Doubleview provides update following successful year-end drill hole H-23 and resumption of exploration.
Doubleview Capital Corp. (“Doubleview”) (TSX-V – DBV) is pleased to announce that exploration on the Hat Project located in northwestern British Columbia will be resumed as soon as field conditions permit. Drill hole H-23, with total length 650 metres, intersected copper mineralization in Sheslay Red Stock and dioritic porphyry of the Lisle Zone. Approximately 400m have been logged and sawn with the samples forwarded to an independent fully accredited lab for analysis. Hole H-23 was positioned to help define the north boundary of the Lisle zone and also to expand the volume of that mineral zone.
Drilling at the Hat project, as reported in a December 23, 2014 news release, was halted on December 20th and in anticipation of the short duration of the shutdown, all equipment was secured and the camp and drill were winterized to enable an efficient re-start. Following re-occupation of the camp, initial efforts will be directed to processing the approximately 250 metres of cores from drill hole H-23 that remain to be logged and sampled, followed by resumption of diamond drilling.
The Hat Project comprises a 3561 hectare exploration property located southwest of Dease Lake in the Sheslay valley of northwestern British Columbia that since 2011 has been explored by Doubleview. Details of Doubleview’s work have been reported in news releases and are presented in the Company’s website at http://www.doubleview.ca.
The Hat property is highly regarded as a new discovery of an alkalic-type copper-gold porphyry deposit that appears to be geologically somewhat similar to, among many others, the Red Chris, Mount Polley and Copper Mountain deposits in British Columbia and to the Ridgeway deposit in Australia. Most of Doubleview’s drilling has been directed to “Lisle Zone” where high gold values occur with chalcopyrite in an as yet poorly defined zone of sheared and altered fragmental alkalic volcaniclastic rocks and associated gabbroic intrusive rocks. Drilling has traced the zone over a distance of 980 metres and to about 400 metres below surface.
Results from drill hole H-23 will be reported in a news release following receipt and confirmation of analytical data. The data will be incorporated into the Hat project database to further refine the geologic and economic model. Work in 2015 will include further examination and sampling of drill cores from 2013 and 2014, continuation of drilling in the Lisle Zone, and initial drill testing of other target areas that have been defined by geological, geochemical and geophysical surveys. When the 2015 program of work is completed, it may be possible to prepare estimates of size and grade of the deposit.
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]. 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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