Mr. Farshad Shirvani reports
HAT GOLD-COPPER PROJECT NOW READY FOR YEAR-ROUND EXPLORATION AND DRILLING
Doubleview Capital Corp.'s Hat project gold-copper alkalic porphyry discovery in Northern British Columbia is now ready for year-round exploration.
Doubleview has commenced preparations for resumption of diamond drilling operations at its Hat property. Recently upgraded camp facilities will allow exploration and drilling crews to continue exploration activities through the winter. A carpentry crew in recent weeks has upgraded and rebuilt bunkhouse and cookhouse buildings to enable work to continue on a year-round basis. Original canvas tent structures have been replaced by insulated plywood-sheeted buildings capable of withstanding winter conditions.
Several drill pads are being built for a quick start-up of drilling when the fall program begins. Arrangements of personnel and contractors are being finalized, and details of financings will be announced shortly.
The fall 2016 drilling program is expected to total about 2,000 metres and will be directed to further exploration of the highly prospective Lisle zone of mineralization where long drill hole intercepts of elevated gold and copper values have been encountered and reported in news releases. Typical intercepts include DH H-22 -- 404.20 metres with 0.26 gram per tonne gold and 0.25 per cent copper and DH H-23 -- 400.27 metres with 0.25 gram per tonne gold and 0.29 per cent copper. The zone of mineralization has not been delimited in any direction.
Gold of the Hat gold-copper deposit
In the context of porphyry-type deposit models, the gold content of the Lisle zone is one of its most significant features. 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 strong gold-bearing zone within broader copper-dominant mineralization.
Ratio
DDH From (m) To (m) Length (m) Au (g/t) Cu (%) Au:Cu Ag (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 previous owners and by Doubleview have demonstrated that anomalous gold occurs in conjunction with copper in soils: In particular, a geochemical soil sample from the anomaly D area, approximately 2,000 metres southwest of the Lisle zone, analyzed 0.38 per cent Cu, 55.26 grams per tonne Au and 27.9 grams per tonne Ag.
The attached table of analyses of surface rock samples from a 2008 exploration program illustrates the range of metal values, particularly gold values, that are found on the Hat property.
Sample ID Type Au (g/t) Cu (%) Ratio Au:Cu Ag (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 A. 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.
About Doubleview Capital
Doubleview Capital is a mineral resource exploration and development company that identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia.
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