Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
DAWSON CITY, YUKON–(Marketwire – July 30, 2012) – Stakeholder Gold Corp. (“Stakeholder”) (TSX VENTURE:SRC) is pleased to announce that core drilling has commenced on the 200-claim (4,140-hectare) Ballarat gold property located in the White Gold district approximately 100 kilometres due south of Dawson City, Yukon. The drilling will test two strong gold-in-soil anomalies outlined in 2010. Each anomaly appears to trend east-west for a minimum distance of 1000m on the property. The southern anomaly is the best defined with maximum values up to 796 parts per billion gold (ppb Au). The northern anomaly has numerous high values up to 188ppb Au. It is expected that the drill program will be fully completed by August 15, 2012.
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This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company’s periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.
Shares Issued 40,971,641
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.
