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Doubleview Capital Corp. (TSXV:DBV, OT:DBLVF, GER:A1W038 / 1D4) is creating shareholder value by building a portfolio of high-quality gold, copper and silver exploration projects in top-rated mining jurisdictions. The company’s flagship project is the Hat Gold-Copper Porphyry Property which has the potential for a large-scale gold-copper porphyry deposit in northwest British Columbia’s Sheslay District. The region is endowed with a significant number of base metal deposits including the Red Chris copper-gold mine, the KSM copper-gold-silver-molybdenum deposit, Galore Creek copper deposits, and the Copper Fox copper-molybdenum deposit.
“The Hat is one of British Columbia’s most promising early-stage porphyry projects with tremendous exploration upside given our evolving and robust geological, geochemical and geophysical model,” said Farshad Shirvani, Doubleview President and CEO. “Hat has the potential to be the largest gold-copper porphyry deposit in the province, if not in Canada. The deposit has the largest footprint of all that I have come across in British Columbia. Strong mineralization is present all around the property and our grades are better than the average for this region.”
The company in completion of a total of $1.7 million to finance its latest exploration program at Hat. “Our strategy is to aggressively move the project forward by putting 90 percent of our money in the ground to grow shareholder value,” said Shirvani. The goal of the 2016-2017 program is to broaden the dimensions of the recently discovered Lisle Zone and significantly increase understanding of the property’s robust gold-rich copper porphyry system. The first assay results from this program are expected out before the end of 2016.
The company also holds two additional early-stage exploration projects in British Columbia that offer significant opportunities for future discoveries. The Red Spring copper-silver-gold property hosts near-surface mineralization with a historic resource. The Mt. Milligan North property is located approximately 5 kilometers from Centerra Gold’s (TSX:CG) producing Mt. Milligan copper-gold mine.
Holding projects well-situated in terms of geological terrain and mining-friendly jurisdictions does offer Doubleview a clear advantage over others in this space; however, the company’s true competitive edge lies in its highly talented management and technical teams. Doubleview’s CEO Farshad Shirvani is a seasoned geologist with experience in acquisition, exploration and development. Erik Ostensoe P.Geo, the company’s principal geological consultant, has decades of experience with exploration projects in British Columbia’s mineral rich areas including the Valley of Kings and KSM areas, the Schaft Creek copper-molybdenum deposit of Copper Fox and Teck, and the Chu molybdenum deposit.
- Located in highly-ranked mining jurisdiction of B.C., Canada.
- Geographic region offers opportunity for year-round drilling.
- Hat Project assay results from 2013-2015 drill campaigns show better than average grades in B.C.
- Potential to be the largest gold-copper porphyry deposit in the province with sulphide footprint of more than 11 square kilometers.
- Aggressive exploration program underway at Hat Project. • Potential for other discoveries at Red Spring and Mt. Milligan North properties.
- Tight share-structure; management collectively holds about 40 percent with CEO Shirvani the largest shareholder.
- Knowledgeable, highly accomplished management and technical teams.
Flagship Project: Hat Gold-Copper Porphyry Project, British Columbia
The Hat deposit has the potential to be one of the most important porphyry deposits in the province.
The Hat Gold-Copper Porphyry property covers 3,651 hectares, about 95 kilometers southwest of Dease Lake, in the Sheslay Valley of northwestern British Columbia. It hosts a cluster of gold-copper porphyry systems within a structurally controlled northwest-trending corridor. The Hat deposit extends over an area of 3 kilometers by 4 kilometers and is indicative of the alkali gold-copper porphyry deposits found in this region of the province. Other notable deposits in this area include Galore Creek, Copper Fox and the Red Chris Mine.
Infrastructure includes the Golden Bear Road 10 kilometers to the south of the property, Highway 37 about 95 kilometers to the east, and the recently completed Northwest Transmission Line which brings electric power to within 120 kilometers of the property.
Historical data on the property includes work completed by a major exploration company in the late 1970’s which included detailed geological, geochemical and geophysical surveys and trenching.
Lisle Zone data indicates porphyry-type model with excellent gold content
Following acquisition in 2011, Doubleview conducted diamond drilling programs between 2013 and 2015 totaling more than 8300 meters in 25 drill holes.
The Hat deposit, located in the Lisle Zone of the property, was first discovered by Doubleview’s geological team in early 2014 when the project was still in the greenfield prospecting stage. In terms of porphyry-type deposit models, the gold content of the Lisle Zone is one of its most significant features.
Highlights from this drill work are found in the table below.
The Hat deposit has a sulphide footprint of more than 11 square kilometers as determined by rock samples and geological mapping.
The data points illustrated above indicate locations of sulphide mineral occurrences that vary from “small” to “significant”.
2016-2017 Exploration Program
Doubleview’s current exploration program at the Hat Property began in November 2016 and is focused on further exploring the highly prospective Lisle Zone laterally and at-depth. The goal is to potentially establish a mineral resource for the deposit.
Potential Discovery Opportunities
Red Spring Copper-Silver-Gold Property, British Columbia
Doubleview’s Red Spring copper-silver-gold property comprises 215.75 hectares located 160 kilometers north of Smithers, British Columbia.
Past exploration work on the property includes drilling programs in 1973 which outlined a near-surface, non-NI 43-101 compliant historic resource of 4.5 million tonnes grading 0.5 percent copper and 11.9 g/t silver.
In July 2016, the company announced the initiation of exploration work on the Red Spring property, including detailed soil geochemical sampling and shallow drill holes in order to further explore the extent of near-surface mineralization. The work program with target newly identified areas as well as test and confirm historical work.
Mt. Milligan North Property, British Columbia
The Mt. Milligan North Property comprises 2,952 hectares located 165 kilometers northwest of Prince George, British Columbia, and approximately 5 kilometers northwest of the long-lived Mt. Milligan copper-gold mine currently in operation under Centerra Gold. Doubleview’s property is prospective for Mt. Milligan type mineral deposits—large, low grade copper-gold deposits.
Farshad Shirvani, MSc. Geol.—President, CEO and Director
Farshad Shirvani has more than 20 years of solid geological experience in mineral exploration. He is the President of Terracad Geoscience Services Ltd. and served as a member of the Board of Directors of several junior mining companies, including Barkerville Gold Mines Ltd. (BGM-TSXV) for more than 7 years. Shirvani brings to Doubleview a wealth of experience in mining property acquisition, exploration and development.
Robert Hall —Chief Financial Officer and Director
Robert Hall brings over 11 years’ experience in management in both public and private companies to the company. He was previously a Director of Stream Oil and Gas, which is an Albanian oil and gas producer and was sold to TransAtlantic Petroleum in November 2014. Prior to Stream, Hall gained extensive experience in the operations of Canadian based hard rock companies, drilling 120,000 meters in the Great Bear Magnetic Zone NT for a junior exploration company where he has served as a Director, Officer and COO. He currently is President and CEO of Abcana Capital Inc., a gold and VMS exploration company.
Allan Fabbro—Director, Mining Projects Analyst
Allan Fabbro currently serves as executive officer and/or director of a number of junior resource companies listed on the TSX Venture Exchange, including American Consolidated Minerals Corp., Canada Gold Corporation, Midnight Sun Mining Corp., Roxgold Inc. and WPC Resources Inc. He has been instrumental in the company’s 2012 and 2013 financing and initial drilling program on the Hat Project.
Andrew Rees, B.Com.—Director
Andrew. Rees since 1998 has been a consultant in financial matters with Barkerville Gold Mines, a company engaged in the exploration of previously producing gold properties. Rees is currently CEO, President and a director of Wellstar Energy Corp. (WSE – TSX.V), an oil and gas exploration company, and President and director of Big North Capital Inc. (NRT – TSX.V), a capital pool company. In addition, he has served as a director of Barkerville Gold Mines Ltd. since August 2006, and Lions Gate Energy Inc. (LG –TSX.V), a company engaged in mineral exploration in British Columbia since Feb. 2008.
Bryan Wilson, B.Sc.—Director
Bryan Wilson has worked in the fields of mining exploration and development for 18 years and financial services for 12 years. He has filled various roles including a Mining Analyst for C.M. Oliver and Dominick & Dominick Securities Inc. and as a Corporate Finance Specialist for Thames Capital. He is as officer and director of several public mining exploration companies.
Erik Ostensoe, B.Sc., P. Geo.—Geological Consultant
Erik Ostensoe acts as Qualified Person and principal geological consultant to Doubleview. He has many years of experience in mineral exploration in British Columbia and elsewhere, including early stage work at the Valley of Kings and KSM areas, the Schaft Creek copper-molybdenum deposit of Copper Fox and Teck, and the Chu molybdenum deposit near Vanderhoof, B.C. He is a co-vendor of the Hat Property.
Patrick McAndless, P.Geo, FGC—Geological Consultant
Patrick McAndless has over 44 years in the mining industry primarily exploring for base and precious metal deposits. Previously, he served as Vice-President Exploration of Imperial Metals Inc. and assisted the Imperial Metal’s team in discovering key deposits in British Columbia and Nevada. Other work has included managing large scale exploration projects for various senior and junior mining companies focusing on porphyry copper, volcanic massive sulphide, epithermal gold, uranium and diamond deposits.
John Buckle, P. Geoph., P. Geo.—Principal Geophysical Consultant
John Buckle has a long history of geophysical survey work and was responsible for the discovery of several important mineral deposits. He obtained a B.Sc. degree from the University of Toronto and has served as president of the Geophysical Society. Buckle has reviewed historic geophysical data of the Hat property and has provided guidance and evaluation of more recent survey work by Doubleview and continues to advise on all matters of geophysical data, surveys and instrumentation.
Thomas E. Lisle, P. Eng.—Advisor
Thomas Lisle was responsible for identifying the geologic potential of the Hat Property and the nearby properties of Firesteel Resources. He worked in the Sheslay area of northwestern British Columbia in the 1970s and discovered the Dick Creek copper property currently being explored by Firesteel and Prosper Gold. In 1993 he, with Erik Ostensoe, staked the Hat Property and in subsequent years completed various technical surveys that confirmed the presence of an important porphyry-type environment. He is a co-vendor of the Hat Property.