Greetings from the Sheslay Valley, northwest British Columbia, where BMR is on an extensive research mission to gain an even greater understanding of this rapidly emerging Cu-Au porphyry district (1,500+ sq. km) that clearly has the potential to develop into the most exciting and prolific Canadian exploration story in 2014, though the â??massesâ?? have yet to discover itâ?¦one company, Doubleview Capital Corp. (DBV, TSX-V), is already drilling while two more companies â?? Prosper Gold Corp. (PGX, TSX-V) and Garibaldi Resources Corp. (GGI, TSX-V) â?? are gearing up for drill programs as wellâ?¦
BMR has landed at DBV's Hat Property where drilling has resumed to follow up on a Cu-Au porphyry discovery reported in late January.
Today weâ??re reporting directly from the Hat Property (wireless Internet is available) and as we get settled in, weâ??ll be starting our coverage with excerpts of an interview with DBV President and CEO Farshad Shirvani, and some pictures to give our readers an initial glimpse into how things look on the ground and from the air at the Hatâ?¦much more to come in the days ahead as we gather and organize material from the Hat and elsewhere in the districtâ?¦Doubleview has done an exceptional job setting up campâ?¦also, our visit has opened our eyes to a potential game-changing infrastructure issue â?? direct road access to the Hat Property
Direct Road Access Coming To The Hat?
Our visit is already giving us valuable new insight into infrastructure issues in the Sheslay districtâ?¦of particular importance is the distinct possibility of near-term ground access directly to the Hat from a road that was built by Utah Mines many years ago, branching off from the Golden Bear access roadâ?¦the Utah Mines route, which also passes through Garibaldiâ??s Hat East claims and Ashburton Venture Inc.â??s (ABR, TSX-V) Hackett Property, requires improvements to a bridge, an effort that is expected to be spearheaded by Doubleview with the goal of completion before the start of summerâ?¦this would provide a very economical â??shortcutâ?? route to mobilize personnel and equipment to the the Hat Property, and potentially other properties, as an alternative to long distance and/or fixed wing aircraft supportâ?¦the savings in exploration costs would be substantialâ?¦
Fixing of the Utah Mines route would be a major development, connecting a potential deposit at the Hat by groundâ?¦although remote, overall infrastructure in the Sheslay Valley district suggests that exploration costs â?? and ultimately capital costs to develop any deposits that are ultimately proven up â?? could be significantly less than remote properties elsewhere in the provinceâ?¦weâ??ll explore that issue more in the days aheadâ?¦
The Importance Of Scale
Weâ??ve stated this before but itâ??s worth repeating â?? investors need to grasp the potential size of the Sheslay Valley porphyry system and understand how the strong possibility of a series of deposits over a long and broadening corridor could turn this area into a world class mining mining districtâ?¦there are never any guarantees in the risky exploration business, but this is looking about as good as it ever getsâ?¦so far, the numbers back that up that statementâ?¦only 59 holes have been drilled into this district â?? 48 into the Sheslay Property (42 historically and six by Prosper Gold last year) and 11 by Doubleview, all last year, with DBV just starting a new roundâ?¦remarkably, the â??hit ratioâ?? on those holes is approximately 75% with three important discoveries (still in the early stages) over wide distances â?? the Star target, about 9 km northwest of where we are right now, Pyrrhotite Creek, 4.5 km southwest of the Star, and of course the Hatâ?¦those facts clearly demonstrate that the Sheslay district, for lack of a better term, is
â??pregnantâ??â?¦significant catalysts over the last year have rekindled interest in a geologically prolific area whose time has finally arrivedâ?¦
Exploring The Hat â?? Drilling Follows Up On Anomaly â??Bâ?? Discovery With Anomaly â??Câ?? The Next Target
Refer to the map below and click on the forward arrow to listen to an excerpt of an audio interview (just over 3 minutes) between Jon and DBV CEO and President Farshad Shirvaniâ?? requires Adobe Flash Player version 9 or above):
Updated DBV Chart
Below is an updated 3-year weekly chart for DBVâ?¦notice the recent â??cleansingâ?? of the overbought RSI(14) conditionâ?¦previous Fib. resistance in the low 20â?²s is now supportâ?¦as always, perform your own due diligenceâ?¦as of 8:10 am Pacific, DBV is off a penny at 22 centsâ?¦
http://www.bullmarketrun.com/wp-content/uploa...48x575.jpg
