Pete Bernier’s Prosper Gold Corp. (PGX, TSX-V) has commenced drilling as well as airborne and ground geophysics at the highly prospective Sheslay Copper-Gold Porphyry Project in northwest British Columbia, a 68 sq. km property that features a minimum of 5 porphyry targets. Phase 1 drilling is focusing on the most advanced target known as the “Star” where PGX may go as deep as 800 metres. Not surprisingly, Bernier’s team is moving at high speed on the ground and the company is aiming to report initial assay results during the 1st part of next month.
Prosper Gold began trading today after its qualifying transaction was given final approval from the Venture Exchange at the end of last week. While volume was relatively light on the opening day following the closing of the QT, PGX hit a new all-time high of 60 cents and finished at 49.5 cents, an 18% increase over its last closing price in early May when the Sheslay deal was announced and the stock was halted for the normal Venture approval process. Expect activity to ramp up significantly as September progresses as this top quality exploration story gains traction with a wider audience, and speculation builds. Initial results aren’t far off – Bernier doesn’t waste time and gets right to the task at hand.
BMR conducted an extensive interview this afternoon with Bernier, whose last deal – Richfield Ventures – was bought out by New Gold Inc. (NGD, TSX) for half a billion dollars in 2011 after his team made a multi-million ounce Gold discovery at Blackwater in central British Columbia. Exploration at Blackwater, like the Sheslay, started in the 1950’s. But it took award-winning geologist Dirk Tempelman-Kluit to unlock the mysteries of Blackwater between 2009 and 2011, and that’s now his task at the Sheslay which is right on trend with major Copper-Gold systems to the southeast.
Click on the forward arrow below to listen to the 1st excerpt (4-and-a-half minutes) of the discussion (audio) between Jon and Bernier (requires Adobe Flash Player, version 9 or above). More throughout the rest of the week.
[audio:https://bullmarketrun.com/wp-content/uploads/2013/09/BernierPGXclip1.mp3|titles=BernierPGXclip1]
Pete Bernier (left) and Dirk Tempelman-Kluit (right) were the 2011 AME BC Award Recipients for Excellence in Prospecting and Mineral Exploration.
Jon – Where is the arrow? Can’t see it on my screen. Anybody else?
Comment by Dan — September 3, 2013 @ 5:25 pm
Dan, you have to have Adobe Flash Player installed (version 9 or above) to play the clip. If you don’t have it, you should see a link to download the latest version.
Comment by Jon - BMR — September 3, 2013 @ 5:37 pm
Right you are – Thanks Jon
Comment by Dan — September 3, 2013 @ 5:45 pm
Hopefully,we can hear something as aggressive happening with the Grizzly property.GGI aren’t exactly great promoters of their stock.The highest they’ve been able to get it in the past 10 years is $0.83.Though I will say that they’ve mostly been involved in non-sexy dime-a-dozen Mexican plays.
GGI has a huge opportunity to pump their stock bigtime over the next while.Now we get to see if they can take that next step,or whether they aren’t up to the task and they will have to ride PGX’s coattails.Promotion is a huge part of any play,and we’ll get to see how GGI handles that part when they finally have a property that is a notch above.Could we be looking at a Pebble type of play?
Comment by Jim Niles — September 3, 2013 @ 5:52 pm
Well, it appears the Syria dispute is playing in a negative way on
our market, so we continue to be at the mercy of world events. As
for PGX, speaking for myself, i will not consider buying at current
price. even if i fail to get a position. I will not chase PGX, nor
will i buy, only to watch it move down. I have to be comfortable
with my moves, otherwise i will sit idly by & try to find something
as compelling as PGX., according to our writer Jon. R !
Comment by Bert — September 4, 2013 @ 6:05 am
Further to my previous post, the financiers have determined that
that this stock (PGX), is only worth 0.35 & nothing more. Considering
the terrible market we are going through, the sellers, without news
& with time, will drag this stock back to approximately 0.35. i will
not allow the hype to interfere with my decision. R !
Comment by Bert — September 4, 2013 @ 6:18 am