Fully Diluted: 15,315,931
Deer Horn Capital is unique amongst mineral exploration firms, exploring and developing the only known tellurium property with an NI 43-101 compliant silver-gold-tellurium resource.
Our strategy is to grow the company by partnering with industry leaders in “critical” or “green" minor metals extraction, manufacturing, supply and research as well with relevant governmental and educational institutions.
Deer Horn Capital’s management team and advisory board includes industry leaders in mineral property development and finance, geology, mineralogy, metallurgy, solar power, engineering, research and First Nations engagement and economic development.
Our vision at Deer Horn Capital is to develop Canada’s first sllver-gold-tellurium (Ag-Au-Te) mine at the Deer Horn Property in British Columbia, followed by development of the property’s other mineralized zones that contain tungsten, copper, bismuth, lead, zinc and molybdenum.
By developing and mining the property’s Ag-Au-Te resources, our mission is to provide minerals vital to the solar power industry and new, emerging technological applications related to the advancement of clean energy and the reduction of fossil fuel consumption. By supplying tellurium and silver in particular, we intend to support North America’s shift to a solar electric economy. We will develop the Deer Horn Project as a small-scale mine with a minimal environmental footprint and First Nations sanction and participation.
|Location||West-central BC, 36 km south of the prolific Huckleberry Cu-Mo mine|
|Size||5,133 ha (51.33 sq km)|
|Metals||Ag/Au/Te with W, Cu, Bi, Pb, Zn, Mo|
|Ownership||DHC 50% with option to acquire up to 75%|
|Status||Advanced exploration, positive PEA completed|
|Avge Grades*||Indicated: 157.5g Ag/tonne, 5.12g Au/tonne, 160 pm Te*|
As North America’s only silver-gold-tellurium property with an NI 43-101 compliant tellurium resource, Deer Horn represents a unique mineral asset. Exploration to date has outlined several key mineral zones across a 2.4 kilometer strike length that remain open for expansion in three directions.
On June 6, 2018, Deer Horn reported positive results from an independent Preliminary Economic Assessment (“PEA”) at the Deer Horn Property. The full PEA, which was prepared in accordance with National Instrument 43-101 regulations, is available for viewing here and in its disclosure record can be found at www.SEDAR.com.
PEA Highlights (values shown in $CDN unless indicated otherwise)
Pre-tax NPV (5%) of $56.6 million and internal rate of return of 56%;
The PEA figures were calculated using metals prices of US$1,300 per ounce for gold, US$17 per ounce for silver, US$100 per kilogram for tellurium, US$3.00 per pound for copper and US$1.00 per pound for zinc. The Preliminary Economic Assessment is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Preliminary Economic Assessment will be realized.
Deer Horn plans to operate the project as a high-grade “small mine” under the British Columbia Mines Act. This designation simplifies and expedites the permitting process with considerably lower up-front costs.