New Discovery In Central BC Has Tons of Upside Remains Open Up and Down Plunge!
Last year this team found an excellent project in Central BC which had over $25 million of work spent on it with over 400 drill holes. The project had over 400 drill holes with an existing copper resource. No one really looked at th project in 20 years...it was kind of lost in time. So the team took the historical work and digitized it into a computerized database.
The group funded the company internally and then brought on a top CEO who is known in BC drilling the discovery drill hole at the Red Chris mine. Once the company had a top CEO and the new computerized database they then raised $6.5 million to drill in 2018.
Using top geological science led by world experts the drilling resulted in what could be a new disruptive discovery in BC which has caused great excitement among the mining community most notably from Teck Cominco which then came in as a strategic shareholder by investing at a huge premium to the market. Its an ideal location for a mine in Central BC and can be worked year round.
Two rigs are currently turning with over 30 people on site. I expect by the end of July news should start and I expect that to continue after September. With a little bit of blessing and some good science the team hopes to stay up there year round.
There is a lot of interest from the majors in new discoveries in BC. Newmont bought into the Galore Creek Project where they are spending $275 million to become 50/50 partner with Teck. Newcrest paid over a billion to buy 70% of the Red Chris mine this year. South 32 the mining giant has opened an office in BC looking for opportunities.
This company drilling results this year must be watched. This is very high grade gold, copper and zinc asset in a mining jurisdiction with a rule of law and in a location that can be driven to in an area with nearby mines and infrastructure. This team has a track record of building wealth not by luck but time and time again through science, passion and hard work. The timing is excellent now as the program has just started up with news coming in just a couple of weeks possibly following up on best copper drill results in 2018.
To sum up I will quote PI Financial analyst Phil Ker, "The CRD discovery at Stardust...reflects significant exploration upside...remains open up and down plunge...foresee significant upside to build on this exciting discovery...attractive polymetallic high-grade profile." 15k meter program!
Author is biased. He owns shares and they are a featured sponsor company. Sponsors are website advertisers so that means author has been compensated and has a conflict of interest to help boost awareness of this story. The content of this article is for information only. This is not investment advice!