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Doubleview Capital Corp
Symbol DBV
Shares Issued 58,212,521
Close 2014-12-09 C$ 0.135
Market Cap C$ 7,858,690
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Doubleview Capital starts drill program at Hat

2014-12-10 09:21 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW CAPITAL CORP ANNOUNCES COMMENCEMENT OF DRILLING AT ITS HAT PROPERTY

Doubleview Capital Corp. has commenced a program of diamond drilling at its Hat copper-gold alkalic porphyry property in northwestern British Columbia.

The objectives of this program are:

  • To explore the Lisle zone at greater depth;
  • To winterize and make improvements to the camp in preparation for winter drilling;
  • To re-examine drill cores from early 2013 anomaly A drill holes with reference to additional information gained since the discovery of the Lisle zone (anomaly B).

The first hole of this current Lisle zone drilling program, hole H-23, is collared 111 metres north of hole H-22 and is designed to pass approximately 203 metres vertically below hole H-22. Hole H-22, as previously released, gave the best intersection thus far reported on the Lisle zone: 404 metres of sulphide mineralization that assayed 0.25 per cent copper and 0.255 gram per tonne gold, and included 118 metres with 0.55 per cent copper and 0.41 g/t gold. It is expected that hole H-23 will provide similar results and also will give the company important information about host rock formations and depth continuity of the Lisle zone. That information is essential to the company's planning of work in 2015.

Doubleview's exploration of the Hat property has shown that the Lisle zone is drill indicated over a distance of 962 metres and to about 400 metres depth from surface.

Doubleview's field crew, in addition to processing newly drilled cores, will review and sample selected drill cores from its initial May, 2013, drill program, most of which was directed to the copper-in-soil geochemical and induced polarization chargeability anomaly designated as anomaly A. That work will benefit greatly from the large amount of data and better understanding that have been acquired subsequent to that drilling.

The company plans to continue drilling for the next few weeks. Drill cores will be logged and sampled on-site and samples will be forwarded to an independent fully accredited analytical laboratory for multielement analyses. Analytical details will be provided in a further news release immediately after their receipt and verification.

Doubleview management believes that the Hat property represents an important mineral discovery and the company has invested in numerous camp improvements. Freighting using fixed-wing aircraft and a large-capacity helicopter has enabled the company to place a supply of fuels, lumber and drilling muds on-site.

A vertical section that illustrates hole H-22 and the profile of hole H-23 (in progress) may be viewed on the company's website. This drawing will be updated periodically.

We seek Safe Harbor.

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