BMR Exclusive Including Interview Excerpt With AME BC
Another dramatic moment Friday morning in British Columbia’s premier “greenfield” project as Garibaldi Resources (GGI, TSX-V) suddenly announced the mobilization of exploration crews to the 270 sq. km Grizzly Property, clearing a 5-week “logjam” in the district.
Tensions in the region escalated after a blockade led by Tahltan Central Government President Chad Day temporarily shut down Doubleview Capital’s (DBV, TSX-V) most recent drill program at the adjoining Hat Project during a critical 1 km step-out from the Lisle Discovery Zone.
While no one denies the Tahltan have legitimate interests in the Sheslay district, the blockade was nonetheless blatantly offside with the 2011 Atlin-Taku Land Use Plan signed between another First Nation, the Taku River Tlingits, and the provincial government, a critically important deal given how recent it is and how it was “co-managed” by a First Nation. The process involved multiple stakeholders, representing a broad diversity of interests, in very detailed discussions and negotiations that spanned several years. The Tahltan elected not to participate in the process.
Land Use Plan Implications
The Land Use Plan serves as not only a strong foundation for Garibaldi’s attempts to pull off a “hat trick” for the district with a 3rd discovery along the emerging world class Sheslay mineralized corridor – we’ll have more on GGI‘s potential strategy at the Grizzly in the coming days – but it’s a “blueprint” (a resource management plan) for the district that gives the advanced Hat Project (24 drill holes completed to date) a huge boost in the eyes of industry leaders we’ve spoken to recently, who have just become aware of the details of the 2011 agreement. And it puts Doubleview in a strong position to get back to the property imminently to complete HAT-25 which was stopped in a zone of Gold-Copper porphyry mineralization at a depth of 270 m, and carry on with additional drilling.
Realistically, given the importance of the Land Use Plan, not to mention a multi-year exploration and drilling permit for the Hat, the odds of a “major” stepping up to the plate at this discovery have probably increased significantly, which may help explain Doubleview’s silence at the moment as well as comments from Garibaldi’s Steve Regoci in Friday’s news regarding “productive discussions with all stakeholders (our emphasis) concerning this emerging world class district.” Regoci appeared to be sending a message, and not just on behalf of Garibaldi.
The entire Hat Project falls within an “Area Specific Resource Management Zone” which speaks to the “certainty” part of Premier Christy Clark’s comments with regard to the Land Use Plan.
“Our agreement,” the Premier stated, “will protect areas that are culturally and ecologically significant. It will also promote our economy, job creation, economic development, and bring certainty for economic development for the future.”
AME BC Interview Excerpt – Part 2
The prolific Sheslay district, spanning hundreds of square kilometers, is very much on the agenda of the Mineral Association for British Columbia (AME BC) as we initially reported in an article August 2.
Click on the arrow below to listen to the 2nd part of an excerpt from our interview with Glen Wonders, AME BC’s Vice-President, Technical & Government Affairs. AME BC, funded entirely by a strong membership, has roots in the province that go back for more than a century, and it was represented at the table in the discussions that led to the historic 2011 Land Use Plan.
Note: John and Jon both hold share positions in DBV and GGI.
OK Boys and Girls.. we have heard of appiwatiskat (sorry for the spelling) but read this… and then figure out where these people lie (as in where they sit) and how these people are trying to get with the program..
vancouversun.com/business/Semiahmoo+First+Nation+members+shock+over+officials+high+salaries/11291548/story.html?ref=yfp
I am so disgusted with the first nation crap and there ‘leaders’ and their total disrespect of their people and who they are supposed to be representing…
Theresa Spence is the best example of how these people behave… I will so support FN’s when they need to.. but self policing MUST occur to reign in the crap…
and thus Chad Day is working on behalf of who???????? one wonders …. the FN environment is outrageous … someone please stand up for the people who matter!!! fk the upper echelon… kinda like where we are..
a revolution… required… man I am so po’d…
Comment by Jeremy — August 16, 2015 @ 4:22 pm
Poignant paragraph..
When tax-free status is factored in, the high salary makes the chief possibly the highest paid politician in Canada. It would take more than $400,000 off-reserve to generate after-tax take-home pay of $267,000.
Comment by Jeremy — August 16, 2015 @ 4:24 pm
Good point, Jeremy – there’s a problem here. A sense of entitlement.
Comment by Jon - BMR — August 16, 2015 @ 4:38 pm
Jeremy – Sounds like your getting po’d on too. I hope they don’t start this cr$p with GGI.
Comment by dave — August 16, 2015 @ 5:13 pm
Good luck with your move D4
Comment by dave — August 16, 2015 @ 5:13 pm
Jon can you elaborate on ”Regoci appeared to be sending a message, and not just on behalf of Garibaldi”
Comment by Martin — August 16, 2015 @ 6:48 pm
Is it possible somebody told me what he said about Tahltan I have much difficulty to understand, my English is not enough good Thanks
Comment by Guy Delisle — August 16, 2015 @ 7:00 pm
John, the consensus on EQT is .22 to .23 by end of week. We shall see if their crystal ball is right.
Comment by dave — August 16, 2015 @ 7:14 pm
Martin, most CEO’s think through their words in a news release very carefully, and I’m sure Regoci is no exception. What struck me was his one sentence regarding the Grizzly which then broadened out beyond the Grizzly as he stated something important in district terms: “Indeed this will be a busy and exciting summer at the Grizzly as productive discussions with all stakeholders concerning this emerging world class district are giving us great encouragement.”
What’s interesting to me are the words, “all stakeholders” in the context of “emerging world class district”, and of course “great encouragement.” He’s referring to more than just First Nations and government IMHO, otherwise he would have simply specifically referenced them (it’s curious he didn’t). He was obviously including DBV and PGX, but even more than that it seems. I interpret that comment as a message that there are even bigger stakes involved here, at least 1 major on the district’s doorstep, and probably on the DBV side given that that’s the most advanced situation at the moment. Just a really intriguing remark the way it was put across. The companies appear to be working together, which is critical, and the maneuvering going on behind the scenes here I suspect is quite fascinating. This has all the ingredients for some serious fireworks as things move forward.
Comment by Jon - BMR — August 16, 2015 @ 7:53 pm
good morning bmrboys I bring you the latest press release from heron resources(HER TEXCH) aug 16 2015 “HERON RESOURCES COMPLETES STAGE 1 EQUITY FUNDING PACKAGE OF $6.8M WITH GREENSTONE” regards walter emond
Comment by walter emond — August 17, 2015 @ 12:00 am
GGI- Do we say bye bye to 6 cents today?
Comment by tony T — August 17, 2015 @ 4:36 am
Quite possibly, Tony. This week is looking good. On the ground at Grizzly, plus assays pending from Mexico. That’s an ideal scenario for a lift, plus new technical strength.
Comment by Jon - BMR — August 17, 2015 @ 5:10 am
Let’s hope so, all indications point north, been a long time comming….
Comment by Tombc — August 17, 2015 @ 5:15 am
Definitely a turnaround in progress in GGI, Tom, good to see. EQT looking strong as well to begin a new week.
Comment by Jon - BMR — August 17, 2015 @ 5:30 am
Both GGI and EQT gonna have good week. GGI .06’s gettin taken out. EQT, some feel .22 this week. This is your typical Monday, few NR and normal volume. I think Fridays have turned into better days than Mondays over the coarse of the last year.
Comment by dave — August 17, 2015 @ 5:36 am
Bids are building on EQT. There should be good volume on it today. Drilling time still on schedule near end of August.
Go GGI!!!
Comment by dave — August 17, 2015 @ 5:52 am
I got a bid in at .055 for GGI Crossing my fingers it gets hit…
Comment by Paul — August 17, 2015 @ 6:33 am
Paul – cross your toes too.
Comment by dave — August 17, 2015 @ 6:42 am
Paul and your eyes!!
Comment by bob — August 17, 2015 @ 7:42 am
Paul, good I luck with that!! Hope you don’t miss the “train that about to leave the station!”
Comment by Jeff — August 17, 2015 @ 8:15 am
I may have to bump my bid up to .06 but I will wait to see it goes today. Not a whole lot of activity this morning. In my limited experience, nothing happens quite as fast as we hope … DBV case in point…
Comment by Paul — August 17, 2015 @ 8:49 am
Ahhhhh Paul, I don’t even think you get the .06 – over 400k on bid
Comment by dave — August 17, 2015 @ 8:50 am
posts# 18-19..lol.. cracked me up!!!
Comment by Greg J. — August 17, 2015 @ 8:52 am
Dave – not that much anymore!! I just need it to hit .055 for a little while..cmon!!!
Comment by Paul — August 17, 2015 @ 9:02 am