Silver Creek Project

Overview

• Located in the Upper Peninsula of Michigan, USA in the Marquette Greenstone Belt
• Prospect lies along Dead River shear zone containing gold mineralization and carbonate alteration
• Gold mineralization appears structurally controlled  within quartz veins
• Project was heavily drilled and evaluated by Callahan Mining in the 1980’s
• Drilling program by Aquila in 2010 yielded multiple gold intercepts:
  • 0.49 g/t gold over 45.5 meters in SC11-1
    including 1.22 g/t gold over 8.45 meters and 2.93 g/t over 1.95 meters
  • 0.24 g/t gold over 14.5 meters in SC 11-4
  • 0.28 g/t gold over 18.45 meters in SC 11-5
• 1,500 meters of follow-up drilling planned for 2012

History

The prospect has most recently been drilled and evaluated by Callahan Mining Corp. in the 1980s. Callahan reported that the gold mineralization appears to be structurally controlled with higher values associated with brecciation and quartz/albite/dolomite alteration, as well as within gold bearing quartz veins.  Silver Creek has also been explored for base metals, as there are numerous showings of sphalerite and galena in outcrop.

Geology

The Silver Creek prospect is located about 13 kilometers northwest of the town of Ishpeming in Marquette County, Michigan.  The prospect lies along the Dead River Shear Zone, a broad zone of shearing, carbonate alteration and gold mineralization in the northern portion of the Marquette Greenstone Belt. Silver Creek has been explored and evaluated by multiple parties with flooded shafts and prospect pits allegedly dating back to the 1800s. 

A thick, mineralized zone (up to 25 meters of alteration, quartz veining, and anomalous gold) is being defined over a potential strike length of about 150 meters. A 1,500 meter follow-up drilling program is scheduled for the Silver Creek area, as well as Silver Creek West (2 kilometers west of Silver Creek).