Doubleview Capital Corp. (TSX-V: DBV) Announces commencement of 2000 m Drilling program upon completion of recently announced financing

  • May 2, 2013
  • News
  • 521

Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce commencement of the drilling program on the Hat Copper Gold Porphyry project located in northwestern British Columbia.  The drilling program is to start immediately upon completion of the recently announced financing. Initial drill holes will test the extensive area of copper and gold soil geochemical anomalies that are coincident with historic Induced Polarization chargeability anomalies.

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 target areas. A strong pattern of copper- and gold-in-soils geochemistry and induced polarization (chargeability and resistivity) geophysical responses will be further investigated by geophysical surveys and by diamond drilling.

Summary of Data has been posted on company’s website following the link:

http://www.doubleview.ca/projects-2/hat-copper-gold/

The Hat project drilling program is fully permitted and, upon completion of the financing, Doubleview will immediately commence mobilization of crews and equipment to the property.  A 2,000 metre drill contract has been negotiated with an established diamond drilling contractor.

About Doubleview Capital Corp.

Doubleview Capital Corp. is a Canadian resource exploration and development company located in Vancouver, British Columbia, that is publicly traded on the TSX-Venture Exchange under TSX.V: DBV.  Doubleview identifies, acquires and finances quality precious and base metal exploration projects in North America and more specifically British Columbia, Canada.  Doubleview increases shareholder value through strategic and quality Gold, Copper, and Silver property acquisitions, and through application of advanced, state of the art, mineral exploration methods.

Doubleview increases opportunities for exploration success and mitigates investment risk through diversification. Recent strategic property acquisitions have strengthened Doubleview’s property portfolio of Gold, Silver and Copper exploration projects.

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 reviewed and approved the technical disclosure of this news release and the attached link. 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
Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

 

Forward-Looking Statements

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 proposed private placement financing, implement its drill 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.