Doubleview Capital Corp Announces Commencement of Drilling at Its Hat Property
Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce it has commenced a program of diamond drilling at its Hat copper-gold alkalic porphyry property in northwestern British Columbia.
The objectives of this program are:
- To explore the Lisle Zone at greater depth
- To winterize and make improvements to the camp in preparation for winter drilling
- To re-examine drill cores from early 2013 Anomaly “A” drill holes with reference to additional information gained since our discovery of the Lisle Zone (Anomaly “B”)
The first hole of this current Lisle Zone drilling program, Hole H-23, is collared 111 meters north of Hole H-22 and is designed to pass approximately 203 metres vertically below Hole H-22. Hole H-22, as previously released, gave the best intersection thus far reported on the Lisle Zone: 404 metres of sulphide mineralization that assayed 0.25% copper and 0.255 g/tonne gold and included 118 metres with 0.55% copper and 0.41 g/tonne gold. It is expected that Hole H-23 will provide similar results and also will give us important information about host rock formations and depth continuity of the Lisle Zone. That information is essential to our planning of work in 2015.
Doubleview’s exploration of the Hat Property has shown that the Lisle Zone is drill-indicated over a distance of 962 metres and to about 400 metres depth from surface.
Doubleview’s field crew, in addition to processing newly drilled cores, will review and sample selected drill cores from its initial, May 2013, drill program, most of which was directed to the copper-in-soil geochemical and induced polarization chargeability anomaly designated as Anomaly “A”. That work will benefit greatly from the large amount of data and better understanding that has been acquired subsequent to that drilling.
The Company plans to continue drilling for the next few weeks. Drill cores will be logged and sampled on site and samples will be forwarded to an independent fully accredited analytical laboratory for multi-element analyses. Analytical details will be provided in a further news release immediately after their receipt and verification.
Doubleview management believes that the Hat property represents an important mineral discovery and the Company has invested in numerous camp improvements. Freighting using fixed wing aircraft and a large capacity helicopter has enabled the Company to place a supply of fuels, lumber and drilling muds on site.
A vertical section that illustrates Hole H-22 and the profile of Hole H-23 (in progress) may be viewed on the Company’s website at http://www.doubleview.ca/projects-2/hat-copper-gold/proposedhat23/. This drawing will be up-dated periodically.
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]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia, Canada. 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. Doubleview’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.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
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 complete the balance of the proposed private placement financing, 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.