QIS Update #11 - 2018 - All about Deer Horn Capital - June 21st 2018
Included in this update:
- New promotional video for Deer Horn Capital
- Deer Horn Capital announces that Purdue University develops Tellurium-based material for faster and smaller transistors.
- Significant Copper and Tungsten porphyry targets included in Deer Horn PEA
This QIS Update is all about Deer Horn Capital (DHC:CSE). We have seen a tremendous increase in share value over the last three months as the company develops its gold-silver-tellurium property in north-central BC. We started our coverage with the $0.10 financing for accredited investors and then followed up with a full company profile at $0.17 in mid-April. The company has since completed a comprehensive Preliminary Economic Assessment on its property which shows promising commercial opportunities. We have also seen a number of media articles recently on the uses of tellurium which continues to raise the profile of this rare metal. Today Deer Horn Capital is trading at a new 52-week high of $0.54.
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Deer Horn Capital Inc. (DHC:CSE)
Current Price: $0.54 (coverage commenced April 10/18 - $0.17)
InvestmentPitch Media has produced a "video" which provides a brief overview of Deer Horn Capital.
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PURDUE UNIVERSITY DEVELOPS TELLURIUM-BASED MATERIAL FOR FASTER AND SMALLER TRANSISTORS
Deer Horn Capital Inc. has noted that researchers from Indiana's Purdue University have developed a new material called tellurene, created from the rare element tellurium, that allows electrons to move at faster speeds than in other materials. According to the researchers, this characteristic could be exploited to create faster and/or smaller transistors that can switch higher currents.
Other important properties of tellurene, according to the researchers, are its stability at room temperature and the fact that it can be produced quite easily. Other tellurene-like, two-dimensional materials, such as graphene, are unstable at room temperature or difficult to produce in large quantities. More information can be found in a recent article titled "Is Tellurene the New Graphene?" published in Elektor Magazine of London, United Kingdom.
"This is a good example of how science and industry continue to learn more about tellurium and find new applications for the metal," said Tyrone Docherty, Deer Horn's president and chief executive officer. "Tellurium is significantly rarer on this planet than even the rare earth metals, and it's certainly rarer than gold. Our Deer Horn gold-silver-tellurium property in west-central British Columbia contains one of the few known National Instrument 43-101 resources of tellurium. So, we watch any of these new developments with great interest."
Mr. Docherty also noted that tellurium is growing in importance for use in thin-film, cadmium-telluride solar panels. "The solar power industry continues to embrace cadmium-telluride panels, and they're now the world's second-most utilized solar cell material. As sales increase, solar panel manufacturers are looking for secure and reliable sources of tellurium."
Deer Horn director Matt Wayrynen, chief executive officer of Solar Flow-Through Funds, one of Ontario's largest solar power developers, noted: "We are watching the development of cadmium-telluride panels closely. They're cheaper to produce than silicon-based panels, and there is abundant research ongoing to improve their efficiency."
Deer Horn recently reported positive results from an independent preliminary economic assessment at the Deer Horn property, where the company is planning to conduct further drilling to both expand and upgrade the current gold-silver-tellurium resource. "Our intent is to use this additional information towards a preliminary feasibility study to put the Deer Horn property into production," said Mr. Docherty.
SIGNIFICANT COPPER AND TUNGSTEN PORPHYRY TARGETS INCLUDED IN DEER HORN PEA
Deer Horn Capital Inc.'s updated preliminary economic assessment (PEA) noted important porphyry-style occurrences of both copper and tungsten at the company's 51-square-kilometre Deer Horn property, in addition to the gold-silver-tellurium resource as reported in Deer Horn's June 6, 2018, news release.
Copper showings northwest of the current PEA resource provide evidence of a porphyry system
In September, 2012, prospecting and surface sampling identified several copper-gold-silver porphyry-style showings northwest of the indicated and inferred gold-silver-tellurium resource. A second area of anomalous porphyry-style copper-gold mineralization occurs on a ridge crest 1.8 kilometres northwest of Kenney Lake on the property.
"All of the newly discovered showings warrant follow-up examination," noted the PEA authors. "The copper showings, known as Pond and H-Spot, are discoveries of bulk tonnage, porphyry-style copper and/or silver mineralization and associated alteration."
According to the PEA, "These new showings, and their broad distribution, may be evidence of a largely hidden porphyry copper system."
"Economic porphyry deposits are in great demand worldwide," said Deer Horn president and chief executive officer Tyrone Docherty. "That's why one of our priorities is to gain more information about these discoveries at Deer Horn. Certainly the metals and the geological settings discovered to date justify a lot more exploration. While our primary focus is to develop our gold-silver-tellurium resource, the porphyry targets are generating a lot of interest."
Tungsten showing may indicate a separate tungsten porphyry
There is also an important tungsten showing at Deer Horn, called Harrison scheelite, which was discovered in 1943 approximately one km southwest of Lindquist Peak. The showing is centred just 250 to 300 metres west of the current PEA gold-silver-tungsten resource.
As noted in the PEA: "The main apron of anomalous talus has a sinuous northwest trend and covers an area measuring 485 m long by an average of approximately 50 m wide (Duffell, 1959). Systematic sampling of talus from the area yielded an average of 0.34 % WO3 (Duffell, 1959). A 40 m long trench was excavated through the talus to bedrock. Bedrock samples collected from the western part of the trench averaged 0.84% WO3 over 18 m and bedrock samples collected from the eastern part of the trench averaged 1.55 % WO3 over 22 m (Duffell, 1959). Sampling of the second, smaller apron of talus produced modest results."
The tungsten occurrence "... may be regarded as a porphyry tungsten system (Sinclair, 1995a). Additional exploration of the tungsten is recommended."
"The Deer Horn property is emerging as a very valuable, multi-target project that warrants extensive exploration and follow up," said Mr. Docherty. "Truly, if all we had on the property was the tungsten we'd be thrilled. But we have an abundance of exceptional opportunities. We're now working with our geological teams to design an exploration program that will evaluate all these targets."
Added Mr. Docherty: "We are in the right region for this type of polymetallic potential. The Huckleberry copper-molybdenum mine, the Endako molybdenum mine, the Equity silver mine and the recently discovered Ootsa copper-gold-molybdenum deposit all lie within our same geological area. We have also discovered molybdenum at Deer Horn, which we will discuss in future disclosures."
Qualified persons, quality control and assurance
The independent qualified persons responsible for preparing the Deer Horn PEA are Tracey Meintjes, PEng, of Moose Mountain Technical Services (MMTS), Marc Schulte, PEng, of MMTS, Bob Lane, PGeo, of Plateau Minerals Corp. and Gary Giroux, MASc, PEng, of Giroux Consultants Ltd., all of whom act as independent consultants to the company, are qualified persons as defined by National Instrument 43-101, and have reviewed and approved the contents of this news release.
Deer Horn Capital has a very tight structure following a 5:1 share consolidation in February 2018. The company has just 14 million shares outstanding and even with the price movement to $0.54, Deer Horn still has a modest market capitalization of around $7.6 million. Given that the company has already announced that it is preparing for a summer work/drilling program we expect that Deer Horn will be looking to raise additional funds in the near future
The corporate information provided in this report is for informational purposes only. While every effort has been taken to provide accurate information, the completeness or accuracy of such information is not guaranteed. Certain statements in this report may constitute “forward looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. The company profiled assumes no liability for the information presented. The information contained in this report should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. Trading accounts, including personal, family and corporate accounts, under the control of QIS Capital management currently hold 200,000 shares of Deer Horn Capital Inc. QIS Capital is engaged in an advertising agreement with Deer Horn Capital Inc. and may trade the company’s common shares. No stock exchange has approved or disapproved of the information contained herein. Copyright ©2018, QIS Capital Corporation.