Doubleview Drills Into Strong Gold-Copper Mineralization in HAT H-23 and Extends Lisle Zone
Doubleview Capital Corp. (TSX.V, DBV) (the “Company”) is pleased to report strong copper-gold mineralization and a further extension of the Lisle zone from partial assay results from deep drill hole HAT H-23 at Company’s Hat Project in northwest B.C.’s Sheslay district.
Doubleview has received assays for only the first 220.2 meters of hole H-23 which had reached 650 metres depth when both drilling and sampling work were suspended on December 20, 2014. Lisle Zone gold-copper mineralization was encountered almost from the collar and appeared to continue with increasing strength well beyond the part for which analytical data have been received.
Available analytical data show that hole H-23 includes sections with gold and copper values that are significantly greater than those obtained from earlier drilling, including a 29.6 metre interval from 190.6 to 220.2 metres with 0.63 g/tonne gold and 0.36% copper (0.82% Cu Eq). Additionally, the 152.28 metre section from 63.0 to 220.2 metres returned 0.24 g/tonne gold and 0.25% copper (0.42% Cu Eq).
As illustrated in drawings following the link below, HAT H-23 extends the northern boundary of the Lisle Zone by 110 meters. The Lisle Zone now has been partially defined with dimensions 1 km east-west and one-half km north-south and is open to extension in all directions.
Note: Cu Eq is estimated based on Au at $1280/oz, Cu at $2.61/lb and Ag at $17.78/oz.
Based on reports of preliminary visual inspection by non-qualified persons of all core from hole H-23, mineralization appears to increase with depth.
Farshad Shirvani, Doubleview President and CEO states: “Each round of drilling at the Hat continues to produce even better results. This particular hole, H-23, further demonstrates the potential of this growing alkali porphyry discovery to host exceptional gold grades in addition to copper values similar to those of all other porphyry mines in the province. We are eagerly anticipating receipt of the remaining analytical data from HAT H-23 as well as to resumption of drilling to better define the Lisle Zone. The Company’s Hat Project is possibly B.C.’s most exciting new mineral discovery since the Millennium and may lead to definition of a world class mining district.”
Quality Assurance/Quality Control
Doubleview observes industry-standard quality assurance and quality control protocols. All drill cores are sampled on site by sawing the core length-wise and placing one half securely in a bag for transfer to the prep lab; one half is retained on site for future reference. All core samples are submitted to an independent fully accredited ISO 9001:2008 certified analytical laboratory where gold is determined by fire assay and atomic absorption (AA) methods, and for 45 other elements, by four acid digestion followed by induced coupled plasma/emission spectrometry (ICP-ES) determination. Samples with copper content greater than the ICP upper detection limit (>10,000 ppm) are analysed by atomic absorption. QA/QC protocols are observed at all stages of core processing, including security in transit of samples with “chain of custody” documentation, preparation of duplicate samples from pulps, insertion of standard samples into the sample stream, replicate analyses of samples, and performance of check assaying by a second independent laboratory. In the recent past data were reviewed by an independent consultant who found all analytical data to be fully acceptable in terms of reproducibility.
Mr. Erik A. Ostensoe, P. Geo., a consulting geologist and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is both a shareholder and 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], [OTC: DBLVF], [FSE: A1W038]. 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 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.
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