Doubleview Capital Corp. (“Doubleview”) (TSX-V:DBV) (OTC:DBLVF) is pleased to announce the compilation and verification of recent and historic soil samples from Doubleview’s 100% owned Hat Gold-Copper Project, particularly West Gossan and Hoey Gold prospects, located in the Sheslay Valley area of northwestern British Columbia. West Gossan and Hoey high gold and copper rock and soil anomalies are located 1.4 km southwest and 1 km south, respectively, of the Lisle copper-gold rich porphyry deposit. Anomalies extend over an area of 550 by 850 meters at the Hoey gold area and 1,400 by 700 meters at the West Gossan area. Also at the Hoey gold area, some rock samples reported results as high as 8.11 g/t gold, 7% copper and 0.5% cobalt. The West Gossan soil anomaly returned one gold sample of 55.2 g/t with 0.2% copper.
Historic data assay certificates were examined and reports are publicly available from the British Columbia Ministry of Energy and Mines, ARIS report files.
A total 987 soil and 181 rock samples of the West Gossan and Hoey Gold are plotted.
The following tables demonstrate selected samples of West Gossan/Gossan Creek and Hoey Gold areas.
| Selected Hoey Gold Prospect Rock and Soil Samples | |||||||||||||||||||||||||||||||||||||||
| Sample | Type | Au (gr/t) | Au (ppb) | Cu (%) | Cu (ppm) |
Co (ppm) |
Year | ||||||||||||||||||||||||||||||||
| HY-4871 | CHIP | 2 | 2,020 | 2.2 | 22,041 | 149 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4872 | CHIP | 7.1 | 7,130 | 0.44 | 4,380 | 74 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4874 | CHIP | 4.4 | 4,360 | 0.41 | 4,089 | 79 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4875 | CHIP | 2.4 | 2,370 | 0.8 | 8,036 | 109 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4876 | CHIP | 2.1 | 2,050 | 0.55 | 5,529 | 170 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4877 | CHIP | 4.3 | 4,340 | 0.77 | 7,688 | 151 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4878 | CHIP | 3.6 | 3,580 | 0.36 | 3,638 | 391 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4879 | CHIP | 8.1 | 8,110 | 0.36 | 3,559 | 55 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4880 | CHIP | 3 | 3,030 | 0.34 | 3,409 | 410 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4881 | CHIP | 2.8 | 2,830 | 1.05 | 10,490 | 147 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4887 | CHIP | 1.3 | 1,270 | 3.97 | 39,676 | 435 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4889 | CHIP | 2.2 | 2,190 | 0.63 | 6,265 | 284 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4891 | CHIP | 3 | 3,020 | 0.69 | 6,910 | 607 | 1995 | ||||||||||||||||||||||||||||||||
| HY-4893 | CHIP | – | 28 | 2.35 | 23,530 | 524 | 1995 | ||||||||||||||||||||||||||||||||
| HY-9001 | Rock | 2.7 | 2,706 | 0.06 | 641 | – | 1991 | ||||||||||||||||||||||||||||||||
| HY-9002 | Rock | 2.2 | 2,239 | 7.05 | 70,500 | – | 1991 | ||||||||||||||||||||||||||||||||
| HY-A-25 | Rock | 5.1 | 5,100 | 0.33 | 3,257 | 5355 | 1985 | ||||||||||||||||||||||||||||||||
| HY-A-9 | Rock | 2.3 | 2,300 | 1.15 | 11,546 | 33 | 1985 | ||||||||||||||||||||||||||||||||
| HY-HR-10 | Rock | 1.2 | 1,180 | 4.83 | 48,324 | 278 | 1986 | ||||||||||||||||||||||||||||||||
| HY-HR-11 | Rock | 2 | 1,960 | 1.23 | 12,281 | 68 | 1986 | ||||||||||||||||||||||||||||||||
| HY-HR-12 | Rock | 0.1 | 85 | 1.7 | 16,981 | 171 | 1986 | ||||||||||||||||||||||||||||||||
| HY-HR-14 | Rock | 0.3 | 315 | 1.03 | 10,328 | 43 | 1986 | ||||||||||||||||||||||||||||||||
| HY-HR-3 | Rock | 5.6 | 5,568 | 0.4 | 3,959 | 49 | 1986 | ||||||||||||||||||||||||||||||||
| HY-25+00E-22+00N | Soil | 4 | 4,000 | 0.06 | 587 | – | 1988 | ||||||||||||||||||||||||||||||||
| HY-27+25E-20+00N | Soil | 0.8 | 790 | 0.06 | 501 | – | 1988 | ||||||||||||||||||||||||||||||||
| HY-9007 | Rock | 0.06 | 62 | 0.81 | 8,070 | – | 1991 | ||||||||||||||||||||||||||||||||
| Selected West Gossan and Gossan Creek Rock and Soil Samples | |||||||||||||||||||||||||||||||||||||||
| Sample | Type | Au (gr/t) | Au (ppb) | Cu (%) | Cu (ppm) | Co (ppm) | Year | ||||||||||||||||||||||||||||||||
| WG-9006 | Rock | 1.34 | 1337 | 0.02 | 242 | – | 1991 | ||||||||||||||||||||||||||||||||
| WG-86-R-13 | Rock | 0.01 | 14 | 0.18 | 1,771 | 16 | 1986 | ||||||||||||||||||||||||||||||||
| WG-86-R-3 | Rock | 0.02 | 19 | 0.17 | 1,659 | 91 | 1986 | ||||||||||||||||||||||||||||||||
| WG-B-14 | Rock | 0.31 | 305 | 0.16 | 1,553 | 75 | 1985 | ||||||||||||||||||||||||||||||||
| WG-86-R-15 | Rock | 0.01 | 13 | 0.1 | 1,008 | 28 | 1986 | ||||||||||||||||||||||||||||||||
| WG-86-R-4 | Rock | 0.65 | 650 | 0.71 | 7,067 | 67 | 1986 | ||||||||||||||||||||||||||||||||
| WG-B-4 | Rock | 0.35 | 350 | 0.06 | 587 | 481 | 1985 | ||||||||||||||||||||||||||||||||
| WG-B-12 | Rock | 0.17 | 165 | 0.24 | 2,435 | 25 | 1985 | ||||||||||||||||||||||||||||||||
| WG-B-21 | Rock | 0.45 | 445 | 0.1 | 1,021 | 161 | 1985 | ||||||||||||||||||||||||||||||||
| WG-B-32 | Rock | 0.03 | 29 | 0.14 | 1,366 | 59 | 1985 | ||||||||||||||||||||||||||||||||
| WG-E-2 | Rock | 0.36 | 360 | 0.27 | 2,694 | 27 | 1985 | ||||||||||||||||||||||||||||||||
| WG-B-13 | Rock | 0.21 | 210 | 0.26 | 2,594 | 93 | 1985 | ||||||||||||||||||||||||||||||||
| WG-1+90S-15+20W | Soil | 55.2 | 55,261 | 0.38 | 3,801 | – | 2008 | ||||||||||||||||||||||||||||||||
| WG-1190E-1335N | Soil | – | – | 0.13 | 1,250 | – | 1979 | ||||||||||||||||||||||||||||||||
| WG-1190E-1345N | Soil | – | – | 0.15 | 1,450 | – | 1979 | ||||||||||||||||||||||||||||||||
| WG-1200E-1335N | Soil | – | – | 0.24 | 2,400 | – | 1979 | ||||||||||||||||||||||||||||||||
| WG-1210E-1355N | Soil | – | – | 0.5 | 5,000 | – | 1979 | ||||||||||||||||||||||||||||||||
| WG-1215E-1355N | Soil | – | – | 0.25 | 2,450 | – | 1979 | ||||||||||||||||||||||||||||||||
| WG-1195E-1345N | Soil | – | – | 0.17 | 1,650 | – | 1978 | ||||||||||||||||||||||||||||||||
| WG-1195E-1395N | Soil | – | – | 0.16 | 1,550 | – | 1978 | ||||||||||||||||||||||||||||||||
| WG-1+00S-17+00W | Soil | – | 50 | 0.12 | 1,166 | 57 | 2008 | ||||||||||||||||||||||||||||||||
| WG-1+50S-16+50W | Soil | – | 180 | 0.23 | 2,309 | 82 | 2008 | ||||||||||||||||||||||||||||||||
| WG-2+00S-16+50W | Soil | – | 31 | 0.13 | 1,326 | 57 | 2006 | ||||||||||||||||||||||||||||||||
| WG-3+00S-16+50W | Soil | – | 17 | 0.13 | 1,273 | 51 | 2006 | ||||||||||||||||||||||||||||||||
| WG-3+00S-15+00W | Soil | – | 12 | 0.12 | 1,179 | 129 | 2006 | ||||||||||||||||||||||||||||||||
| WG-1215E-1355N | Soil | – | – | 0.18 | 1,800 | – | 1978 | ||||||||||||||||||||||||||||||||
| WG-6+00S-17+00W | Soil | – | 93 | 0.18 | 1,795 | 160 | 2005 | ||||||||||||||||||||||||||||||||
| WG-7+00S-7+50W | Soil | – | 31 | 0.14 | 1,397 | 142 | 1995 | ||||||||||||||||||||||||||||||||
| WG-5+00S-7+50W | Soil | – | 54 | 0.11 | 1,137 | 37 | 1995 | ||||||||||||||||||||||||||||||||
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c8574901-4dcc-46a0-b1ea-4789c9150205
Please visit the following URL to view more maps and 3D images of the sample locations.
http://www.doubleview.ca/projects/hat-gold-rich-copper-porphyry/hoeygold/
Data from government assessment files on Hoey Gold and West Gossan/Gossan Creek indicate a broad zone of elevated copper and gold values in soil on these showings. It is postulated that the mineralization at West Gossan, Gossan Creek and Hoey Gold targets may be genetically related to the same mineralizing events that introduced copper and gold to the porphyry style mineralization on the Lisle Gold rich Copper Deposit. This premise will be investigated in future exploration work in the area.
Doubleview has not carried out a complete QAQC on the historical assay results. The historical sampling, which are publicly available from the British Columbia Ministry of Energy and Mines ARIS report files, have yet to be verified by Doubleview due to historical nature of a portion of the assays. Nevertheless, Doubleview views these as priority exploration targets on its Hat Property.
Mr. John Buckle, P.Geo., an independent Qualified Person as defined by NI-43-01 regulations, has reviewed and approved the scientific and technical disclosure in this news release. Historic sampling was verified by more recent sampling under the supervision of a Professional Geologist, Erik Ostensoe, P.Geo.
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSX-V:DBV), (OTC:DBLVF), (GER:A1W038), (Frankfurt:1D4). 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.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
Doubleview Capital Corp.
409 Granville St., Suite #880
Vancouver, BC V6C 1T2
Farshad Shirvani, President & CEO
T: (604) 678-9587
E: [email protected]
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 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.
