Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce that it is designing an induced polarization geophysical survey as part of the next phase of its exploration of the Hat Project. The survey will supplement historic geophysical data and provide additional coverage in areas of the Hat Project where deep overburden and marshy ground have restricted gathering of technical information. Doubleview’s field crew is currently preparing a grid of measured lines for the induced polarization geophysical survey. The Phase 2 exploration program of diamond drilling and ground geophysics will commence when additional financing has been arranged.
The initial program of diamond drilling comprised six drill holes with total length 1380 metres. Drill holes Hat 1 – Hat 5 intersected altered andesitic volcanic rocks and dioritic intrusive rocks with short intercepts of weak to strong pyrite and chalcopyrite mineralization but did not fully account for the anomalies. Drill hole Hat 6 was the initial test of a separate geophysical target located 800 metres south of holes Hat 1 – Hat 5. As previously reported, pyrite and chalcopyrite mineralization was encountered in Hat 6 drill hole from near surface to approximately 250 metres. Drill cores have been logged and sampled on site and have been submitted to an accredited laboratory for analysis by industry-standard procedures. QA/QC protocols are being observed. Analytical results will be released when they are received. Core from drill hole Hat 6 has not been examined by the Company’s Qualified Person.
About the Hat Project
The Hat Project is a highly regarded early stage exploration prospect, with a history of surface exploration (Historical exploration timeline is available on the company’s website), situated in the Stikine District of northwestern British Columbia where several large copper-gold properties are being actively explored, including Red Chris (Imperial Metals), Schaft Creek (Copper Fox), and Galore Creek (Novagold and Teck), where permitting, environmental studies and pre-feasibility and feasibility studies, and at Red Chris, construction, are in progress. The Hat Project was last investigated by a major company in 1979 and present day exploration methods have not been applied.
Doubleview holds an option to acquire a 100% interest in the Hat Project, subject to a 2% net smelter return royalty.
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, with respect to the Hat Project and has provided on site supervision of the drilling and 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.
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.
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 drill program on the Hat Project, 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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