VANCOUVER, BC --(Marketwired - February 21, 2017) - Doubleview Capital Corp. ("Doubleview") (
The August 29, 2011 Option Agreement between Doubleview and the Vendors included schedules of cash and stock payments and a minimum work commitment, all of which requirements have now been met, in return for acquisition by Doubleview of 100% interest in all mineral titles that comprise the Hat Property. The Vendors retain a 2% net smelter return ("NSR") interest of which Doubleview can purchase 1% by making cash payment of $1,500,000.
Doubleview as the sole owner of the property is analyzing the geological model and planning an aggressive drill program for the upcoming season.
Exploration and drilling update:
Doubleview on 15 th February 2017 announced partial assay results from 2015 and 2016 Hat Project drilling and its management and geological team are pleased that they have further expanded the Lisle Zone Gold-Copper Porphyry deposit. The remainder of the assay results will be released when they have been verified and added to the Property database.
Mr. Pat McAndless, P.Geo. senior advisor to Doubleview, has commented on the recent exploration results and progress by saying "Congratulations on your excellent results. It takes time to build your story and you are on the way."
President and CEO, Mr. Farshad Shirvani, M.Sc. Geology commented "I am excited to see the drill results that we have recently announced as they further expand the Lisle Zone of gold and copper mineralization. The results enhance our understanding of the structural, mineralogical and geological expression of the Hat Porphyry Complex that has not been delimited. Exploration planning will be designed to increase the dimensions of the Lisle Zone and test other targets, and may enable estimation of our first resource."
The accompanying table shows composites of analyses announced in the Company's February 15, 2017 News Release:
| 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. | ||||||||
| *True widths unknown | ||||||||
Drill Plan is located on the website of the company at: http://www.doubleview.ca/projects/hat-gold-ri...rill-plan/
Note: dimensions are reported in metric units. CuEq% is a variable calculation using current prices: gold @ $1230/ounce, silver @ $18/ounce and copper @ $2.72/lb. and should not be relied upon in a valuation of the Hat deposit .
Cautionary Note: Although, as reported, gold-copper mineralization has been found over large distances, in excess of 350 metres in all directions, Doubleview has not proven any resources and there is no assurance that further exploration of the Hat Property will result in the identification of any potentially viable mineral deposits.
Qualified Geologist
Erik Ostensoe, P. Geo., a consulting geologist and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder.
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 ], [OTCBB: 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
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.
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.
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: corporate@doubleview.ca
