Sheslay Valley Cu-Au Porphyry Play Heats Up More

Sheslay Valley Cu-Au Porphyry Play Heats Up More

Significant news this morning from Ashburton Ventures Inc. ( ABR, TSX-V ) which adds further support to the theory that Doubleview Capital Corp’s ( DBV, TSX-V ) recently announced discovery at its Hat Property may extend for a considerable distance to the east and southeast…

Besides staking additional claims, Ashburton has reported that a “large gossanous zone” has been observed, through recent flyovers, along the western edge of its Hackett Property contiguous to Doubleview’s Hat Property and within just 1,000 meters of DBV’s discovery holes …DBV’s discovery, as we showed in an updated map last week, is within a parallel trend dipping southeast that begins at least nine km to the northwest at Prosper Gold Corp’s ( PGX, TSX-V ) advanced Star target…several of these parallel trends appear to exist throughout the Sheslay district, extending all the way through Garibaldi Resources Corp.’s ( GGI, TSX-V ) massive Grizzly Property south to Teck Resources Ltd.’s ( TCK, TSX ) Eagle Project…

The existence of a large gossan on the western edge of the Hackett is interesting indeed, and this is also very close to the historical “Hoey” showing that appears to be on Doubleview’s ground…besides “Anomaly B”, where DBV has made its discovery, 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 at the Hat…as DBV stated in its Jan. 20 news release, “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 two 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.”  Given what Ashburton is now reporting, it’s quite conceivable that any deposit at the Hat could extend onto ABR’s Hackett Property with continued potential going east and southeast… Garibaldi ‘s acquisition of the Hat East and Hat East 2 claims to add to the Grizzly (plus the staking of Grizzly strike extension claims) represents a growing understanding of this whole system…

Below is a close-up look at the Doubleview discovery area…for scale purposes, keep in mind that this area – as significant in size as it is – represents just a small slice of the massive Sheslay pie which is a growing mineralized district covering at least 600 sq. km…

Close-up view of the Hat Discovery area (a BMR modified map from the most recent area map released Friday by Garibaldi). The dotted lines represent the trend that begins at Prosper's ground at least 9 km to the northwest. It's possible there could be another mineralized trend above this one to the north.

Ashburton Ventures Inc. (ABR, TSX-V) Updated Chart

Below is an updated chart to assist our readers with their own due diligence regarding Ashburton …since the summer of 2012, the stock has traded in a horizontal channel between support at 3.5 cents and resistance at 10 cents…in addition to its presence in the Sheslay Valley, ABR is focused on PGE exploration in the Yukon in the immediate vicinity of Wellgreen Platinum Ltd.’s ( WG, TSX-V ) deposit… as of 7:00 am Pacific , ABR is unchanged at 6.5 cents…

Prosper Gold Corp. (PGX, TSX-V)

Prosper Gold Corp. ( PGX, TSX-V ) has been perking up recently and of course is a very important player in the Sheslay district with its nearly 70 sq. Sheslay Cu-Au Porphyry Project that hosts at least five porphyry targets, four of them within a 12 sq. km area (Star, North Star, East Star and Copper Creek)… Prosper is gearing up for a 2014 drill program that will step-out beyond the Star to test the theory that at least some of those targets are connected to the Star as one very large porphyry system…alternatively, Prosper could be looking at a series of potential deposits while the same holds true for Doubleview and Garibaldi …

The 2.5-year weekly PGX chart shows increased momentum with a resistance band between 50 and 65 cents… as of 7:00 am Pacific , PGX is off a penny at 41 cents…