting from the 2024 exploration work program, for copper.”

“Our intention is to begin drilling on the Skye Gold Zone and, separately, the Loki Copper Zone as soon as possible in early 2025, and to carry on with the exploration work which has now identified yet further targets of merit on company claims.”

Figure 4: Ballarat Property target areas with gold in soils.

Ballarat Property

The Company’s 100% owned, 18,741-hectare, contiguous claim position covers key ground features in the center of the rapidly evolving White Gold Mining & Exploration District. Stakeholder’s claims are located in the relative center of the White Gold District, 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.

Figure 5: Ballarat Property regional location.

QAQC and QP Statement

The analytical work for the 2024 program was performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at the company’s Whitehorse, Yukon facility. All soil samples were prepared using procedure SS80 (dry at 60 C and sieve 100g at -80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standards, blanks, and field duplicates into the sample stream.

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 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.

Stakeholder Celebrates Klondike Gold Discovery Day

19th of August 2024

Stakeholder Celebrates Klondike Gold Discovery Day

Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) 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).

Klondiker on White Pass Trail ca. 1898

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.”

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

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.

Klondike Gold Rush ca.1899, History Collection

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.

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

“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.

Figure 2: Ballarat Property White Gold District, Relative Center

 

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

Stakeholder Gold Announces Ballarat Exploration Program

18th of July 2024

SRC Announces 2024 Exploration on Ballarat Gold Project, Yukon

Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce commencement of the 2024 exploration program on the Company’s 100% owned Ballarat Gold Project covering 18,741 Ha in the Heart of the White Gold District of the Yukon Territory, Canada.

The 2024 summer exploration program on Ballarat is designed to provide further information on gold and copper anomalies first identified in 2016 and then subsequently confirmed with more extensive testing during the 2023 exploration season. Highlights of the 2023 program include (1):

  • Identification of two distinct, subparallel, anomalous gold in soil trends of 1.9 km and 1.3 km on the Skye Zone. The Skye Zone extends west-southwest off of the route proposed for the Northern Gateway Road where the road traverses the northern section of the Company’s claim holdings.
  • Detection of multiple further spot gold anomalies associated with ridge and spur samples. These newly identified gold in soil and ridge and spur anomalies, which now warrant follow up grid sampling, are located west and east of Ballarat Creek in areas several km south of the Sky Zone also proximal to the route proposed for the Northern Gateway Road.
  • Identification of a 500 m wide zone of anomalous copper ridge and spur samples associated with a Jurassic aged intrusive unit; now called the Loki Zone. Regional mapping indicates that this unit has surface dimensions of approximately1,000 m by 300 m and is located east of Ballarat Creek within the southeast sector of the Company’s contiguous claim holdings, and approximately 1 km east of the route proposed for the Northern Gateway Road where it traverses the southern section of the Company’s claim holdings.

(1) See the Company’s News Release dated Oct. 18, 2023. Available on SEDAR.

“Our objective in 2024 is to confirm the significant potential of both the Skye Zone gold target and the Loki Zone copper target on the Company’s 100% owned 18,741-hectare Ballarat Project located in the Heart of the White Gold District.” Stated Christopher Berlet, CEO of Stakeholder.

“Of note, is that both targets are located only a few hundred meters, west and east respectively, from the proposed route for the Northern Gateway Road which traces for more than 17 km north-south through the center of company claims. This proximity may portend significant logistical advantages as we develop project assets along the value chain in one of the world’s leading mineral resource development jurisdictions.”

2024 Exploration Program

The 2024 exploration program will include grid soil sampling, ground-based VLF surveys, geological mapping and prospecting, and a drone magnetic survey. The work will focus on the Skye Zone and newly discovered Loki Zone. The work will be conducted by GroundTruth Exploration Inc. from Dawson City, YT and is anticipated to begin in late July 2024.

Skye Zone

Work on the Skye Zone will include high-resolution soil sampling, VLF surveys, and geologic mapping and prospecting across the two NE-SW trending, subparallel, gold in soil anomalies which are up to 1.9 km in length. Previous work in the area indicates that the anomalies are associated with sericite altered quartz-feldspar gneiss hosting quartz veining and disseminated-vein controlled pyrite along an interpreted NE-SW oriented fault zone(s). The soil anomalies are ‘gold only’ with only slightly elevated lead-molybdenum and this geochemical association, along with the style of alteration/mineralization, indicates that these are potentially structurally controlled targets with similarities to the Golden Saddle deposit located approximately 32 km to the northwest.

Loki Zone

Exploration on the Loki Zone will consist of grid soil sampling and geologic mapping and prospecting to define the extents and nature of the copper anomaly. The target lies on the northern margin of a Jurassic aged intrusive unit outlined by regional mapping and may have potential for porphyry style mineralization.

Drone Magnetic Survey

The Company is also planning to fly a property scale drone magnetic survey to aid in geologic and structural interpretation of the Ballarat Property. The survey will be conducted using the MagPlane by Overhead Intelligence & GroundTruth Exploration Inc. The MagPlane, is a fast unmanned magnetometry system with a maximum velocity of over >80km/hr. Magplane integrates a boom-mounted magnetometer with an advanced laser altimeter and maintains communication with base using high bandwidth multipoint radios, satellite links and LTE methods.

Figure 1: Ballarat Property showing areas of planned 2024 exploration

Ballarat Property

The Company’s 100% owned, 18,741-hectare, contiguous claim position covers key ground features in the center of the rapidly evolving White Gold Mining & Exploration District. Stakeholder’s claims are located in the relative center of the White Gold District, 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.

QAQC and QP Statement

The analytical work for the 2024 program will be performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation will be carried out at the company’s Whitehorse, Yukon facility. All soil samples will be prepared using procedure SS80 (dry at 60 C and sieve 100g at -80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). The planned work will be completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standards, blanks, and field duplicates into the sample stream.

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 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.

Stakeholder Gold Announces First New Quarry License

13th of June 2024

SRC Announces First New Quarry License

Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce the receipt of licensing for the Company’s second (2nd) quarry, a White Quartzite Quarry located in Minas Gerais, Brazil near to the Company’s first operating quarry.

On the June 12th the State Forestry Institute of Minas Gerais, Instituto Estadual de Florestas (“IEF”), granted Stakeholder’s Brazilian Subsidiary, Mineração VMC Ltda. (“VMC”), authorization to clear the new project area for commercial production. VMC has now commenced building quarry infrastructure on site for the Company’s second operating quarry.

A sample block is being produced for marketing purposes. Full commercial operations will begin once the Regional State Environmental Agency, Superintendência Regional de Meio Ambiente, (“SUPRAM”) grants the environmental license, which is now pending.

“White quartzite from Diamantina and the surrounding region is in strong demand. Many buyers have had difficulty sourcing white quartzite for their cutting and polishing operations. We believe that our new white quartzite quarry will find a ready market with steady demand, and that it will provide healthy margins and steady operating profits for the company.” Said Marcus Chase, president of VMC.

Figure 1 – White Quartzite produced from test block, VMC Quarry # 2

Four (4) New Quarries Planned for 2024

Licensing for VMC’s third (3rd) quartzite quarry is also nearly complete. The application for an environmental license has received an initial response from SUPRAM. The area under consideration has already been issued a license by the federal mining agency, the Agencia Nacional de Mineração (“ANM”), and so VMC will be able to begin commercial operations immediately upon receipt of an environmental license. The Company expects to be able to report progress on this licensing application shortly.

Figure 2 – Blue-Grey Quartzite produced from test block, VMC Quarry # 3

“The blue quartzite produced from the company’s proposed third quarry, has excellent esthetic and physical characteristics. The test block has an attractive mix of blue and white, and the material cuts and polishes easily. These characteristics will appeal to our clients.”

VMC’s second (2nd) and third (3rd) quarries (Figures # 1&2 above) are both located within a 2km radius of the Company’s current operating quarry. The Company expects to benefit from synergies resulting from access to existing personnel and equipment.

VMC’s planned fourth and fifth (4th and 5th) quarries are also currently in pursuit of licensing. The materials for these proposed quarries have never been brought to market and will likely be able to command premium prices which the Company anticipates being in the range $2,500 USD/m3.

Figure 3 – Grey-White Quartzite produced from test block, VMC Quarry # 4

Figure 4 – Teal Blue Quartzite produced from test block, VMC Quarry # 5

“Our objective is to expand from a single operating quarry to five (5) operating quarries in 2024. We are also initiating direct sales of these building materials into the Canadian market, beginning in the GTA in Ontario, where we see evidence of rapid and sustainable growth in urban development.” Stated Christopher Berlet, President & CEO of Stakeholder Gold Corp.

“Stakeholder has twin channels for shareholder growth. The first is an expanding revenue stream from high margin quarry operations producing exotic stone for the building business. The quarries provide an opportunity for robust cash flow growth, while helping to restrict treasury share issuance. The second channel derives from the potential for substantial gold and copper discovery on the company’s 100% owned Ballarat Gold Project located in the heart of the White Gold District of the Yukon Territory, Canada.”

Figure 5 – Quartzite arrives at warehouse in Etobicoke, GTA, Ontario

 

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.

Stakeholder Gold Closes Private Placement

5th June 2024

Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce the closing of a non-brokered private placement financing (“Private Placement”), raising gross proceeds of $1,700,000 CAD through the issuance of 1,700,000 Units at $1.00 per Unit. Each Unit consists of one common share (“Common Share”) priced at $1.00 per Common Share, and one half of one common share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one additional Common Share at $1.50 for a period of two years from the closing of the Private Placement.

Each whole Warrant has an early exercise provision that allows the Company to trigger exercise of the Warrant when the 10-day average price of Common Shares traded on the TSX Venture Exchange exceeds $3.00 per share. Thirty days (30) after the trigger date, any unexercised Warrants will be deemed to be null and void. All securities issued under this Private Placement will be subject to a hold period expiring four months and one day from the date of closing.

Proceeds will be used for exploration on the Company’s Ballarat Exploration Project in the White Gold District located in the Yukon Territory, Canada and for developing the Company’s exotic stone quartzite business in Minas Gerais, Brazil.

One Officer of the Company (the “insider”) has invested in this Private Placement subscribing for in aggregate 55,000 Units, or gross proceeds of $55,000 CAD. The participation of insiders in the Private Placement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX. The Company is relying on exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation by insiders will not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the Private Placement because the existence of any placement or insiders’ participation therein had not been determined at that time.

This Private Placement does not result in any new insiders or control persons of the Company, and closing is subject to final approval by the TSX Venture Exchange.

 

For further information please contact:

Stakeholder Gold Corporation

Christopher Berlet

cberlet@stakeholdergold.com

416 525 - 6869

 

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.

When used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”, “hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation’s annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SRC White Quartzite Quarry and Export Market Update

6th of February 2024

Stakeholder Gold Corp. (“Stakeholder” or the “Company”) (TSX-V: SRC) is pleased to announce that licensing for the Company’s White Quartzite Quarry has cleared another milestone. On the 25th of January the State Forestry Institute of Minas Gerais, Instituto Estadual de Florestas (IEF), completed their site visit. The site visit is a prerequisite for granting final approval for commercial operations at the Company’s new White Quartzite Quarry.

Final approval from the IEF is expected imminently, at which point a sample block from the Company’s new White Quartzite Quarry will be produced and shipped for processing into slabs. These slabs will permit purchasing clients to view the material quality and to understand its finishing characteristics in advance of full-scale commercial production.

“Demand for white quartzite is strong, with many Brazilian factories reporting difficulty in purchasing enough material in block form. We believe that the white quartzite which will be produced at our new quarry will find a ready market,” said Marcus Chase, president of Mineração VMC Ltda. (VMC), Stakeholder’s Brazilian subsidiary.

Figure 1. White Quartzite Processed Slabs, Minas Gerais, Brazil

“Our purchasing clients have expressed strong interest in the material from this new quarry. Conservatively, we estimate that this quarry will sell 150 cubic meters of quartzite per month. Prices will vary between $1,700 and $1,900 USD/m3. This rate of production is expected to take three months to achieve, but once established there will be no impediments to maintaining or increasing the production rate.  Noteworthy also is that further capital expenditure is not required to move forward, as VMC is able to secure all necessary equipment from existing operations.”

Export Market Development

The Company is also pleased to announce that the first two containers of Blue Quartzite slabs have been cut, polished, and shipped directly to a new export market that the Company is developing in Canada. VMC is now preparing additional containers for export from Brazil to Canada.

“Our objective with direct exports is to enhance uptake at the same time as we commission new quarries in Brazil in order to grow sales for the company’s expanding product offering,” stated Christopher Berlet, CEO of Stakeholder.

“Stakeholder is developing a profitable cash flow business with a view to restricting treasury share issuance while we pursue high value-add exploration targets on the company’s 100% owned, highly prospective, Ballarat Gold and Copper Exploration Project located in the Heart of the White Gold District of the Yukon Territory, Canada.”

 

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.