Metals Creek Resources Corp.

Staghorn - NFLD

The Staghorn Property is located in south western Newfoundland, approximately 60 kilometres 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 5 mineral licences with 294 claims totalling 7350 ha.  The original licence 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 4 other claim packages trending NE-SW from the south end of Victoria Lake to Princess Lake.

Gold mineralization at Staghorn occurs in multiple directions of sheeted and stockwork quartz/sulphide veins within a felsic dyke. Mineralization consists of an 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 returning 1.47 g/t over 22.5m (36.5m to 59.0m).  Three buried intrusions or mineralized bodies are indicated by elongate 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 dilatational zone where the Lloyds River Fault is off-set by the west-northwest trending Woods Lake Fault. This dilatational 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 has completed its first field season on  the Staghorn property.   Results from the property wide prospecting program include 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 porphyry zone and is a good indication of additional gold potential on the claim group. A total of 63 samples were collected with assays ranging from 5 ppb (parts per billion) to 213,800 ppb (parts per billion).  The current prospecting program is following up on regional lake sediment arsenic anomalies serving as path finders for gold mineralization. A second phase of prospecting has been initiated to determine the source of the mineralized high grade float. Results will be made available as they are received and compiled. Work has also been initiated on the Porphyry Zone. Linecutting of a 15 km grid is complete and soil sampling and geophysical surveying will commence shortly.