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>> Staghorn - NFLD

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 theBurgeo Highway(Route 480) and several gravel roads that branch west from the main highway. Staghorn is a part of an option agreement with Benton Resources in which Benton has the option to earn a 60% interest by incurring $500,000 in expenditures and making cash payments totaling $50,000 and issuing  500,000 shares over 3 years and is operator of the project.  Benton also has an option to earn an additional 10% by making an additional cash payment of $50,000, issuing 500,000 shares and incurring an additional $500,000 in expenditures. 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.

Gold mineralization within the Woods Lake zone 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 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. Diamond drill programs completed by Metals Creek in 2009 and 2010 expanded the Woods Lake zone for over 550m in length and remain 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.  Further prospecting in 2014 resulted in the discovery of a high grade boulder train along the Cape Ray Fault.  The regional fault is host to a number of gold deposits including Marathon Gold’s Valentine Lake Gold deposit 32 km’s to the northeast and Benton’s Cape Ray Gold Deposit’s located to the southwest.

Field work conducted by Benton during the 2015 field season has resulted in the discovery of additional soil anomalies and mineralized angular boulders grading 1.1 to 5.4 gpt (grams per tonne) gold interpreted to be sub-crop has extended the Ryan’s Hammer mineralized trend an additional 750m.  A second zone of mineralization was discovered within an Iron Carbonate Shear Zone with associated visible gold resulting in assays up to 189.2 gpt. located to the northwest of the Ryan’s Hammer Trend.   

Trenching is expected to commence once all permits are received.  

Download the Staghorn Fact Sheet

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         Property Location

       Property Magnetics

         Property Geology

 

 

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Regional Geology

Gold Showings