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Northern Nuggets: Stakeholder to groundtruth Ballart gold project

 

Last updated 5/8/2016 at Noon



Stakeholder Gold Corp. May 5 said GroundTruth Exploration Inc. will be carrying out exploration at its Ballarat gold project located in the White Gold District of Yukon Territory.

The work will start with a drone-generated, high-resolution topographic survey of the entire property.

The Northwest zone - which has seen detailed conventional soil sampling, limited trenching and diamond drilling - will be further tested along two mineralized trends.

Only a portion of a 2,000-meter-long soil geochemical anomaly has been tested by trenching and drilling.

The plan is to perform an induced polarization-resistivity survey over this anomalous trend that has not seen advanced surface or sub-surface exploration.

The geophysical survey will aid in planning an immediate follow-up Geoprobe sampling program, spaced at five-meter intervals along the survey lines.

Geoprobe is a small, track-mounted hydraulic drill designed to take soil and rock-chip samples from the soil-bedrock interface.

A similar program will be carried out on a 1,000-meter-long east-west trending anomaly located immediately to the south.

At least 500 samples will be collected by the Geoprobe survey along both trends.

A program of geophysics and conventional soil sampling is planned for the Eastern zone, located about 7.5 kilometers (4.7 miles) east of the Northwest zone.

A series of moderate to highly anomalous gold-in-soil anomalies were obtained along a ridge spur during a regional sampling program conducted in 2011.

A control grid will be located, about 400 soil samples will be collected, and five geophysical profile lines will be surveyed.

The gold-in-soils anomaly in the Eastern zone is located roughly 500 meters from a proposed access road that will service Kaminak Gold Corp.'s Coffee Gold project.

"The proposed exploration program, as outlined here, can provide meaningful results quickly and cost-effectively.

This will allow Stakeholder to quickly establish the merits of the anomalous gold zones already evidenced on the Ballarat property and to make decisions as to the next steps in prospective discovery of economic mineral deposits on the Ballarat property," said Stakeholder Vice President of Exploration John Nebocat.

 

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