Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is reviewing all of its options after a Tahltan blockade has temporarily interrupted drilling operations at the Hat gold-rich copper porphyry discovery in northwest British Columbia’s Sheslay district.
Farshad Shirvani, Doubleview President and CEO, commented: “Doubleview was issued a five-year exploration and drilling permit by the Ministry of Mines and Energy after meeting the requirements for consultation with First Nations.
“We have dealt respectfully with the Tahltan Nation ever since we commenced first-ever drilling at the Hat in 2013. Exploration in this district has been carried out for more than half a century and Tahltan Drilling Services has been contracted for all of Doubleview’s drilling to date.
“Our aim is to resume drilling as quickly as possible and prove up a world class deposit for our shareholders. We are consulting with our legal counsel to determine the best steps to take to allow drilling to resume.
“We greatly appreciate the understanding and support of our shareholders. We will provide further updates as soon as possible,” Shirvani concluded.
The Tahltan blockade started late yesterday while hole H-25 was in a zone of gold-copper porphyry mineralization at a depth of 270 meters. Holes H-24 and H-25 were collared approximately 1 km northwest of the Lisle Discovery Zone.
New DBV Corporate Presentation
To view Doubleview’s latest corporate presentation, including Hat Project details, please visit the Company’s website at doubleview.ca.
Qualified Person
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: 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 V6B 1N2
Farshad Shirvani, President & CEO T: (604) 678-9587 E: corporate@doubleview.ca
Forward-Looking Statements
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 POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.