Stakeholder Gold Corp. (TSX-V: SRC)generates cash flow with the sale of exotic blue quartzite from its wholly owned Brazilian subsidiary, Victoria Mining Corporation (“VMC”). Cash flow received from blue quartzite sales permits Stakeholder to restrict treasury share issuance and protects Company shareholders from dilution.
Stakeholder Gold holds a 100% interest in the Ballarat Gold Project located in the heart of the White Gold District of the Yukon Territory (Canada). The Ballarat Gold Project covers 7,442 hectares of ground situated directly north of the Newmont Corp. (NYSE: NEM) Coffee Mine Project, and south and west of the White Gold Corp. (TSX-V: WGO) White Gold Project.
Ballarat Gold Project 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.
Ballarat Creek, which is fed from headwaters located on the Company’s Ballarat property, has been one of the most prolific placer gold producers of the White Gold District.
There are several gold occurrences on the Company’s Ballarat Gold Project which have been the focus of preliminary survey work, and which merit exploration follow up. In addition, more than 10 km of the Northern Gateway Road, which is being developed to traverse and service the Yukon’s White Gold District, is being constructed across the Company’s Ballarat claim area.
The Company’s Ballarat Project claim group also includes title to 10 claims located within the nearby Coffee Project which is being developed by Newmont Corp. (NYSE: NEM) south of the Yukon river.