It is my pleasure to bring you up to date with progress we have made at Doubleview. We have been busy reviewing, revising and updating the Hat Project database of geological information, including preparing a completely revised website. Our goal for 2017 is to continue exploration of the Lisle Zone extensions, to investigate some of the other areas of the property that have similar technical characteristics, and, possibly, to acquire one or more properties to further strengthen our project portfolio.
You already know that the last couple of years have been very challenging for all mining companies and that, nevertheless, Doubleview has been able to secure exploration funds. Metal commodity prices are beginning to recover to more realistic levels and we expect that major producing companies will again support exploration as they now must make up for the years of under-investment in replacing their reserves and providing for their future: already there have been several takeovers of junior companies as the strong companies exploit the opportunity to invest in early stage and robust exploration projects; other juniors have formed partnerships.
Doubleview, with support of their shareholders and financing groups, during these tough times has taken its Hat Project from what in 2011 was a raw prospect to what appears to be a very important large gold-copper deposit. We are very proud of our accomplishments and are anxious to determine the size and metal content of the Lisle Zone that has received most of our attention (and expenditures) and remains open to expansion in all directions. It will continue to be the primary focus of our work while we will also explore some of the nearby areas of the property that have similar technical characteristics.
Since early December when brutal winter conditions in northern British Columbia forced us to suspend our 2016 drilling program, we have concentrated on reworking our extensive database of exploration and drilling information and to preparation of a revised and easier to navigate website at www.doubleview.ca. Further updated content will be added shortly. We think that our presentation is very informative and we hope that you will check it out. The 2016 drill program was particularly gratifying as holes H-026 to H-028 expanded the Lisle Zone to the east and north as well as to depth: the outer limits of the Zone have not been reached. Drill hole H-030 was suspended before reaching its objective but will be completed when work resumes.
We have worked hard to create a larger profile for Doubleview and the Company now, in addition to the TSX, is traded in USA OTC Markets as well as Germany’s Stock Exchange. In early March, I attended the annual convention of the Prospectors and Developers Association in Toronto where I was able to meet with many shareholders and with senior exploration and financial personnel from all parts of the world. It was a busy but very rewarding time.
We want to acknowledge the dedication and support of our suppliers and contractors that enabled us to achieve the lowest ever costs in 2016. The support of our shareholders in these difficult times is particularly gratifying and we are confident that their trust and patience will be fully rewarded as our exploration work continues.
Farshad Shirvani, M.Sc. Geology
Doubleview Capital Corp. President/CEO
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.