Mining News: Northern Neighbors: Ryan’s GroundTruth begins to reveal Ballarat potential

Stakeholder Gold Corp. Aug. 3 reported encouraging results from an initial phase of exploration at it Ballarat gold property in the Yukon Territory. Planned and executed by GroundTruth Exploration Inc., an innovative exploration company founded by Shawn Ryan, the program included soil sampling; GT Probe bedrock interface sampling; ground-based resistivity/induced polarization surveying; and a drone survey to collect detail imagery of the entire property. This work has significantly expanded the Eastern zone target. Before the program, this prospect was defined by six contiguous, gold anomalous ridge and spur soil samples. The 374 soil samples collected there this year has expanded the anomalous area to 600 by 300 meters. Two float rock samples of quartz feldspar biotite gneiss collected from the Eastern zone returned assays of 0.759 grams per metric ton and 0.587 g/t gold. A grab sample of similarly altered gneiss collected from a trench at the Northwest zone ran 1.492 g/t gold. An immediate program of geophysical and GT Probe surveying is planned for the newly expanded Eastern zone anomaly. This will be followed by rotary air blast drilling at both the Northwest and Eastern zones. The Ballarat property is located about 14 kilometers (nine miles) northeast of Goldcorp Inc.’s Coffee Gold project.

-Shane Lasley