Doubleview is pleased to provide a shareholder update on its mineral projects located in British Columbia.
HAT COPPER GOLD PROJECT
The Hat project is a highly regarded copper-gold alkalic porphyry-type exploration property located in the prolific Stikine district of northwestern British Columbia. Doubleview has an option to acquire a 100% interest in 1,892 hectares where historic rock and soil geochemical and geophysical surveys and Doubleview’s due diligence sampling have outlined five initial target areas. A strong pattern of copper- and gold-in-soils geochemistry and induced polarization (chargeability and resistivity) responses will be further investigated by a geophysical survey and diamond drilling.
Doubleview has obtained a drilling permit and, subject to financing, plans to commence work when field conditions allow access to the property. A 2,500 metre drill contract has been negotiated with an established drill contractor.
MT MILLIGAN NORTH COPPER-GOLD PROJECT
The 11,746 hectare wholly owned Mt Milligan North property, located 150 km north of Ft. St. James, B. C., is being explored by Doubleview on the basis of historic technical survey works, including geochemistry and airborne geophysical surveys, that indicate the possible presence of a porphyry-type copper-gold deposit. Work in 2011 by Doubleview confirmed geologic characteristics similar to those found at a nearby cluster of deposits that are under development at capital cost of more than $1 billion.
In November 2011, Doubleview acquired 2506 hectares land adjacent to its Mt Milligan North Property, which has been explored by a major mining company. Their exploration study has shown a large Copper – Silver target utilizing Tree Bark sampling. The Company in 2012 will continue field work and data evaluation on all its targets and may initiate a drill test of one or more sites.
METROPOLITAN GOLD-SILVER PROJECT
The Metropolitan gold-silver property is located at high elevation in the historic Lardeau mining camp of the West Kootenay district of southern British Columbia. Exploration in the district, in response to robust precious metal prices, is very active and most of the mineral prospects are being re-located, re-examined and re-sampled. Doubleview’s tenures include two properties that were formerly small producers of high grade silver ores.
In 2012, Doubleview plans to conduct a survey of its Kootenay area mineral tenures in order to locate historic sites that will then be evaluated.
Doubleview Capital Corp. is a public company with Tier 2 TSX Venture Exchange listing and has 12,424,042 common shares issued and outstanding.
Erik A. Ostensoe, P. Geo, a consulting geologist, is Doubleview’s Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure of this news release. Mr. Ostensoe is not independent of Doubleview as he is a shareholder and is a co-optionor of the Hat Project.
On behalf of the Board of Directors,
Neil MacDonald, CFO
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
T: (604) 678-9587
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview’s control. Such factors include, among other things: risks and uncertainties relating to Doubleview’s ability to implement and complete an exploration program on the Hat Project, Mt. Milligan North Property and Metropolitan Property, Doubleview requiring additional financing in order to implement its proposed exploration programs on the Hat Property, Mt. Milligan North Property and Metropolitan Property; Doubleview’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.
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