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Abstract
- An exploration Plan of Operations (POO) has been submitted to the Bureau of Land Management (BLM) and the State Department of Environmental Protection (NDEP) for the Lookout Mountain project. The POO calls for 108 hectares (266 acres) of disturbance that can be accessed for use in a phased approach, and covers the entire Ratto Ridge structural zone. The POO utilizes existing Environmental Assessments to minimize additional biological or cultural studies that may be required, thus reducing the time necessary for approval by the BLM and NDEP. Staccato is waiting to hear which additional studies may be necessary before the POO is approved. The POO will allow Staccato to complete additional infill, metallurgical, and exploration drilling necessary to bring the Lookout Mountain project toward feasibility.
- An initial 2,600 metre (8,000 foot) drill program to follow-up on the high grade intercept (5.25 g/t over 22.9 metres) drilled in 2008 at the Windfall project will commence in late summer/early fall. The North-trending Windfall fault is mineralized for over 7,500 metres of strike length, with Staccato controlling over 5,000 metres of strike along the zone. Historic development drilling and past exploration drilling indicates that the Windfall trend is wide open for expansion on strike to the north and south, and down dip beneath the Rustler and Windfall Pits. Target areas north and south of the main Lookout Mountain project may also be tested during the program.