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June 28, 2017

Where Some “Shock And Awe” Could Come From To Ignite The Venture: Part 1

BullMarketRun.com Special Report – Part 1

The most effective cure for the Venture’s 10-month consolidation and any “summer doldrums” in the junior exploration market would be a unique and significant drilling discovery somewhere, one that could provide “shock and awe” and rewrite the geological playbook in a particular region.

British Columbia’s prolific Golden Triangle offers that opportunity.

Not only are Eskay Mining (ESK, TSX-V) and Silver Standard Resources (SSO, TSX) confident they can hit the jackpot at ESK’s SIB Property, an Eskay Creek look-a-like immediately on strike from the world famous mine, but a property less than 10 miles to the west-southwest – the E&L at Nickel Mountain – is rapidly emerging as this summer’s “surprise story” in Canadian exploration as geologists hit the ground there imminently and prepare for drilling.  They have a bull’s-eye Nickel-Copper massive sulphide target.

Silver Standard, an original explorer at the E&L half a century ago, still holds an NSR on part of the property now 100%-owned by Garibaldi Resources (GGI, TSX-V).  GGI scooped up the E&L and its historic resource on favorable terms near the bottom of the bear market and then quickly consolidated more than 60 sq. km of claims around it.

Dr. Peter Lightfoot

So much has been learned through a major reinterpretation of historic E&L data in addition to sampling and a just-completed VTEM that Dr. Peter Lightfoot – one of the world’s leading Nickel sulphide experts who has written the only textbook on the Sudbury Nickel Camp – says the E&L now has to be considered “in the top quartile of early stage Nickel sulphide prospects in the world.” 

That says a lot from an individual who spent 2 decades as chief geologist with Inco and Vale, responsible for exploration programs at Voisey’s Bay, Sudbury and Thompson, and now serves the industry through Lightfoot Geoscience.   The E&L will lead to a new exploration model for Nickel sulphide deposits in the Canadian Cordillera if his hypothesis for the project proves correct.

As it stands at the moment, the E&L is the only Nickel-Copper-rich magmatic massive sulphide system in the entire Golden Triangle, and it’s nestled in the heart of a district with phenomenal metal endowment:  Eskay Creek produced over 3 million ounces of Gold and nearly 160 million ounces of Silver at grades of approximately 50 g/t Au and 2,400 g/t Ag; the Snip churned out 1 million ounces of Gold at a grade of 27.5 g/t and is currently being explored for new vein systems; Seabridge Gold’s (SEA, TSX) KSM is one of the largest undeveloped resource projects in the world with 39 million ounces of Gold and 10.2 billion pounds of Copper in Proven and Probable reserves; and Pretium Resources (PVG, TSX) just poured its first Gold with planned production of 500,000 ounces per year at an average grade of 16 g/t.

The history of the E&L, and why it was overlooked, is fascinating.  The project is also following a classic pattern of how major new discoveries are made in this business when old assumptions are challenged, modern science and technologies are applied, fresh interpretations are made and the “truth machine” is put to work.

In this week’s multi-part investigative series, we’ll cover the full E&L story including the following:

  • How a very promising near-surface Nickel sulphide drilling discovery in the mid-1960’s got sidetracked by 1970 when geologists decided to drill from underground;
  • What geologists in the 1960’s didn’t know about the E&L and Nickel suphide deposits that geologists know NOW – and why that’s such a dramatic “game changer”;
  • How a prolific Nickel sulphide belt in China could be the analogue for Nickel Mountain.

Dr. Lightfoot will discuss a range of topics that will give investors a clear understanding of the E&L’s unparalleled potential in B.C. for a breakthrough Ni-Cu-rich massive sulphide deposit with precious metal and Cobalt values.

Join us tomorrow for Part 2.

Note:  John, Jon and Daniel hold share positions in GGI.  Jon also holds a share position in ESK.


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  1. Jon, that elusive PP. Have you heard anything and do you expect an update this week via NR outlining the plan of attack?

    Comment by Dan1 — June 28, 2017 @ 6:13 am

  2. hi Jon What is happening with csr, cpo, cuz, now that csk is gone and fcc is on halted for a long time. what are your thoughts on cobalt 27 effects on the little guys. they have alot of market value in shares to throw around.

    Comment by donald — June 28, 2017 @ 6:20 am

  3. Dan1, I believe GGI outlined its plan of attack in the updated E&L presentation and it makes sense to me that we will see something important on the news front within the next 3-5 trading sessions…remember, Geotech June 30 (Friday)…troops on the ground…drilling starts soon…has the makings of a big NR immediately after Canada Day, we’ll see…they would probably wrap much into that including the PP…

    Comment by Jon - BMR — June 28, 2017 @ 6:26 am

  4. I don’t think FCC will be halted for very long, Donald…anyway, the supply of stocks to choose from dwindles when takeovers occur which is positive for all remaining players in that Camp…Cobalt 27 is on the hunt to do business, armed with lots of cash and a huge market cap backed by physical Cobalt…should get very interesting!

    Comment by Jon - BMR — June 28, 2017 @ 6:50 am

  5. Jon.. Do you know in what area ” devils canyon” is located? I’m guessing Wells or Quesnel?

    Comment by GregJ. — June 28, 2017 @ 7:05 am

  6. Gregj, indeed that’s in B.C., where John Horgan, Dr. Weaver, and David Suzuki hang out…

    There’s also a Devil’s Canyon in Wells…

    Comment by Jon - BMR — June 28, 2017 @ 7:40 am

  7. Good one!!.. lol.. UMB-V… halted..

    Comment by GregJ. — June 28, 2017 @ 7:51 am

  8. Very strange CXO, ESK, TUO,MTS, ABN all golden triangle stocks getting ready to drill and virtually no trading volume in any of them. No one watching or does no one care?

    Comment by Gregh — June 28, 2017 @ 8:23 am

  9. Abn closing a pp.

    Comment by STEVEN1 — June 28, 2017 @ 9:21 am

  10. Looks like its going to be good week for GGI.Over 500K traded so far this week.Just imagine what happens when we get a long overdue NR.Hopefully all hell will break loose then.

    Comment by pole — June 28, 2017 @ 10:18 am

  11. Jon – thanks for all the insight.

    Let’s say that CSR is being targeted by Cobalt 27. What kind of a premium do you think would be necessary for a successful buyout?

    Comment by Marshall — June 28, 2017 @ 10:20 am

  12. 2 takeovers (in progress) already in the region, Marshall…Cobalt 27 is on the prowl…CSR’s Re-20X process for Cobalt recovery, developed initially in conjunction with the National Research Council over a 6-year period, by itself is worth more IMHO than CSR’s current market cap…

    Comment by Jon - BMR — June 28, 2017 @ 10:38 am

  13. Jon

    being the conspiracy theorist that I am do you think CSR’s share price is being held back by certain people that would like to buy them out… cobalt 27?

    Hopefully Frank wouldn’t let this go for less than 150 mil…

    Comment by greg — June 28, 2017 @ 12:37 pm

  14. Jon
    what do you think of these comments:

    posted June 28, 2017 09:25 pm by snarkles

    They are not drilling into the known grade first. They will not be drilling in 10 days. They are going to twine some holes away from the known grade first before any drilling

    Comment by greg — June 28, 2017 @ 7:31 pm

  15. Someone who obviously has no idea what they’re talking about, Greg. “Twin some holes away from the known grade first before doing any drilling”. Does that statement actually even make any sense to you???

    Ground truthing of conductors first and then drilling starts at the known resource – the GGI map says it all.

    Comment by Jon - BMR — June 28, 2017 @ 8:21 pm

  16. Thanks Jon

    Comment by GREGH — June 28, 2017 @ 8:27 pm

  17. Cobalt at yet another new high, $26.99.

    Comment by Jon - BMR — June 29, 2017 @ 3:58 am

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