Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
DBV.v...Official 6 Bagger...Off the Dec Lows...Very nice action here....Up 108% so far on the weekly...nearing the 161.8% Fib level... congrats to all the longs here especially Farshad since he is the largest shareholder...hsb
http://stockcharts.com/h-sc/ui?s=DBV.V&p=W&yr=3&mn=0&dy=0&id=p72918830809&a=303556825&listNum=13
Read more at http://www.stockhouse.com/companies/bullboard/v.dbv/doubleview-capital-corp#xT7JpEQ2UVAfaASe.99
Stepped in as mod here while Doubloon is sailing the wild blue yonder...cheers...hsb
DBV.v GGI.v PGX.v discussed here...#hsb
http://www.bullmarketrun.com/?p=19413
BMR out with a special eAlert on DBV.v, GGI.v, & PGX.v ...fyi
We believe this is the most valuable information that we have ever provided to our BMR eAlert subscribers, so please take a few minutes to read and absorb this exclusive material as quickly as possible - you will be very glad you did. We've included a map to assist you with your own due diligence. The map will also give you a critically important visual understanding that words alone cannot fully communicate. We are stunned ourselves at certain aspects of what we're about to reveal.
The money-making possibilities are mind-boggling if this plays out the way we believe it could in the days, weeks and months ahead. Keep in mind, throughout B.C.'s prolific exploration history, new millionaires have been born with each of the numerous world class discoveries that have been made from Highland Valley to KSM to Eskay Creek to Red Chris. And all the evidence now suggests that another world class discovery is in the works in this mineral-rich province. Of course there are never any guarantees in the exploration business, but this opportunity is looking exceptionally promising right now - and speculation should only intensify. The "masses" haven't picked up on it yet.
Connecting The Dots & Cracking The Code
The "a-ha", "light bulb" moment when all the dots start connecting has just occurred with this particular situation, and hopefully our updated map and the information below will allow you to grasp the SCALE of what is now unfolding in the under-exploited northern portion of the Stikine belt, on trend with other massive deposits to the south and southeast. This is unlike anything we have seen since we started BMR nearly five years ago.
She's pregnant. Yes, she's REALLY pregnant and may give birth to quintuplets!
We're talking about northwest B.C.'s Sheslay Valley. Last week's new drilling discovery by Doubleview Capital Corp. (DBV, TSX-V) and fascinating NEW information just uncovered by BMRconcerning Teck Resources Ltd. (TCK, TSX) and its activity in this area sheds a whole new light on this emerging Cu-Au porphyry camp. What we envision at this point is Teck eventually swooping in and controlling this entire district. Just the possibility of such an event would have an enormous impact on the valuations of the three most active juniors there who collectively hold ground totaling nearly 300 sq. km.
Click on the link below to view our updated map to get the full context of what we're about to explain:
BMR Sheslay Valley Area Map
"All The Earmarks"
The Sheslay Valley has "all the earmarks" to rapidly develop into one of the top exploration stories in the entire country as at least three companies - Prosper Gold Corp. (PGX, TSX-V), Garibaldi Resources Corp. (GGI, TSX-V) and Doubleview gear up to conduct what should be simultaneous drill programs. And don't forget that one of the key geologists in this play (Dirk Tempelman-Kluit) made the multi-million ounce Gold discovery at Blackwater in 2009-2011 that took Richfield Ventures from pennies to more than $10 per share on a buy-out from New Gold Inc. (NGD, TSX). Some of the best geologists in the country are gathering and interpreting data. We can't help but think that they are highly impressed, if not astounded, by what they see.
Have we got your attention? We hope so, because new facts strongly suggest that the Sheslay Valley is on an incredible potential discovery scale - much greater than what we even first imagined.
We're not going to overwhelm you with massive amounts of information at this point. Right now, what's critical is for you to grasp the key points and appreciate the scale of this. We truly believe we have "cracked the code" in terms of the "big picture" of what's evolving here.
Key Takeaways
Quite simply, based on publicly available information that in some cases we've worked hard to dig up, and discussions with numerous individuals including geologists and prospectors - independent of Prosper Gold, Garibaldiand Doubleview - the Sheslay Valley district features a series of parallel trends and potential deposits that cover an area at least 30 km north-south and 20 km east-west. Yes, this trend covers at least 600 sq. km.
It all begins in the north on ground held by Prosper and Garibaldi. These parallel trends run southeasterly through Prosper's Sheslay Property (the most advanced in the district) and extend right through Doubleview's Hat Property and beyond. They cut through all of Garibaldi's massive Grizzly Property (GGI is the largest landholder among juniors in the district) and continue southward onto a 600 sq. km land package (the "Eagle Property") staked by Teck in 2011.
1. A "Major" Enters The Picture - And You Know What That Could Mean!
Assessment reports show that Teck has been far more active on its Eagle Property contiguous to the southern border of Garibaldi's Grizzly than almost anyone had previously believed, and what they have discovered are the same structures that have been identified to the north - the same geological and geophysical signatures, and southeast trending Copper-Gold mineralization from soil and rock sampling - over at least the northern half of the Eagle. This area, according to Teck, which runs for about 20 km north-south and approximately 15 km east-west, features a "distinctive gabbroic unit termed the Plateau Gabbro" which hosts most of the Copper-Gold mineralization observed on the property. In Teck's own words, "Most alkali porphyry districts (which is what this is) are characterized by multiple deposits and display strong structural controls."
2. Doubleview Connects 9 Km Away On Trend With Prosper's Sheslay System
Last week's drilling discovery by Doubleview on its Hat Property was a "game-changer" given the widely spaced drill holes that show size potential and increasing grades at depth, and the fact that this discovery is about 9 km southeast of the Star targetthat Prosper successfully drilled last August-September (they hit lengthy intersections and impressive grades that are even better than many of those seen at Teck's Schaft Creek deposit about 100 km to the south, and confirmed the remarkable Cu-Au consistency of about two dozen historical holes drilled at the Star).
The fact that DBV has hit 9 km southeast of the Star demonstrates the enormous potential scale of this area. As the company announced January 20, "On the basis of geological characteristics, mineralization and size potential, Doubleview believes that the Hat property qualifies as a Copper-Gold alkalic porphyry-type deposit." The more deposits throughout this district, of course, the better - improves the economics of any future major mining project.
3. Garibaldi Has "Multiple Targets Over a 15-km Corridor"
Garibaldi, which started exploring its Grizzly Property more than six years ago, has already reported that it has identified "multiple" Cu-Au porphyry targets over a 15-km "corridor" stretching from Grizzly West to Grizzly Central as it prepares for a first-ever drill program at this property. Four other critical factors concerning the Grizzly:
a) One school of thought is that the Kaketsa pluton, which rests mostly on the Grizzly in the northwest corner, has acted as a "heat engine", driving mineralizing fluids throughout the region. Fluids, by the way, are an absolute necessity for any world class porphyry system, and there is overwhelming evidence of robust "fluid throughput" in the Sheslay area;
b) An emerging theory is that the Grizzly Central area is a potential "feeder system" due in part to offset faulting. Garibaldihas reported an impressive "pipe-like" structure at Grizzly Central discovered through an IP survey (there could be more of these);
c) Prosper has reported that Pyrrhotite Creek appears to be located in a "second distinct multiple target area" (separate from the four porphyry bodies outlined to the north and east) featuring a large Copper-in-soil anomaly with associated elevated Molybdenum values. Pyrrhotite Creek fits perfectly within Garibaldi's 15-km "corridor" that trends to the southeast and contains targets with identical signatures to those observed at Pyrrhotite Creek;
d) The southernmost portion of the Grizzly - very under-explored - now has to be considered a "high potential" area given the widespread mineralization and favorable structures now known to exist on Teck's adjoining Eagle Property to the south.
4. Proper's Sheslay Property - Tremendous Tonnage Possibilities And Comparable Grades To Other World Class Regional Deposits
The most advanced property in the Sheslay district with the most drill holes is Prosper's Sheslay Project. The 40 or so holes drilled on this property, including six last summer at the Star target by Prosper after it acquired the option from Firesteel Resources (FTR, TSX-V), have shown amazing consistency in terms of both grade and intersection lengths. Mineralization is not restricted to specific rock types - the porphyry intrusives and bounding volcanic rocks are mineralized. Quite simply, you don't see these kind of drill results without a major deposit (or series of deposits) or an operating mine along this prolific belt. The Sheslay is a classic setting for all the great deposits in this region.
Four known porphyry bodies (there obviously could be more) are clustered within a 12 sq. km area on the Sheslay (Pyrrhotite Creek, as mentioned, appears to be a second distinct multiple target area that's connected with the parallel trend on the Grizzly). Keep in mind that the multi-billion tonne Schaft Creek project area covers 9 sq. km, and grades at the Sheslay appear to be higher.
The North Star and East Star are each about 800 metres to the north and east of the Star discovery, respectively, and have similar geophysical and geochemical signatures as the Star (only 20% of the Star has been drill-tested to date based on new data last fall). Mineralization is open in all directions, and if just these three "Stars" all connect - as seems very possible - back-of-the-envelope calculations show that this part of the Sheslay could easily contain in excess of one billion tonnes. But that could be just the tip of the iceberg given how "pregnant" Prosper's 68 sq. km property appears to be.
Prosper drilled over a relatively small footprint last summer to confirm historical results and test the depth potential of the Sheslay. They extended mineralization to depths never previously drilled at the property. They also demonstrated the impressive lateral potential of mineralization on the Sheslay through extensive geochemical and geophysical work. If their next round of drilling starts connecting on step-out drill holes, watch out.
5. Conclusion
We will be following this exciting Sheslay Valley story more aggressively than ever now that the dots are really starting to connect. For now, we'll give the final words to Tempelman-Kluit who selected the Sheslay Property for Prosper after performing due diligence on more than 150 other possible projects (that alone speaks volumes about the potential of this). Tempelman-Kluit's words to describe the geology of the Sheslay (BMR conducted an exclusive interview with him last September) apply to the entire surrounding area in our view.
"We've got the right rocks, we've got the right numbers in them. It's got the right system there, it's got great alteration, highly fractured, there's been a lot of fluid throughput. The rocks have been completely altered by that, they've been completely changed by that. Every alteration package that is classic in these situations we see - multiple generations of veining, multiple stages of alteration super-imposed on each other, and then the metal to go with it." - Dr. Dirk Tempelman-Kluit on the Sheslay.
Regards,
The BMR Team
www.BullMarketRun.com
Note: John and Jon both hold share positions in GGI. Jon also holds share positions in PGX and DBV.
BMR out with a special eAlert on DBV.v, GGI.v, & PGX.v ...fyi
We believe this is the most valuable information that we have ever provided to our BMR eAlert subscribers, so please take a few minutes to read and absorb this exclusive material as quickly as possible - you will be very glad you did. We've included a map to assist you with your own due diligence. The map will also give you a critically important visual understanding that words alone cannot fully communicate. We are stunned ourselves at certain aspects of what we're about to reveal.
The money-making possibilities are mind-boggling if this plays out the way we believe it could in the days, weeks and months ahead. Keep in mind, throughout B.C.'s prolific exploration history, new millionaires have been born with each of the numerous world class discoveries that have been made from Highland Valley to KSM to Eskay Creek to Red Chris. And all the evidence now suggests that another world class discovery is in the works in this mineral-rich province. Of course there are never any guarantees in the exploration business, but this opportunity is looking exceptionally promising right now - and speculation should only intensify. The "masses" haven't picked up on it yet.
Connecting The Dots & Cracking The Code
The "a-ha", "light bulb" moment when all the dots start connecting has just occurred with this particular situation, and hopefully our updated map and the information below will allow you to grasp the SCALE of what is now unfolding in the under-exploited northern portion of the Stikine belt, on trend with other massive deposits to the south and southeast. This is unlike anything we have seen since we started BMR nearly five years ago.
She's pregnant. Yes, she's REALLY pregnant and may give birth to quintuplets!
We're talking about northwest B.C.'s Sheslay Valley. Last week's new drilling discovery by Doubleview Capital Corp. (DBV, TSX-V) and fascinating NEW information just uncovered by BMRconcerning Teck Resources Ltd. (TCK, TSX) and its activity in this area sheds a whole new light on this emerging Cu-Au porphyry camp. What we envision at this point is Teck eventually swooping in and controlling this entire district. Just the possibility of such an event would have an enormous impact on the valuations of the three most active juniors there who collectively hold ground totaling nearly 300 sq. km.
Click on the link below to view our updated map to get the full context of what we're about to explain:
BMR Sheslay Valley Area Map
"All The Earmarks"
The Sheslay Valley has "all the earmarks" to rapidly develop into one of the top exploration stories in the entire country as at least three companies - Prosper Gold Corp. (PGX, TSX-V), Garibaldi Resources Corp. (GGI, TSX-V) and Doubleview gear up to conduct what should be simultaneous drill programs. And don't forget that one of the key geologists in this play (Dirk Tempelman-Kluit) made the multi-million ounce Gold discovery at Blackwater in 2009-2011 that took Richfield Ventures from pennies to more than $10 per share on a buy-out from New Gold Inc. (NGD, TSX). Some of the best geologists in the country are gathering and interpreting data. We can't help but think that they are highly impressed, if not astounded, by what they see.
Have we got your attention? We hope so, because new facts strongly suggest that the Sheslay Valley is on an incredible potential discovery scale - much greater than what we even first imagined.
We're not going to overwhelm you with massive amounts of information at this point. Right now, what's critical is for you to grasp the key points and appreciate the scale of this. We truly believe we have "cracked the code" in terms of the "big picture" of what's evolving here.
Key Takeaways
Quite simply, based on publicly available information that in some cases we've worked hard to dig up, and discussions with numerous individuals including geologists and prospectors - independent of Prosper Gold, Garibaldiand Doubleview - the Sheslay Valley district features a series of parallel trends and potential deposits that cover an area at least 30 km north-south and 20 km east-west. Yes, this trend covers at least 600 sq. km.
It all begins in the north on ground held by Prosper and Garibaldi. These parallel trends run southeasterly through Prosper's Sheslay Property (the most advanced in the district) and extend right through Doubleview's Hat Property and beyond. They cut through all of Garibaldi's massive Grizzly Property (GGI is the largest landholder among juniors in the district) and continue southward onto a 600 sq. km land package (the "Eagle Property") staked by Teck in 2011.
1. A "Major" Enters The Picture - And You Know What That Could Mean!
Assessment reports show that Teck has been far more active on its Eagle Property contiguous to the southern border of Garibaldi's Grizzly than almost anyone had previously believed, and what they have discovered are the same structures that have been identified to the north - the same geological and geophysical signatures, and southeast trending Copper-Gold mineralization from soil and rock sampling - over at least the northern half of the Eagle. This area, according to Teck, which runs for about 20 km north-south and approximately 15 km east-west, features a "distinctive gabbroic unit termed the Plateau Gabbro" which hosts most of the Copper-Gold mineralization observed on the property. In Teck's own words, "Most alkali porphyry districts (which is what this is) are characterized by multiple deposits and display strong structural controls."
2. Doubleview Connects 9 Km Away On Trend With Prosper's Sheslay System
Last week's drilling discovery by Doubleview on its Hat Property was a "game-changer" given the widely spaced drill holes that show size potential and increasing grades at depth, and the fact that this discovery is about 9 km southeast of the Star targetthat Prosper successfully drilled last August-September (they hit lengthy intersections and impressive grades that are even better than many of those seen at Teck's Schaft Creek deposit about 100 km to the south, and confirmed the remarkable Cu-Au consistency of about two dozen historical holes drilled at the Star).
The fact that DBV has hit 9 km southeast of the Star demonstrates the enormous potential scale of this area. As the company announced January 20, "On the basis of geological characteristics, mineralization and size potential, Doubleview believes that the Hat property qualifies as a Copper-Gold alkalic porphyry-type deposit." The more deposits throughout this district, of course, the better - improves the economics of any future major mining project.
3. Garibaldi Has "Multiple Targets Over a 15-km Corridor"
Garibaldi, which started exploring its Grizzly Property more than six years ago, has already reported that it has identified "multiple" Cu-Au porphyry targets over a 15-km "corridor" stretching from Grizzly West to Grizzly Central as it prepares for a first-ever drill program at this property. Four other critical factors concerning the Grizzly:
a) One school of thought is that the Kaketsa pluton, which rests mostly on the Grizzly in the northwest corner, has acted as a "heat engine", driving mineralizing fluids throughout the region. Fluids, by the way, are an absolute necessity for any world class porphyry system, and there is overwhelming evidence of robust "fluid throughput" in the Sheslay area;
b) An emerging theory is that the Grizzly Central area is a potential "feeder system" due in part to offset faulting. Garibaldihas reported an impressive "pipe-like" structure at Grizzly Central discovered through an IP survey (there could be more of these);
c) Prosper has reported that Pyrrhotite Creek appears to be located in a "second distinct multiple target area" (separate from the four porphyry bodies outlined to the north and east) featuring a large Copper-in-soil anomaly with associated elevated Molybdenum values. Pyrrhotite Creek fits perfectly within Garibaldi's 15-km "corridor" that trends to the southeast and contains targets with identical signatures to those observed at Pyrrhotite Creek;
d) The southernmost portion of the Grizzly - very under-explored - now has to be considered a "high potential" area given the widespread mineralization and favorable structures now known to exist on Teck's adjoining Eagle Property to the south.
4. Proper's Sheslay Property - Tremendous Tonnage Possibilities And Comparable Grades To Other World Class Regional Deposits
The most advanced property in the Sheslay district with the most drill holes is Prosper's Sheslay Project. The 40 or so holes drilled on this property, including six last summer at the Star target by Prosper after it acquired the option from Firesteel Resources (FTR, TSX-V), have shown amazing consistency in terms of both grade and intersection lengths. Mineralization is not restricted to specific rock types - the porphyry intrusives and bounding volcanic rocks are mineralized. Quite simply, you don't see these kind of drill results without a major deposit (or series of deposits) or an operating mine along this prolific belt. The Sheslay is a classic setting for all the great deposits in this region.
Four known porphyry bodies (there obviously could be more) are clustered within a 12 sq. km area on the Sheslay (Pyrrhotite Creek, as mentioned, appears to be a second distinct multiple target area that's connected with the parallel trend on the Grizzly). Keep in mind that the multi-billion tonne Schaft Creek project area covers 9 sq. km, and grades at the Sheslay appear to be higher.
The North Star and East Star are each about 800 metres to the north and east of the Star discovery, respectively, and have similar geophysical and geochemical signatures as the Star (only 20% of the Star has been drill-tested to date based on new data last fall). Mineralization is open in all directions, and if just these three "Stars" all connect - as seems very possible - back-of-the-envelope calculations show that this part of the Sheslay could easily contain in excess of one billion tonnes. But that could be just the tip of the iceberg given how "pregnant" Prosper's 68 sq. km property appears to be.
Prosper drilled over a relatively small footprint last summer to confirm historical results and test the depth potential of the Sheslay. They extended mineralization to depths never previously drilled at the property. They also demonstrated the impressive lateral potential of mineralization on the Sheslay through extensive geochemical and geophysical work. If their next round of drilling starts connecting on step-out drill holes, watch out.
5. Conclusion
We will be following this exciting Sheslay Valley story more aggressively than ever now that the dots are really starting to connect. For now, we'll give the final words to Tempelman-Kluit who selected the Sheslay Property for Prosper after performing due diligence on more than 150 other possible projects (that alone speaks volumes about the potential of this). Tempelman-Kluit's words to describe the geology of the Sheslay (BMR conducted an exclusive interview with him last September) apply to the entire surrounding area in our view.
"We've got the right rocks, we've got the right numbers in them. It's got the right system there, it's got great alteration, highly fractured, there's been a lot of fluid throughput. The rocks have been completely altered by that, they've been completely changed by that. Every alteration package that is classic in these situations we see - multiple generations of veining, multiple stages of alteration super-imposed on each other, and then the metal to go with it." - Dr. Dirk Tempelman-Kluit on the Sheslay.
Regards,
The BMR Team
www.BullMarketRun.com
Note: John and Jon both hold share positions in GGI. Jon also holds share positions in PGX and DBV.
BMR out with a special eAlert on DBV.v, GGI.v, & PGX.v ...fyi
We believe this is the most valuable information that we have ever provided to our BMR eAlert subscribers, so please take a few minutes to read and absorb this exclusive material as quickly as possible - you will be very glad you did. We've included a map to assist you with your own due diligence. The map will also give you a critically important visual understanding that words alone cannot fully communicate. We are stunned ourselves at certain aspects of what we're about to reveal.
The money-making possibilities are mind-boggling if this plays out the way we believe it could in the days, weeks and months ahead. Keep in mind, throughout B.C.'s prolific exploration history, new millionaires have been born with each of the numerous world class discoveries that have been made from Highland Valley to KSM to Eskay Creek to Red Chris. And all the evidence now suggests that another world class discovery is in the works in this mineral-rich province. Of course there are never any guarantees in the exploration business, but this opportunity is looking exceptionally promising right now - and speculation should only intensify. The "masses" haven't picked up on it yet.
Connecting The Dots & Cracking The Code
The "a-ha", "light bulb" moment when all the dots start connecting has just occurred with this particular situation, and hopefully our updated map and the information below will allow you to grasp the SCALE of what is now unfolding in the under-exploited northern portion of the Stikine belt, on trend with other massive deposits to the south and southeast. This is unlike anything we have seen since we started BMR nearly five years ago.
She's pregnant. Yes, she's REALLY pregnant and may give birth to quintuplets!
We're talking about northwest B.C.'s Sheslay Valley. Last week's new drilling discovery by Doubleview Capital Corp. (DBV, TSX-V) and fascinating NEW information just uncovered by BMRconcerning Teck Resources Ltd. (TCK, TSX) and its activity in this area sheds a whole new light on this emerging Cu-Au porphyry camp. What we envision at this point is Teck eventually swooping in and controlling this entire district. Just the possibility of such an event would have an enormous impact on the valuations of the three most active juniors there who collectively hold ground totaling nearly 300 sq. km.
Click on the link below to view our updated map to get the full context of what we're about to explain:
BMR Sheslay Valley Area Map
"All The Earmarks"
The Sheslay Valley has "all the earmarks" to rapidly develop into one of the top exploration stories in the entire country as at least three companies - Prosper Gold Corp. (PGX, TSX-V), Garibaldi Resources Corp. (GGI, TSX-V) and Doubleview gear up to conduct what should be simultaneous drill programs. And don't forget that one of the key geologists in this play (Dirk Tempelman-Kluit) made the multi-million ounce Gold discovery at Blackwater in 2009-2011 that took Richfield Ventures from pennies to more than $10 per share on a buy-out from New Gold Inc. (NGD, TSX). Some of the best geologists in the country are gathering and interpreting data. We can't help but think that they are highly impressed, if not astounded, by what they see.
Have we got your attention? We hope so, because new facts strongly suggest that the Sheslay Valley is on an incredible potential discovery scale - much greater than what we even first imagined.
We're not going to overwhelm you with massive amounts of information at this point. Right now, what's critical is for you to grasp the key points and appreciate the scale of this. We truly believe we have "cracked the code" in terms of the "big picture" of what's evolving here.
Key Takeaways
Quite simply, based on publicly available information that in some cases we've worked hard to dig up, and discussions with numerous individuals including geologists and prospectors - independent of Prosper Gold, Garibaldiand Doubleview - the Sheslay Valley district features a series of parallel trends and potential deposits that cover an area at least 30 km north-south and 20 km east-west. Yes, this trend covers at least 600 sq. km.
It all begins in the north on ground held by Prosper and Garibaldi. These parallel trends run southeasterly through Prosper's Sheslay Property (the most advanced in the district) and extend right through Doubleview's Hat Property and beyond. They cut through all of Garibaldi's massive Grizzly Property (GGI is the largest landholder among juniors in the district) and continue southward onto a 600 sq. km land package (the "Eagle Property") staked by Teck in 2011.
1. A "Major" Enters The Picture - And You Know What That Could Mean!
Assessment reports show that Teck has been far more active on its Eagle Property contiguous to the southern border of Garibaldi's Grizzly than almost anyone had previously believed, and what they have discovered are the same structures that have been identified to the north - the same geological and geophysical signatures, and southeast trending Copper-Gold mineralization from soil and rock sampling - over at least the northern half of the Eagle. This area, according to Teck, which runs for about 20 km north-south and approximately 15 km east-west, features a "distinctive gabbroic unit termed the Plateau Gabbro" which hosts most of the Copper-Gold mineralization observed on the property. In Teck's own words, "Most alkali porphyry districts (which is what this is) are characterized by multiple deposits and display strong structural controls."
2. Doubleview Connects 9 Km Away On Trend With Prosper's Sheslay System
Last week's drilling discovery by Doubleview on its Hat Property was a "game-changer" given the widely spaced drill holes that show size potential and increasing grades at depth, and the fact that this discovery is about 9 km southeast of the Star targetthat Prosper successfully drilled last August-September (they hit lengthy intersections and impressive grades that are even better than many of those seen at Teck's Schaft Creek deposit about 100 km to the south, and confirmed the remarkable Cu-Au consistency of about two dozen historical holes drilled at the Star).
The fact that DBV has hit 9 km southeast of the Star demonstrates the enormous potential scale of this area. As the company announced January 20, "On the basis of geological characteristics, mineralization and size potential, Doubleview believes that the Hat property qualifies as a Copper-Gold alkalic porphyry-type deposit." The more deposits throughout this district, of course, the better - improves the economics of any future major mining project.
3. Garibaldi Has "Multiple Targets Over a 15-km Corridor"
Garibaldi, which started exploring its Grizzly Property more than six years ago, has already reported that it has identified "multiple" Cu-Au porphyry targets over a 15-km "corridor" stretching from Grizzly West to Grizzly Central as it prepares for a first-ever drill program at this property. Four other critical factors concerning the Grizzly:
a) One school of thought is that the Kaketsa pluton, which rests mostly on the Grizzly in the northwest corner, has acted as a "heat engine", driving mineralizing fluids throughout the region. Fluids, by the way, are an absolute necessity for any world class porphyry system, and there is overwhelming evidence of robust "fluid throughput" in the Sheslay area;
b) An emerging theory is that the Grizzly Central area is a potential "feeder system" due in part to offset faulting. Garibaldihas reported an impressive "pipe-like" structure at Grizzly Central discovered through an IP survey (there could be more of these);
c) Prosper has reported that Pyrrhotite Creek appears to be located in a "second distinct multiple target area" (separate from the four porphyry bodies outlined to the north and east) featuring a large Copper-in-soil anomaly with associated elevated Molybdenum values. Pyrrhotite Creek fits perfectly within Garibaldi's 15-km "corridor" that trends to the southeast and contains targets with identical signatures to those observed at Pyrrhotite Creek;
d) The southernmost portion of the Grizzly - very under-explored - now has to be considered a "high potential" area given the widespread mineralization and favorable structures now known to exist on Teck's adjoining Eagle Property to the south.
4. Proper's Sheslay Property - Tremendous Tonnage Possibilities And Comparable Grades To Other World Class Regional Deposits
The most advanced property in the Sheslay district with the most drill holes is Prosper's Sheslay Project. The 40 or so holes drilled on this property, including six last summer at the Star target by Prosper after it acquired the option from Firesteel Resources (FTR, TSX-V), have shown amazing consistency in terms of both grade and intersection lengths. Mineralization is not restricted to specific rock types - the porphyry intrusives and bounding volcanic rocks are mineralized. Quite simply, you don't see these kind of drill results without a major deposit (or series of deposits) or an operating mine along this prolific belt. The Sheslay is a classic setting for all the great deposits in this region.
Four known porphyry bodies (there obviously could be more) are clustered within a 12 sq. km area on the Sheslay (Pyrrhotite Creek, as mentioned, appears to be a second distinct multiple target area that's connected with the parallel trend on the Grizzly). Keep in mind that the multi-billion tonne Schaft Creek project area covers 9 sq. km, and grades at the Sheslay appear to be higher.
The North Star and East Star are each about 800 metres to the north and east of the Star discovery, respectively, and have similar geophysical and geochemical signatures as the Star (only 20% of the Star has been drill-tested to date based on new data last fall). Mineralization is open in all directions, and if just these three "Stars" all connect - as seems very possible - back-of-the-envelope calculations show that this part of the Sheslay could easily contain in excess of one billion tonnes. But that could be just the tip of the iceberg given how "pregnant" Prosper's 68 sq. km property appears to be.
Prosper drilled over a relatively small footprint last summer to confirm historical results and test the depth potential of the Sheslay. They extended mineralization to depths never previously drilled at the property. They also demonstrated the impressive lateral potential of mineralization on the Sheslay through extensive geochemical and geophysical work. If their next round of drilling starts connecting on step-out drill holes, watch out.
5. Conclusion
We will be following this exciting Sheslay Valley story more aggressively than ever now that the dots are really starting to connect. For now, we'll give the final words to Tempelman-Kluit who selected the Sheslay Property for Prosper after performing due diligence on more than 150 other possible projects (that alone speaks volumes about the potential of this). Tempelman-Kluit's words to describe the geology of the Sheslay (BMR conducted an exclusive interview with him last September) apply to the entire surrounding area in our view.
"We've got the right rocks, we've got the right numbers in them. It's got the right system there, it's got great alteration, highly fractured, there's been a lot of fluid throughput. The rocks have been completely altered by that, they've been completely changed by that. Every alteration package that is classic in these situations we see - multiple generations of veining, multiple stages of alteration super-imposed on each other, and then the metal to go with it." - Dr. Dirk Tempelman-Kluit on the Sheslay.
Regards,
The BMR Team
www.BullMarketRun.com
Note: John and Jon both hold share positions in GGI. Jon also holds share positions in PGX and DBV.
strong close, up 125%.. this is a mine with those type of returns, the float is low and the company has the backing of major players. Nice to find one at the ground floor.
DBV.v strenthening here facing .17(+100%) on the day...congrats to those who took a piece of this one down below...hsb
DBV.v News Out...hsb
Doubleview Capital Corp. Announces Drill Results
V.DBV | 21 minutes ago
(via Thenewswire.ca)
Doubleview Capital Corp. drill results reveal discovery of a strong copper-gold mineralized alkalic porphyry-type deposit at its Sheslay area Hat Property. A drill hole returned 313.11 metres of 0.32% CuEq, including 61.08 metres of 0.52% CuEq and 51.82 metres of 0.62% CuEq.
Doubleview Capital Corp. ("Doubleview") ("the Company") (TSX-V: DBV) announces preliminary assay results from the recently completed program of diamond drilling on the 3561 hectare Hat Property located near Sheslay in the Stikine Mining District of northwest British Columbia. Of particular significance are assays from drill hole H-8: 287.13 metres (942.02 ft) with 0.29% CuEq ("equivalent"), including 37.25 metres with 0.53% CuEq, 15.8 metres with 0.97% CuEq and 79.83 metres with 0.44% CuEq and all of drill hole H-11 that starting from surface returned 313.11 metres (1027.3 ft) with 0.32% CuEq, including 61.08 metres with 0.52% CuEq (including 21.34 metres of 1.05 % CuEq), and 51.82 metres with 0.62% CuEq. Drill Holes H-8 and H-11 ended in Copper Mineralization and on the basis of geological characteristics, mineralization and size potential, Doubleview believes that the Hat property qualifies as a "copper-gold alkalic porphyry"-type deposit.
Doubleview holds an option to acquire a 100% interest in the Hat Project, subject to a 2% net smelter return royalty.
The Hat property is an early-stage exploration project located in the emerging Stikine mining district that includes the Red Chris operating copper-gold-silver mine and the Copper Fox (Schaft Creek), Novagold (Galore Creek), and Capstone (Kutcho) deposits. Other world-class mineral deposits in northwest British Columbia include those of Pretium Resources Inc. and Seabridge Gold Inc. The Northwest Transmission Line and Forrest Kerr hydroelectric developments, both of which are currently under construction, are bringing much needed infrastructure and robust economic opportunities to that part of the province.
Drill hole details are included in the following tabulation:
------------------------------------------------------------------
|Drill Hole|Easting|Northing|Direction|Dip |Length |# of Samples|
| |(m) NAD|(m) NAD | | | | |
| |83 |83 | | | | |
|----------------------------------------------------------------|
|H-7 |348105 |6454195 |Due South|-50°|230.7 m |77 |
| | | |(180° | | | |
| | | |az.) | | | |
|----------------------------------------------------------------|
|H-8 |348104 |6454196 |Westerly |-55°|404.4 m |150 |
| | | |(260° | | | |
| | | |az.) | | | |
|----------------------------------------------------------------|
|H-9 |348104 |6454196 |Easterly |-60°|300.8 m |47 |
| | | |(088° | | | |
| | | |az.) | | | |
|----------------------------------------------------------------|
|H-10* |348104 |6454196 |Easterly |-50°| 21.6 |7 |
| | | |(088° | |m | |
| | | |az.) | | | |
|----------------------------------------------------------------|
|H-11 |347850 |6454300 |Due South|-55°|319.1 m |108 |
| | | |(180° | | | |
| | | |az.) | | | |
|----------------------------------------------------------------|
| | | | | |1276.6 m|389 |
------------------------------------------------------------------
*H-10 - short hole to sample very broken ground in topmost part of H-9.
Significant drill hole intercepts are presented in the following tabulation:
---------------------------------------------------------------------
|DH-ID | |From (m)|To (m)|Length* |Cu (%)|Au |Ag |CuEq**|
| | | | |(m) | |(g/t)|(g/t)|(%) |
|-------------------------------------------------------------------|
|HAT-07| |72.13 |75.13 |3.00 |0.02 |0.77 |0.00 |0.44 |
|-------------------------------------------------------------------|
|HAT-07| |209.00 |213.00|4.00 |0.27 |0.16 |0.35 |0.36 |
|-------------------------------------------------------------------|
|HAT-08| |113.57 |400.70|287.13 |0.18 |0.21 |0.42 |0.30 |
|-------------------------------------------------------------------|
| |Including|113.57 |193.40|79.83 |0.22 |0.39 |0.59 |0.44 |
|------| |--------------------------------------------------|
| | |177.60 |193.40|15.80 |0.50 |0.86 |0.88 |0.98 |
|------| |--------------------------------------------------|
| | |325.75 |400.70|74.95 |0.31 |0.22 |0.91 |0.44 |
|------| |--------------------------------------------------|
| | |389.00 |404.40|15.40 |0.41 |0.31 |0.81 |0.59 |
|-------------------------------------------------------------------|
|HAT-09| |5.18 |17.37 |12.19***|1.41 |2.96 |12.93|3.14 |
|-------------------------------------------------------------------|
| | |17.37 |78.33 |60.96 |0.03 |0.10 |0.18 |0.09 |
|-------------------------------------------------------------------|
|HAT-11| |6.00 |319.11|313.11 |0.22 |0.18 |0.85 |0.32 |
|-------------------------------------------------------------------|
| |Including|50.78 |111.86|61.08 |0.37 |0.24 |1.63 |0.52 |
|------| |--------------------------------------------------|
| | |90.52 |111.86|21.34 |0.78 |0.43 |3.43 |1.05 |
|------| |--------------------------------------------------|
| | |181.96 |319.11|137.15 |0.25 |0.26 |0.85 |0.40 |
|------| |--------------------------------------------------|
| | |200.24 |299.08|98.84 |0.28 |0.30 |0.82 |0.45 |
|------| |--------------------------------------------------|
| | |258.15 |309.97|51.82 |0.42 |0.34 |1.56 |0.62 |
---------------------------------------------------------------------
[*Lengths as shown do not necessarily represent true thicknesses . Insufficient work has been completed to enable determination of true thicknesses.]
**The % copper equivalent estimate was based on copper, gold and silver values and metal prices and does not make any provision for metallurgical recoveries for the metals. The formula used to calculate copper equivalent values is: %CuEq = [Cu% + (Au g/t*0.5452) + (Ag g/t*0.0088]: using metal prices as of 17/01/2014. Silver values are only included for samples analysed by four-acid digestion/ICP-ES preparation method with detection limit of 0.5 ppm Ag: aqua regia digestion/ICP-MS method has 2 g/tonne silver detection limit.
***These values are suspect due to poor core recovery and should not be relied upon in any evaluation of the Hat property; they may represent surface enrichment or contamination by materials transported downslope from some part of Anomaly E where geochemical soil samples have strongly elevated copper and gold in soil values.]
Drill Plans are posted on the website of the Company at:
http://www.doubleview.ca/hat-project-discovery-maps/
Discussion:
The Company's geological consultant advises that the recently completed drilling program successfully demonstrated the continuity of copper-gold mineralization related to Anomaly B, with mineralization present in multiple zones and has not shown any limits of mineralization but there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in definition of a mineral resource. The vertical extent of the mineralization is unknown but drill hole H-8 ended in strong copper-gold mineralization at more than 330 metres below surface and drill hole H-11 was completed in similar mineralization at more than 260 metres below surface. The horizontal distance from mineral zones in drill hole H-6 to drill hole H-8 is almost one kilometre. Speculatively, if the newly discovered mineral zone is, as appears likely, continuous with the historic Hoey copper-gold zone that lies 2 kilometres south of the drill hole H-8 and has closely similar geologic and mineralogic characteristics, the horizontal extent may be in excess of three kilometres.
Sulphide mineralization in the form of pyrite and chalcopyrite was encountered in all Hat property drill holes. Pyrite may occur alone but also is closely associated with chalcopyrite. Significant gold values accompany copper-rich sections and also occur in sections without significant copper values. Magnetite appears to be developed as part of a regional alteration event and by itself is not a reliable guide to copper and gold mineralization.
All Hat property drill holes passed through Late Triassic age Stuhini formation andesitic flows and tuffs and coeval iron-rich gabbroic intrusive rocks and all rocks, with the exception of a few apparently much younger dykes, are variably altered with development of chlorite, magnetite and, less frequently, biotite. The Stuhini formation is host to several important mineral deposits in the Stikine District.
The May and June, 2013 initial six drill hole, 1380 metre (4528 feet), diamond drilling program on the Hat Property validated historic property data, including geochemical and geophysical surveys, and confirmed the presence of important copper-gold mineralization related to strong induced polarization (IP) chargeability anomalies. Drill hole H-6 of that program intersected 110.1 metres with 0.21% copper and 0.15 grams per tonne gold (see News Release dated July 11, 2013). A second phase of drilling commenced in mid-October immediately after completion of a 15 line-km induced polarization (IP) geophysical survey that provided additional chargeability and resistivity data in the area of previously identified geophysical anomalies. Those data were reviewed by the Company's management and consultants who then recommended follow-up investigation by drilling of several areas with strongly anomalous chargeability readings. Areas were prioritized with emphasis on those that have anomalous geophysical data coincident with strongly anomalous geochemical soil survey data.
The second phase of diamond drilling comprised five drill holes with total length 1276.6 metres (4188.5 ft). All drill holes were directed to central and eastern parts of "Anomaly B", a large (1390 m by 520 m) geophysical anomaly the western part of which was also investigated by drill hole H-6 (see above). Work continued until the end of November when severe winter conditions forced closure of operations.
Four other areas with similarly strong geophysical and geochemical characteristics, including two areas with copper mineralization and gold values in surface outcrops, have not been tested by drilling (see News Release dated October 17, 2013). Company personnel have recently discovered strong Copper-Gold mineralization in outcrops that are coincident with the strongest chargeability (IP) readings from the 2013 geophysical survey. A grab sample assayed 0.421% Cu and 0.418ppm Au. The area, designated "Anomaly C", has not been tested by drilling and there is no assurance that the area is host to mineralization similar to that present in the "Anomaly B" area.
Doubleview Capital's management and consultants currently are planning the early 2014 program of work for the Hat property. Further exploration will be directed to the above-referenced 'Anomaly B' mineral zone, Anomaly C, and to other similar targeted areas.
Quality Control:
Cores were examined by the Company's consulting geologist who recorded details of rock types, alteration and mineralization and then supervised preparation of samples. Sample intervals were determined by variations in alteration and mineralization, with almost all samples having sample lengths of three metres (9.84 feet) or less. Drill intersections are reported as drilled thicknesses and true thicknesses cannot be determined from available data. Core samples were conveyed securely by Company personnel to an independent ISO 9001:2008 accredited analytical laboratory where samples were processed by industry standard procedures. Samples were crushed and split and a 250 gram portion was then pulverized to 85% passing a 200 mesh screen. A 0.5 gram portion was digested in hot aqua regia followed by determination of 24 elements by induced coupled plasma ignition and emission spectrometry (ICP-ES). Gold values were obtained from 30 gram portions by fire assay methods with atomic absorption finish. Certain core samples were also processed by four-acid digestion followed by ICP-ES determination of 35 elements. Further QA/QC procedures were observed, with insertion of standard samples in the batches of core samples and the laboratory provided data from replicate pulp and reject samples and its own internal standard samples. In addition, certain sample pulps were delivered to a second independent accredited analytical laboratory where they were analysed by similar industry-standard methods. The Company believes that the analytical data provided by the laboratories are acceptable for purposes of evaluating the Hat property.
Farshad Shirvani, President and CEO of Doubleview, advises that commencing in early 2014 the Company intends to aggressively explore the Hat property with the objective of further defining the newly discovered mineral zone and initiating work on other exploration targets identified by geochemical and geophysical surveys. Details of the 2014 program of work are being finalized and financing options are being considered.
Disclosure
Erik A. Ostensoe, P. Geo, a consulting geologist and Doubleview's Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects with respect to the Hat Project, has reviewed and approved the technical disclosure of this news release. Mr. Ostensoe is not independent of Doubleview as he is a shareholder and is a co-optionor of the Hat Project.
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada and is publicly traded on the TSX-Venture Exchange [TSX.V:DBV]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia, Canada. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.
Forward-looking Information
All statements in this news release, other than statements of historical fact, are 'forward-looking' with respect to Doubleview Capital Corp. within the meaning of applicable securities laws. Forward-looking information is not a guarantee of future performance and may be based on assumptions, factors and events that are independent of Doubleview and there is no assurance that any or all of the planned activities of the Company will be realized.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Copyright (c) 2014 TheNewswire - All rights reserved.
TheNewsWire
January 20, 2014 - 9:07 AM EST
Tags: INDUSTRIAL METALS & MINERALS
Read more at http://www.stockhouse.com/news/press-releases/2014/01/20/doubleview-capital-corp-announces-drill-results#3dSjzfhkQl3ZAyyi.99
BMR out with some coverage on DBV.v and the entire Sheslay camp...hsb
January 19, 2014
Doubleview Capital And The Expectations Game
As regular BMR readers know, the under-exploited Sheslay Valley in northwest B.C. is our pick to emerge as one of the hottest exploration camps in Canada in 2014 and a potential new world-class Copper-Gold porphyry district (see map below). We don’t state that lightly – it’s a well thought-out conclusion and “forward thinking” based on literally hundreds of hours of research over the last 8 months that our team has put into this very special geological part of the province. We’ve carried out this work for one simple reason: We’re looking ahead and we see the potential for extraordinary investment returns associated with this play over the next year, especially with the Venture beginning its recovery out of a nasty 3-year bear market. The best time to jump into opportunities such as this is at the bottom of the cycle when many investors are so battered, bruised and negative, they can’t see the forest for the trees.
Sheslay Valley Still Undiscovered By Most Investors
We reckon that most junior resource investors around the world have never even heard of the Sheslay Valley yet, even though it’s a key part of the prolific Stikine Arch and right on trend with massive deposits to the southeast. This should change in the coming months – certainly by the summer – as Prosper Gold Corp. (PGX, TSX-V) “turns up the dial” with extensive drilling at its Sheslay Project to follow up on VERY promising results obtained last summer and early fall, while Garibaldi Resources (GGI, TSX-V) – the largest landholder among juniors in the Sheslay whose stock price has more than doubled since we first brought the company to our readers’ attention last June – launches an assault on its 175 sq. km Grizzly Property. The Grizzly has never been drill-tested but has multiple targets over a 15-km northeast-trending corridor. As investors await news from GGI on the Grizzly (we suspect they are working on a major geological interpretation based on extensive historical and current data from their own recent exploration plus results obtained from adjoining properties), the company does hold a distinctive advantage over its Sheslay peers at the moment due to its current active drilling and exploration programs in Mexico where opportunities for success are significant and growing as evidenced by news the other day.
In our reporting on the Sheslay district, our focus has mainly been on Prosper Gold and Garibaldi due to their strong balance sheets and highly-skilled management and geological teams. These two companies have the strength to immediately take their respective opportunities in the Sheslay district to the next level, though they’re not expected to have boots back on the ground until the spring. The third major player (among juniors) in the Sheslay area is Doubleview Capital Corp. (DBV, TSX-V) which is weak financially, and short of the scope of personnel experience and talent that PGX and GGI bring to the table, but DBV wins points for working hard trying to demonstrate that its Hat Property (contiguous to both the Sheslay and the Grizzly) has the potential for a deposit as well. The Hat has been explored intermittently for decades but had never been drilled until last year by Doubleview.
Sheslay Valley Area Map - Potential Large-Scale Cu-Au Porphyry District
Sheslay Valley Area Map - this is taken from the Garibaldi web site, and we've added in the approximate location of Anomaly "B" at the Hat, and a few other features including dotted lines to indicate potential northeast trending structures.
Prosper’s Advanced-Stage Sheslay Project
The “Star” is just one of several Cu-Au porphyry targets at Prosper’s Sheslay, and the consistency of mineralization in 29 holes drilled to date at the Star – 23 historically and 6 by Prosper – is nothing short of remarkable in terms of intersection lengths and grades. The numbers are comparable to economic Cu-Au porphyry deposits elsewhere in B.C. and around the globe – investors have to understand that as long as there’s tonnage, grades of 0.30% Cu with a Gold “kick” can produce a robust mine. There was a reason Pete Bernier and award-winning geologist Dirk Tempelman-Kluit selected the Sheslay over about 150 other properties they performed due diligence on following their huge success with Richfield Ventures (Blackwater discovery) which went from pennies to more than $10 a share on a take-out by New Gold Inc. (NGD, TSX).
All the work carried out by Prosper last summer and fall strongly suggests that the Star target has an excellent chance of connecting with the North Star, and perhaps other targets (known and yet to be discovered?) on the 65 sq. km property. Four targets (Star, North Star, East Star and Copper Creek) are clustered within a 12 sq. km area. Meanwhile, the Pyrrhotite Creek porphyry – nearly 5 km SW of the Star – is located in a second distinct multiple target area that also appears to encompasses a significant portion of Garibaldi’s Grizzly Property which also hosts much of the Mount Kaketsa pluton believed to be an important “heat engine” for the area.
In fact, Garibaldi stated in a news release Sept. 30, “A preliminary review of the combined data confirms that the rock units underlying the Grizzly extend north on to the Sheslay property, and shows two parallel faults (extending 15 kilometres from Grizzly West to Grizzly Central) that appear to be related to porphyry Copper-Gold occurrences on Sheslay and Grizzly West. Additional processing of the data is continuing…”
Doubleview’s Work At The Hat
Late last spring, Doubleview drilled 6 holes at its Hat Property – 5 of them into Anomaly “A” and the last one (hole #6) into Anomaly “B” (they have several anomaly targets) located about 800 metres south. Results from Anomaly “A” were disappointing but that area warrants further study. The 6th hole was drilled into the western edge of Anomaly “B” and returned an interesting 110 m interval grading 0.21% Cu and 0.15 g/t Au. The company raised more funds and drilled another 5 holes into Anomaly “B” beginning at the end of October. Drill results are pending, and the stock was halted just before the open Friday morning. Undoubtedly, numbers are on the way as early as tomorrow.
Hat Holes – 8 km SE of Star Target
Keep in mind, for scale purposes, that these latest 5 holes at the Hat were drilled a whopping 8 km (8,000 m) southeast of Prosper’s Star target. They weren’t “confirmation” holes like Prosper drilled at the Star. This is basically virgin ground requiring much more interpretation and work, though the 1 hole drilled last spring was a clue that something could be there. But we caution that the odds of a “glory hole” at this stage are very slim. Our hope is that Doubleview has found enough reasons for more hope, that they’ve been able to at least confirm or modestly improve on the results from the 1 hole drilled so far at Anomaly “B”. That’s our measuring stick – a little bit of progression. Overall investor expectations are low, which is probably good – DBV last traded at a mere 8 cents.
The Hat is certainly a very prospective property. We don’t say this out of any disrespect to Doubleview or its President, Farshad Shirvani, but in the hands of another company with greater resources – technically and financially – the probability of defining a large tonnage deposit at the Hat would increase substantially in our view.
However, if our theory about the geological potential of the entire Sheslay district holds any merit, if we’re on the right track with how we’re interpreting this, then DBV should have something to offer investors – not anything spectacular, but at least enough to warrant further drilling and create the possibility of a “Hat Trick” in the Sheslay district this summer – 3 simultaneous drill programs (Prosper, Garibaldi, Doubleview) which could really heat things up.
http://www.bullmarketrun.com/?p=19048
Monday morning news and 6 of the largest Vancouver Brokers backing this one, I think they are working the phones Monday and my unofficial target (WAG) is .30 on good results..
Monday morning news and 6 of the largest Vancouver Brokers backing this one, I think they are working the phones Monday and my unofficial target (WAG) is .30 on good results..
Want to venture a guess at which one, Doubloon?
I find it strange they halted this for an entire day, which could mean one of two things
1. they thought there was a leak and wanted to stop trading
2. they've got chitty results and want to release after market close on a Friday so they could skip town...
US Markets closed Monday so can you buy from an American account if you have world access??
Trading Halt pending news!!! This is what we have been waiting for
The following issues have been halted by IIROC:
Company: Doubleview Capital Corp.
TSX-Venture Symbol: DBV
Reason: At the Request of the Company Pending News
Halt Time (ET): 09:29 AM
As this company winds up for it's drill result announcement the current increase in price is indicative of what they will find. This company is well connected to 6 very large brokerages in Vancouver and they constantly support each other.
I am expecting about a .30 price per share once the news is out and depending on the market conditions it could go up or down from there. Everything depends on the grade of the deposit but word from the boardroom is that it will be very good results... retail investors are always the last to know.
yes drill results within the next two weeks, may be even next week, the CEO would only say that they were good results.
Conversation with Farshad the CEO this morning and the final hole has been drilled and the drill cores have been sent off to the assay office today. At this point they are expecting results to be back the first week of January.. I could not get a read on him on how the cores looked (Farshad is a geologist and he was at the site during core extraction) being very tight lipped about the results however he did have a calm demeanor which would be hard to have if he had just wasted all of his working capital on nothing.. remains to be seen. There has been some selling but it's all retail lunchbox sells, no one with any size is bailing here and there are some geologists that put up some cash into the drill program too and they seem to be holding tight.
Grabbed a few more this morning, too bad they do not have a US ticker so most people in the US will not be apart of what is happening here..I am buying this through Fidelity and have the world trade add-on to my account. Float is tiny tiny, no problems with this company raising money ... those with the cash are in the know... drill results will be in Santa's sleigh
The fourth hole is being drilled now, we should be getting results from the first three within a couple of weeks I would think(hope)
Unofficial rumor is that it will be good news.
How are things going here, Doubloon? Any updated opinions?
Nov 15, 2013 (ACCESSWIRE via COMTEX) -- Doubleview Capital Corp. ("Doubleview") CA:DBV +10.00% announces a proposed private placement financing of up to $100,000 of convertible notes (the "Offering"). The convertible notes to be issued in the Offering will bear interest at a rate of 15%, payable annually, and will mature and be payable one year from the date of issuance (the "Notes").
The Notes are convertible at the option of the Company into units ("Units") of Doubleview at a conversion price equal to the greater of (i) $0.06 per Unit, or (ii) the volume weighted average price ("VWAP") of Doubleview's common shares for the 5 trading days immediately preceding the date of the notice of conversion. Each Unit shall consist of one common share of Doubleview and one-half of one share purchase warrant of Doubleview (a "Warrant"). Each whole Warrant will entitle to the holder to purchase one additional common share of Doubleview at a price equal to the greater of (i) $0.15 or (ii) a 35% premium above the VWAP of Doubleview's common shares for the 5 trading days immediately preceding the date of the notice of conversion, and is exercisable for a period of two years following the date of issue.
Doubleview may elect to settle any accrued and unpaid interest through the issuance of such number of common shares of Doubleview determined by dividing the interest accrued by the closing price of Doubleview's common shares on the TSX Venture Exchange on the last trading day preceding the interest payment date.
Proceeds of the Offering will be used to fund Doubleview's exploration program on the Hat Property as well as for general working capital and corporate purposes.
Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
About Doubleview Capital Corp.
Doubleview Capital Corp. is a Canadian resource exploration and development company located in Vancouver British Columbia. Doubleview is a publicly trading company on TSX-Venture Exchange under TSX.V: DBV. Doubleview identifies, acquires and finances quality precious and base metal exploration mining projects in North America and more specifically British Columbia, Canada. Doubleview increases shareholder value through strategic and quality Gold, Copper, and Silver projects acquisitions, and through advanced and state of the art exploration methods in the industry.
Doubleview endeavours to increase the odds of exploration success and to mitigate investment risk through diversification. The recent, strategic property acquisitions have strengthened the Doubleview's property portfolio of Gold, Silver and Copper exploration projects.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's ability to complete the proposed private placement financing, implement its exploration program on the Hat Property, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
http://www.accesswire.com/img.ashx?id=409633
Copyright 2013 ACCESSWIRE
DBV.V Speculative update: In my opinion I would have to think that the company has just finished it's drill program, or should finish shortly. The CEO has been at the drill site personally to view the cores as they come out. With the lack of drilling this year, the assay offices are not backed up so it is my opinion that the drill cores should be analyzed within 4 weeks and we should know just how big this copper find is and how strong it is. Preliminary drilling discovered a full length copper deposit from surface down to 750 feet, ground geophysics shows a very strong target so with those two preliminary pieces of information, deductive reasoning would conclude a solid hit.
I have been told there is a complete drill site blackout so the company is very protective of their potential discovery.
With a market cap of 2 million dollars and shares of only 29 million total (10 million float +/-) this could potentially show a huge gain by years end.
Currently I hold 350,000 shares here and I am watching the movements closely, this stock is completely unknown with no past retail hype of any kind, it is held primarily by Vancouver insiders and brokers.
As always, thanks!
Drill bits are turning so we will see what the results are, preliminary guesses are quite good from the ground geophysics however the drill bit does not lie, another 6 weeks to get the results through the assay office and we will know.
Still the case, Doubloon? Any updates?
DBV.v Article (created by howestreetbull)
Article chronicalling the history of the Copper - Gold porphyry systems in BC and highlighting the work currently underway by DBV.v's HAT ppty neighbour PGX.v in the Sheslay camp...hsb
http://www.stockhouse.com/companies/bullboard...v1qmBgu.99
In search of behemoth porphyries in British Columbia’s Golden Triangle
Doug Hadfield | October 24, 2013
British Columbia doubling coal export capacityDowntown Vancouver's Coal Harbour
Right about the time I was busy being born back in July 1970, a mining company called Great Plains Development Company of Canada was in the process of drilling two exploratory holes into its “Chris” claims, in northern British Columbia. These two holes would lead to a series of events that would culminate in the development of the Red Chris Mine, scheduled to begin production by May of next year.
The mine will process an astounding 30,000 tonnes of copper-gold-silver-infused rock every day for the duration of its mine life. That’s the equivalent of extracting six Statues of Liberty every hour, 24 hours a day, and crushing them into gravel—pretty much every day for 28 years.
Red Chris has reserves of over 300 million tonnes grading 0.359% copper and 0.274 g/t gold, plus additional low grade silver, however, the known resources outside the open pit model are ten times that amount.
The mine is expected to generate $17.79 for every tonne of ore produced, for a total life of mine revenue stream of more than $5 billion dollars. At conservative metal prices, and after costs and other discounts, the net present value (NPV) of the project is approximately $423 million. At 2010 metal prices, the NPV jumps to $1.5 billion.
The circumstances of Red Chris’ acquisition were also extraordinary. After a bidding war with Taseko Mines, Imperial Mines purchased the project from bcMetals for $1.70 per share—almost triple bcMetals’ share price. The deal valued bcMetals at $74 million, and represents one of the largest premiums in Canadian merger and acquisition history.
The region in which Red Chris lies is known as the Golden Triangle.
According to the B.C. Geological Survey Minfile database, more than 900 documented mineral occurrences have been identified within the Golden Triangle, of which 67 have some documented mineral resources.
This highly mineralized region is also bound within a geological region known as the Stikine Arch.
The region is home to numerous alkalic porphyry copper-gold mines and advanced exploration projects collectively worth hundreds of billions of dollars. These include Eskay Creek, which prior to its closure in 2008, was the fifth largest silver producer in the world, Galore Creek, with 6.2 billion pounds of copper, 4 million ounces of gold and 65.8 million ounces of silver, and Schaft Creek, with 7.1 bn lbs Cu, 455 Mlbs Mo, 7.3 Moz Au, and 67 Moz Ag, plus inferred resources.
Deposits like Red Chris and Galore Creek are often difficult to find because at surface they have a smaller “footprint” and different geochemical characteristics than other porphyries. As such, scientists have had to employ different methods to identify these deposits and, to date, only a few have become fully developed, although these are truly remarkable, economy shaping mines.
For three primary reasons—concerns about the lack of First Nations treaty resolution, lack of infrastructure and more attractive mining policy elsewhere in the world—remarkably little exploration has been completed in the Golden Triangle.
Exploration work began here in the 1950s, with the provincial government doing some shallow drilling on some of the known mineral showings. The progress often follows a familiar pattern: The province’s Ministry of Mines conducts grassroots exploration—sampling, mapping and shallow drilling, creating an inventory of the local geology. Over the next decades, the most promising results are revisited by exploration companies in search of economic deposits.
Prosper Gold’s (TSXV GX) Sheslay Project and neighbours Garibaldi Resources’ (TSXV:GGI) Grizzly Project, as well as Colorado Resources’ North Rok Project, for example, appear to share numerous characteristics with the larger alkalic porphyries in the region. Each company is actively exploring with results that point to potentially massive, porphyry style copper-gold mineralization.
The former two projects are contiguous, with Grizzly surrounding Sheslay to the south and west (see the map below). They are located about 150 km north of Galore Creek, Copper Canyon and Schaft Creek, and about the same distance north-east of the Red Chris Mine.
Fifteen kilometres northwest of Red Chris is also Colorado Resources’ North Rok, which in April this year yielded impressive drill results: 333 metres at 0.51 percent copper and 0.67 g/t gold, starting very close to surface, with as much as 180 metres at 0.76 percent copper and 1 g/t Au starting 63 metres downhole. The company has followed up with similar holes since then, including 402 m grading 0.28% Cu and 0.27 g/t Au in a step-out hole 400 m southeast of the discovery hole.
The discovery at North Rok has awakened investor interest in the region, and has also led a number of companies to re-examine historic data on their own projects in the region.
According to Prosper Gold’s co-founder, veteran geologist and British Columbia Geological Survey alumnus D Tempelman-Kluit, although there is historical data available on the Sheslay project, no exploration companies have hit the area particularly hard with exploration dollars.
The BC Ministry of Mines drilled four shallow holes at Sheslay in the 1950s, however no data remains. Newmont continued the search in the 60s, Skyline in the 70s, United Cambridge and Golden Ring in the 90s. According to the data, results continually showed promise, but no gloryhole was hit, no smoking gun was discovered.
It wasn’t until Sheslay project was acquired by Firesteel Resources that the potential of Sheslay would finally become understood.
Over the course of the eighties, Firesteel invested $1.7 million into exploration on the Sheslay project, including sampling, trenching, geophysics, mapping, IP surveys and drilling.
Of the early drilling, Tempelman-Kluit says, “There were 26 holes and every hole had good numbers. Many holes had good numbers top to bottom.”
Unfortunately for Firesteel, the company was unable to come up with the cash to continue exploration on the project. Nor did they have a Tempelman-Kluit, who is an expert at identifying alteration targets.
When he first arrived on the project, Tempelman-Kluit knew instantly that the rocks were classic alkalic porphyry-style rocks.
“This was the kind of alteration and mineralization that you would expect to see—and want to see,” said the geologist. “A very strong looking, very powerful system. It wasn’t clear from the drilling that had been done that they had tested it all, but where they had drilled they were certainly in the right kind of rocks.”
Of Firesteel’s 26 holes in the Star zone, 25 fall within an area measuring about 300 metres by 300 metres.
Here are 10 holes given as highlights in Prosper’s May 2013 technical report for the project:
CC2004-01: 236.90 m @ 0.32% Cu, 0.18 g/t Au
CC2004-02: 173.10 m @ 0.41% Cu, 0.17 g/t Au
CC2004-05: 242.30 m @ 0.44% Cu, 0.32 g/t Au
CC2004-06: 190.20 m @ 0.41% Cu, 0.22 g/t Au
CC2004-07: 329.40 m @ 0.32% Cu, 0.11 g/t Au
CC2005-08: 141.30 m @ 0.36% Cu, 0.27 g/t Au
CC2005-09: 142.08 m @ 0.44% Cu, 0.25 g/t Au
CC2007-01: 334.67 m @ 0.35% Cu, 0.17 g/t Au
CC2007-02: 220.36 m @ 0.42% Cu, 0.21 g/t Au
CC2007-04: 290.17 m @ 0.41% Cu, 0.19 g/t Au
The weighted average across all ten holes was 0.38% copper and 0.2 g/t gold. This compares favourably with other major alkalic porphyry deposits. For example, Schaft Creek had total resources of 1.3 billion tonnes grading 0.25% Cu and 0.18 g/t Au. Red Chris has reserves of 300 million tonnes grading 0.359% copper and 0.274 g/t.
Even if the entire 26 holes are included in the measurement, the weighted average grades are still respectable at this early stage of the game: 0.34% copper and 0.17 g/t gold.
“These things are all individual just like people,” Tempelton-Kluit said. “This is like Red Chris, which is to say in the same family as Red Chris but it’s probably not identical. And nor is it identical to Galore creek or Schaft creek, even though it’s in that family. The key thing for investors to understand is it’s a good-looking target and has a lot of room to grow. We’ve got 26 holes. Most of the time it takes hundreds of holes to define these deposits. To have these kinds of numbers at this stage of the game is pretty amazing.”
For its part, management at Garibaldi Resources has no intention of riding the coat tails of the fast moving Prosper Gold. CEO Steve Regoci told me that although the company has been focussed on its Mexican operations, including a small cash-flow positive coal project in Sonora, events at Sheslay and North Rok make it clear that the time is right to get boots on the ground at the Grizzly project.
“The story at in the Stikine Arch region has really happened very quickly over the last couple of months, with Colorado’s big hole and Prosper coming on the scene,” Regoci said. “Of course, there was already the Red Chris project going to production and that brought a lot of eyes to this area. But the fact that the guys at Prosper have gone ahead and taken on the Sheslay project after their success at Blackwater project is really the best of both worlds for us—we get to have our cake and eat it too.”
Regoci is referring to the fact that all this is unfolding during bearish market conditions. Although raising capital for a drill program is difficult, success at Prosper and Colorado may translate into higher share prices, making transactions like fundraising less arduous for all.
Garibaldi has about $3 million in cash and cash equivalents, so it has had no trouble starting up an exploration program on its Grizzly project: This summer the company completed sampling, mapping and an extensive airborne survey, which as a result has identified its first drill targets for the 2014 drilling season.
Although none of these projects has completed enough drilling for a 43-101 compliant resource estimate, Prosper Gold is more advanced than either Colorado or Garibaldi. A “back-of-the-envelope” calculation reveals that the company is about 1/10 of the way to a Schaft Creek-sized deposit.
The area of the Star target drilled off is to date approximately 300 metres by 300 metres and, although the average depth of the holes is 154 metres, it appears it is mineralized to a depth of 600 metres. At a specific gravity of 2.8, that would make the tonnage of this zone somewhere in the region 150 million tonnes. Not bad for 26 drill holes (4,063 metres).
I asked CEO Peter Bernier what sort of deposit he’d like to see Sheslay become, once Prosper has drilled it off for a year or two, and he told me that they’re looking for a resource of 500 million to 1 billion tonnes at economic grades, which would make it one of the largest deposits of its kind.
With mineralization starting at or very close to surface, and with mineralization open in all directions, there is a great possibility that this project will expand rapidly once drilling begins in earnest, next summer. As with all low grade projects of this kind, the key will be low operating and capital costs and high tonnage.
So the questions Bernier and Tempelton-Kluit are asking themselves now is, How deep does it go? How far sideways does it go? Which directions? Are there other deposits?
“Probably it wasn’t the only [deposit],” Tempelton-Kluit tells me. “These things rarely occur by themselves. They often occur in clusters, not necessarily the same size and grade. At Red Chris, for example, there’s more than one central area. These tend to be good size systems with rich pods that have less rich pods connecting them to other rich pods.”
This is evidently why the company changed the name targets to Star, Star North and Star East. It’s very apropos of the way an alkalic porphyry system works: discrete pods emanate from one another forming a multiple pronged shape, much like the shape of a star. Plus, I don’t know many miners who like talking about all day.
Dirk tells me there may yet be undiscovered pods to the northwest and south of the main Star zone.
“Trenching to the south of Star zone two or three hundred metres discovered some nice looking mineralization for long distances with good grades. So, we need to see whether the star gets bigger to the south. There’s a chargeability anomaly to the northwest that hasn’t been tested that could tie back to the star.”
Dirk says this could indicate a “star” system with three or four enriched pipes connected within a cloud of lower grade material.
“So, basically this thing could get a lot bigger, given that the rocks that are there are very pregnant looking, there’s no reason to believe that what we have so far is “all she wrote”.
For its part, Garibaldi’s Grizzly project appears to host the same type of alteration as Sheslay. An airborne geophysical study along with new IP data on both the Grizzly project and the southern part of the Sheslay project suggests that the chargeability signature found on the Sheslay project continues in an east-west fashion onto the Grizzly project.
This confirms previous soil sampling and geochemical data on the project, and along with new soil sampling carried out in October 2013, has identified numerous drill targets for completion next summer.
Now that the winter season is upon both projects, most exploration work will cease until next year.
For their $500 million success with the Blackwater gold project, Bernier and Tempelman-Kluit were awarded the 2011 AME BC Award for Excellence in Prospecting and Mineral Exploration. They formed that company, Richfield Ventures, in 2005 and by 2011 had announced an initial resource estimate (indicated and inferred) containing 4.2 million ounces of gold.
Richfield was purchased by Newgold in 2011 for $550 million ($10.38 per share), making the duo and their shareholders all significantly wealthier—all in just over five years.
With Richfield behind them, the team of Bernier and Tempelman-Kluit had hatched a new plan, not unlike the previous plan, because, after all, it had been wildly successful.
It took the team of Bernier and Tempelman-Kluit two years to find the Sheslay project. Tempelman-Kluit, with decades of experience in putting projects through the paces, emphasises the importance of finding the right project.
“We find it hard to raise money on a project that we don’t believe is going to go,” Tempelman-Kluit said. “You need to wait until there’s one you really love, then it’s time to go. I’ve seen a lot of projects, and I’ve liked some things about a lot of them, but I needed to really love something before jumping in. If this hadn’t come along we’d probably still be looking.”
Since taking over Sheslay from Firesteel, Prosper Gold’s first 3 drill holes at the Star delivered excellent numbers, improving on the historical results with longer intercepts and slightly better grades than average. S024 hit 312 m grading 0.37% Cu and 0.24 g/t Au; 269 m grading 0.42% Cu and 0.20 g/t Au (S025); and 263 m grading 0.35% Cu and 0.15 g/t Au (S026).
According to Bernier, the drill teams encountered some difficulties around 300 metres, where they intercepted some clay formations, which may in part explain why previous teams like Firesteel have so little to show at depth.
Their 4th, 5th and 6th holes (assays pending) pushed deeper, and mineralization was intersected from top to bottom (598 metres) in the 4th hole (S028). This particular hole could be a game-changer (same with the other 2 holes) and should provide valuable insight into the depth potential of the property. Previous drilling at Sheslay was relatively shallow—almost entirely to depths not exceeding 250 metres.
Bernier says that the three pending drill holes, still undergoing analysis at the lab, have already visually confirmed copper bearing porphyry style mineralization to a depth of 598 metres, which is the deepest confirmed mineralization to date.
Other untapped potential on the project remains at two other zones. The Copper Creek and Pyrrhotite Creek zones, respectively 2.5 km southeast and 4.5 km southwest of the Star target, host copper-gold mineralization in a similar geological setting to Star.
Finding the Sheslay project took the team of Bernier and Tempelman-Kluit two years.
“One really good piece of advice I got from one of our investors is you don’t have to take the first one that comes along. Just wait till you see one you really love and then go after it. And I think that’s the attitude we’ve taken with this one. We looked at properties for two years since Blackwater, for two years we’ve been combing the field and kicking tires and trying things out, and this is the first one we settled on.”
Says Tempelman-Kluit, “Surprisingly, it seems like nobody ever went after Sheslay very hard—probably because of money.”
Now that he and Bernier have the project, they intend to hit it with everything they have.
“It’s a big system in the right kind of rocks with a lot of room to grow sideways and down, and the right numbers in the first five or six holes. What more could you want? That’s amazing. It’s unheard of. It doesn’t happen. It’s kind of amazing to see a project like Sheslay still available. There’s not that many left out there.”
One of the reasons these projects have remained underexplored has been the poor availability of infrastructure in the region. Sure, you can fly in a few drill rigs and drill off a billion tonnes of ore, but every kilometre of power costs between $300,000 and $600,000. Mining roads cost about the same to build.
In recent years, the federal government and the province of British Columbia have invested heavily in infrastructure in this region. In 2011 the federal government announced that the Northwest Transmission Line, a proposed $404 million, 344 kilometre transmission line extension from Terrace to a new substation near Bob Quinn Lake, was approved.
Once completed in 2014, the Northwest Transmission Line will be a huge benefit to development throughout the region. For many mines, energy is the single biggest cost item; soon they will benefit from access to some of the cheapest power in the world.
Like Red Chris and other behemoths discovered before it, it may take some years before Sheslay, Grizzly or North Rok become mines, if they ever do at all.
In the case of both Prosper Gold or Garibaldi, both management teams stressed the importance of moving quickly on their projects.
Both Bernier and Tempelman-Kluit told me in separate interviews that they would find something or “kill” the project.
For both companies, one would think the end goal is to identify a sizeable resource and sell it to one of the nearby majors that has experience in developing porphyry deposits into mines: Teck, which borders Grizzly to the south, Imperial Metals, Taseko, Thompson Creek or even AuRico, all have interests in the region. There are bound to be European and Asian suitors too, hungry for more copper and gold reserves.
For most juniors, once you’re a few hundred million tonnes into exploring one of these billion-tonne-potential-deposits, a takeover is the only way to go. And as Bernier and Tempelton-Kluit learned with Richfield, and bcMetals learned with Red Chris, early success can be extremely rewarding
Read more at http://www.stockhouse.com/companies/bullboard...v1qmBgu.99
DBV article by others
The following article is a good comparison for DBV to CUU more specificaly if your compare the tonnage and the money that Teck paid to have 75 percent of the project. CUU has over 400 million shares in the open market and trades at .55 October 20, 2013 Sizing Up The Sheslay With additional drill results imminent from Prosper Gold Corp.’s (PGX, TSX-V) Sheslay Cu-Au Porphyry Project in northwest British Columbia, it’s an ideal time to put more facts on the table that clearly demonstrate why the Sheslay holds such great potential in terms of both grade and tonnage. Keep in mind as you read this, PGX’s current market cap (based on Friday’s 50-cent close) is $12.5 million, a mere 6% of the $219 million commanded by Copper Fox Metals Inc. (CUU, TSX-V) which holds 25% of a JV with Teck Resources Ltd. (TCK, TSX) to further develop the Schaft Creek deposit approximately 120 km southeast of Sheslay. Schaft Creek, 1 of several Stikine Arch deposits that Sheslay could soon rival, has proven and probable reserves of 940 million tonnes grading 0.27% Cu, 0.19 g/t Au, 1.7 g/t Ag and 0.018% Mo according to a February 2013 feasibility study (5.6 billion pounds Cu, 5.8 million ounces Au, 52 million ounces Ag, 364 million pounds Mo). Measured and indicated resources are 1.2 billion tonnes grading 0.26% Cu, 0.19 g/t Au, 1.7 g/t Ag and 0.017% Mo. Inferred resources are 597 million tonnes grading 0.22% Cu, 0.17 g/t Au, 1.7 g/t Ag and 0.016% Mo. So this is a large system. They’re using a cut-off of 0.15% CuEq. It is generally regarded as a primary porphyry Copper system, hosted in the intermediate rocks of the Stuhini Group, in a similar geological setting as the Sheslay. Significant argillic alteration and a distal pyrite halo are notably absent at Schaft Creek, however. Schaft Creek, where exploration started in the 1950's, comprises 2 distinct and spatially separate zones – the Main Zone and the Paramount Zone. The Main Zone extends up to 1.1 km east-west and more than 1.2 km north-south with a depth of approximately 300 metres. Paramount is a contiguous zone of breccias extending along the west margin of the Main Zone and to the north for a total length of at least 2.1 km. It’s not quite as wide as the Main Zone but extends a little deeper (to 500 metres). The total project area is about 3 km x 3 km. Just over 400 holes (about 10 x more than the Sheslay) have been drilled at Schaft Creek totaling 98,000 metres, not including the drilling carried out by Teck this summer. The Sheslay Let’s move ahead now to the Sheslay and hopefully our readers, though this comparison with Schaft Creek, can further appreciate the attractiveness of this project and how, at this stage at least, it appears to have better grade potential and the same or even better tonnage potential than Schaft Creek. Quite frankly, the only reason the Sheslay is at a less advanced stage than Schaft Creek is because the former was in the “wrong” hands for the last 10 years. Firesteel Resources (FTR, TSX-V) gave it their best, but they lacked the geological expertise and the financial strength to seriously advance this highly prospective asset. Smartly, they finally recognized that. One of the best exploration groups in the country is now taking the Sheslay – rapidly – to the next level. Prosper Gold examined at least 150 properties around the globe before deciding on this one (that says a lot). A minimum of 4 Cu-Au porphyry targets have been identified at the Sheslay within a 12 sq. km area – the Star (most advanced), North Star, East Star and Copper Creek. Approximately 5 km southwest of the Star is the Pyrrhotite Creek porphyry which appears to be a distinct, multiple target area with a 2,000-metre long, 400-metre wide Copper-in-soil anomaly with elevated Mo values. The Star target, based on historical geophysical, geochemical and drill data, covers an approximate 700 m by 500 m area. The discovery is open to depth and extension laterally in all directions beyond this confirmed area. Mineralization is not restricted to specific rock types. Both the porphyry and bounding volcanic rocks are mineralized. Prosper Gold’s first 3 drill holes at the Star delivered excellent numbers, confirming historical results – 312 m grading 0.37% Cu and 0.24 g/t Au (S024); 269 m grading 0.42% Cu and 0.20 g/t Au (S025); and 263 m grading 0.35% Cu and 0.15 g/t Au (S026). Their 4th, 5th and 6th holes (assays pending) pushed deeper, and mineralization was intersected from top to bottom (598 metres) in the 4th hole (S028). This particular hole could be a game-changer (same with the other 2 holes) and should provide valuable insight into the depth potential of the property. Previous drilling at Sheslay was relatively shallow – almost entirely to depths not exceeding 250 m. If Prosper, by drilling deeper, has hit a magnetite-enriched potassic zone, look out. That’s where grades could really ramp up. All the evidence to date suggests there is a robust hydrothermal system at the Sheslay, one that’s capable of cooking up some juicy numbers. PGX's Sheslay covers nearly 70 sq. km and features a minimum of 5 Cu-Au porphyry targets - the Star (most advanced), North Star, East Star, Copper Creek, and Pyrrhotite Creek. How Tonnage At Sheslay Could Quickly Grow Given the dimensions of the 2 Schaft Creek mineralized zones as noted above, it’s not hard to imagine how tonnage could build exponentially if Prosper is able to link even just 2 of its targets – the Star and the North Star. The North Star is 1 km to the northeast of the Star and has never been drill-tested or trenched. However, historical work indicates a strong IP chargeability anomaly and corresponding magnetic high covering a minimum 500 m x 700 m area with a coincident Copper-in-soil anomaly (individual soil sample results above 1% Cu) and Gold-in-soil anomaly. The 1 km gap between the North Star and the Star is open, and historical anomalous Gold-in-soil results suggest a possible link between the 2. The East Star is 1 km southeast of the Star, while Copper Creek is 2.3 km south of the Star. Again, 4 porphyry targets clustered within a 12 sq. km area. If they all link up, this would be an absolutely huge system – and that’s not even counting Pyrrhotite Creek which has incredible potential just on its own. “We just think this thing has a lot of room and a lot of legs to get bigger,” PGX President and CEO Pete Bernier told BMR in an interview last month. “It’s looking very good. It’s a big area. It looks like it could extend outward quite a bit. The gossans in the area are phenomenal from the air. So we just think this has got a lot of room to grow. And they never drilled it to depth.” Yes, those gossans. Below is one of them – definitely a good sign. Bernier’s Brigade and “Captain Dirk” In the risky junior exploration space, if you’re going to bet on a company making a major discovery, make sure the people running that company and directing everything on the ground know what they’re doing. Lots of companies have great properties but lack either the money-raising ability or the geological expertise – or both – to deliver success and build shareholder value. Ask yourself these key questions: 1. Does the company have enough working capital and the ability to raise lots more? 2. Does the company have true and proven expertise at both the management and geological levels? 3. Does the company have an attractive share structure (have they flooded the market with paper?)? 4. Does the company have a property (or properties) with legitimate potential where a discovery could be made, in a safe jurisdiction, that a major may want to buy? 5. Does the company have the ambition and the determination to build shareholder value, especially in the current environment in which so many CEO’s are hiding their heads in the sand and don’t seem to even care about shareholders – let alone taking on the challenging task of building value in the ground and in the market? 6. Does the company fit into the top 10% of Venture listings, or is it one of the 90%? In the case of Prosper Gold, the answer to each of those questions is a resounding “Yes” (the same, by the way, applies to Garibaldi Resources – GGI, TSX-V – which is also the largest landholder among juniors in the rapidly developing Sheslay Valley camp). Bernier and his chief geologist, Dr. Dirk Tempelman-Kluit, are of course coming off a huge win 2 years ago with Richfield Ventures which soared from pennies to more than $10 a share after getting taken out by New Gold Inc. (NGD, TSX) for just over half a billion dollars. Bernier is running with the same team he had with Richfield, and has also added a couple of key recruits. Tempelman-Kluit, meanwhile, is unquestionably one of the brightest geologists in the country. If there’s anyone who can bring the attention of the world to a major discovery in the Sheslay Valley, it’s “Captain Dirk”. At 74 years of age, he’s in incredible shape and as motivated as ever with experience and wisdom on his side. For 2 years, as he explained to BMR in a recent interview, he and Bernier searched for the ideal project before settling on the Sheslay
Assay results from Prosper Gold’s first 3 holes came out September 30. We’re now into the last half of October and 3 more holes are due. Two-thirds of the outstanding shares (25 million) are locked up at the moment and can’t be sold. Mineralization from surface to 598 metres in hole #4 (S027). Suffice to say, things are about to get very interesting. As always, perform your own due diligence. Note: Jon holds share positions in both PGX and GGI while John holds a share position in GGI.
Stunning results from DoubleViews neighbor on the first 3 of 6 holes
Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSX VENTURE:PGX) is pleased to report results from the first three drill holes of a six hole 2339.74 metre drill program completed on the Sheslay porphyry copper gold project (the "Property") located in northwestern British Columbia. This follows the previously announced qualifying transaction with Firesteel Resources Inc. (May 7, 2013 news release) in which Prosper Gold may acquire an 80% interest in the 6,829 hectare Property.
Drill Program
Drilling during late August and September focused on the Star, the most advanced of five targets. The drilling confirmed the results of the historic drilling and tested for mineralization continuity to depth.
Assay results for the holes are tabulated below. Details are given on the company website at www.ProsperGoldCorp.com
DDH from to intersection Cu% Au g/t Ag g/t
S024 4.88 317.04 EOH 312.16 0.37 0.24 0.69
incl 4.88 82 77.12 0.66 0.553 1.11
S024 82 115 33 0.21 0.111 0.38
S024 115 201 86 0.34 0.164 0.38
S024 201 251 50 0.18 0.064 0.35
S024 251 287 36 0.38 0.188 0.7
S024 287 317.04 30.04 0.21 0.107 0.42
S025 7 276 269 0.42 0.198 0.61
incl 7 22 15 0.13 0.051 0.27
incl 22 259 237 0.46 0.217 0.65
incl 259 276 17 0.17 0.056 0.32
S026 11 274EOH 263 0.35 0.15 0.63
incl 11 108 97 0.19 0.061 0.36
incl 108 273 165 0.44 0.2 0.78
Doubleview Capital Corp. (TSX-V: DBV) Announces Commencement of Diamond Drilling Program and Geophysical Survey near Completion
10/17/2013 | 09:30am US/Eastern
Recommend:
0
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased to announce that it will be commencing the second phase of its diamond drilling program on the Hat Property immediately. Doubleview's objective under this diamond drill program will be to test anomalous areas of the previously identified Anomaly B and Anomaly C contained within the Hat Property.
The near completed induced polarization geophysical survey grid that covered historic Anomalies B and C as well as portions of Anomaly E was undertaken in order to verify and expand the Hat Property technical database, much of which was compiled more than 40 years ago. Areas of deep overburden and marshy ground where geological information was lacking were included in the survey. Geophysical data are being reviewed by Doubleview's consultants for use in identifying and prioritizing areas of mineral potential for follow-up investigation.
Anomaly B has approximate dimensions of 1390 metres by 520 metres. Drill hole 2013-H06 of the first phase diamond drill program, situated at the west edge of Anomaly B, intersected 110.1 metres with 0.21% copper and 0.15 grams per tonne gold, including 3.5m of 0.36% Copper and 0.28 g/t Gold; and 19.8m of 0.30% Copper and 0.23 g/t Gold; and 22.9m of 0.31% Copper and 0.18 g/t Gold (see news release dated July 11, 2013). Following a preliminary review of the IP survey outline and other technical data, initial drill holes will be directed to the central parts of Anomaly B.
Anomaly C, with approximate dimensions 1700 metres by 920 metres, has not been drill tested but has anomalous copper in soil values and the strongest chargeability (IP) readings recorded in the current survey including chargeability readings of up to 57 milliseconds close to recently discovered mineralized outcrops.
Drill testing of Anomalies D, E and F will be deferred until additional funds have been raised by the Company. Anomaly D, with dimensions 1120 metres by 520 metres, in addition to strong chargeability readings, has a distinct copper geochemistry anomaly. Anomaly E, with dimensions 820 metres by 660 metres, has strong chargeability and soil geochemistry. Anomaly F, located in the southeast part of the Hat Property, has not been surveyed but has historic prospectors' trenches with erratic high copper and gold values.
Doubleview has contracted Tahltan Drilling Services Ltd. of Telegraph Creek, B. C. to supply a complete drilling outfit and crew and to perform the second phase of NQ diameter diamond drilling. Mobilization is underway with drilling scheduled to start on October 21. While drilling is in progress, Doubleview may winterize the camp to facilitate a possible winter drilling program.
Drill cores will be examined and sampled on the Hat Property. Analyses will be performed by an accredited analytical laboratory that is wholly independent of the Company. QA/QC protocols will be observed and results will be reported when received by Doubleview.
About the Hat Project
The Hat Project is a highly regarded early stage exploration prospect, with a history of surface exploration (Historical exploration timeline is available on the company's website), situated in the Stikine District of northwestern British Columbia where several large copper-gold properties are being actively explored, including Red Chris (Imperial Metals), Schaft Creek (Copper Fox), and Galore Creek (Novagold and Teck), where permitting, environmental studies and pre-feasibility and feasibility studies, and at Red Chris, construction, are in progress. The currently active Sheslay Project of Prosper Gold and Grizzly Project of Garibaldi Resources are located in similar geologic terrain immediately west of the Hat Project.
Doubleview holds an option to acquire a 100% interest in the Hat Project, subject to a 2% net smelter return royalty. The Hat Project, located 95 km west of Dease Lake, comprises 3561.4 hectares in seven mineral tenures.
Erik A. Ostensoe, P. Geo, a consulting geologist, is Doubleview's Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, with respect to the Hat Project has reviewed and approved the technical disclosure of this news release. Mr. Ostensoe is not independent of Doubleview as he is a shareholder and is a co-optionor of the Hat Project.
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada and is publicly traded on the TSX-Venture Exchange [TSX.V:DBV]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia, Canada. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased to announce that it has closed the final tranche of its private placement financing announced on September 5, 2013 and October 8, 2013 by issuing a total of 5,250,000 units ("Units") for gross proceeds of $315,000. Under the entire private placement financing, Doubleview raised total gross proceeds of $600,000 by issuing a total of 10,000,000 Units.
Each Unit is comprised of one common share of Doubleview and one-half of one common share purchase warrant ("Warrant") with each whole Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issuance.
In connection with the proceeds raised under the private placement, Doubleview paid finders cash commissions totaling $28,052 and issued a finder 213,200 non-transferable warrants. Each finder's warrant is exercisable on the same terms as the warrants described above.
Mr. Shirvani, Chief Executive Officer, President and a director of Doubleview, subscribed for 1,415,001 Units under the first tranche and 2,110,000 Units under the final tranche of the financing, representing a total of 3,525,001 Units under the entire financing. As a result, the issuance of Units to Mr. Shirvani is considered to be a related party transaction subject to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Doubleview is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of Doubleview's market capitalization.
The securities issued under the financing will be subject to a hold period expiring on February 17, 2014 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
Proceeds from the financing will be directed to Doubleview's geophysical surveys and 2013 fall program of diamond drilling on its Hat alkalic copper-gold porphyry property located in the Sheslay district in northwestern B. C.
About Doubleview Capital Corp.
Doubleview Capital Corp. is a Canadian resource exploration and development company located in Vancouver British Columbia. Doubleview is a publicly trading company on TSX-Venture Exchange under TSX.V: DBV. Doubleview identifies, acquires and finances quality precious and base metal exploration mining projects in North America and more specifically British Columbia, Canada. Doubleview increases shareholder value through strategic and quality Gold, Copper, and Silver projects acquisitions, and through advanced and state of the art exploration methods in the industry.
Doubleview endeavours to increase the odds of exploration success and to mitigate investment risk through diversification. The recent, strategic property acquisitions have strengthened the Doubleview's property portfolio of Gold, Silver and Copper exploration projects.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
currently @.075 would expect it to start it's run to the mid teens within two weeks, doubt it will ever look back with the rumors coming out of Howe Street today.
I have never seen preliminary drill results this good, grab a ticket on this rocket ship if you can buy Venture stocks.
Doubleview Capital Corp. Drills 110m of 0.21% Copper and 0.15 g/t Gold (Including 3.5m of 0.36% Copper and 0.28 g/t Gold; and 19.8m of 0.30% Copper and 0.23 g/t Gold; and 22.9m of 0.31% Copper and 0.18 g/t Gold)
Stop sitting on the fence and tell us how you really feel, lol.
2 million share cross trade complete, CEO cut loose 2 million shares to the market to buy 2 million private placement shares, did not take long to find an investor to grab those up. (valuation of cross trade $170,000)
If anyone has not researched this company, bill yourself $1,000 an hour for research time and collect your paycheck at Christmas.
DO THE FREAKIN DUE HERE, personal estimate of future value could be $1.00 per share or more (in my humble opinion that is)
DBV.v Doubleview Capital Corp. (TSX-V: DBV) Announces Increase to Private Placement
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) announces that it has increased its previously announced non-brokered private placement financing (see news release dated September 5, 2013) from 8,333,333 units ("Units") to 10,000,000 Units at a price of $0.06 per Unit for gross proceeds of $600,000. Each Unit is comprised of one common share of Doubleview and one-half of one common share purchase warrant ("Warrant"), with each whole Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issuance.
As set out in Doubleview's news release dated September 17, 2013, Doubleview closed the first tranche of the private placement by issuing a total of 4,750,000 units at a price of $0.06 per Unit for gross proceeds of $285,000.
Prior to closing the final tranche of the private placement, Mr. Shirvani, Chief Executive Officer, President and a director of Doubleview, plans to sell up to 2,000,000 common shares of his personal holdings through the facilities of the TSX Venture Exchange. The net proceeds from the sale of these shares will be used to purchase Units under the private placement. As a result, any issuance of Units to Mr. Shirvani will be considered a related party transaction subject to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Doubleview is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of Doubleview's market capitalization.
The proceeds from the financing will be used by Doubleview to implement its fall 2013 drill program on the Hat Property, located in northwestern British Columbia, and for general working capital purposes.
About Doubleview Capital Corp.
Doubleview Capital Corp. is a Canadian resource exploration and development company located in Vancouver British Columbia. Doubleview is a publicly trading company on TSX-Venture Exchange under TSX.V: DBV. Doubleview identifies, acquires and finances quality precious and base metal exploration mining projects in North America and more specifically British Columbia, Canada. Doubleview increases shareholder value through strategic and quality Gold, Copper, and Silver projects acquisitions, and through advanced and state of the art exploration methods in the industry.
Doubleview endeavours to increase the odds of exploration success and to mitigate investment risk through diversification. The recent, strategic property acquisitions have strengthened the Doubleview's property portfolio of Gold, Silver and Copper exploration projects.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
Thanks for the info, your thoughts and research are always appreciated
Many Vancouver insiders are watching this one closely
Hey Doubloon, thanks for the HUP on there being a dbv.v board, I posted a recent update on the Canadian Stocks board where we are also avid followers of DBV.v ...hope you don't mind if I share my thoughts with your members here and if you do mind as moderator you can just act accordingly...cheers all...hsb
*****************************************************************
DBV.v ... you may want to take a look at DBV.v one that I'm seeing encouraging signs on...pending PP closure...pending drill program about to get underway, decent price action this week (+27% so far) with more to come I believe as the company has been quiet as a church mouse while previous PP's came free trading and the new one was being marketed...The last hole of the previous program Hole #6 intercepted 110m of 0.21% Copper and 0.15 g/t Gold (Including 3.5m of 0.36% Copper and 0.28 g/t Gold; and 19.8m of 0.30% Copper and 0.23 g/t Gold; and 22.9m of 0.31% Copper and 0.18 g/t Gold)(http://www.doubleview.ca/doubleview-capital-corp-drills-110m-of-0-21-copper-and-0-15-gt-gold-including-3-5m-of-0-36-copper-and-0-28-gt-gold-and-19-8m-of-0-30-copper-and-0-23-gt-gold-and-22-9m-of-0-31-copper-and-0-18-g/)
and they believe they were just on the edge of the porphyry and this new round of drilling will focus on expanding their knowledge of the "Target B" anomaly...the weekly chart shows we are edging up off of longer term support in the 0.05-0.06 region with decent ACC/DIS and the ADX crossover signalling an increasing bullishness underway... as always DYODD and gltu...hsb
http://stockcharts.com/h-sc/ui?s=DBV.V&p=W&yr=3&mn=0&dy=0&id=p22050755155&a=303556825&listNum=13
Got my fingers crossed for you.
"but it's the drill bit that does not lie."
Doubled my position today at .08$ Canadian. This is an area play with explosive potential (IMO)
I would like to see .50$ Canadian by years end, it's all up to the drill bit now... .4% CU of over 200 feet is the potential here, IP was very encouraging, but it's the drill bit that does not lie.
Doubleview Capital Corp. Announces Commencement of Geophysical Survey and Approval of Red Spring Property Acqusition
V.DBV
(via Thenewswire.ca)
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased to announce commencement of Induced Polarization geophysical surveys on its Hat copper gold porphyry project located in the Stikine Mining District of northwestern British Columbia and approval by the TSX Venture Exchange of its acquisition of the Red Spring property located north of Smithers, British Columbia. The geophysical work is the first such work on the Hat property since 1979 and is designed to better define the anomalous areas that comprise several copper and gold soil geochemical anomalies that are coincident with historic Induced Polarization chargeability geophysical anomalies. A Phase 2 program of diamond drilling will commence upon completion of the geophysical survey work.
Further to Doubleview's News Release dated August 8, 2013, the TSX Venture Exchange has accepted for filing documentation pertaining to the option agreement dated August 8, 2013 whereby Doubleview has been granted an option to acquire a 90% interest in the 1349 hectare Red Spring copper-silver-gold exploration property located 120 km north of Smithers, B. C. Doubleview will immediately issue 50,000 shares to the vendors and within one year make a cash payment of $7,000 and conduct a $100,000 work program on the property. Further optional shares, cash and work commitments are detailed in the August 8, 2013 News Release. The vendors will retain a 2 1/2 % NSR ("net smelter royalty") of which Doubleview can purchase 50% for $1,500,000.
Doubleview in early September completed an initial site visit to the Red Spring property as part of a due diligence investigation. A small number of rock and soil samples were acquired at that time and are currently being analysed at an accredited analytical laboratory. A program of exploration will be determined following receipt of analyses and further review of all available data.
Historic exploration of the Red Spring property since 1972, including two programs of diamond drilling, has been directed to a dolomitic limestone member interbedded with Jurassic age Hazelton Group volcanic, volcaniclastic and sedimentary formations. A historic "drill indicated reserve" of 4,500,000 tonnes with 0.5% copper and 0.38 oz/tonne silver was calculated by previous owners of the property (Assessment Report #20364,p. 1, 1990, G. Ryznar, P. Eng., quoting from a 1973 internal company report for Canadian Superior Exploration Ltd.). The historical "drill indicated reserve" cited above is mentioned for historical purposes only and uses terminology not compliant with current reporting standards. The reliability of these historical estimates is unknown but considered relevant by Doubleview as it represents a significant target for future exploration. The qualified person has not reviewed all pertinent original documents nor done sufficient work to classify the historical estimate as a current mineral resource and Doubleview is not treating this historical estimate as a current mineral resource. Historical "drill indicated reserves" are not equivalent to mineral reserves or resources as they are not supported by at least a preliminary feasibility study. In order to verify this as a current estimate, Doubleview will need to conduct additional exploration work in the form of diamond drilling to verify the historic data. Details of such work have not been determined.
Disclosures: Farshad Shirvani, president and CEO of Doubleview, holds a 40% interest in the vendor group of the Red Spring property. Erik Ostensoe, P. Geo., is Doubleview's Qualified Person as defined by National Instrument 43 - 101 - Standards of Disclosure for Mineral Projects, with respect to the Red Spring property and has reviewed and approved the technical disclosure of this news release. Mr. Ostensoe is not Independent of Doubleview as he is a shareholder and is a co-optionor of the Hat and Red Spring properties.
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada and is publicly traded on the TSX-Venture Exchange [TSX.V:DBV]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia, Canada. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
The halo was where the first round was drilled, that was no where near the ore body it was in between two ore bodies anomaly C and anomaly B ...On anomaly B the metals have come to surface, in anomaly B where we will be drilling the ore body has come to surface and talking to the CEO Farshad the reading is as high as a 50 that will give you when drilled a .7 copper and at least .6 gold the thickness could be up to and more than 350 meters ..he will be stepping out from drill hole 6 another 800 meters to the middle of ore body where several holes will be drilled in B then move to anomaly C which is the same or better..these intersections should be significant for an huge price increase to north of 50 cents...
Hey Doubloon nice to see the new board here, I should be BM #4
Update: Ground survey is under way and the drillers have received the deposit for the drilling. Drilling should take about 10 days and the assays of the core should take another 4 to 5 weeks. Major indicators is that this is a very real find with brokers and geologists alike investing here.
Money does not seem to be that hard to raise for this project, first tranche of $285k already in the bag, second tranche of $200k well on it's way. The CEO has personally invested $750k into this project.
First hole showed mineralization from surface down over 200 meters with 50 meters (150 feet) over 2% copper. This new drill program is going right down the throat of the beast with the help of the ground geophysics.
In my humble opinion this is a major discovery in it's early discovery stage, today's price of .055 I consider a steal and continue to add to my position
Added to my position today, boardroom indicators are never wrong.
Doubleview Capital Corp. (TSX-V: DBV) Closed $285,000 First Tranche of Non-brokered Private Placement
V.DBV
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement by issuing a total of 4,750,000 units at a price of $0.06 per unit (each a "Unit") for gross proceeds of $285,000.
Each Unit is comprised of one common share of Doubleview and one-half of one common share purchase warrant ("Warrant"), with each whole Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issuance.
In connection with the proceeds raised under the first tranche, Doubleview paid a finder a cash commission of $7,992 and issued the finder 133,200 non-transferable warrants. Each finder's warrant is exercisable on the same terms as the warrants described above.
Mr. Shirvani, Chief Executive Officer, President and a director of Doubleview, subscribed for 1,415,001 Units under the private placement financing. As a result, the issuance of Units to Mr. Shirvani is considered to be a related party transaction subject to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Doubleview is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of Doubleview's market capitalization.
The securities issued under the financing will be subject to a hold period expiring on January 17, 2014 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
The proceeds from the financing will be used for additional exploration expenditures including geophysical surveys and diamond drilling on Doubleview's fully permitted Hat Copper-Gold alkalic porphyry project in northwestern British Columbia and for general working capital purposes. A field crew has been mobilized to the property to conduct an induced polarization geophysical survey comprising approximately 40 line-kilometres. The Company plans to commence a Phase II program of diamond drilling immediately following completion of the geophysical survey.
The Phase I 2013 exploration and diamond drilling program included six holes with total length1380 metres. The drill program was directed to targets that were identified by historic soil geochemical and induced polarization geophysical surveys and reconfirmed by the Company's 2011 MMI geochemical soil survey. Property location and neighboring properties may be viewed at:
http://www.doubleview.ca/projects-2/hat-copper-gold/hat-and-properties-in-the-area/
Erik A. Ostensoe, P. Geo, a consulting geologist, is Doubleview's Qualified Person as defined by National Instrument 43-101-Standards of Disclosure for Mineral Projects, with respect to the Hat Project and has reviewed and approved the technical disclosure of this news release. Mr. Ostensoe is not independent of Doubleview as he is a shareholder and is a co-optionor of the Hat Project.
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada and is publicly traded on the TSX-Venture Exchange [TSX.V:DBV]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia, Canada. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's ability to implement its drill program on the Hat Property, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Copyright (c) 2013 TheNewswire - All rights reserved.
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
166
|
Created
|
07/01/13
|
Type
|
Free
|
Moderators |
Doubleview Gold Corp. is a Canadian resource exploration and development company located in Vancouver British Columbia. Doubleview is publicly traded on the TSX-Venture Exchange [TSX-V: DBG], [OTC: DBLVF], [GER: A1W038]. Doubleview identifies, acquires, and finances quality base metal exploration mining projects in North America and more specifically British Columbia, Canada. Doubleview increases shareholder value through strategic and quality Gold, Copper, and Silver projects acquisitions, and through the state of the art exploration methods in the industry.
Doubleview endeavours to increase the odds of exploration success and to mitigate investment risk through diversification. Doubleview’s announcement of the Gold Rich Porphyry Copper Discovery on its Hat project in Northwestern British Columbia sparked interest in the Company and this part of the famous Golden Triangle. Doubleview continues aggressive exploration on its Hat Project and plans to advance its other projects in 2020.
Doubleview's Website: https://www.doubleview.ca/
A common comparison to this mining company is Red Chis, which sold for a $1.1 billion evaluation. Based on their most recent filings, the fully diluted share structure of Doubleview is 185 million shares, representing a significant and potentially life-changing opportunity for investors.
August 5th, 2021: Hole 36 announcement: Scandium found: https://www.doubleview.ca/doubleview-drills-907-8-meter-polymetallic-intersect-at-lisle-depositandannounces-ozone-discovery-with-760-4-meter-intersect-1-5-km-from-the-lisle-zone/
August 7th, 2021: Doubleview Gold Corp. interview with Farshad. Topics discussed include scandium, share price, and short sellers. https://www.youtube.com/watch?v=u7ZKWbomnKc
August 11th, 2021: Doubleview Gold Corp. announces plan for additional drilling to occur in late summer/early fall 2021: https://www.doubleview.ca/doubleview-resumes-exploration-program-for-drilling-program/
August 11th, 2021: Doubleview Gold Crop. announces it has awarded 2 million in options to executives and consultants: https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00029564&issuerType=03&projectNo=03260393&docId=5020387
August 25th, 2021: Doubleview Gold Corp. interview with Farshad. Topics discussed include stock shorting, scandium, and future plans: https://www.youtube.com/watch?v=nL1-UWZGwi4
September 10th, 2021: Doubleview Gold Corp. interview with Farshad. Topics discussed include stock being shorted, and strategic metals: https://www.youtube.com/watch?v=GVntH2oxF-E
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |