Doubleview Capital Corp. Announces Diamond Drill Program on Hat Project Near Completion
June 13 2013 - 4:46PM
Access Wire
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased
to provide an update on its diamond drilling program at the Hat
copper gold porphyry project located in the Stikine Mining District
of northwestern British Columbia. The drilling program is the first
substantial exploration work on the property since 1979 and is
directed to primary exploration targets comprising several areas of
copper and gold soil geochemical anomalies that are coincident with
historic Induced Polarization chargeability geophysical
anomalies.
Diamond drilling commenced on May 24, 2013 and five drill holes
with total length 1091.7 metres have been completed. 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, in progress, was the initial test of a
separate geophysical target located 800 metres south of holes Hat 1
- Hat 5. Initial reports from the field indicate that sulphide
mineralization comprising pyrite and chalcopyrite is present from
near surface to current depth of 230 metres.
The current phase I program of drilling is nearing completion.
Drill cores are being logged and sampled on site and are being
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.
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. The Hat
Project, located 95 km west of Dease Lake, comprises six mineral
tenures with total area 1891 hectares and includes several
drill-ready copper-gold exploration targets.
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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