Major new developments this morning in an already hot Sheslay district as Doubleview Capital (DBV, TSX-V) has just confirmed that it’s preparing to return to the Hat Project for a fresh round of drilling to follow up on the dramatic “blockade” hole from last summer that was halted in a zone of Gold-Copper porphyry mineralization at a depth of 270 meters on a 1-km step-out from the Lisle Zone discovery.
With Garibaldi Resources (GGI, TSX-V) drilling an apparent new district discovery 10 km to the east, Hollywood could not have written a better script as the 1–2 “punch” of the Hat and the Grizzly could easily make the Sheslay district the hottest ticket in Canada for junior resource investors who are craving exploration excitement and powerful results.
Drilling at the Hat would clear a 4-month+ logjam at the property following Tahltan leader Chad Day’s “visit” in July that was sparked by political gamesmanship and merely underscored the high stakes involved in this important grassroots discovery from that has had 25 holes drilled into it with increasing success since 2013. The Lisle Zone remains open in all directions. It appears to be just the southeastern edge of a much larger system featuring Sheslay “red stock” in Stuhini group volcanics.
Significantly, Doubleview also confirmed this morning:
- The Hat is getting “direct attention” from some unnamed major international mining companies, attention that included site visits earlier this year;
- In a draft response to Doubleview’s injunction application against the “individuals” involved in the July blockade, these individuals stated, “There has been nothing in the way of (Doubleview) returning to the property to continue its program.”
- A just-concluded comprehensive review of historic and recent data has “significantly expanded” target areas at the Hat (the Hat “Corridor” was last reported to be approximately 3 km x 4 km)
- Doubleview has hired Jo Harris and Associates, a leading community relations consulting group that has guided clients through the approval process for 13 major mines in British Columbia
So is history about to repeat itself?
Almost exactly 2 years ago, DBV President and CEO Farshad Shirvani pulled off one of the most dramatic moments in Canadian exploration in recent years when he returned to the Hat Property for the drilling of a series of holes during extremely challenging overall market conditions that would ultimately spark a district staking rush beginning in late January, 2014. Within just a few months, Doubleview experienced a 10-fold increase in its stock price and the Sheslay region would come to be recognized as the province’s #1 greenfield district by the Association for Mineral Exploration British Columbia.
Doubleview President/CEO Farshad Shirvani and the “Golden Hat”
A “Perfect Storm” is brewing here – more on this developing story in today’s Morning Musings.
Note: Jon holds a share position in DBV. Jon and John both hold share positions in GGI.
Rock n Roll!
Comment by Treb — November 18, 2015 @ 6:10 am
Great NR from DBV for several reasons. Getting positive news from GGI and DBV will propel the Sheslay in to the public eye.
Comment by Tom UK — November 18, 2015 @ 6:15 am
GGI’s drill hole 4 location on map
garibaldiresources.com/i/maps/Grizzly/Grizzly-Central-Magnetics.pdf
Comment by weatheritout — November 18, 2015 @ 6:25 am
Farshad’s a bulldog and has done very well to steer this back to the drilling stage after the July incident. He obviously has some important eyes on the Hat; a stellar hole 1 km north of the Lisle Zone would be a serious game-changer. Would like to see him go to the south as well because I suspect it opens up there too.
Comment by Jon - BMR — November 18, 2015 @ 6:33 am
EQT…off and running
Comment by John - BMR — November 18, 2015 @ 6:37 am
EQT – anon all buying, no selling.
Comment by dave — November 18, 2015 @ 6:38 am
What is PGX waiting for? DBV, GGI hogging all the limelight.
Comment by ConcernedCitizen — November 18, 2015 @ 6:39 am
Kudos to Farshad. I’m pleased he hired the community relations group. Hope Chad Day behaves like a proper leader who can be reasoned with from now on.
Comment by ConcernedCitizen — November 18, 2015 @ 6:43 am
EQT – we are over a mil. in volume. See those 20k to 50k orders, those are family members buying. Take that as a hint.
Comment by dave — November 18, 2015 @ 7:10 am
DBV-The market as no reaction !
Comment by Guy Delisle — November 18, 2015 @ 7:18 am
Investors said the same thing a few hours into trading on the day DBV announced its discovery in January 2014, Guy. DBV will pick up steam, rest assured, as things percolate in the days ahead, and the word spreads.
Comment by Jon - BMR — November 18, 2015 @ 7:23 am
Other news to come soon !
Comment by Guy Delisle — November 18, 2015 @ 7:42 am
That should clear the air about DBV, “great work Farshad ” .
More than one major with visits, this could really get interesting on the next set of holes with lab results.
Comment by Les — November 18, 2015 @ 7:49 am
Dave:
You sound like a broker i once had. Take that as a hint. lol.
Comment by mr kirby h crooks — November 18, 2015 @ 8:06 am
DBV GGI -if the majors toured DBV in the down time, they may be the ones that are going to do the GGI shows, that are in the planning.
Comment by david — November 18, 2015 @ 8:06 am
Looks like EQT wants to test resistance at 15 cents…if it punches through there, things could get really interesting…let’s hope they have some good news to deliver from Garland…
Comment by Jon - BMR — November 18, 2015 @ 8:13 am
Jon, with Dave and his “family” buying under Anon, you know that the news will be GOOD!! I’m hearing that results will be out this week!!
GLTA!!
Comment by Jeff — November 18, 2015 @ 8:29 am
Jon – stockta showing strongest resistance at .14
Mr kirby – was he good
Comment by dave — November 18, 2015 @ 8:30 am
GGI – Cant get my head around how it is down on $750
Comment by George — November 18, 2015 @ 9:09 am
The lull before the storm, George…weakness on low volume is always a bullish sign, especially given GGI’s current chart pattern plus the fundamentals that are behind this…one more bit of news from GGI, and kaboom…my hunch is we won’t have to wait much longer to hear again from Regoci…
Comment by Jon - BMR — November 18, 2015 @ 9:15 am
EQT – remember .14 is resistance and its meeting it now. I know the bids are huge but we also know that can change by the minute. TA has taken a heavy swing upward and could come back for a rest. Let me put to rest the issue about results this week. Ain’t gonna happen, assays about 2 weeks away. the stock is moving up cause it had been exhausted at .10. This is strictly a TA move today. again, no assays this week, but maybe something else.
Comment by dave — November 18, 2015 @ 9:38 am
maybe GGI and DBV will release news at same time for untimate explosion
Comment by kelly — November 18, 2015 @ 9:43 am
Also remember, DGO borders EQT at anomaly “D”.
Comment by dave — November 18, 2015 @ 9:50 am
Actually Kelly, I think DBV and GGI should not release news on same day. IMO they will get more effect by hitting the market with a left and then a right punch on different days. Maybe GGI will tell us something more in next 2 days.
Comment by Tom UK — November 18, 2015 @ 10:24 am
I do not believe DGO volume and double is relative to EQT, I think its the lithium.
Comment by dave — November 18, 2015 @ 10:30 am
I do not believe DGO volume and double is relative to EQT, I think its the lithium.
Comment by dave — November 18, 2015 @ 10:31 am
I just Sold GLH just bought 50 k GGI will put in for another 50 k here seems to be just filling my order .
Comment by 123car — November 18, 2015 @ 10:59 am
Filled will put a order in at 15cents for a 100k see if they want that one .
Comment by 123car — November 18, 2015 @ 11:10 am
Despite the downturn, I found this from pierce points interesting:
This Asian Mining Giant Is Seeking Several New Copper Mega-Mines
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Copper prices have hit their lowest levels in 6 years the last few weeks.
For many players in the industry that’s triggered cutbacks in production and mine investment. But at least one major copper miner sees the current downturn as a “perfect opportunity”.
That’s Japanese integrated producer Sumitomo. Which said this week it is actively seeking new copper projects globally — and probably more than one or two.
As reported by Reuters, Sumitomo’s president Yoshiaki Nakazato told a news conference Tuesday that the firm is on good financial footing, and looking to make acquisitions in the copper space. “We have a perfect opportunity now to make use of strength and pursue good deals that would benefit us in future,” he noted.
And Sumitomo’s M&A plans are ambitious. With the company saying it wants to nearly double its copper production in a very short period of time.
President Nakazato told reporters that Sumitomo is seeking to increase its copper output to 300,000 tonnes yearly, by 2021. Today the company produces just 175,000 tonnes of annual copper — implying a jump of 125,000 tonnes of yearly capacity over the next six years.
That sort of growth would likely require Sumitomo to acquire at least a couple of major mining projects. And perhaps up to four or five operations — which would make the company one of the largest buyers of copper projects seen during the current downturn.
One of the key questions is: where will they look?
Most of the company’s recent moves in copper mining have come in South America. Where it bought a stake in Peru’s Sierra Gorda mine in 2011 and the Cerro Verde project in 2004, as well as Chile’s Candelaria mine in 2005.
That makes the continent a logical place for Sumitomo to shop further — although the company also has interests in copper mines in Indonesia, Australia and Arizona. Developers in all of these places who are seeking funding or a project sale should take note.
Here’s to going on the hunt,
Dave Forest
[email protected]
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Comment by Don — November 18, 2015 @ 11:25 am
Makes one wonder if one of the visitors at the Hat was Sumitomo .
Comment by Les — November 18, 2015 @ 12:57 pm
Exiting times ahead it’s a good day , maybe we will get swallowed up out of the blue , and all be living the dream haha can’t wait to see what the future brings
Comment by T — November 18, 2015 @ 1:56 pm
No way I would invest in a company that is willing to complete a drill program in late November in the mountains of Northern BC. Helicopter supported? The program will cost double what it would cost in the spring=half as many metres drilled.
Comment by John — November 18, 2015 @ 4:19 pm
That’s a ridiculous comment (32). Are you oblivious of the Chad Day blockade? Should DBV postpone drilling till March-April then the share price would likely dive to PGX levels, interest would wane, that’s preferable?
Comment by ConcernedCitizen — November 19, 2015 @ 4:52 am