The intersections in holes 1, 3, 4, 5 and 7 are approximately 50% of true width and found immediately up section from the transition between the mafic (pyrrhotite bearing) tuffs and the felsic tuffs, the felsic tuffs being the host for all significant mineralization. The tuffs underlie the main rhyolite flow at Gamble Lake. The intersections in GL-06, collared in the northern portion of Gamble Lake (VTEM cluster VTBR-5) and drilled northwest at an azimuth of 319 degrees, were hosted in mafic sediments and are much thicker than the intersections observed in the felsic volcanic unit. The intersections reported for GL-06 are approximately 95% of true width.
In the western portion of the property, drill holes IP15-0 and IP15-10 were collared within an AIIP anomaly located within a portion of the Pleasant Hills where prospecting uncovered copper mineralization within a magnetite / hematite breccia. Although hematite and magnetite were present in drill core as bands and locally stock-worked, the only sulphide encountered was pyrite.
As previously mentioned, (Press Release dated March 19/2015), detailed research by geologists from the Department of Natural Resources, Nova Scotia has assisted in interpreting the geology and style of mineralization. By utilizing their XRF analyses, they have determined the relative ages of the host units and concluded that the volcanics intersected in drill hole GL-06 are lower in the stratigraphy than the rest of the units encountered at Gamble Lake. This unit trends northeast towards the recently delineated Castlereagh VTEM target.
“The first phase of drilling at Bass River suggests a reasonable mineralized system may be present, and the key target area at Bass River is the newly defined Castlereagh VTEM anomaly located between 500 metres and 1,000 metres northeast from drill hole GL-06. Stakeholder is currently seeking to renegotiate terms with Cogonov Inc. for further work on the property”, stated Chris Berlet, President and CEO of Stakeholder.
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