Doubleview Provides Drilling Update at its Hat Gold Rich Copper Porphyry
Doubleview Gold Corp. (“Doubleview”, “Company”) (TSXV:DBG) (OTC PINK: DBLVF) (FRANKFURT: 1D4) is pleased to provide an update on exploration drilling at its 100% owned Hat gold rich copper porphyry property located in the Golden Triangle of northwestern British Columbia. Located west of the Lisle Zone, drill hole H-037 is directed to the apparent center of a strong chargeability anomaly identified by a deep penetrating 3D induced polarization geophysical survey. This is the initial exploration drilling in this target area that also exhibits intense silicification.
Hole H-037, with inclination -60° and planned length of 600 metres, is collared 1460 metres west of the apparent center of the Lisle Zone that has been the focus of all earlier work and will extend the exploration domain to approximately 2050 metres.
Mr. Farshad Shirvani, President and CEO, comments that “Copper commodity prices have risen impressively in recent weeks in response to global adjustment to Covid-19 issues and to the anticipated economical recovery that will occur as vaccines are deployed. The outlook for the copper mining industry is strong and the need for new production from countries such as Canada that have political stability and reasonable and reliable regulatory systems, mature financial resources and a cohort of skilled labour, is equally strong. Doubleview, with an adequate cash position and a highly prospective gold-copper deposit, is well positioned to benefit from that situation and continue its growth. We will have much analytical data to report as it becomes available in coming weeks and our outlook as we approach 2021 is buoyant”.
Drawing 1 illustrates the location of Hole H-037 in relation to the chargeability anomaly; Drawing 2, its position relative to other Hat drill holes.
The Company is also pleased to report that it has closed the private placement for a total of $1,774,000.15, announced on October 22, 2020. The Company has raised a total of $4,510,079.25, including the previous private placement.
About Doubleview Gold Corp
Doubleview Gold 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:DBG], [OTCBB: DBLVF], [GER: A1W038], [Frankfurt: 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. 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 Gold Corp
Vancouver, BC, V6C 1V5
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 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.