Double Crown Resources Update on Gold Mining Projects and Upcoming Segment on National Television Program
February 13 2012 - 12:00PM
Double Crown Resources, Inc. (OTCBB:DDCC) (hereinafter, "Double
Crown") has the following update for investors on its mining
business plans. Additionally, Double Crown will soon be featured in
a national television program on developments in the mining
industry.
Mining Projects:
Management is currently focused on three objectives
regarding Double Crown's gold and mineral mining projects.
First, gold discovery and evaluation work is moving forward
at this time on Double Crown's 100% owned Bateman property located
in Canada. In January a lake sediment geo-chemical survey was
completed on Bateman Lake. Samples were taken through the ice of
the lake bottom and assays are pending. This process will
indicate if the very broad area anomalous conglomerate extends
across the lake. In the past, gold samples up to 82g were taken
from the shoreline. Management believes this information will
help to interpret the best potential drill sites as well as add to
the data of highly favorable gold targets at Bateman.
Initial test drilling to prove-up Double Crown's gold
reserves is now being planned to commence in early June
at two sites for gold and one site for nickel and other
precious metals. Double Crown's intended drill area is
only about 1000 meters from that of Valgold (TSX-V:VAL) which
has already proven-up over 151,000 ounces of gold to
date. Based on all information so far, management
anticipates that Double Crown's property will contain a
similar or greater gold reserve as Valgold's property, especially
since Double Crown will be drilling into the same mineral
conglomerate. This area is known as the Shebandowan Greenstone Belt
of Thunder Bay, Ontario. Multiple other mining companies have
all recently been increasing their activities and operations in the
Shebandowan Greenstone Belt in response to the dramatically rising
prices for gold and other minerals in the market.
In addition to Bateman, management is now considering the
potential acquisition of two more gold properties. Our Advisor
on Geology and Mining, Edwin Morrow has recently
been investigating an existing and proven gold
mine in Montana which is already set-up with
permits, mining equipment, infrastructure and needed working
resources. Management believes that acquisition of this
Montana property may quickly give Double Crown
another producing gold source to draw upon.
Finally, our management team is also involved in negotiations
to acquire a mining property in Guyana, South
America, with approximately 3,158 acres of gold mineral
claims. There are three concessions located along the Cuyuni
River and they include both placer gold potential and
adjoining hard rock gold mining sites. Further details on
these potential new acquisitions will be announced as they
become available.
Television Program Feature:
Management is very pleased to announce that Double Crown has
been contacted by the producers of the national television series,
"Insights with Terry Bradshaw" for inclusion in an upcoming feature
segment titled; "Leading Developments Emerging in the Exploration
and Mining Industry," a part of the show's "Global Industry"
series. This widely distributed program is hosted by the
football legend and well-known broadcaster. Plans for filming
Double Crown's segment are already underway and the show is
expected to be released for broadcast in the near future.
Further announcements will be made when actual release dates of the
show with Double Crown's segment are finalized.
Presented to more than 90 million households in the United
States, "Insights with Terry Bradshaw" airs regionally on CNN
Headline News and Regional News Networks and nationally on a
variety of networks including Fox Business Network, Discovery
Channel, Travel Channel and more. Full details can be found
on the show's website at http://insightswithterry.com/ .
"Insights with Terry Bradshaw" producers were awarded 9 Telly
Awards in 2010. The show partners with business magazines including
Global Traveler and Strategic Distribution Partners including the
Association of Information Technology Professionals and The
National Association of Environmental Professionals.
About Double Crown Resources, Inc. Double Crown Resources, Inc.
is a natural resource exploration and development company holding a
100% interest in the McNab molybdenum property located in
Southwest, British Columbia, Canada and the Bateman gold &
nickel prospect near Thunder Bay, Ontario, Canada. In addition,
Double Crown is targeting new properties that have the potential
for early positive cash flow. Double Crown is presently reviewing a
number of natural resource properties that are near to, or in
production, located in North, South and Latin America. Double Crown
Resources, Inc., originally founded in 2006, is based in Virginia
City Highlands, NV. For more information, please visit:
http://www.doublecrownresources.com/ Forward-Looking Statements You
should not place undue reliance on forward-looking statements in
this press release. This press release contains forward-looking
statements that involve risks and uncertainties. Words such as
"will," "anticipates," "believes," "plans," "goal," "expects,"
"future," "intends," and similar expressions are used to identify
these forward-looking statements. Actual results could differ
materially from those anticipated in these forward-looking
statements for many reasons, including the risks we face as
described in this press release. For further information about
Double Crown Resources, Inc., please refer to its website at
http://www.doublecrownresources.com/
CONTACT: Double Crown Resources, Inc.
David Figueiredo, President/CEO
2990 Northstar
Virginia City Highlands, Nevada 89521
Phone: (707) 964-2651
Email: info@doublecrownresources.com
Investor Relations
Interactive Business Alliance, LLC
Tommy Hays
Phone: (866) 525-4714
Email: info@ibaconsultingllc.com