Deer Horn Capital - President and CEO, Tyrone Docherty
President and CEO, Tyrone Docherty
Source: Wall Street Analyser
  • Deer Horn Capital (CSE:DHC) is partnering with Cheona Metals to explore land in Northern British Columbia 
  • The program will involve geologists from the University of British Columbia and prominent first nation’s entrepreneur Allen Edzerza
  • Cheona has the exploration rights to several indigenous managed land parcels in the Yukon and northern British Columbia 
  • Prospecting work at the land parcels will be conducted over the summer exploration season 
  • Deer Horn (DHC) is in the grey and is trading at C$0.10 per share

Deer Horn Capital (CSE:DHC) is partnering with Cheona Metals to conduct joint prospecting this summer.

The program will involve geologists from the University of British Columbia and prominent first nation’s entrepreneur Allen Edzerza.

Cheona Metals is 49 per cent owned by Deer Horn and was formed to help Indigenous peoples explore their ancestral lands.

Cheona exclusively explores mineral licenses in Indigenous managed territories in British Columbia and the Yukon, alongside working to rehabilitate former mine sites that affect salmon habitats.

Deer Horn believes it has significant opportunity to locate gold, zinc, molybdenum, platinum group metals and nickel on its exploration targets.

Cheona and Deer Horn have engaged geologist Dr Lee Groat to help with the project. Lee is the editor of the Canadian Mineralologist, the Director of Integrated Sciences at the University of British Columbia and specialises in economic geology.

The companies’ other significant partner on the project is Allen Edzerza, a prominent First Nation’s advocate who served as Lead Negotiator for both the Tahltan Central Council and the Kaska Nation. He has also held several senior positions in the BC and Canadian Federal Governments.

Deer Horn’s President and CEO, Tyrone Docherty said the company’s focus is on successful indigenous participation. 

“We benefit by gaining access to highly prospective ground that has been under-explored, while our cooperation with Indigenous groups facilitates permitting, subsequent exploration and Indigenous opportunities.

“It’s a win-win, especially if our work leads to a significant mineral discovery in which both Deer Horn and Indigenous partners can prosper.

“It also allows us to combine hard science for mineral exploration with Indigenous mineral knowledge gained over 10,000 years of being on the land,” he said. 

Deer Horn (DHC) is in the grey and is trading at C$0.10 per share at 3:03 pm EDT. 

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