Doubleview Presents Comprehensive Data of Hat Property and New Website
Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV), is pleased to announce that a revised and updated website is now available at doubleview.ca. The new website particularly includes Hat Project information compiled from Doubleview’s accumulated historic and recent technical and drilling data and new interpretations of that data. As recently announced, Doubleview is preparing to resume exploration at its Hat property where it has conducted pioneering surveys and drilling that resulted in discovery of the Lisle Zone, a gold-copper alkalic porphyry-type mineral deposit.
The newly revised website includes photographs, drawings and graphs related to the Hat Project and will be of interest to investors, analysts and the general public. The presented data on the Hat Project is the result of several months of extensive mineral deposit research in several sources and includes data from historic and recent exploration activities. Farshad Shirvani, President and CEO of Doubleview stated that “The data are and will be important in planning future work and in interpreting and evaluating the results of that work. The Hat property is geologically complex and we are very pleased to add new interpretations, some of which are presented in the new website. We expect that future drilling will be in part guided by that data to allow more efficient exploration as the Company continues to measure the Lisle Zone and other highly prospective parts of the Property”.
The Hat property was known for many decades prior to its 1994 acquisition by prospectors who maintained it in good standing until vending it in 2011 to Doubleview. Of particular value is data generated by a major exploration company in the late 1970s that completed very detailed geological, geochemical and geophysical surveys and much bulldozer trenching. Doubleview’s 2013 to 2015 diamond drilling programs that total more than 8300 metres in 25 drill holes are the first ever on the Hat property.
Doubleview’s exploration team, as indicated above, has reviewed and compiled data from more than 2200 data points of bed rock information, induced polarization and magnetic geophysical surveys, an airborne geophysical survey and many thousands of core analyses. Their interpretation of this massive amount of data that has expanded the area of exploration interest is summarized in website drawings. A large, multi-year program of follow-up drilling is being finalized. Priorities are to establish a mineral resource by in-fill drilling and by stepping out both laterally and to depth, and to test by drilling a number of technically attractive parts of the property.
Website drawings illustrate a broad, highly prospective, arcuate zone south of Lisle Zone and, in northern parts of the property, magnetic and chargeability geophysical patterns where a thin cover of Tertiary volcanic flows obscures the geology. Anomaly “E”, located a short distance north and east of the Lisle Zone, has characteristics very similar to the Lisle Zone area but has never been drilled.
Fieldwork will resume as soon as Doubleview concludes financing arrangements.
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], [GER: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. 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. The Company’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.
409 Granville St., Suite #880
Vancouver, BC V6C 1T2
Farshad Shirvani, 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLIC0IES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.