Doubleview Capital Corp. Acquires McVicker Property
Doubleview Capital Corp. is pleased to announce that it has acquired the McVicker property, a 793 hectare prospect, which has typical geological characteristics of Volcanogenic Massive Sulphide (VMS) deposits, located in western British Columbia. The mineral tenures were acquired by online staking and are 100% owned by Doubleview.
About the McVicker Property
The McVicker property comprises three mineral tenures with area 793 hectares located 136 Km south of Houston, British Columbia and is 50 km south of the Huckleberry copper-gold mine. Historic work by a major Canadian mining company determined that zinc, copper and gold values are present in stratiform sulphide bands within rhyolitic and dacitic tuff formations that are typical host rocks of Volcanogenic Massive Sulphide deposits. Nine different occurrences of zinc, copper and gold mineralization have been discovered by prospecting and other property work. In 1998 four of the mineral zones were explored by five diamond drill holes with total length 790 metres: a 0.35 metre interval that analysed 75,200 ppm copper and 4,400 ppb gold was reported from historic drill hole TP98-03 (ARIS #25828).
Doubleview is reviewing all available information concerning the McVicker property and is planning a program of initial examination and sampling that will be undertaken later this year.
The above-quoted analyses were obtained from an historic assessment work report and have not been verified in any way by Doubleview Capital Corp.
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
Farshad Shirvani, President & Chief Executive Officer
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 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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