Metals Creek Resources

Staghorn - NFLD

May 21, 2015

The Staghorn Property is located in south-western Newfoundland, approximately 60 kilometers southeast of the seaport of Stephenville. Road access to the property is via the Burgeo Highway (Route 480) and several gravel roads that branch west from the main highway. Staghorn is comprised of 13 mineral licences with 450 claims totaling 11,220 hectares.  The original license 014441M centered on Woods Lake was staked in 1998 by Edwin Northcott to cover an area of intrusive-hosted gold mineralization in mylonitized granites cut by felsic dykes. Metals Creek has optioned this claim in addition to staking the 12 other licences trending NE-SW from the south end of Victoria Lake to Princess Lake
 
 
Gold mineralization at Staghorn occurs within an altered felsic dyke with associated quartz stock work and quartz/sulphide veins within a granite host.  Mineralization consists of arsenopyrite-pyrite-chalcopyrite-gold. In 2005 Candente Resources Corp. defined a low-grade high tonnage scenario with success on diamond drill hole ST-05-07 returning, 2.01g/t, 6.20g/t and 11.245g/t gold over non-contiguous 1.5m sample intervals within a larger interval assaying 1.47 g/t over 22.5m (36.5m to 59.0m).  Three buried intrusions or mineralized bodies are indicated by elongated 0.5 to 1.5 km magnetic features occurring proximal to the areas of known gold mineralization.  The main gold center is focused on a dilational zone where the Lloyds River Fault is off-set by the west-northwest trending Woods Lake Fault. This dilational zone created by the intersection of the two faults is where deformed granite is intruded by a series of un-deformed intrusive phases.
 
Metals Creek completed its first field season on the Staghorn property with results from the property wide prospecting program including gold assays up to 213.8 g/t from angular quartz vein float containing pyrite and arsenopyrite mineralization.  The float is located 7 km to the southwest of the main Woods Lake zone and is a good indication of additional gold potential on the entire claim group.   Diamond drill programs completed by Metals Creek in 2009 and 2010 expanded the Woods Lake zone for over 550m in length and remaining open to the east and down-dip.  Highlighted results included a down hole intercept of 1.37 g/t Au over 26.31m including 6.18 g/t Au over 5.11m.
 
Regional soil sampling from 2012 across underexplored areas in the northern part of the claim block exposed a high-grade gold-in-soil anomaly within an approximate 500m x 500m area.  This, along with numerous high priority targets, remain open, untested and warrant future exploration programs.  Metals Creek is actively seeking a joint venture partner for the Staghorn Property.


Source: http://www.metalscreek.com/article/staghorn--nfld-167.asp