Doubleview Capital Corp. (“Doubleview”) ([TSX-V: DBV], [OTCBB: DBLVF], [GER: A1W038]) is pleased to announce that its Hat Project gold-copper alkalic porphyry discovery in northern British Columbia is now ready for year-round exploration.
Doubleview has commenced preparations for resumption of diamond drilling operations at its Hat property. Recently upgraded camp facilities will allow exploration and drilling crews to continue exploration activities through the winter. A carpentry crew in recent weeks has upgraded and rebuilt bunkhouse and cookhouse buildings to enable work to continue on a year-round basis. Original canvas tent structures have been replaced by insulated plywood-sheeted buildings capable of withstanding winter conditions.
Several drill pads are being built for a quick start-up of drilling when the fall program begins. Arrangements of personnel and contractors are being finalized and details of financings will be announced shortly.
The fall 2016 drilling program is expected to total about 2000 metres and will be directed to further exploration of the highly prospective Lisle Zone of mineralization where long drill hole intercepts of elevated gold and copper values have been encountered and reported in news releases. Typical intercepts include DH H-22: 404.20 metres with 0.26 g/tonne gold and 0.25% copper and DH H-23: 400.27 metres with 0.25 g/tonne gold and 0.29% copper. The zone of mineralization has not been delimited in any direction.
Gold of the Hat Gold-Copper Deposit:
In the context of Porphyry type deposit models, the Gold content of the Lisle Zone is one of its most significant features.The following table contains selected higher grade gold bearing samples (previously reported) from throughout the 1000m strike length drilled to date. The relatively high Gold to Copper ratio elsewhere within the overall mineralized zone may indicate the presence of a strong Gold bearing Zone within broader Copper-dominant mineralization.
Several geochemical soil sampling programs on the Hat property by previous owners and by Doubleview have demonstrated that anomalous Gold occurs in conjunction with Copper in soils: In particular a geochemical soil sample from the Anomaly D area, approximately 2000 metres southwest of the Lisle Zone assayed 0.38% Cu, 55.26 g/t Au and 27.9 g/t Ag.
The following table of analyses of surface rock samples from a 2008 exploration program illustrates the range of metal values, particularly gold values, that are found on the Hat property.
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], [OTCBB: DBLVF], [GER: A1W038]. 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
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.
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