Doubleview Capital starts geophysical survey at Hat

2013-09-10 09:39 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW CAPITAL CORP. (TSX-V: DBV) PROVIDES UPDATE ON SECOND PHASE OF EXPLORATION PROGRAM, DIAMOND DRILLING AND RECENTLY ANNOUNCED FINANCING

Doubleview Capital Corp. has commenced a ground geophysical induced polarization survey on its Hat property located west of Dease Lake in the Stikine mining district of northwestern British Columbia. The Sheslay property of Prosper Gold Corp. borders the west boundary of the Hat property.

Approximately 40 km of induced polarization and magnetic surveys will be directed to the 3561.43 hectare Hat property where the Company's recently completed 1380 metre six hole diamond drilling program tested parts of strongly anomalous areas that were identified by historic and recent geochemical and geological surveys and by geophysical surveys completed in 1979 by a major exploration company. The recent drill holes were the first ever on the property and confirmed the copper-gold alkalic porphyry exploration model that had been proposed by the Company's management and consultants. The following are partial analytical data from samples of drill cores as reported by an internationally-accredited analytical laboratory, (News Release dated 11/June/2013):

Drill Hole HAT02: from 97.7 m to 119.3m (21.6m) averaged 0.389% copper and 0.287 grams gold/tonne. Drill Hole HAT03: from 50.5 m to 57.6m (7.1m) averaged 0.214% copper and 0.182 grams gold/tonne Drill Hole HAT04: from 56.9m to 70.3m (13.4m) averaged 0.189% copper and 0.184 grams gold/tonne Drill Hole HAT05: from 123.7 m to 128.8m (2.6m) averaged 1.074% copper and 0.837 grams gold/tonne Drill Hole HAT06: from 72.1m to 182.2m (110.1m) assayed 0.21% copper and 0.154 grams gold per tonne.

The induced polarization and magnetic surveys, using more powerful instruments and superior satellite-based positioning methods, will complement data from the historic surveys posted on Doubleview's website at http://www.doubleview.ca/projects-2/hat-copper-gold/hat-project-drilling-targets-ip-plan-and-sections/ , and in addition will provide greater depth information and better definition of several previously identified anomalous areas. Other prospective areas will be surveyed at a later date. The current survey is designed to cover and further enhance insight on the identified targets as follows:

Target A: Soil Geochem and IP anomaly with approximate dimensions of 1000m x 480m Target B: Soil Geochem and Relatively Strong IP Chargeability anomaly with approximate dimensions of 1390m x 520m. (Drill Hole HAT0 is located on the edge of target B and is mineralized from near the surface.) Target C: Soil Geochem and Strong IP Chargeability anomaly with approximate dimensions of 1350m x 920m Target E: Soil Geochem and Relatively Strong IP Chargeability anomaly with approximate dimensions of 820m x 660m

Details of those areas are included in Doubleview's recent news releases that can be found on the Company's website and on SEDAR.

The Stikine Mining District is among the most active exploration areas of the province. Subsequent to Doubleview's initiation of work on the Hat property, several companies have acquired ground positions nearby: in particular, Prosper Gold Corp. (TSX-V: PGX) by agreement with Firesteel Resources Inc. (TSX-V: FTR) is conducting geophysical surveys and commenced diamond drilling on the Sheslay property located immediately west of Doubleview.

Doubleview, subject to TSX Venture Exchange approval, is completing a non-brokered private placement that will finance the geophysical surveys and a resumption of diamond drilling. A drilling contractor has been engaged and it is expected that drilling will resume immediately following completion of the geophysical surveys.

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 provided on site supervision of the drilling and has reviewed and approved 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.

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