Stakeholder Gold Corp Stock Price, News & Analysis

Stakeholder Gold Corp. (TSXV: SRC) celebrates Klondike Gold Discovery Day in Yukon Territory, Canada. The holiday commemorates the 1896 gold discovery that sparked the Yukon Gold Rush. Stakeholder holds a 100% ownership of an 18,741-hectare claim in the White Gold District, centered around Ballarat Creek, a prolific placer gold producer.

The company's Skye Zone exploration target, located east of Ballarat Creek, has revealed two distinct gold in soil trends of 1.9 km and 1.3 km. These findings are the focus of the 2024 exploration season. Stakeholder aims to deliver another significant gold source discovery in the White Gold District, building on the region's rich history of gold exploration and discovery.

Stakeholder Gold Corp. (TSXV: SRC) has announced the start of its 2024 exploration program on the 100% owned Ballarat Gold Project in Yukon, Canada. The program aims to further investigate gold and copper anomalies identified in previous years. Key highlights include:

1. Two gold in soil trends of 1.9 km and 1.3 km in the Skye Zone
2. Multiple spot gold anomalies west and east of Ballarat Creek
3. A 500 m wide zone of anomalous copper samples in the Loki Zone

The 2024 program will include grid soil sampling, VLF surveys, geological mapping, prospecting, and a drone magnetic survey. The work will focus on the Skye and Loki Zones, both located near the proposed Northern Gateway Road, potentially offering logistical advantages for future development.

Stakeholder Gold Corp (TSXV: SRC) has received a license for its second white quartzite quarry in Minas Gerais, Brazil, with infrastructure development underway. The company awaits an environmental license from SUPRAM to begin full operations. A sample block is being produced for marketing. The demand for white quartzite is strong, promising steady margins and profits. Licensing for a third quarry is nearing completion, and the company plans to open four new quarries in 2024. Stakeholder also aims to enter the Canadian market, leveraging its existing personnel and equipment. The company anticipates premium prices for new quarry materials. Stakeholder's strategy includes expanding quarry operations and potential gold and copper discoveries in Yukon, Canada.

Stakeholder Gold (TSXV: SRC) has successfully closed a non-brokered private placement, raising $1,700,000 CAD. This was achieved by issuing 1,700,000 Units at $1.00 per Unit, each containing one common share and one half of a common share purchase warrant. Whole warrants are exercisable at $1.50 for two years, with an early exercise trigger if the share price exceeds $3.00. Proceeds will fund the Ballarat Exploration Project in Yukon and the quartzite business in Brazil. An officer subscribed for 55,000 Units, a related party transaction under MI 61-101, which didn't require formal valuation or minority approval. All issued securities have a four-month hold period, and final approval by the TSX Venture Exchange is pending.