Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV, OTC: DBLVF, GER: 1D4), as previously announced on November 18, 2015, has mobilized its field crew to resume its exploration program at the Hat Gold-Copper Porphyry property in Sheslay District of northwestern British Columbia. This program is designed to immediately prepare the camp for an anticipated winter drill program, while drill core from holes H-23, H-24 and the first part of H-25 will be cut and sent to assay labs in Vancouver.
Drill core samples will be forwarded to independent accredited analytical laboratories in Vancouver, B.C. and analytical results will be announced as soon as they are received and verified.
Cores from drill holes H24 and H25 include rock formations and sulphide mineralization that are similar to and appear to extend 1 km southeast to the Lisle Zone. The Lisle Zone, on the basis of geological and analytical data, is considered to be part of a larger system represented by “Target A”, details of which are presented on the Company’s website at www.doubleview.ca. The current exploration program, that has included a review of the complete property data file, supports the exploration model that links the Lisle Zone to the sulphide mineralization in drill holes H24 and H25. Also highlighted in the review was a 70m historic trench, located about 140 m southwest of drill hole H06 and 600 m south of hole H24, that has similar Lisle Zone-type rock formations and chalcopyrite and pyrite mineralization throughout most of its length.
Overall, the Hat Property sulphide mineralization of chalcopyrite and pyrite is present in an area of 4 km by 3 km. As shown in the Doubleview website, numerous exploration targets remain to be further tested by drilling. The Company’s consultants, on the basis of work to date, believe that there are many opportunities to discover other Lisle Zone-type deposits but also recommend that the now-extended Lisle Zone should remain the primary focus of the current program. An extensive summer program of step-out drill holes to investigate several other areas is in the planning stage.
Doubleview since 2011 has been exploring the Hat Property where a gold-copper alkalic porphyry deposit has been partially explored by technical surveys and more than 8300 metres of drilling in 25 drill holes. Work is fully permitted and a substantial reclamation bond has been lodged with the provincial Ministry of Energy and Mines to ensure compliance with all provisions of the Mines Act. All fieldwork has been conducted with the assistance of locally-based First Nations Companies and personnel.
Mr. Erik A. Ostensoe, P. Geo., a consulting geologist, is Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Ostensoe has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is both a shareholder and a co-optionor of the Hat Project.
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange [TSX-V: DBV], [OTC: DBLVF], [GER: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the–art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risk.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
409 Granville St., Suite #880
Vancouver, BC V6C 1T2
Farshad Shirvani, President & CEO
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 its exploration program on the Hat Property, 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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