Mr. Farshad Shirvani reports
DOUBLEVIEW RECEIVES HAT GOLD COPPER PORPHYRY ENHANCED PERMIT
Doubleview Capital Corp. has received a new and enhanced exploration permit for its Hat gold-copper discovery located in northwest British Columbia
from the provincial government. Now the Hat property has 20 additional drill sites as well as up to 50 short-hole drill sites. Doubleview applied for further drill sites following a comprehensive assessment of previous surveys and drill hole data which suggest that the identified zone of gold and copper mineralization may be larger than originally thought.
The permit application was also reviewed by the Tahltan and Taku River-Tlingit first nations within whose asserted traditional territory lies.
Since acquiring the Hat property, Doubleview has worked closely with these first nations in matters such as opportunities in employment, contracting, and provision of supplies and logistics. Importantly, studies commissioned by Doubleview show no strategic archeological sites within Doubleview's permitted area. All drilling operations to date have been conducted by a first nations company and personnel, and the company is committed to maintaining and expanding that mutually beneficial relationship.
Doubleview is in late-stage discussions to conclude a substantial financing that will enable resumption of exploration of both the partially defined Lisle zone and several other unexplored areas that have closely similar geological, geochemical and geophysical characteristics. Property work will commence immediately and likely will continue until the onset of prohibitively severe winter conditions.
The Hat property hosts the Lisle gold-copper alkalic porphyry zone which has been explored by 8,300 metres of drilling in 25 holes. The objective for 2016 is to further define the tenor of the mineralization and extend it with 10 to 15 holes (estimated total length about 7,500 metres) which may allow the estimation of a preliminary resource. The drilling on the Lisle zone extends over 1,000 metres in the east-west dimension and several hundred metres in wide at this time.
Highlights of the drill hole assays completed to date include the intercepts shown in the attached table (true thicknesses have not been determined).
DDH Int. From To Length Copper Gold Silver CuEq
(m) (m) (m) (%) (g/t) (g/t) (%)
H011 12.00 463.11 451.11 0.22 0.17 0.59 0.40
Inc. 261.20 409.11 147.91 0.32 0.24 0.59 0.55
H017 221.00 459.90 238.90 0.27 0.22 0.43 0.47
H019 48.44 446.00 397.56 0.13 0.10 0.29 0.23
Inc. 286.04 436.81 150.77 0.25 0.15 0.52 0.38
Inc. 342.03 420.21 78.18 0.37 0.18 0.85 0.54
H020 213.78 301.40 87.62 0.28 0.27 0.23 0.53
Inc. 217.60 228.75 11.15 0.38 0.51 0.31 0.84
Inc. 253.49 297.00 43.51 0.43 0.37 0.30 0.77
H022 43.40 447.60 404.20 0.25 0.26 0.41 0.49
Inc. 302.93 421.32 118.39 0.55 0.41 0.77 0.94
H023 67.90 400.27 332.37 0.29 0.25 0.56 0.53
Inc. 270.62 381.55 110.93 0.47 0.36 0.34 0.79
Drill hole H-23 was drilled approximately 210 metres vertically below drill hole H-22, and the gold and copper mineralizations in both appear to be increasing in tenor with increasing depth. When the drilling resumes this fall, Doubleview will further investigate this apparently significant trend within the zone.
The Lisle zone has not been fully delimited in any dimension and no acceptable resource estimation has been conducted.
Gold of the Hat gold-copper deposit
In the context of porphyry-type deposit model, the gold content of the Lisle zone is one of the most significant features of the Hat property.
The attached table contains selected higher-grade gold-bearing samples (previously reported) from throughout the 1,000-metre strike length drilled to date. The relatively high gold-to-copper ratio elsewhere within the overall mineralized zone may indicate the presence of a higher-gold-bearing zone within a broader copper-dominant mineralized halo.
DDH From To Length Au Cu Ratio Ag
(m) (m) (m) (g/t) (%) (Au/Cu) (g/t)
H006 121.20 121.60 0.40 4.67 6.08 0.77 5.00
H008 115.85 119.15 3.30 2.54 1.26 2.02 5.00
H008 177.60 178.70 1.10 2.80 0.60 4.67 2.00
H008 192.40 193.40 1.00 3.33 3.15 1.06 3.00
H009 11.28 14.32 3.04 7.49 3.52 2.13 30.00
H009 14.32 17.37 3.05 3.26 0.58 5.62 8.00
H011 200.24 204.29 4.05 2.45 0.66 3.71 2.00
H012 193.00 194.00 1.00 5.92 0.49 12.08 1.00
H012 299.00 300.00 1.00 8.04 4.28 1.88 7.00
H017 307.85 309.85 2.00 2.38 0.40 5.95 0.50
H022 48.72 52.10 3.38 2.10 0.02 105.00 2.60
H022 197.88 199.13 1.25 8.30 2.26 3.67 2.60
H022 310.30 311.57 1.27 7.77 5.79 1.34 7.60
H022 311.57 313.06 1.49 2.77 4.64 0.60 3.80
H023 154.20 155.27 1.07 2.90 1.32 2.20 3.70
H023 206.27 207.73 1.46 2.11 0.32 6.59 0.80
Several geochemical soil sampling programs on the Hat property by the previous owners and by Doubleview have demonstrated that anomalous gold occurs in conjunction with copper. In particular, a soil sample from the Anomaly D area, approximately 2,000 metres southwest from the Lisle zone,
assayed 0.38 per cent copper, 55.26 grams per tonne gold and 27.9 grams per tonne silver.
Furthermore, the attached table compiles the analyses of surface rock samples from a 2008 exploration program that illustrates the range of metal values, particularly gold values that are found on the Hat property.
Sample ID Type Au Cu Ratio Ag
(g/t) (%) (Au/Cu) (g/t)
4871 Rock 2.02 2.2041 0.92 3.20
4872 Rock 7.13 0.438 16.28 2.80
4874 Rock 4.36 0.4089 10.66 1.60
4875 Rock 2.37 0.8036 2.95 1.00
4876 Rock 2.05 0.5529 3.71 0.90
4877 Rock 4.34 0.7688 5.65 1.40
4878 Rock 3.58 0.3638 9.84 1.50
4879 Rock 8.63 0.3612 23.89 2.60
4887 Rock 1.27 3.9676 0.32 23.50
4889 Rock 2.19 0.6265 3.50 0.90
4891 Rock 3.02 0.691 4.37 1.60
Qualified person
Erik Ostensoe, PGeo, 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 both a shareholder and a co-optionor of the Hat project.
We seek Safe Harbor.
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