2 Advanced Near Term Gold Producers in BC Canada

In early March, I highlighted a couple of gold stocks in British Columbia to my premium subscribers which I believed was on the verge of taking off after the Osisko investment in Barkerville Gold Mines in February and the success of Bob Quartermain's Pretium (PVG) Brucejack Discovery.  Remember British Columbia is known for some of the highest grade gold and silver deposits in the world. One of the companies I highlighted IDM Mining (IDM.V or RVRCF) took off and doubled in value over a two month time span.  They released an updated larger resource and raised close to $11 million CAD.  IDM attracted Premier (PG.TO) Gold as a shareholder.

The company is run by Rob Mcleod, a proven mine finder who sold Underworld Resources for $140 million to Kinross. IDM's flagship project is Red Mountain located in British Columbia's Golden Triangle where there has been great success by other top gold companies such as Seabridge, Pretium and Barrick.  I believe as the gold price returns and with the favorable US to Candian exchange rate more attention will be paid to the advanced high grade-near term production projects in BC like IDM's. See the recent interview with IDM Mining CEO Rob McLeod by clicking on the following link: https://www.youtube.com/watch?v=NYK3QR4y0XM 

 The other company I highlighted which has not yet taken off yet and has remained flat is Discovery Ventures (DVN.V or DTVMF).  They recently announced news that they will be changing their name to MX Gold. Earlier this year, Discovery Ventures (DVN.V or DTVMF) received a permit to mine a 10k ton bulk sample at the Willa Deposit and is working on a small mine permit to start underground mining.  In the news release Discovery believed that once they receive the remaining permits it could take 4-5 month to start underground operations at a rate of 75k tons per year.   http://www.discoveryventuresinc.com/s/news.asp?ReportID=741153 

 The company is continuing to upgrade the Max Mill and tailings facility in the Kootenay Region of British Columbia.  The mill is 132 km north of the Willa Project.  The company has gone through a major transition in 2015 attracting a new CEO Dan Omeniuk who also has given the company a $7 million line of credit.  Dan also owns more than 7 million shares.

   This year in 2016 they announced a new Director of Technical Services Lorne Warner who was involved with the discoveries at Detour Lake and started his career at Placer Dome and Noranda.  The company also announced an amended Preliminary Economic Assessment showing pretty low capex costs.  With all the excitement in the rising gold price attention must be paid to the high grade-near term producers in British Columbia.  Some of these stocks have already doubled or tripled, but others may just begin breaking out.  Discovery is moving higher on big volume.  The company just filed an updated management discussion on Sedar yesterday so some smart investors may have liked what they read. Best wishes, Jeb Handwerger Disclosure: I own securities in IDM Mining and Discovery Ventures.  This means I could benefit off of an increase in price and volume.  Both companies IDM and Discovery are also advertising sponsors of my website which should be considered paid compensation.  This means I have a conflict of interest and you must do your own due diligence. See full disclaimer and current advertising rates by clicking on the following link: http://goldstocktrades.com/blog/featured-companies-on-gold-stock-trades/  Section 17(b) provides that: “It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication, which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.”