Doubleview (TSX-V: DBV) Acquires More Mineral Tenure at the Hat Gold, Copper, Silver and Cobalt Porphyry Project
Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) is pleased to announce that it has acquired an additional 1,652 hectares of strategically-located mineral tenures staked adjoining the Hat gold-copper-silver-cobalt porphyry project located in the Sheslay district of northwestern BC, Canada. The newly acquired tenures extend the Hat property to the north and northwest of the historic claims where the Lisle Zone was discovered in 2013 by drilling. Hat tenures in the Sheslay area now total 6,308 hectares.
“The new mineral tenures represent a significant addition to the Hat Project, increasing our holdings by over thirty-five percent,” said Doubleview’s president and CEO Farshad Shirvani. “This is strategic ground for the project, identified by our technical and geological teams, and I am very pleased by the recent progress of our technical and geological team in developing an aggressive approach to furthering our exploration of the Hat property. In the near future, I will be announcing a major program of technical surveys and drilling that in addition to the Lisle Zone will explore several parts of the property for the first time that have characteristics similar to the Lisle Zone and that fit well with our newly-revised deposit model”.
Hat Gold, Copper, Silver and Cobalt Porphyry Project:
Doubleview’s News Release of January 23, 2018 disclosed up-dated metal values and a revised Lisle deposit model including a possible continuation 2 km south to the “Hoey Gold” area.
The Hat Property is fully permitted and is equipped with winter-ready camp and facilities. Doubleview and its exploration personnel are well experienced in cold weather operations and the 2018 program should have a quick start-up. Details of the program will be announced soon.
Doubleview discovered the Lisle zone in 2013 and subsequently drilled over 10,000 metres in thirty drill holes. Lengthy mineralized drill intercepts include the following:
DH H-022: 418.28 m @ 0.51% CuEq* – from 45.5m to 463.8m
DH H-022: 110.16 m @ 1.01% CuEq – from 304.9m to 415.0m
DH H-023: 332.37 m @ 0.56% CuEq – from 67.9m to 400.2m
DH H-023: 80.07 m @ 1.00% Cu Eq – from 270.6m to 350.7m
* CuEq figures employ the following metal prices: Gold: $1300/oz, Copper: $3.0/lb, Silver: $17/oz, and Cobalt: $35/lb. CuEq. calculations are presented in US dollars and will vary with market and currency fluctuations.
Prospecting and surface sampling in the Hoey Gold area of the Hat property have shown assay values as high as 7% copper and 8.1 grams per tonne gold. The Company believes that the Hoey is potentially an important addition to the Lisle deposit.
Cross section illustrations of the above-cited drill holes are presented below:
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 a shareholder of the company.
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.