Deer Horn Metals Corp. (now called Deer Horn Capital Corp.) commissioned an exploration program in late summer 2012 to assess the claims for extensions to the various mineralized zones (Au, Ag, Te, Tungsten, Cu). The program was reported a success as provided for in DHM's news release of early 2013. The Deer Horn claims, due in part to the experience of management of MEMI in returning from the exploration program of 2012 with some DH core, are positioned for evaluation and potential exploitation pursuant to Deer Horn Metals Corp.’s efforts (details of which are available on their web site and corporate disclosure documents). Deer Horn Metals Corp. has fully earned 50% of the Deer Horn mineral claims with the remainder owned by Guardsmen Resources Inc. The original option agreement did provide for DHM to increase its ownership of the Deer Horn claims to 75% on the condition that the subject claims were placed into commercial production at Deer Horn’s expense. As mineral exploration/exploitation markets improve, DHC may attempt to proceed but will only earn an increased interest in the Deer Horn claims upon achievement of commercial production. In the meantime, our company is exploring any possible opportunities to monetize its 50% interest in the Deer Horn property. If commercial production were to be achieved then Guardsmen would own a 25% carried interest in the property.
Deerhorn Metals Website (link)