EPISODE · Oct 4, 2024 · 9 MIN
Christopher Berlet on Stakeholder Gold's Skye Zone in the Yukon, Plus Revenue from Brazil Quartzite
from Investor.News · host Investor.News
In a recent interview with Investor.News host Tracy Hughes, Chris Berlet, President, CEO, and Director of Stakeholder Gold Corp. (TSXV: SRC), shared key insights into the company's current projects. Berlet emphasized the significance of Stakeholder’s Ballarat Gold Project, located in the White Gold District of Yukon Territory. He highlighted the Skye Zone as a promising gold discovery within the 18,741-hectare project. "We believe that Skye Zone could lead to a very significant new discovery," Berlet noted, comparing its characteristics to the Golden Saddle deposit, although with potentially larger scale. The Skye Zone, with a current strike length of 3.2 kilometers, is located close to the Northern Gateway Road, which could offer logistical advantages. The ongoing 2024 exploration program aims to confirm the potential of both the Skye Zone and the newly identified Loki Zone, with results expected by October. Berlet also discussed Stakeholder’s diversification strategy through its Brazilian subsidiary, Victoria Mining Corporation (VMC). This subsidiary generates robust cash flow from the sale of exotic blue quartzite, enabling Stakeholder to limit treasury share issuance and protect shareholders from dilution. "It's a great business," Berlet remarked, sharing that they plan to expand to three quarries this year, with potential for up to ten in the future. This cash flow allows the company to pursue major gold discoveries while maintaining a lean share structure, positioning Stakeholder to deliver substantial shareholder value.
What this episode covers
In a recent interview with Investor.News host Tracy Hughes, Chris Berlet, President, CEO, and Director of Stakeholder Gold Corp. (TSXV: SRC), shared key insights into the company's current projects. Berlet emphasized the significance of Stakeholder’s Ballarat Gold Project, located in the White Gold District of Yukon Territory. He highlighted the Skye Zone as a promising gold discovery within the 18,741-hectare project. "We believe that Skye Zone could lead to a very significant new discovery," Berlet noted, comparing its characteristics to the Golden Saddle deposit, although with potentially larger scale. The Skye Zone, with a current strike length of 3.2 kilometers, is located close to the Northern Gateway Road, which could offer logistical advantages. The ongoing 2024 exploration program aims to confirm the potential of both the Skye Zone and the newly identified Loki Zone, with results expected by October. Berlet also discussed Stakeholder’s diversification strategy through its Brazilian subsidiary, Victoria Mining Corporation (VMC). This subsidiary generates robust cash flow from the sale of exotic blue quartzite, enabling Stakeholder to limit treasury share issuance and protect shareholders from dilution. "It's a great business," Berlet remarked, sharing that they plan to expand to three quarries this year, with potential for up to ten in the future. This cash flow allows the company to pursue major gold discoveries while maintaining a lean share structure, positioning Stakeholder to deliver substantial shareholder value.
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Christopher Berlet on Stakeholder Gold's Skye Zone in the Yukon, Plus Revenue from Brazil Quartzite
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