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Doubleview Capital Corp
Symbol DBV
Shares Issued 55,561,965
Close 2014-10-03 C$ 0.205
Market Cap C$ 11,390,203
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Doubleview drills 404.2 m of 0.4% CuEq at Hat

2014-10-06 17:38 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW DRILLS INTO STRONGEST MINERALIZATION DISCOVERED SO FAR AT HAT PROPERTY

Doubleview Capital Corp. is preparing to restart diamond drilling at its Hat copper-gold porphyry discovery in the Sheslay district, northwest British Columbia, after intersecting the strongest mineralization yet encountered at the property in the most recently completed drill hole, HAT-022. HAT-022, collared 230 metres east of HAT-012 and 87 metres east of Hat-011, returned 404.2 metres of 0.25 per cent copper and 0.255 gram per tonne gold (0.4 per cent copper equivalent), including a 118.4-metre interval grading 0.55 per cent Cu and 0.41 g/t Au (0.80 per cent CuEq).

Drilling highlights:

  • HAT-022 demonstrates the potential for higher grades and length within the Sheslay Red Stock zone of alteration identified earlier this year.
  • All seven new holes show continuity of mineralization, and some include Hat's best grades to date in the Lisle zone.
  • Mineralization remains open in all directions. Several large coincident geological, geophysical and geochemical targets surrounding the Lisle zone have yet to be drill tested.

Farshad Shirvani, president and chief executive officer, stated: "These latest results confirm our belief that the Hat property has become a very important new discovery with large-scale deposit potential in a robust, underexplored district, where Doubleview is taking a leading role. We have systematically advanced this project through each round of drilling, expanding the mineral zone both laterally and to depth, so we have ample reasons to expect fresh breakthroughs as work continues.

"We have assembled an exceptional technical team under the leadership of Mr. Pat McAndless, PGeo, the company's senior technical adviser, that is passionate and driven to succeed. We have a vision for where this is going as we build tonnage, find higher grades and demonstrate scale. The property is fully permitted, and the camp and complete drill outfit are on site."

                   SIGNIFICANT ASSAY RESULTS OF DRILLING PROGRAM

DDH                        From    To (m)    Length    Cu (%)       Au       Ag    CuEq (%)
                             (m)                 (m)              (g/t)    (g/t)

HAT-022                    43.4    447.6      404.2     0.25      0.25     0.41       0.40
HAT-022 including         116.4    419.0      302.6     0.30      0.28     0.41       0.46
HAT-022 and               302.9    421.3      118.4     0.55      0.41     0.77       0.80
HAT-022 and               294.2    354.6       60.4     0.67      0.56     0.80       1.00
HAT-021                   246.3    346.0       99.7     0.19      0.13     0.37       0.26
HAT-021 including         246.3    292.7       46.4     0.26      0.18     0.59       0.37
HAT-020                     0.0    301.4      301.4     0.11      0.12     0.20       0.19
HAT-020 including         213.8    301.4       87.6     0.28      0.27     0.23       0.44
HAT-020 including         217.6    228.8       11.2     0.38      0.51     0.31       0.67
HAT-020 and               253.5    297.0       43.5     0.43      0.37     0.30       0.65
HAT-019                    48.4    444.8      396.4     0.13      0.10     0.29       0.19
HAT-019 including          48.4     74.0       25.6     0.11      0.37     0.37       0.32
HAT-019 and               249.7    433.0      183.3     0.22      0.13     0.45       0.30
HAT-019 including         286.0    436.8      150.8     0.25      0.14     0.52       0.34
HAT-019 and               397.5    408.3       10.8     0.67      0.18     1.46       0.78
HAT-019 and               342.0    420.2       78.2     0.37      0.18     0.85       0.47
HAT-019 including         359.7    420.2       60.5     0.43      0.18     1.01       0.54
HAT-018                    42.1    314.0      271.9     0.15      0.17     0.39       0.25
HAT-018 including         170.7    314.0     143.3*     0.23      0.27     0.54       0.39
HAT-018 and               179.8    314.0     134.2*     0.24      0.28     0.57       0.41

* Includes a 2.0-metre contaminated sample recorded as zero value

HAT-017                    39.7    459.9      420.2     0.17      0.14     0.38       0.25
HAT-017 including         221.0    459.9      238.9     0.27      0.22     0.43       0.40
HAT-016                    45.7    429.0      383.3     0.14      0.11     0.35       0.21
HAT-016 including         160.7    189.4       28.7     0.36      0.08     1.52       0.42
HAT-016 and               256.2    335.6       79.4     0.32      0.32     0.27       0.51

A drill plan is located on the website of the company. Drill holes HAT-016 and HAT-017 targeted the southwest continuation of the Lisle zone. Drill hole HAT-018, directed to the northwest, was abandoned in strong copper-gold mineralization and short of its intended target due to difficult drilling conditions in fractured sulphides. Drill holes HAT-019 and HAT-021 expanded the Lisle zone southwest in the down slope direction whereas drill hole H-20 expanded the zone northerly. Drill hole HAT-022 was an 87-metre step-out to the east of drill hole HAT-011 that assayed 451 metres of 0.21 per cent copper, 0.18 gram per tonne gold and 1.79 grams per tonne silver (0.33 per cent CuEq), including 330 metres of 0.25 per cent copper, 0.22 g/t Au and 1.84 g/t Ag (0.39 per cent CuEq). Due to the fact that potential metal recoveries in possible future mining and processing operations at the Hat project have not been investigated and are unknown, and because both precious and base metal market prices are volatile in both the short and long term, copper equivalent estimates cannot be used to predict the current or future value of Hat mineralization. While Doubleview is very encouraged by results from 22 drill holes completed to date at the Hat property, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a resource.

Quality assurance/quality control

All drill cores were sampled on site by sawing the core lengthwise, placing one-half core securely in a bag for transfer to the prep lab and one-half retained for future reference. A total of 1,365 core samples were submitted to an independent fully accredited ISO 9001:2008-certified analytical laboratory, where gold was determined by fire assay and atomic absorption methods, and 45 other elements, by four-acid digestion followed by induced coupled plasma/emission spectrometry determination. Samples with copper content greater than the ICP upper detection limit (more than 10,000 parts per million) were analyzed by atomic absorption. QA/QC protocols were observed at all stages of core processing, including security in transit of samples with chain-of-custody documentation, preparation of duplicate samples, insertion of standard samples into the sample stream, replicate analyses of samples and performance of check assaying by a second independent laboratory. Data have been reviewed by an independent consultant, who found all analytical data to be fully acceptable in terms of reproducibility.

Erik A. Ostensoe, PGeo, a consulting geologist, is Doubleview's qualified person with respect to the Hat project as defined by National Instrument 43-101 (standards of disclosure for mineral projects). Mr. Ostensoe 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.

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