Mr. Farshad Shirvani reports
DOUBLEVIEW PROVIDES UPDATE ON THE HAT COPPER-GOLD PORPHYRY PROJECT
Doubleview Capital Corp. has provided a corporate update on its Hat copper-gold porphyry project. After careful review of the three-dimensional induced polarization survey (3D IP) and advanced geochemical and geological data (see news release dated May 28, 2019), drill targets are being proposed to test several chargeability, low resistivity and magnetic targets on the Hat copper-gold porphyry project. These proposed drill targets are included in the table.
Drill hole proposed Elevation (m) Depth (m) Comment
Hole H26 -- Deep 1,005.0 868 Re-enter hole 26, originally drilled to 568.5 m, and add 300 m to test
deeper continuity of central Lisle mineralization as indicated by 3-D
PP-DDH-A 1,031.5 350 Drill 350 m into southwestern part of Anomaly-A as an initial test of
a strong chargeability and magnetic feature.
PP-DDH-B 1,018.8 400 Drill 400 m into northeastern part of Anomaly-A where strong Cu and
Au soil geochemistry is combined with a chargeability feature.
PP-DDH-C 1,000.0 500 Drill 500 m to test a deep-rooted easterly extension of the Lisle
zone as indicated by chargeability data and geologic modelling.
PP-DDH-D 957.7 500 Drill 500 m southwest into chargeability feature that extends the
PP-DDH-E 960.7 400 Drill 400 m into westerly continuation of the Lisle southwestern
chargeability feature (see above), toward modelled potassic
alteration and monzonite intrusion.
PP-DDH-F 987.6 600 Drill 600 m into southwestern diorite/hornfels contact zone with
deep chargeability root.
"The 3-D IP and geochemical sampling has allowed us to better understand the potential depth of this deposit. We are looking forward to commencement of the drill program to test our new geological model on the deposit," states Farshad Shirvani, chief executive officer.
Doubleview also announces that Hudbay and Doubleview have agreed to extend the anniversary dates under the option agreement from June 15, 2019, to Oct. 31, 2019, and for the consecutive years respectively.
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 a shareholder.
About Doubleview Capital Corp.
Doubleview Capital, a mineral resource exploration and development company, is based in Vancouver, B.C., Canada, and is publicly traded on the TSX Venture Exchange. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties, and the application of advanced state-of-the-art exploration methods. The company's portfolio of strategic properties provides diversification and mitigates investment risk.
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