Ballarat Gold Property, White Gold District, Yukon Territory (Canada)
Stakeholder’s 100% owned Ballarat Gold Property is located 120 km southeast of Dawson City in the White Gold District of the Yukon Territory.
Exploration work on Ballarat has been conducted by GroundTruth Exploration Inc. who are pioneers in the use of proprietary technologies such as the GT Probe, the GT RAB Drill and the exploration applications developed for the UAV Drone.
Stakeholder completed Phase I exploration on the Ballarat property (2016 Season). The program consisted of soil and rock sampling, DC IP/resistivity surveying and 1,728 m of RAB drilling along the Eastern Zone. Several holes intersected isolated zones near surface that ran up to 1.5 g/t gold in single samples (1.5 m), but these samples were bracketed by broader zones of <1 g/t gold material (up to 12 m). The Eastern Zone was not tested at depth.
As yet, the northeastern end of the Eastern Zone, the newly-discovered Skye zone (located 1,500 m southwest of the Eastern zone) and the Northwest zone have not been drill tested. There are several new gold-in-soil targets that were identified during the 2016 exploration season, located between the Northwest and Eastern zones.
Further evaluation of exploration results is being undertaken to develop the strategy for summer 2019 exploration.