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Doubleview Capital Corp
Symbol DBV
Shares Issued 67,477,800
Close 2016-08-12 C$ 0.095
Market Cap C$ 6,410,391
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Doubleview receives enhanced permit for Hat project

2016-08-15 17:08 ET - News Release

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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