If you have not already done so, be sure to subscribe to our free BMR eAlerts as eAlert subscribers only will soon be receiving the next video segment (unedited version) with Doubleview Capital (DBV, TSX-V) chief geoscientist Dr. Abdul Razique.
Click on the icon in the top right corner of our homepage and you’ll be able to sign up in less than 10 seconds.
In that segment, Dr. Razique illustrates why the DBV technical team believes areas A, B (Lisle Zone) and E comprise a single large Gold-rich alkalic Copper porphyry system within a much broader Hat Complex that includes several other highly promising potential new discoveries over a mineralized corridor now in excess of 3 km x 4 km.
Meanwhile, by later today or early tomorrow we expect to post on BMR the first excerpt of an exclusive interview with Garibaldi Resources’ (GGI, TSX-V) President and CEO Steve Regoci. More from Regoci during the coming week, both on the BMR site and exclusively to BMR eAlert subscribers.
DBV – I wait with anticipation for the eAlert and at the same time wonder how the drilling is proceeding as to what depth they are at ( hole 24 ) .
Comment by Les — July 5, 2015 @ 7:28 am
It’s reasonable to believe, Les, that if Red Chris is any guide, not to mention other classic deposits, a very rich zone at least 1000 m down is likely there somewhere on the Hat…the trick is to find it…ideally, they have an open-pit scenario that can then later go underground to access even richer grades and extend the life of any mining operation…
Regoci brought up an excellent point in our Friday interview of the possibility of high-grade satellite stand-alone Gold deposit(s) on the periphery of these porphyry systems – this has been seen elsewhere as well…possible locations could be south-southeast of the Lisle Zone (Hoey area, for example) where there are numerous high-grade historical gold showings, and on the southern half of the Grizzly on the halo of a potential large porphyry system at Central Central…this may explain the acquisition of the Golden Bear claims where a 154 g/t Au showing in a 7-m massive outcropping sulphide vein was discovered during road construction…while we’ve focused a lot of attention on the Kaketsa pluton, which is clearly a heat engine for the Grizzly and the district, there’s another important feature (old volcano) at the Grizzly-Teck border with some incredible alteration and nearby surface Gold showings…you can see it clearly on Google Earth…while considering the above, keep in the mind the former Golden Bear Mine was a very high-grade ore body about 30 km to the west of the Grizzly…there’s a good chance the Sheslay district is even more than a system of Cu-Au porphyry deposits, as massive as they may be…so much to be uncovered here…
Comment by Jon - BMR — July 5, 2015 @ 7:46 am
Jon how many segments of video do you have ?
Comment by Guy Delisle — July 5, 2015 @ 8:07 am
Jon got a feeling that its going to be good week with Blessings great stuff things are coming tougher for Farshad and his outstanding team.Thanks for your dedication and hard work in keeping us all informed and on track in some cases.
From the community in Australia and Indonesia many thanks for the support that you bring outside Canada.We are convinced that this is going to reward many people for having faith and trust.
Looking forward to the second interview with Dr. Razique.
Cheers going back to bed
Comment by Eddie — July 5, 2015 @ 9:00 am
Guy, it was a long interview with Dr. Razique which will broken into several segments. This next one will be exclusive to BMR eAlert subscribers, probably issued Tuesday. We expect to post the Regoci clip on BMR by tonight or first thing in AM at latest.
Comment by Jon - BMR — July 5, 2015 @ 9:03 am
Looking forward to all the interview clips – thanks.
Greek vote looks likely to be a NO. Could be turmoil in the markets tomorrow. The unwinding of Greece’s debt could be interesting and gold may rise if things get really nasty with the banks.
Comment by Tom UK — July 5, 2015 @ 9:17 am
It’ll be interesting to see how markets behave tomorrow, Tom, with the “NO” vote in Greece expected to hit at least 60% today based on early returns. Depends what signals come from euro zone leaders and central bankers. Whenever there’s a crisis, it seems the liquidity taps get turned on full blast. Look what they’re doing in China, unbelievable. We could get a surprise tomorrow and markets go up, who knows. Will be fascinating to watch.
Comment by Jon - BMR — July 5, 2015 @ 10:47 am
So the euro will drop, the dollar will get stronger. Wonder how gold will respond?
Comment by Sam — July 5, 2015 @ 12:47 pm
How does Roradero Look Jon, Have they been drilling the northern part of it or result come from Reales?
Comment by Martin — July 5, 2015 @ 12:48 pm
Not so sure the euro will drop, Sam. It held up amazingly well last week. All sorts of possibilities here. If Greece were to exit the euro zone – in effect be pushed out – is it possible the euro could climb with that instability removed? Perhaps. The euro has been looking stronger technically since bottoming in the spring, while the U.S. dollar has its own challenges at the moment. Lots of unpredictability here, wish we had a crystal ball.
Greece seems to want its cake and eat it too – not honor its obligations but still remain in the euro zone. This is what happens when governments run amok and saddle a nation (province or state) with irresponsible spending and bad policies. The Greek Prime Minister has probably burned his bridges with euro zone leaders. They would be wise to tell him to take a hike.
As Germany’s finance minister told the German parliament last week: “A currency union cannot function when one partner says: ‘I am not interested in any of it. I will do nothing, and I will not keep to what has been agreed.’ Trust and reliability are a basic precondition.”
Comment by Jon - BMR — July 5, 2015 @ 12:56 pm
Excellent BMR. I look forward to the information from Garibaldi. Thank you for your efforts.
Comment by Andrew — July 5, 2015 @ 1:00 pm
Jon, no country can be forced to leave the EU; there is no legal mechanism for that. And if there was a legal mechanism it would take a good two years for the transition to happen. So the EZ cannot tell Greece to leave. So get that out of your head. Furthermore, Greece has said they do not want to leave the EZ. This is going to be one interesting duel,I’ll tell you that. And the Greek Prime Minister hasn’t burned anybridges. France, Italy, Spain, Portugal are all behind Greece and its people.
Comment by chris — July 5, 2015 @ 1:16 pm
Absolutely they can be forced out, Chris, one way or the other the plug can be pulled simply because of defaults and the taps being turned off…and euro zone leaders are furious with Tsipras – he has won no favor with them these last couple of weeks in particular with his grandstanding and accusations of blackmail and everything else…Greece represents just 2% of the euro zone economy, and is disproportionately causing a lot of headaches…the best option for both would probably be a Greek exit…Greece has essentially voted twice now for Tsipras the last 6 months…they will have to live with what they get now which will certainly be a period of increased economic chaos…nearly 2,000 businesses are shutting down now each month in Greece…
Comment by Jon - BMR — July 5, 2015 @ 1:52 pm
Jon, you’re banking on the EU forcing Greece’s hand enough that they voluntarily leave. But like I said above, the EU cannot tell Greece to pack up its bag and leave. READ THE EU RULE BOOK. And since Greece doesn’t want to leave, the EU is between and rock and hard place. Second, you wrote that Greece represents 2% of the Eurozone economy. That’s correct, but you fail to mention how French, German, etc banks are up to their ears with bad Greek debt. You think there are a lot of headaches now? Wait until Greek flips the EU the bird and officially defaults, then you will see one massive headache. And Jon, one last question, and I mean no disrespect, but do you support usury? Because that is what Greece is facing. Tsipras and the Greek people have the right to be upset. These are not honest loans any more.
Comment by chris — July 5, 2015 @ 2:21 pm
Economic policy’s we’re ignored for the past 5 years, it is well known that no one pays taxes or pays what thier suppose to in that country, simple as that.
Comment by Tombc — July 5, 2015 @ 2:33 pm
France, Italy, Portugal and Spain are one and all very over extended like Greece and they all can fall like dominos.Hence the potential filure of the E.U. Richard l
Comment by richrd l — July 5, 2015 @ 2:36 pm
Tom,bc,
I agree with you. One news broadcast this morning stated only 30% of Greeks pay taxes. I have also seen a video of Greeks leaping over train station turnstiles so as not to pay. A country cannot exist with this kind of a populace financial mindset. And what about all those affluent Greeks that emigrated to UK in the last few years and took their pretax money with them.
Maybe there should have been a third question on the referendum…..”Are you willing to pay pay Taxes as dictated by law in the future.”
I wonder what the response would have been.
The irony is that the Greek people are going to face AUSTERITY in the near future anyway.
Dont take this situation lightly….if Canadian personal debt keeps climbing…we WILL be in trouble.
Comment by John BMR — July 5, 2015 @ 2:47 pm
Tombc, sure there were people who weren’t paying taxes, but don’t say no one was paying taxes. That’s ludicrous.
Let me put forth a question to you guys: Each Canadian owes just over seventeen thousand dollars in Canadian debt plus their respective provinces’ debt (Quebec for example is sixty-eight thousand). How many people, right here right now, can pay off that money?
What I am getting at is it is easy to point the finger at Greeks at this moment because they are down and out. But you shouldn’t because that WILL be you in the not so distant future. And no amount of physical gold will help you once the supply chain breaks down.
Comment by chris — July 5, 2015 @ 2:52 pm
Listen, I came back from Greece three days ago and it’s was not a pretty sight. But it prepared me mentally of what I will face once this whole house of cards comes tumbling down.
Comment by chris — July 5, 2015 @ 2:56 pm
Maybe now is the time that everyone will say enough!! The Greeks are saying no more austerity and the EU will say no more bail outs. Greece will then leave the Eurozone, the question is will it be orderly or a shambolic exit. It could start happening tomorrow and the Drachma will be in use quite soon.
Comment by Tom UK — July 5, 2015 @ 2:57 pm
It comes down to simple mismanagement. It’s interesting that in Canada, the province in the worst debt situation is Quebec. It also has the highest taxes. People have to realize that governments can only do so much and must live within their means. The Greek government has not lived within its means and has not followed sensible fiscal and economic policies. No one to blame here but the Greeks themselves.
Comment by Jon - BMR — July 5, 2015 @ 3:09 pm
Jon, I don’t know if you will agree with me, but it’s time to blow up this whole experiment. Time to bring back the jobs lost to China back to Canada, U.S. Time to end the Euro experiment. Time to end financial terrorism. And most importantly, time to live within our means.
Comment by chris — July 5, 2015 @ 3:14 pm
An intelligent read.
On Bloom Berg View website… “10 Consequences of Greece’s ‘No'”…
Comment by John BMR — July 5, 2015 @ 3:26 pm
Greek voters rejected the terms of the bailout 63% no , 38% yes. It will be interesting to see what the reaction of the EU will be.
Comment by Les — July 5, 2015 @ 6:03 pm