Doubleview Capital Corp. (TSX-V: DBV) Announces Commencement of Diamond Drilling Program and Geophysical Survey near Completion
17 Ottobre 2013 - 3:20PM
Access Wire
Doubleview Capital Corp.
("Doubleview") (TSX-V: DBV) is pleased to
announce that it will be commencing the second phase of its diamond
drilling program on the Hat Property immediately. Doubleview's
objective under this diamond drill program will be to test
anomalous areas of the previously identified Anomaly B and Anomaly
C contained within the Hat Property.
The near
completed induced polarization geophysical survey grid that covered
historic Anomalies B and C as well as portions of Anomaly E was
undertaken in order to verify and expand the Hat Property technical
database, much of which was compiled more than 40 years ago. Areas
of deep overburden and marshy ground where geological information
was lacking were included in the survey. Geophysical data are being
reviewed by Doubleview's consultants for use in identifying and
prioritizing areas of mineral potential for follow-up
investigation.
Anomaly B has
approximate dimensions of 1390 metres by 520 metres. Drill hole
2013-H06 of the first phase diamond drill program, situated at the
west edge of Anomaly B, intersected 110.1 metres with 0.21% copper
and 0.15 grams per tonne gold, including 3.5m of 0.36% Copper and
0.28 g/t Gold; and 19.8m of 0.30% Copper and 0.23 g/t Gold; and
22.9m of 0.31% Copper and 0.18 g/t Gold (see news release dated
July 11, 2013). Following a preliminary review of the IP survey
outline and other technical data, initial drill holes will be
directed to the central parts of Anomaly B.
Anomaly C,
with approximate dimensions 1700 metres by 920 metres, has not been
drill tested but has anomalous copper in soil values and the
strongest chargeability (IP) readings recorded in the current
survey including chargeability readings of up to 57 milliseconds
close to recently discovered mineralized
outcrops.
Drill testing
of Anomalies D, E and F will be deferred until additional funds
have been raised by the Company. Anomaly D, with dimensions 1120
metres by 520 metres, in addition to strong chargeability readings,
has a distinct copper geochemistry anomaly. Anomaly E, with
dimensions 820 metres by 660 metres, has strong chargeability and
soil geochemistry. Anomaly F, located in the southeast part of the
Hat Property, has not been surveyed but has historic prospectors'
trenches with erratic high copper and gold
values.
Doubleview
has contracted Tahltan Drilling Services Ltd. of Telegraph Creek,
B. C. to supply a complete drilling outfit and crew and to perform
the second phase of NQ diameter diamond drilling. Mobilization is
underway with drilling scheduled to start on October 21. While
drilling is in progress, Doubleview may winterize the camp to
facilitate a possible winter drilling program.
Drill cores
will be examined and sampled on the Hat Property. Analyses will be
performed by an accredited analytical laboratory that is wholly
independent of the Company. QA/QC protocols will be observed and
results will be reported when received by
Doubleview.
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 currently active Sheslay Project
of Prosper Gold and Grizzly Project of Garibaldi Resources are
located in similar geologic terrain immediately west of the Hat
Project.
Doubleview holds an
option to acquire a 100% interest in the Hat Project, subject to a
2% net smelter return royalty. The Hat Project, located 95 km west
of Dease Lake, comprises 3561.4 hectares in seven mineral
tenures.
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 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 results of Doubleview's
drill 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.
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