Doubleview Receives an Exploration Permit for its 100% owned Mt. Milligan North Project
Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce that it has received a Mineral Exploration Permit for a 50 line km induced polarization geophysical survey on its 100% owned Mt. Milligan North Project located 125 km northwest of Prince George, B.C. and that it has engaged DeCoors Mining Corporation to conduct the ground induced polarization (IP) survey. Doubleview also advises that it has expanded its Red Spring property.
Farshad Shirvani, Doubleview’s President and CEO, comments that in addition to planned work at its Hat Gold-Copper Porphyry Project in northwest BC, the Company will advance exploration of its other properties and that current favourable conditions for mining and mining exploration in politically-stable jurisdictions are supportive of aggressive exploration efforts.
Field work in proximity to the present Mt Milligan gold-copper mine by Doubleview and other mineral explorers has been directed to geological terrains similar to host formations both at that mine and at most Cordilleran porphyry deposits. Important features of the district include the presence of potassic and propylitic altered alkalic volcanic rocks, coarse-grained porphyritic monzonite and other quartz-poor, potassium-rich intrusions, strong magnetic intensity and an extensive database of regional and local exploration information.
As soon as field conditions allow, a DeCoors Mining Corporation field crew will conduct up to 50 line-kilometres of Pole-DiPole-type induced polarization (IP) surveys over targets that have been identified by geochemical sampling methods.
Doubleview also announces that it has expanded its wholly-owned Red Spring copper property by acquisition of two additional mineral tenures: “Red Spring West” and “Red Spring Zinc”. The property now comprises 1,456 hectares. A 2016 geochemical soil survey, as reported in a News Release dated 15/06/2017, identified geochemically anomalous areas south of the Red Spring deposit with soil values up to 1.55% Zinc , 225 g/t (7.94 oz/t) Silver and 3.89% Copper.
Doubleview also wishes to clarify information provided inadvertently in its news release dated 03/04/2018. The company was provided with incorrect information regarding Mr. Len De Melt’s involvement with Norsemont Mining. Mr. De Melt resigned as a director and officer of Norsemont Mining in 2006. The company regrets any confusion or misunderstanding.
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], [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. 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
E: [email protected]
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.