Doubleview Capital Corp. Designing Next Phase of Exploration Program on Hat Project
20 Giugno 2013 - 2:59PM
Access Wire
Doubleview Capital Corp.
("Doubleview") (TSX-V: DBV) is pleased to announce that it is
designing an induced polarization geophysical survey as part of the
next phase of its exploration of the Hat Project. The survey will supplement historic geophysical data and provide
additional coverage in areas of the Hat Project where deep
overburden and marshy ground have restricted gathering of technical
information. Doubleview's field crew is currently preparing a grid
of measured lines for the induced polarization geophysical survey.
The Phase 2 exploration program of diamond drilling and ground
geophysics will commence when additional financing has been
arranged.
The initial program of diamond
drilling comprised six drill holes with total length 1380 metres.
Drill holes Hat 1 - Hat 5 intersected altered andesitic volcanic
rocks and dioritic intrusive rocks with short intercepts of weak to
strong pyrite and chalcopyrite mineralization but did not fully
account for the anomalies. Drill hole Hat 6 was the initial test of
a separate geophysical target located 800 metres south of holes Hat
1 - Hat 5. As previously reported, pyrite and chalcopyrite
mineralization was encountered in Hat 6 drill hole from near
surface to approximately 250 metres. Drill cores have been logged
and sampled on site and have been submitted to an accredited
laboratory for analysis by industry-standard procedures. QA/QC
protocols are being observed. Analytical results will be released
when they are received. Core from drill hole Hat 6 has not been
examined by the Company's Qualified Person.
About the Hat
Project
The Hat Project is a highly regarded
early stage exploration prospect, with a history of surface
exploration (Historical exploration timeline is available on the
company's website), situated in the Stikine District of
northwestern British Columbia where several large copper-gold
properties are being actively explored, including Red Chris
(Imperial Metals), Schaft Creek (Copper Fox), and Galore Creek
(Novagold and Teck), where permitting, environmental studies and
pre-feasibility and feasibility studies, and at Red Chris,
construction, are in progress. The Hat Project was last
investigated by a major company in 1979 and present day exploration
methods have not been applied.
Doubleview holds an option to
acquire a 100% interest in the Hat Project, subject to a 2% net
smelter return royalty.
Erik A. Ostensoe, P. Geo, a
consulting geologist, is Doubleview's Qualified Person as defined
by National Instrument 43-101 - Standards of Disclosure for Mineral
Projects, with respect to the Hat Project and has provided on site
supervision of the drilling and has reviewed and approved the
technical disclosure of this news release. Mr. Ostensoe is not
independent of Doubleview as he is a shareholder and is 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]. Doubleview identifies, acquires
and finances precious and base metal exploration projects in North
America, particularly in British Columbia, Canada. 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. Doubleview'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.
Suite 310, 675 West Hastings Street
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 drill
program on the Hat Project, 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.
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