Stakeholder (TSXV: SRC) Finalizes Option over Bass River IOCG Project in Nova Scotia, Canada
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Toronto, Ontario - (Newsfile Corp. - March 31, 2014) (www.investorideas.com newswire) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") is pleased to report that the Company has received approval from the TSX Venture Exchange for the property option agreement (the "Agreement") with Cogonov Inc. Under the terms of the Agreement, Stakeholder can earn a 51% interest in the Bass River Iron-Oxide-Copper-Gold (IOCG) project as previously detailed in the press release dated January 22, 2014. The Agreement gives Stakeholder a right of first refusal over the remaining 49% interest in the project.
Under the terms of the Agreement, the Company has issued 1,000,000 common shares to Cogonov Inc. The shares will have a hold period ending July 27, 2014.
"Bass River has distinctive gravity and coincident VTEM anomalies detected in earlier survey work. The larger of two gravity anomalies is 9km in strike length and 2km wide. The structural setting and mineralogy is conducive to IOCG deposition, and we are excited to be moving forward on these high priority exploration targets," stated Chris Berlet, President and CEO.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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