VANCOUVER, BC--(Marketwired - February 15, 2017) - Doubleview Capital Corp. ("Doubleview") (TSX VENTURE: DBV) announces that complete analytical results have now been obtained for all core samples from recent drilling programs at its Hat Project in northwestern British Columbia.
Drill hole H-23, parts of which were previously announced, intercepted
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456.28 m at 0.20 g/t Gold, 0.24% Copper, and 0.5 g/t Silver, (0.38% CuEq) of a longer mineralized intersection of
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514.90 m at 0.18 g/t Gold, 0.21% Copper, and 0.45 g/t Silver, (0.34% CuEq).
Drill hole H-26 intercepted
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261.13 m of mineralization at 0.16 g/t Gold, 0.24% Copper and 0.31 g/t Silver, (0.35% CuEq) of a longer
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514.41m mineralized intersection of 0.14 g/t Gold, 0.19% Copper and 0.43 g/t Silver, (0.28% CuEq).
The recent drill holes extend the Lisle Zone mineralization 75m to the east. The limits of the Lisle Zone have not been determined.
Drill hole H-24, located 997m northwest of hole H-26, is believed to be an extension of the Lisle Zone anomaly "A" but continuity is yet to be demonstrated.
The Hat Project, located 95 km southwest of Dease Lake and 475 km north of Smithers, B. C., is a gold-copper alkalic porphyry-type mineral deposit with apparent grades similar to those of several currently operating porphyry-type mines, and porphyry deposits(1) in the interior of British Columbia. Doubleview acquired the Hat property in 2011 and subsequently conducted technical surveys and since 2013 has drilled 10,281.3 metres in 30 drill holes. The 3561.4 hectare property is fully permitted.
The "Lisle Zone" that was discovered in 2013 has been the focus of recent drilling. The Company and its associates believe that a mineral deposit with minimum dimensions of approximately 350 metres by 330 metres and apparent thickness of 395 metres has been indicated and recent drill holes have continued to expand the "footprint." True thickness has not yet been determined. Several parts of the Hat Property with similar characteristics remain to be tested.
President and CEO, Mr. Farshad Shirvani, stated, "Doubleview continues to advance the Hat Project and is greatly encouraged by the current strength of global metal markets driven by robust economic growth and, in particular, by uncertainties in copper supplies. The Hat property is located in a stable political jurisdiction and has very favourable logistics."
| The accompanying table shows composites of analyses from recent drill holes: | ||||||||||||||||
| DDH | From | To | Length | Au | Cu | Ag | Cu Eq | |||||||||
| (m) | (m) | (m) | (g/t) | (%) | (g/t) | (%) | ||||||||||
| H023* | 24.1 | 539 | 514.9 | 0.18 | 0.21 | 0.45 | 0.34 | |||||||||
| H023 | including | 56.72 | 513 | 456.28 | 0.2 | 0.24 | 0.5 | 0.38 | ||||||||
| H023 | and | 67.9 | 400.27 | 332.37 | 0.25 | 0.29 | 0.55 | 0.46 | ||||||||
| H023 | and | 270.62 | 367.3 | 96.68 | 0.38 | 0.51 | 0.36 | 0.77 | ||||||||
| H023 | and | 303.33 | 346.15 | 42.82 | 0.54 | 0.68 | 0.47 | 1.04 | ||||||||
| H024 | 3 | 139 | 136 | 0.1 | 0.11 | 0.44 | 0.18 | |||||||||
| H024 | including | 3 | 77 | 74 | 0.17 | 0.19 | 0.59 | 0.31 | ||||||||
| H024 | and | 3 | 36.5 | 33.5 | 0.38 | 0.42 | 1.02 | 0.69 | ||||||||
| H024 | and | 3 | 26.5 | 23.5 | 0.52 | 0.59 | 1.22 | 0.95 | ||||||||
| H024 | and | 3 | 7 | 4 | 2.62 | 3.19 | 4.0 | 4.96 | ||||||||
| H024 | 234 | 236 | 2 | 0.12 | 0.32 | 3.0 | 0.43 | |||||||||
| H025 | No significant values | |||||||||||||||
| H026 | 7.62 | 522.03 | 514.41 | 0.14 | 0.19 | 0.43 | 0.28 | |||||||||
| H026 | including | 7.62 | 27.8 | 20.18 | 0.41 | 0.39 | 2.54 | 0.68 | ||||||||
| H026 | and | 189.8 | 522.03 | 332.23 | 0.16 | 0.22 | 0.27 | 0.33 | ||||||||
| H026 | including | 189.8 | 308.37 | 118.57 | 0.22 | 0.25 | 0.18 | 0.39 | ||||||||
| H026 | and | 252.86 | 287 | 34.14 | 0.28 | 0.44 | 0.34 | 0.63 | ||||||||
| H026 | and including | 260.9 | 522.03 | 261.13 | 0.16 | 0.24 | 0.31 | 0.35 | ||||||||
| H026 | and including | 260.9 | 310.47 | 49.57 | 0.26 | 0.39 | 0.26 | 0.56 | ||||||||
| H026 | and | 454.86 | 522.03 | 67.17 | 0.15 | 0.35 | 0.58 | 0.45 | ||||||||
| H027, H028, H029, H030 to be reported later. | ||||||||||||||||
| * Partial results were reported 3/Feb/2015. | ||||||||||||||||
| **True widths unknown | ||||||||||||||||
Drill Plan is located on the website of the company at: http://www.doubleview.ca/projects/hat-gold-rich-porphyry-copper/hat-lisle-zone-drill-plan/