Doubleview Capital (TSXV:DBV)has announced that it has entered into an option agreement with Hudbay Minerals (TSX:HBM) in respect of Doubleview’s Hat copper-gold project in northern British Columbia.

Hudbay will be the operator with the rights to earn up to a 65 percent interest in the Hat property in three stages: spending C$25 million in exploration and delivering a mineral resource estimate to reach 51 percent interest, spending an additional C$15 million on exploration and completing a pre-feasability study to reach 55 percent, and finally, spending “all amounts required” to complete a full feasibility study.

President and CEO of Doubleview, Farshad Shirvani said:

“Our ultimate goal with the Hat Property has been to joint venture with a successful and well-respected major mining company. In this milestone agreement, we have achieved this goal. With Hudbay, we have found a partner with the technical expertise and resources to move this project forward for the benefit of our shareholders.”

Click here to view the full Doubleview Capital (TSXV:DBV) press release.