Vancouver, B.C. / ACCVESSWIRE / March 18, 2014. / Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) announces that Tahltan Drilling Services Ltd. ("Tahltan") has been awarded the contract for the 2014 diamond drilling programs on Doubleview's Hat Property, located 95 km southwest of Dease Lake in the Sheslay Camp of the Stikine Mining District of northwestern B. C. Tahltan, based in Telegraph Creek, B. C., provided similar services to Doubleview in the 2013 season in which 2581 metres were drilled in 11 drill holes.
The 2014 work is part of a multi-year permitted program and is expected to initially comprise between ten and twenty drill holes on primary targets. Work will be directed to further definition of the Anomaly B area where previously announced alkalic copper-gold porphyry-type mineralization was discovered in 2013, and to Anomaly C, located 2.4 km west, where similar copper-gold mineralization is present in outcrops and a rock sample returned 0.42 % Cu and 0.42 g/t Gold. The area is coincident with the highest chargeability readings obtained in Doubleview's 2013 induced polarization geophysical survey. A conceptual 3D drilling and Induced Polarization geophysical survey model that is posted on the front page of the company's website at www.doubleview.ca demonstrates the drill holes and anomalies on the Hat Property.
Doubleview and Tahltan currently are mobilizing field crews, a complete drilling outfit, camp materials and fuels to the Hat Property.
Doubleview holds an option to acquire a 100% in the Hat Property, subject to a 2% net smelter return royalty. The Hat Property is an early-stage exploration property that is believed to host an alkalic copper-gold porphyry deposit. Such deposits customarily comprise irregular zones of disseminated mineralization within alteration haloes close to magnetite, potassium and/or sodium-rich, low silica, intrusions. In addition to historic work by a major exploration company, Doubleview and the property vendors have completed geological, geochemical and geophysical surveys and have developed the exploration model that is being pursued.
Erik A. Ostensoe, P. Geo, a consulting geologist and Doubleview's Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects with respect to the Hat Property, 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 Property.
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
President & CEO
T: (604) 678-9587
E: [email protected]
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 exploration 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.
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