DOUBLEVIEW CAPITAL CORP. (“Doubleview”) (TSX-V: DBV) is pleased to announce that it has received and is compiling the analytical results from the summer 2011 exploration program on its Mount Milligan North Property.
Mt. Milligan North 2011 Exploration Program
Doubleview’s 2011 exploration program, which involved a soil sampling program to verify previously identified areas with anomalous soil geochemical and magnetic geophysical data and to test parts of the Mount Milligan North Property that had not been previously investigated, was recommended in its National Instrument 43-101 Technical Report dated February 10, 2011 (the “Technical Report”). The soil sampling program generated 995 soil geochemical samples from 50 metre intervals on various grid lines. Samples were analyzed by SGS Laboratories following MMI (mobile metal ion) analytical guidelines and technologies developed by Wamtech Pty Ltd. Quality assurance was provided by SGS Laboratories, an ISO 9001:2008 certified provider worldwide of analytical services to the mineral exploration and other industries.
The 2011 MMI soil samples are in addition to 612 samples that were taken and analyzed in 2010. The 2011 sampling program specifically targeted areas that the Technical Report, on the basis of the 2010 sampling program, identified with apparent “moderate” to “high” MMI silver, copper, lead, zinc and molybdenum geochemical responses and coincident high magnetic intensity. Of particular interest are several partially delineated anomalous zones that comprise clusters of samples with elevated MMI metal values.
The results of the 2011 exploration program along with 2010 MMI geochemical results are set out in three Figures which can be accessed at www.doubleview.ca/projects-2/mt-milligan-north/2011-mmi-maps/ . Doubleview’s Technical Report can be viewed on SEDAR at www.sedar.com.
Doubleview’s management and its consulting geologist have reviewed the Mount Milligan North Property data and are designing a further program of soil sampling that will better define the distribution of copper and other metals in soils. Weather conditions permitting, that work will be completed during the current year. Subject to that additional data, Doubleview expects to conduct induced polarization geophysical surveys over several of the more promising “target” anomalies in the 2012 field season.
About the Mount Milligan North Property
Doubleview has an option to acquire a 100% interest in the Mount Milligan North Property, which comprises 24 contiguous mineral tenures totaling 8,390 hectares and is located approximately 165 kilometres northwest of Prince George, British Columbia. The Mount Milligan North Property is accessed by Germansen North Forest Service Road 112 kilometres from Fort St. James and then easterly along well-used logging roads and a network of former haul roads. The nearby Mount Milligan copper-gold deposit currently is being developed by Thompson Creek Metals Co. Inc. On the basis of preliminary evaluation work by the previous owner and our 2011 exploration program, Doubleview and its technical advisers believe that the Mount Milligan North property exhibits geologic characteristics similar to those present at the Mount Milligan mine. However, Doubleview has not verified the information on the Mount Milligan mine and the information is not necessarily indicative of mineralization at the Mount Milligan North Property. A program to further explore the property is planned and will commence immediately.
Erik A. Ostensoe, P. Geo is Doubleview’s Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, with respect to the Mount Milligan North property and has reviewed and approved the contents of this news release. Mr. Ostensoe is a shareholder of Doubleview and is an optionor of Doubleview’s Hat Property.
For further information please contact:
Doubleview Capital Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
Farshad Shirvani, Chief Executive Officer
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 proposed exploration program on the Mount Milligan North Property, 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 form 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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