Doubleview Capital Corp. (TSX-V: DBV) Announces Completion of Phase 2 Diamond Drilling Programadmin
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) announces completion of the Phase 2 program of geophysical surveys and diamond drilling at its Hat copper-gold porphyry property located in the Sheslay District of northwestern British Columbia. Work commenced late September 2013 and continued until December 2, 2013 when crews and mechanical equipment were removed from the property. The Sheslay District that extends over 15 km has attracted mineral explorers for more than fifty years. The Hat property had not been drilled prior to Doubleview’s recent work.
Phase 1 diamond drilling in May and June of this year comprised six drill holes with total length 1304.7 metres. Drill hole H-6, situated at the west edge of "Anomaly B", as previously reported, intersected 110.1 metres with 0.21% copper and 0.015 grams per tonne gold.
Immediately prior to commencement of Phase 2 diamond drilling, a 15 line-kilometre induced polarization geophysical survey was undertaken in order to verify and expand the Hat property technical database, parts of which were compiled more than 40 years ago. The complete geophysical, geochemical and geological database then was reviewed by Doubleview’s management and consultants who identified or confirmed numerous areas that have characteristics associated with copper-gold porphyry-type mineral deposits and all of which are considered worthy of further work, including drilling. Speculatively, the various geophysical anomalies may be the near surface expressions of a single large deep-rooted porphyry system with associated copper-gold mineralization and Doubleview, as funds are available, intends to continue investigating that exploration model.
Phase 2 program comprised five drill holes with total length 1276.6 metres (5455 feet) all of which were directed to parts of "Anomaly B", a strong chargeability and magnetic anomaly with approximate dimensions 1390 metres by 520 metres. 386 core samples were submitted to an independent accredited laboratory for analysis. QA/QC protocols were observed and results will be reported when received and compiled by Doubleview.
"Anomaly C", with approximate dimensions 1700 metres by 920 metres, and "Anomaly E", with dimensions 1000 metres by 620 metres, were not drill tested in the Phase 2 program but have high priority to be drilled as soon as funding is available. Anomaly C has the strongest chargeability (IP) readings recorded on the property and Anomaly E, which lies immediately north of the recently drill-tested area, has geophysical and geochemical characteristics similar to those of Anomaly B and Anomaly C.
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 Doubleview’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.
The Hat Project, located 95 km west of Dease Lake, comprises 3561.4 hectares in seven mineral tenures.
Doubleview holds an option to acquire a 100% interest in the Hat Project, subject to a 2% net smelter return royalty.
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
President & CEO
T: (604) 678-9587
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.
Posted: December 6th, 2013 under ACCESSWIRE.