Episode Description
Stakeholder Gold Corp. (TSXV: SRC | OTCQX: SHKRF) may carry gold in its name, but the first diamond drill hole at its Ballarat Project in Yukon’s White Gold District has opened a much broader exploration story. Speaking with InvestorNews while assay work was still underway, President, CEO and Director Christopher Berlet described a program designed to test two distinct opportunities on the same property: gold targets across northern Ballarat and a potential copper, nickel, cobalt and platinum group element system at the Loki Target in the south.The two areas are separated by approximately eight kilometres, but they share an emerging logistical advantage. Ballarat spans 20 kilometres of the Northern Access Route now under construction to serve the neighbouring Coffee Gold Project. For a property historically dependent on helicopter access, a mine grade road through the centre of the claims could materially change the cost and pace of future exploration.Stakeholder’s first hole, BA2601, was originally planned to reach approximately 200 metres. The company extended it to 498 metres after encountering favourable geology and sulphide mineralization, including disseminated, net textured and locally massive pyrite, pyrrhotite and chalcopyrite. The hole also intersected a previously unmapped mafic-ultramafic pyroxenite intrusion that management believes may be prospective for Alaskan style nickel, copper and PGE mineralization.That geological surprise was the most important point in Berlet’s early account of the program. The hole did more than test a copper in soil anomaly. It identified a substantial intrusive unit and gave Stakeholder a new model for understanding the Loki corridor, which the company says extends for more than 30 kilometres across the southern portion of Ballarat.At the time of our conversation, Berlet was careful to note that assays would determine the significance of what the team had seen in the core. Stakeholder has now released initial results from the 226 to 451 metre section of BA2601, while assays from the beginning and end of the hole remain pending.The first results included a six metre copper, nickel and cobalt sulphide zone grading 1,190 parts per million copper, 159 ppm nickel and 123 ppm cobalt. That interval included one metre grading 3,730 ppm, or 0.37%, copper, together with 641 ppm nickel and 514 ppm cobalt. The company also reported two spatially separate PGE intervals, including five metres averaging approximately 100 parts per billion platinum plus palladium and three metres averaging 90 ppb platinum plus palladium. These are reported drill core lengths, and true widths have not yet been determined.The results do not establish an economic deposit, and it would be premature to describe Loki as a discovery on the strength of one partially assayed hole. Their importance is geological. Stakeholder’s independent qualified person interpreted the results as evidence of a fertile, differentiated magmatic sulphide system in which copper, nickel and cobalt occur in discrete sulphide zones while platinum and palladium appear in separate, more weakly sulphidic horizons. The next challenge is to use those geological and geochemical vectors to locate stronger concentrations of mineralization.Disclaimer: Video interviews and other video content published by InvestorNews are produced as part of paid media services. The issuer or company featured in this video has compensated InvestorNews for the creation and publication of such content. The views expressed in these interviews are those of the interviewees or guests and do not necessarily reflect the opinions or positions of InvestorNews, its writers, or its affiliates. For full details, please refer to our complete disclaimer at www.investornews.com/disclaimer