BullMarketRun.com

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.

Disclaimer:

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