Exploration work ready to begin as soon as field conditions permit. The Hat Project lies within the Golden Triangle area of northwestern BC, Canada.
Doubleview Capital Corp (TSX:DBV)
VANCOUVER, BC, CANADA, February 28, 2018 /EINPresswire.com/ — Doubleview Capital Corp. (“Doubleview”) (TSX-V: DBV) reports it has completed a comprehensive review of historic and recent work on its Hat gold-copper-cobalt-silver porphyry project, with definition drilling and other exploration work ready to begin as soon as field conditions permit. The Hat Project lies within the Golden Triangle area of northwestern British Columbia, 190 kilometres south of Atlin. Following recent tenure acquisitions, the project’s claim holdings now comprise 6,308 hectares.
Diamond drilling at the Hat Project will focus initially on the property’s Lisle and Hoey areas, exploring the continuity of gold-copper-cobalt-silver mineralization in the 2-kilometre distance between the areas. In particular, drilling site will be positioned south of Doubleview’s drill hole H-22 that intersected 418.28 metres of 0.50% CuEq mineralization including 110 meters of 1.01% CuEq mineralization (1). The mineralization in hole H-22 lies at the same elevation as mineral showings at the Hoey Gold prospect which is also going to be explored by diamond drilling.
The Hoey area has been sampled at surface where metal values as high as 7.05% copper, 8.11 g/tonne gold, and 0.54% Cobalt were reported from chip and channel samples. Geochemical soil samples from the area are strongly anomalous in precious metals, copper and other elements that accompany alkalic porphyry-type mineralization.
The section diagram demonstrates the updated mineralization models and proposed initial drill locations south of the Lisle area and Hoey Gold prospect.
Other highly prospective areas of the Hat Project may be drill tested later in the season.
For more information, please see the company's new presentation at:
(1) News Release dated: January 23, 2018; CuEq figures employ the following metal prices: Gold: $1300/oz, Copper: $3.0/lb, Silver: $17/oz, and Cobalt: $35/lb. CuEq. calculations are presented in US dollars.
Erik A. Ostensoe, P. Geo., a consulting geologist and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder of the company.
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], [OTCBB: DBLVF], [GER: A1W038], [Frankfurt: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. 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. The Company'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.
409 Granville St., Suite #880
Vancouver, BC V6C 1T2
Farshad Shirvani, President & CEO
T: (604) 678-9587
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.
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Source: EIN Presswire