Vancouver, BC / ACCESSWIRE / May 20 2014 / Doubleview Capital Corp. provides Corporate update and continuation of work program on Hat Copper Gold Porphyry Property
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased to provide corporate update and continuation of work program on its 100% owned 3,561 hectares Hat Property located in Sheslay Valley of the Stikine Mining District of Northwest B. C.
Doubleview continues reviewing and developing the geological and mineralization model using drill hole and other data collected since 2011 when Doubleview started work on the Hat project including latest information from the first 2014 drilling program that led to discovery of the "Sheslay Red Stock". Work will be a continuation of previous programs of drilling that totaled 4169.1 metres in 15 drill holes and will be directed to the Lisle Zone ("Anomaly B") where drill hole H11 intersected 451 metres (1480 feet) with 0.33% CuEq, and drill hole H12 intersected 246 meters (807 feet) with 0.35% CuEq including 94 metres (308 feet) with 0.60% CuEq. (News Release 14/May/2014). Core photographs may be viewed on the Doubleview website - www.doubleview.ca
Doubleview's technical team is reviewing the geological information and will return to the Hat property immediately to prepare for a second 2014 drilling program. Doubleview is extremely encouraged by its progress in identifying the geologic characteristics of the Lisle Zone ("Anomaly B") and will continue exploratory work in order to define the dimensions and copper-gold values found in and close to the "Sheslay Red Stock" syeno-gabbroic intrusion that is believed to be closely related to the mineralizing event(s). Cores from some of the previous drill holes will be re-examined to better define the mineralization model and to help guide future work. The Hat Project is fully permitted and Doubleview is working closely with local contractors and stakeholders.
Caution: there has been insufficient exploration to allow definition of a mineral resource and there can be no assurance that further property work will enable estimation of a mineral resource.
Doubleview holds an option to acquire 100% interest in the Hat Project.
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.
Grant of Stock Options
Doubleview announces that it has granted incentive stock options to Directors, Officers, employees and consultants entitling them to purchase up to 1,535,000 shares in the capital of Doubleview subject to the policies of the TSX Venture Exchange. The options are exercisable until May 20, 2019 at a price of $0.20 per share.
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
T: (604) 678-9587
E: [email protected]
Farshad Shirvani, President & CEO
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 current exploration and drilling activities, 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.