Deer Horn and Cheona Plan Joint Prospecting in Northern BC
Deer Horn and Cheona Metals Plan Joint Prospecting in Northern
British Columbia
Vancouver, BC, Canada, May 25, 2020 – Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer
Horn”) announces it will partner with Cheona Metals to conduct joint mineral prospecting this summer
on highly prospective ground in northern British Columbia. The program will be led by Dr. Lee Groat of
the University of British Columbia and Tahltan entrepreneur Allen Edzerza. Prior to staking lands with
potential mineral targets, Deer Horn and Cheona will obtain the consent of appropriate Indigenous
governments for exploration activity.
Cheona Metals, in which Deer Horn holds a 49% interest, was formed to help Indigenous peoples achieve
social and economic independence through exercise of their inherent rights and title to mineral
resources in their ancestral lands. Cheona explores for minerals in Indigenous territories of British
Columbia and Yukon. Cheona also works with government, NGO, Indigenous and private interests to
rehabilitate mining sites that affect salmon and wildlife habitat. Cheona and Mr. Edzerza were recently
featured in Apple Inc’s 2020 Supplier Responsibility Progress Report.
The Deer Horn/Cheona partnership adds significant opportunities for Deer Horn to explore for a range of
metals including gold, zinc, molybdenum, platinum group metals and nickel. Northern British Columbia
has also produced significant porphyry-type deposits for copper, gold and silver.
“Our intent and strategy in this partnership focuses on Indigenous participation and success,” said Deer
Horn President and CEO Tyrone Docherty. “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.”
Added Docherty, “We’re also excited to have Dr. Groat overseeing the prospecting. He is a longtime
member of our Advisory Board, and we know his knowledge and experience put the program in great
hands. 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.”
Dr. Groat has been a faculty member at the University of British Columbia since 1989, Professor since
2003, and Director of Integrated Sciences since 2007. His main research interests are the geology of rare
element and gem deposits, pegmatites, the crystal chemistry of minerals, and economic geology.
Professor Groat has published more than 150 papers in peer-reviewed scientific journals.
Mr. Edzerza is a prominent First Nations advocate and spokesperson in the natural resource sector. For
the past 25 years, he has also served as Lead Negotiator for the Tahltan Central Council, Chief Negotiator
for the Kaska Nation and held several senior positions in the Governments of British Columbia and
Canada.
About Deer Horn Capital
Deer Horn Capital is committed to exploring for, and providing, strategic and critical metals vital to a low-
carbon economy and for the advancement of technology. The Company’s leadership has a track record
of project monetization with a board and advisory group that includes industry leaders in finance,
mineral property development, geology, mineralogy, solar power, engineering, research and Indigenous
peoples engagement and economic development.
Deer Horn responsibly and ethically explores for metals in British Columbia and Yukon. Deer Horn
proudly adheres to and supports the principles and rights set out in the United Nations Declaration on
the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and
informed consent.
On behalf of the board of directors of
Deer Horn Capital Inc.
“Tyrone Docherty”
Tyrone Docherty
President and CEO
For further information please contact:
Tyrone Docherty
604.789.5653
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of
this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception
of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements
involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking
statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements.
Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the
occurrence of future unanticipated event.