Doubleview Capital Corp. (TSX-V: DBV) Announces Completion of Phase 2 Diamond Drilling Program
06 Dezembro 2013 - 12:00PM
Access Wire
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
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca
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.
Doubleview Capital (TSXV:DBV)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Doubleview Capital (TSXV:DBV)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024