Thick Intercepts of Gold Mineralization Returned At Windfall Project
Ten holes totaling 2,448 metres (8,030 feet) were completed during the program. Five of the holes were drilled as offsets to follow up on the high grade gold intercept drilled in hole 4 last year (5.25 g/t over 22.9 metres or 75 feet @ 0.153 opt), and five were drilled as exploratory holes to test the strike and dip extent of the Windfall fault zone.
Highlights of the program include:
Confirmation that the Windfall fault zone is an extensive structural zone that measures up to 90 metres (300 feet) wide, and contains two or more significant zones of mineralization. Staccato has currently tested approximately 1,100 metres (3,600 feet) of the Windfall fault zone, which is part of an extensive regional structural trend that extends south onto Staccato's other projects.
A secondary hanging wall structure identified by surface mapping and drilling indicates another untested contact zone exits at depth.
Several thick intercepts of gold mineralization were returned:
Hole 7: 41.1 metres at 0.379 g/t gold (135 feet at 0.011 opt)
Hole 8: 41.1 metres at 0.549 g/t gold (135 feet at 0.016 opt)
Hole 9: 34.4 metres at 0.358 g/t gold (115 feet at 0.010 opt)
Hole 11: 30.4 metres at 0.617 g/t gold (100 feet at 0.018 opt)
All holes in the exploration program encountered thick intercepts of low grade gold (holes 5 -- 12) or anomalous gold mineralization (holes 13 and 14) within the Windfall fault zone. The offset and exploration holes drilled define the Windfall fault zone as a 45 to 60 metre (150 to 200 foot) thick zone striking roughly north-south and dipping approximately 60 degrees to the east.
The offset program was designed to surround hole 4 with 60 metre (200 foot) offset intersections, however holes 6 and 7 deviated strongly to the southwest, finishing underneath hole 8 approximately 60 metres (200 feet) south. Mapping suggests that a potential northeast cross structure may have caused the deviation.
A secondary hanging wall structure identified by the mapping program was also encountered in drill holes 7, 8, 11, and 13 and is characterized by strong silicification and decalcification of Windfall Formation and Dunderberg shale in the hanging wall side of the fault, and Dunderberg shale and Hamburg Dolomite on the footwall side. Drilling indicates a down to the east offset of the Dunderberg --
Results from the surface mapping program, historic production and geologic maps, and drilling indicate that high grade gold is locally controlled within cross structures cutting the main Windfall fault zone. The current program tested approximately 1,100 metres (3,600 feet) of the Windfall fault zone with wide spaced drilling. The Windfall fault zone is part of an extensive mineralized structural trend which extends for over 5,250 metres (+17,000 feet) based on historic data. Staccato plans to continue to assess the potential of the prospective Windfall fault zone and the regional trend, with additional surface mapping, sampling, geophysical surveys, and exploration drilling planned for the future.
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