14:07:55 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Doubleview Capital Corp
Symbol DBV
Shares Issued 66,787,800
Close 2015-11-30 C$ 0.12
Market Cap C$ 8,014,536
Recent Sedar Documents

Doubleview Capital adds Hat project data to website

2015-11-30 09:06 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW PRESENTS COMPREHENSIVE DATA OF HAT PROPERTY AND NEW WEBSITE

Doubleview Capital Corp. now has a revised and updated website. The new website particularly includes Hat project information compiled from Doubleview's accumulated historic and recent technical and drilling data and new interpretations of that data. As recently announced, Doubleview is preparing to resume exploration at its Hat property, where it has conducted pioneering surveys and drilling that resulted in discovery of the Lisle zone, a gold-copper alkalic porphyry-type mineral deposit.

The newly revised website includes photographs, drawings and graphs related to the Hat project and will be of interest to investors, analysts and the general public. The presented data on the Hat project are the result of several months of extensive mineral deposit research in several sources and includes data from historic and recent exploration activities. Farshad Shirvani, president and chief executive officer of Doubleview, stated: "The data are and will be important in planning future work and in interpreting and evaluating the results of that work. The Hat property is geologically complex, and we are very pleased to add new interpretations, some of which are presented in the new website. We expect that future drilling will be in part guided by that data to allow more efficient exploration as the company continues to measure the Lisle zone and other highly prospective parts of the property."

The Hat property was known for many decades prior to its 1994 acquisition by prospectors who maintained it in good standing until vending it in 2011 to Doubleview. Of particular value are data generated by a major exploration company in the late 1970s that completed very detailed geological, geochemical and geophysical surveys and much bulldozer trenching. Doubleview's diamond drilling programs, conducted from 2013 to 2015, that total more than 8,300 metres in 25 drill holes are the first ever on the Hat property.

Doubleview's exploration team, as indicated above, has reviewed and compiled data from more than 2,200 data points of bedrock information, induced polarization and magnetic geophysical surveys, an airborne geophysical survey and many thousands of core analyses. Its interpretation of this massive amount of data that has expanded the area of exploration interest is summarized in website drawings. A large, multiyear program of follow-up drilling is being finalized. Priorities are to establish a mineral resource by infill drilling and by stepping out both laterally and to depth, as well as to test by drilling a number of technically attractive parts of the property.

Website drawings illustrate a broad, highly prospective, arcuate zone south of Lisle zone and, in northern parts of the property, magnetic and chargeability geophysical patterns where a thin cover of Tertiary volcanic flows obscures the geology. Anomaly E, located a short distance north and east of the Lisle zone, has characteristics very similar to the Lisle zone area but has never been drilled.

Fieldwork will resume as soon as Doubleview concludes financing arrangements.

We seek Safe Harbor.

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