Issue link: http://resourceworld.uberflip.com/i/294363
www.resourceworld.com 31 A P R I L / M A Y 2 0 1 4 Thompson Creek Metals Company Inc. [TCM-TSX; TC-NYSE; A6R-FSE] achieved commercial production at its Mt. Milligan copper-gold mine 155 km northwest of Prince George. The company also operates the Endako molybdenum mine. Seabridge Gold Inc. [SEA-TSX; SA-NYSE] is advancing its huge KSM Project 65 km northwest of Stewart, northwest BC. The company reported that an independent mineral resource estimate for the recently discovered Deep Kerr Zone hosts an inferred resource of 515 million tonnes grading 0.53% copper and 0.36 g/t gold (5.9 million oz gold and 6.1 billion lbs copper). The zone is open to the north and down dip. Nearby, Pretium Resources Inc. [PVG- TSX; NYSE] has reported many spectacular gold assays from its exploration program at its Brucejack Project in northwest BC. A recent NI 43-101 report stated that the high-grade gold resources in the Valley of the Kings zone (5.0 g/t gold-equivalent cut- off) total 8.7 million oz gold in the measured and indicated categories (15.3 million tonnes grading 17.6 g/t gold) and 4.9 million oz gold in the inferred resource category (5.9 million tonnes grading 25.6 g/t gold). Copper Fox Metals Inc. [CUU-TSXV; CPFXF-OTC] continues to receive good drill results from the Schaft Creek Project 60 km south of Telegraph Creek. The advanced- stage project is owned as to Copper Fox, 25%, and Teck Resources Ltd., 75%, the operator. DDH SCK 13-432, located 200m south of DDH CF415-2011, intersected 0.399% copper, 0.444 g/t gold, 4.39 g/t silver and 0.028% molybdenum over 76.5 metres. Proven and probable reserves are 5.6 billion lbs copper, 5.8 million oz gold, 363.5 million lbs molybdenum and 51.7 million oz silver. Avanti Mining Inc. [AVT-TSXV] is developing the past-producing Kitsault molybdenum mine on Alice Arm (tidewa - ter) north of Prince Rupert. The project has received a BC environmental assessment certificate. Abacus Mining & Exploration Corp. [AME-TSXV], 20%, and joint venture part - ner, KGHM Polska Miedz S.A., 80%, are developing the feasibility-stage Ajax Mine near Kamloops. Proven and probable reserves are 3 billion lbs copper and 2.7 million oz gold for a 23-year mine life at a processing rate of 60,000 t/d. Yellowhead Mining Inc. [YMI-TSX; YHMGF-OTCQX] has a positive feasibility study for its 100%-owned Harper Creek copper-gold-silver, open pit, project 150 km north of Kamloops. An Environmental Assessment certificate is expected in the near future. Commerce Resources Corp. [CCE-TSXV; CMRZF-OTCQX; D7H-FSE] has devel - oped substantial resources at its Blue River Project near Blue River north of Kamloops. Indicated resources total 48.4 million tonnes at 197 ppm Ta 2 O 5 and 1,610 ppm Nb 2 O 5 and inferred resources are 5.4 million tonnes at 191 ppm Ta 2 O 5 and 1,760 ppm Nb 2 O 5 . SHESLAY VALLEY STAKING RUSH UNDER WAY Nothing grabs an investors' attention like a new staking rush. This is currently taking place in the Sheslay Valley west of Dease Lake in northwest BC where Prosper Gold Corp. [PGX-TSXV] has discovered four por - phyry bodies to date. Last fall, drill hole S024 on the Star target returned, from 4.88 metres, 312.16 metres of 0.37% copper, 0.24 g/t gold and 0.69 g/t silver, including 77.12 metres of 0.66% copper, 0.553 g/t gold and 1.11 g/t silver. The Star prospect is 9 km northwest of Doubleview's Hat discovery. Prosper's Pyrrhotite Creek target is only 4.5 km southwest of the Star. Prosper can earn an 80% interest from Firesteel Resources Inc. [FTR-TSXV]. Pete Bernier, President and CEO of Prosper Gold, said, "We have a five-year, area-based permit in hand for up to 200 drill locations. The claims have had little to no work since 2004; however, all eyes are now focused on the Sheslay porphyry copper-gold district with the anticipation that this region could produce multiple new economic discoveries in 2014." Doubleview Capital Corp. [DBV-TSXV] has also made a significant discovery on the adjacent 100%-optioned Hat Project. Drill hole H-11, starting from surface, returned 313.11 metres grading 0.32% copper equiva - lent (CuEq), including 61.08 metres of 0.52% CuEq (including 21.34 metres of 1.05% CuEq), and 51.82 metres of 0.62% CuEq. The hole bottomed in copper mineralization. In an interview, Farshad Shirvani, President and CEO of Doubleview, told Resource World that this has been an under-explored area and he expects more discoveries to be made as there is a favorable geological environment for copper-gold porphyry deposits. Indeed, the Sheslay Valley is along a long line of min - eral deposits that trend NW-SE for hundreds of kilometres. Depending on weather condi- tions, Doubleview expects to start this year's exploration in March that will target the anomaly B and C areas. Shirvani said up to 70 holes could be drilled this year. He added that he has developed an excellent relation - ship with local First Nations. There are old roads nearby that can be rehabilitated to pro- vide access. These discoveries prompted a staking rush in the area. To the south and west of the Doubleview and Prosper ground, Garibaldi Resources Corp. [GGI-TSXV] holds the larg - est land position in the play with 262 km 2 (Grizzly West, West Kaketsa and Grizzly Central). The company has coincident geo- chemical and geophysical anomalies over 15 km. These drill-ready targets, including the Grizzly prospect, will be drill-tested this summer. Alix Resources Corp. [AIX-TSXV] has acquired 460 hectares of claims, called Hackett North, adjoining the eastern bor - der of Doubleview's Hat property. With the Prosper Gold's Star copper-gold porphyry targets looking northeast in the Sheslay Valley west of Dease Lake, British Columbia. Photo courtesy Prosper Gold Corp. MINING