Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to report that drilling has resumed at the Hat Project in northwest British Columbia’s Sheslay district. The company is aggressively following up on best-ever results achieved from drilling late last year and an enhanced understanding of this dynamic gold-copper porphyry system that is interpreted to have a footprint of at least 3 km x 4 km.
Large Step-Out From Lisle Discovery Zone
Drill hole H-24 has been collared nearly 1,000 metres northwest of H-23, approximately midway between the Lisle discovery zone and the Anomaly “A” area that was the site in 2013 of the first-ever holes drilled at the property. A strong multi-parameter anomaly (magnetic, chargeability, potassium, copper and gold geochemical) has been outlined around H-24.
Farshad Shirvani, Doubleview President and CEO, commented: “Through just 23 drill holes, with increasing success each round, we’ve taken the Hat Project from a grassroots stage to an emerging world class discovery in a prolific district that includes the Red Chris mine now going into commercial production.
“In partnership with Tahltan Drilling Services we are advancing the Hat Project in a way that not only builds value for Doubleview shareholders but creates expanded opportunities for the Tahltan Nation. Doubleview is working closely and cooperatively with the Tahltan Nation as they build a sustainable future within their traditional territory,” Shirvani concluded.
Strong Evidence Lisle Zone is Edge of Much Larger System
After reinterpreting geological, geochemical, geophysical and analytical data from an updated database that incorporates all historic data from the 1960’s up to the recent property information, the Doubleview technical team, led by chief geoscientist Dr. Abdul Razique, believes that Anomalies “A”, “B” (Lisle Zone) and “E” collectively comprise a single alkalic gold-rich copper porphyry system within a much larger Hat Complex that also includes Anomalies “C”, “D”, and the Hoey and Gossan Creek prospects southeast of the Lisle Zone.
The studies have also identified two new exploration targets, F and G. Target A2 is the focus of this initial 2015 drilling campaign (see figure: https://www.doubleview.ca/projects/hat-gold-rich-porphyry-copper/exploration-potential-and-targets/ ).
Current drilling will utilize the same sampling and QA/QC procedures that were followed in previous programs. Following core logging, half-cores will be submitted to an independent analytical laboratory and the remaining half core will be retained on site for future reference. Reference samples, duplicates and blanks will be inserted into the sample stream and the laboratory will also perform its customary quality control analyses.
Assay results from the current round of drilling, along with results from the remaining 250 metres of H-23 which are pending, will be released as soon as they are received, reviewed and interpreted.
New DBV Corporate Presentation
To view Doubleview’s latest corporate presentation, including Hat Project details, please visit the Company’s website at doubleview.ca
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
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.