Vancouver, BC / ACCESSWIRE / October 23, 2014 / Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased to announce that it has deployed an exploration team to the Hat Property to conduct reconnaissance work as well as prepare for the upcoming drill program.
Management and advisors have further refined the geological model for the Hat Property to incorporate recent drill results and data compilations. Since acquiring the Property in 2011, Doubleview has conducted geochemical and geophysical surveys and more than 6000 metres of drilling in 22 holes. Most drilling has been directed to the Lisle Zone ("Anomaly B") where copper-gold mineralization is hosted by strongly altered volcaniclastic and gabbroic (intrusive) rocks. Several areas with similar technical characteristics remain to be investigated by drilling.
The 2014 drilling program indicates that metal values appear to increase with depth but the Zone has not been delimited in any direction. Assay data have been reported in news releases (May 14, October 6, 2014) and core and property photographs can be viewed on the Company's website www.doubleview.ca. The following drill holes are particularly significant:
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-H-11: 451 metres (1480 feet) with 0.33% CuEq, and
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-H-12: 246 metres (807 feet) with 0.35% CuEq including 94 metres (308 feet) with 0.60% CuEq, and
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-H-22: 404 metres (1325.5 feet) with 0.4% CuEq including 118 metres (388.5 feet) with 0.80% CuEq.
A drill plan showing the location of drill holes is located on the company's website at www.doubleview.ca , and its new presentation.
CuEq% (copper equivalent%) are estimated using prices of $3.05/lb copper and $1196/troy ounce gold. True widths of mineralization are unknown and a mineral resource has not been defined. There can be no assurance that further exploration will result in delineation of a resource.
Doubleview's management is extremely encouraged by the progress in defining the Lisle Zone and planned drilling will further outline its dimensions and copper-gold values. The field crew will also re-examine cores from some of the previous drill holes to better define the mineralization model and to help guide future work.
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 reviewed, approved and verified 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. is a Canadian resource exploration and development company located in Vancouver, British Columbia that is publicly traded on the TSX-Venture Exchange with the symbol TSX-V:DBV.
Doubleview identifies, acquires and finances quality precious and base metal exploration and mining projects in North America and more specifically British Columbia, Canada. Doubleview's objective is to increase shareholder value through strategic and quality Gold, Copper and Silver project acquisitions, followed by application of advanced, state of the art, exploration methods.
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
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 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.
SOURCE: Doubleview Capital Corp.