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.
