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Staghorn Project

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 10 mineral licences with 327 claims totaling 8175 hectares. 

Benton is earning into up to 70% of the project which is wholly owned by Metals Creek Resources Corp. (TSX.V-MEK  www.metalscreek.com).  To earn an initial 60% interest, Benton must make cash payments of $50,000, issue a total of 500,000 Benton shares and incur work expenditures of $500,000, all over a three year period. Benton will be the operator during the earn-in period. Once a 60% interest is earned by Benton, either a 60/40 joint venture will be formed, or Benton may elect to earn an additional 10% interest to bring its total property interest to 70% by paying $50,000 cash and issuing an additional 500,000 Benton shares within 60 days of the 3rd anniversary date and incurring an additional $500,000 in exploration expenditures by the 5th anniversary date.

The property lies on a  regional fault zone that hosts a number of gold deposits including Marathon Gold’s Valentine Lake deposit, located 30 km to the northeast and Benton’s Cape Ray gold deposits approximately 100km to the southwest. The Staghorn Gold Property covers a 29 km strike length of the mineralized trend.  Historically, gold mineralization at Staghorn occured 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. More recently, exploration has focussed on the SW extent of Victoria Lake where late-2014 prospecting yeilded anomalous gold up to 25g/t in angular float.

Due to the abundance, and correlation of arsenopyrite with gold on the project, Benton completed a bottle roll test which resulted in gold recoveries exceeding 90 percent.

Benton focussed almost its entire exploration effort in 2015 towards the Staghorn project.  The Rich House Visible Gold showing, discovered in 2015 and located approximately 4km northeast of Ryan's Hammer, has gold grades from trace to 189g/t Gold.  The newly discovered, Ryan's Hammer Zone, contains gold occurences in outcrop, subcrop and soil, and stretches nearly 2.2km in length.  These areaa will be the focus of Benton's future exploration as the company hopes to strip overburden below each gold showing to expose mineralized bedrock.  

 

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Regional Geology

Staghorn Highlights

 

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Woods Lake Zone Ryan's Hammer Zone

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