Doubleview Capital Corp. Provides Corporate Update and Continuation of Work Program on Hat Copper Gold Porphyry Property
May 20 2014 - 8:59AM
Access Wire
Vancouver, BC / ACCESSWIRE
/ May 20 2014 / Doubleview Capital Corp. provides
Corporate update and continuation of work program on Hat Copper
Gold Porphyry Property
Doubleview Capital Corp. ("Doubleview") (TSX-V: DBV) is pleased
to provide corporate update and continuation of work program on its
100% owned 3,561 hectares Hat Property located in Sheslay Valley of
the Stikine Mining District of Northwest B. C.
Doubleview continues reviewing and developing the geological and
mineralization model using drill hole and other data collected
since 2011 when Doubleview started work on the Hat project
including latest information from the first 2014 drilling program
that led to discovery of the "Sheslay Red Stock". Work will be a
continuation of previous programs of drilling that totaled 4169.1
metres in 15 drill holes and will be directed to the Lisle Zone
("Anomaly B") where drill hole H11 intersected 451 metres (1480
feet) with 0.33% CuEq, and drill hole H12 intersected 246 meters
(807 feet) with 0.35% CuEq including 94 metres (308 feet) with
0.60% CuEq. (News Release 14/May/2014). Core photographs may be
viewed on the Doubleview website - www.doubleview.ca
Doubleview's technical team is reviewing the geological
information and will return to the Hat property immediately to
prepare for a second 2014 drilling program. Doubleview is extremely
encouraged by its progress in identifying the geologic
characteristics of the Lisle Zone ("Anomaly B") and will continue
exploratory work in order to define the dimensions and copper-gold
values found in and close to the "Sheslay Red Stock" syeno-gabbroic
intrusion that is believed to be closely related to the
mineralizing event(s). Cores from some of the previous drill holes
will be re-examined to better define the mineralization model and
to help guide future work. The Hat
Project is fully permitted and Doubleview is working closely with
local contractors and stakeholders.
Caution: there has been insufficient
exploration to allow definition of a mineral resource and there can
be no assurance that further property work will enable estimation
of a mineral resource.
Doubleview
holds an option to acquire 100% interest in the Hat
Project.
Erik A. Ostensoe, P. Geo, a
consulting geologist, is Doubleview's Qualified Person as defined
by National Instrument 43-101 - Standards of Disclosure for Mineral
Projects, with respect to the Hat Project and has reviewed,
approved and verified the technical disclosure of this news
release. Mr. Ostensoe is not independent of Doubleview as he is a
shareholder and is a co-optionor of the Hat Project.
Grant of Stock Options
Doubleview announces that it has granted incentive stock
options to Directors, Officers, employees and consultants entitling
them to purchase up to 1,535,000 shares in the capital of
Doubleview subject to the policies of the TSX Venture Exchange. The
options are exercisable until May 20, 2019 at a price of $0.20 per
share.
About Doubleview Capital
Corp.
Doubleview
Capital Corp. is a Canadian resource exploration and development
company located in Vancouver, British Columbia that is publicly
traded on the TSX-Venture Exchange with the symbol
TSX-V:DBV.
Doubleview
identifies, acquires and finances quality precious and base metal
exploration and mining projects in North America and more
specifically British Columbia, Canada. Doubleview's objective is to
increase shareholder value through strategic and quality Gold,
Copper and Silver project acquisitions, followed by application of
advanced, state of the art, exploration methods.
On behalf of the Board of
Directors,
Farshad Shirvani, President & Chief
Executive Officer
For further
information please contact:
Doubleview Capital
Corp.
Suite 310, 675 West Hastings Street
Vancouver, BC V6B 1N2
T: (604) 678-9587
E: corporate@doubleview.ca
Farshad Shirvani, President &
CEO
Forward-Looking
Statements
Information set forth in this news
release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements
reflect management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance.
Doubleview cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by
a number of material factors, many of which are beyond Doubleview's
control. Such factors include, among other things: risks and
uncertainties relating to Doubleview's current exploration and
drilling activities, limited operating history and the need to
comply with environmental and governmental regulations.
Accordingly, actual and future events, conditions and results may
differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward looking
information. Except as required under applicable securities
legislation, Doubleview undertakes no obligation to publicly update
or revise forward-looking information.
NEITHER TSX
VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Doubleview Capital Corp.
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