The Saddle Vein and New Vein zones are located approximately 1.5 kilometres northwest of Lindquist Lake and 49.5 kilometres southeast of the community of Kemano and are part of the Deer Horn property.

Regionally, the area is located in the Intermontane Belt and is underlain by greenstone and greenschist metamorphic rocks of the Upper Paleozoic to Middle Jurrasic Gamsby Complex which have been thrust over sedimentary and volcanic strata of the Lower Cretaceous Skeena Group and calc-alkaline volcanic rocks of the Lower Jurassic Telkwa Formation (Hazelton Group). The volcanic and sedimentary units have been intruded by quartz dioritic rocks of the Middle Jurassic Trapper Plutonic Suite and undivided intrusive rocks of the Eocene Coast Plutonic Complex(?).

The Pry Bar (093E 127) and Saddle vein occur in the same structural setting (the immediate hangingwall of the same reverse fault) as that of the Deer Horn (093E 019). The discoveries extend the overall strike length( from Deer Horn west to the Pry Bar) of the gold-silver-tellurium vein system to more than 2400 metres. It remains open to the west of Pry Bar.

Quartz-polymetallic sulphide veins occur in a foliated diorite and in a quartz-sericite alteration zone at the boundary between the diorite and underlying clastic sedimentary rocks.

In 2012, Deer Horn Metals Inc. discovered the Saddle Vein and New Vein zones while doing helicopter-supported prospecting. Sampling at the Saddle Vein showing assayed 0.92 gram per tonne gold, 633 grams per tonne silver, 357 grams per tonne tellurium and 0.823 per cent zinc, while sampling at the New Vein showing assayed 1.16 grams per tonne gold, 159 grams per tonne silver, 57.6 grams per tonne tellurium and 0.916 per cent zinc (Press Release, Deer Horn Metals Inc., January 16, 2013).

Another zone of mineralization, referred to as Cam’s Trench, is located approximately 400 metres to the north east. The type of mineralization is not described but is assumed to be similar to that of the Saddle and New veins. In 2011, a composite of grab samples (1361321) from a trench (Cam’s) assayed 34.5 grams per tonne silver and greater than 1.0 per cent lead and zinc, respectively, with anomalous gold and tellurium values (Lane, B., Giroux, G. (2012-04-17): Updated Resource Estimate for the Deer Horn Gold-Silver-Tellurium Property).

For full property history and regional geology, see Lindquist/Deer Horn (MINFILE 093E 019) and Pry Bar (093E 127).