Stakeholder's 498-Metre Loki Hole Comes Back Fully Mineralized

Stakeholder Gold Corp. (TSXV: SRC) reported final assays for hole BA2601 at its Loki Critical Mineral Zone on the Ballarat project in Yukon, confirming copper-nickel-cobalt and platinum-group-element mineralization across the entire 498-metre hole, while 3D VTEM and magnetic inversions defined a second untested conductive target to the south.

Stakeholder Gold Corp. (TSXV: SRC) has closed the loop on its first deep test of the Loki Critical Mineral Zone, reporting final diamond drill assays that make hole BA2601 a fully mineralized 498-metre intercept from top to bottom. The company also released 3D inversion modelling of its airborne electromagnetic and magnetic data over Loki, which frames the zone as a discrete intrusive body and puts a second, untested conductive target on the map immediately to the south.

Loki sits on the 100%-owned Ballarat Gold-Copper Project in Yukon's White Gold District, a belt better known for gold than for the copper-nickel-cobalt-platinum-group-element assemblage Stakeholder is now chasing. That is the interesting part of this release: a gold-district property producing a critical-minerals result that reads more like a magmatic sulphide system than a vein-hosted gold target.

What the final assays actually complete

The new results cover two windows that had been outstanding: the upper hole from 1 to 226 metres and the bottom section from 451 to 498 metres. With those in hand, the full 498 metres is accounted for, and the company reports mineralization throughout. Copper, nickel and cobalt values, together with platinum and palladium, extend through much of the upper hole rather than being confined to a narrow band deeper down.

That distinction matters more than any single assay interval. A discovery hole that returns metal over its entire length, from surface to the end of hole, tells a geologist that the mineralizing system is pervasive rather than structurally pinched. It also removes the awkward scenario in which an eye-catching deep intercept sits beneath hundreds of metres of barren rock, which is the difference between a target that can be tested economically from surface and one that cannot.

Stakeholder has not, in this release, framed BA2601 as a resource-grade hole, and nothing in the results should be read that way. A single drill hole, however continuously mineralized, establishes the presence and geometry of a system. Grade continuity, thickness, and metallurgical behaviour across a deposit require many more holes, and the release itself is explicit that a second target remains untested.

The geophysics is the real news

The 3D inversion work over the VTEM electromagnetic and magnetic datasets is arguably the more consequential half of the announcement. Inversion modelling takes surface or airborne survey readings and back-calculates the three-dimensional distribution of rock properties, in this case electrical conductivity and magnetic susceptibility, that would produce them. For sulphide-bearing intrusive systems, conductive and magnetic bodies frequently track the mineralized rock itself, because sulphides conduct electricity and associated magnetite carries a magnetic signature.

According to the results reported by INN Precious Metals, the inversions define Loki as a robust, discrete intrusive system and pick out a second conductive target to the south that has never been drilled. That gives the next program a defined geometry to aim at rather than a broad geochemical anomaly, which is usually the point at which a junior's drill metres get materially more productive per dollar.

How this reshapes the next drill program

Practically, Stakeholder now has two things it did not have before this season: a confirmed mineralized envelope at Loki with known top and bottom, and a modelled second body to the south. A follow-up program can therefore do two jobs at once, stepping out along the known system while collaring a first-ever test of the southern conductor.

What investors should watch for in the coming months:

• Whether the company commits to drilling the southern conductive target, and on what timetable given Yukon's seasonal drilling window.
• Any disclosure of grade and interval widths that would let the market compare Loki with other Yukon critical-mineral prospects.
• Financing. Deep diamond drilling in the Yukon is expensive, and a two-target program implies a larger budget than a single follow-up would.
• Whether subsequent holes show the nickel-cobalt-PGE tenor holding up laterally, which is what separates a magmatic sulphide curiosity from something with scale.

A gold district repositioning itself

The strategic backdrop helps explain why a result like this gets attention out of proportion to a single hole. Nickel, cobalt and the platinum-group elements sit on North American critical-minerals lists, and the copper side of the assemblage answers to grid and electrification demand. A Canadian jurisdiction with existing exploration infrastructure and a project that carries both gold and critical-metal exposure is a combination that has drawn capital in this cycle even where the geology is still early.

The White Gold District's reputation was built on gold discoveries, so a copper-nickel-cobalt-PGE intrusive system there is a different geological story than the one the district is known for. Ballarat retains its gold-copper identity, and Loki is presented as a zone within it, not a replacement for it. But if the inversions are right about a discrete intrusive body with a second untested lobe, the critical-minerals component becomes the part of the property that sets the exploration budget.

Where the stock sits

Stakeholder's US over-the-counter line, SKHRF, changed hands at 1.20 as of 15:21 GMT on Tuesday, Sept. 1, 2026, down 0.66% on the day from a previous close of 1.21, and trading in a tight intraday band of 1.20 to 1.21. That is a muted reaction, and not an unusual one for an OTC listing of a Canadian junior where liquidity is thin and the domestic TSX Venture line does most of the price discovery.

The broader tape was soft the same session, which does nothing to help a speculative exploration name. The S&P 500 tracker (SPY) was at $763.23, off 0.50%, the Nasdaq 100 fund (QQQ) at $709.38, down 1.03%, and the Dow tracker (DIA) at $529.65, lower by 0.36%. Risk appetite for pre-resource explorers tends to compress on days when large-cap indexes are giving ground.

For a company at this stage, the share price is a weak signal in any case. What determines the outcome at Loki is whether hole two, three and four repeat what BA2601 showed, and whether the southern conductor turns out to be sulphide rather than something geologically less interesting that happens to conduct. Neither question is answered by a completed discovery hole, however clean the assays read through all 498 metres of it.

Key facts

• Discovery hole: BA2601, fully mineralized over 498 metres at Loki
• New assay intervals: Upper hole 1–226 m and lower hole 451–498 m
• Share price: SKHRF at 1.20, -0.66%, as of 15:21 GMT Sept. 1, 2026
• Project: 100%-owned Ballarat Gold-Copper Project, White Gold District, Yukon

Frequently asked questions

What did Stakeholder Gold report at Loki?

Stakeholder Gold Corp. reported the final diamond drill assays for hole BA2601 at its Loki Critical Mineral Zone. With the upper (1–226 metre) and lower (451–498 metre) sections now assayed, the entire 498-metre hole is mineralized, carrying copper, nickel, cobalt and platinum-group elements through much of its length.

Where is the Loki zone located?

Loki is a zone on the Ballarat Gold-Copper Project, which Stakeholder owns outright, in the White Gold District of Canada's Yukon Territory. The district is best known historically for gold discoveries, making a copper-nickel-cobalt-platinum-group-element intrusive system there a departure from the usual local geology.

What is a 3D VTEM and magnetic inversion?

VTEM is an airborne electromagnetic survey. Inversion modelling takes those readings plus magnetic data and computes the three-dimensional distribution of rock conductivity and magnetic susceptibility that would produce them. Sulphide minerals conduct electricity, so conductive bodies often outline mineralized rock, giving drillers a target with actual shape and depth.

Why does the southern target matter?

The inversion work identified a second conductive body south of the drilled area that has never been tested. It gives Stakeholder a defined geometry to aim at in its next program rather than a broad anomaly, and it raises the potential scale of the Loki system from one drilled zone to at least two.

Does a fully mineralized hole mean an economic deposit?

No. A single continuously mineralized hole establishes that a mineralizing system is present and pervasive rather than pinched. Establishing economic value requires many more holes to prove grade continuity, thickness and metallurgy, plus engineering and economic studies. Nothing in this release constitutes a mineral resource estimate.

How is the stock trading?

Stakeholder's US over-the-counter symbol SKHRF traded at 1.20 as of 15:21 GMT on Sept. 1, 2026, down 0.66% from the previous close of 1.21, within a 1.20 to 1.21 intraday range. Broader indexes were lower the same session, with SPY off 0.50% and QQQ down 1.03%.

Sources

• Stakeholder Confirms Broad Copper-Nickel-Cobalt-PGE Mineralization Through the Full 498-Metre BA2601 Discovery Hole as 3D Inversions Define a Major New Drill Target at Loki — INN Precious Metals

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