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or Name
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Doubleview Capital Corp
Symbol DBV
Shares Issued 55,811,965
Close 2014-10-22 C$ 0.15
Market Cap C$ 8,371,795
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Doubleview to conduct Hat reconnaissance work

2014-10-23 09:24 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW CAPITAL CORP. (TSX-V: DBV) DEPLOYS EXPLORATION TEAM TO HAT PROPERTY

Doubleview Capital Corp. has deployed an exploration team to the Hat property to conduct reconnaissance work as well as prepare for the upcoming drill program.

Management and advisers have further refined the geological model for the Hat property to incorporate recent drill results and data compilations. Since acquiring the property in 2011, Doubleview has conducted geochemical and geophysical surveys, and more than 6,000 metres of drilling in 22 holes. Most drilling has been directed to the Lisle zone (anomaly B), where copper-gold mineralization is hosted by strongly altered volcaniclastic and gabbroic (intrusive) rocks. Several areas with similar technical characteristics remain to be investigated by drilling.

The 2014 drilling program indicates that metal values appear to increase with depth but the zone has not been delimited in any direction. Assay data have been reported in news releases (May 14, 2014, and Oct. 6, 2014), and core and property photographs can be viewed on the company's website. The following drill holes are particularly significant:

  • H-11: 451 metres (1,480 feet) with 0.33 per cent copper equivalent;
  • H-12: 246 metres (807 feet) with 0.35 per cent CuEq, including 94 metres (308 feet) with 0.60 per cent CuEq;
  • H-22: 404 metres (1,325.5 feet) with 0.4 per cent CuEq, including 118 metres (388.5 feet) with 0.80 per cent CuEq.

A drill plan showing the location of drill holes is located on the company's website and its new presentation.

CuEq (copper equivalent per cent) is estimated using prices of $3.05 per pound copper and $1,196 per troy ounce gold. True widths of mineralization are unknown, and a mineral resource has not been defined. There can be no assurance that further exploration will result in delineation of a resource.

Doubleview's management is extremely encouraged by the progress in defining the Lisle zone, and planned drilling will further outline its dimensions and copper-gold values. The field crew will also re-examine core from some of the previous drill holes to better define the mineralization model and to help guide future work.

Erik A. Ostensoe, PGeo, 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, and has reviewed, approved and verified 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.

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