British Colombia is well known as an excellent jurisdiction to explore for and find mineral deposits. BC is home to several operating mines and will add one more to the list very shortly as Imperial Metals’ Red Chris mine is in the commissioning phase.
The search for the next big deposit is on in Northern British Columbia with a large portion of ground staked and currently being worked on by small juniors all the way up to the majors. Who will be the next one to find an economic deposit? The question remains but I would bet a couple will be found.
News out of tiny junior Doubleview Capital (DBV:TSXV) caught the eye of a few people in the CEO.ca live chat this afternoon.
Geologist Rob McLeod, credited with Underworld Resources’ White Gold discovery in the Yukon which sold to Kinross in 2010, brought the discovery news release to the attention of readers.
“Bam! Great discovery hole from #DBV http://finance.yahoo.com/news/doubleview-drilling-returns-highest-gold-223700543.html,” Mr. McLeod stated. He continued, “They had been drilling alot of smoke Cu-Au in northwest BC; these are Red Chris grades, and could be on the cusp of something special; I saw Eric Ostensoe yesterday and he said he had news coming, as excited as a septugenarian can get.”
We will see how Doubleview responds in the market tomorrow morning. Prosper Gold hit a similar hole last summer with little to no market reaction.
Mr. McLeod commented on the similarities between Prosper and Doubleview. “Both projects are quite similar; #PGX has the benefit of some supergene enrichment near surface which results in spikier grades; I think some of the drilling around that hot hole weren’t as high-grade. I believe there are some other untested targets nearby. #DBV looks to be a more extensive system, with anomalous surface results and some drill holes over a broader area. In summary, a larger target.”
I did some digging and it looks like Doubleview will need to raise money soon as they are likely running low on funds after the current drill program.
Discuss the Doubleview drill hole in the CEO chat here.
There were 30+ people talking about the junior resource markets today including several active traders.
I look forward to seeing you in the chat.