Drill Hole H035 Extends Lisle Deposit: Intersected 1.00 g/t Gold EQ (0.73% Copper EQ) over 97.9m
Doubleview Gold Corp
TSX.V: DBG - OTC: DBLVF - FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
Date: 16/Feb/2020
Drill Hole H035 Extends Lisle Deposit: Intersected 1.00 g/t Gold EQ (0.73% Copper EQ) over
97.9m
Doubleview Gold Corp. ("Doubleview"), ("Company") (TSXV:DBG) (OTC PINK: DBLVF) (FRANKFURT:
1D4) is pleased to announce assay results from the Lisle Deposit at the Hat Project located in the Golden Triangle,
northwestern British Columbia. Diamond drill hole H035 is one of three deep holes drilled late in the 2020 field
season. As detailed in the table below, H035 intersected mineralization from near surface to final depth of 495
metres, including 97.9m with 1.00 g/t Au Eq (0.73% Cu Eq), within a longer 222.2m intersection with 0.57 g/t Au Eq
(0.41% Cu Eq). Cobalt, Palladium and Silver are present in small but possibly important amounts. H035 was
stopped at 495 m in a zone of weakness that caused the hole to be abandoned. As illustrated in the
accompanying drawing, the Lisle zone was extended approximately 125m eastward.
Summary
• H035 intersected 97.9 metres (“m”) of 1.00 g/t Au Eq (0.73% Cu Eq) in a broader, 222.2 m, zone of
porphyry-style mineralization that averaged 0.57 g/t Au Eq (0.41% Cu Eq).
• H035 intersected several sections with elevated Cobalt and Palladium values. Highest Cobalt values are
437 ppm over 1.00m; highest Palladium, 0.53 g/t over 3.0 m. Cobalt and Palladium are not included in Au
Eq and Cu Eq calculations.
• Cobalt is present in all Lisle Zone drill holes in small but possibly important amounts. The Company has
engaged a consulting metallurgist to advise of the significance of Cobalt and will now evaluate Palladium
and Silver. Several sections with elevated Palladium values were found in H035, especially below 363 m
depth.
• H035 is mineralized from near surface to final depth of 495 m and extends the Lisle deposit approximately
125m easterly but does not limit any dimension of the Lisle deposit. Hole H035 was abandoned at 495 m,
depth, short of its intended depth of 1000m.
Doubleview President and CEO Farshad Shirvani commented, "Drill hole H035 extends the Lisle Zone a further 125
metres easterly and is very important to the company as it supports the size and grade of our conceptual Deposit
Model outlined by the 3D IP Chargeability Model. That model is in part based on geophysical survey data that
can only be confirmed by drilling. In addition, H035 assay data show the presence of Cobalt and Palladium values
that if confirmed by further drilling may add significantly to the Hat Copper -Gold evaluation. We are currently
receiving assay data from the remainder of the 2020 drill program and I am very excited to see results as we
anticipate a possible significant expansion of the size and grade proof of this important porphyry-type deposit in
British Columbia’s prolific Golden Triangle district. We will resume drilling when the 2021 fiel d season begins."
Detailed Analytical Data:
The following table tabulates selected assay results of the drill hole H035.
DDH From
(m)
To
(m)
Length
(m)
Au
(g/t)
Cu
(%)
CuEq
(%)
AuEq
(g/t)
Ag
(g/t)***
Co
(g/t)***
Pd
(g/t)***
H035 9 495 486.0 0.12 0.16 0.24 0.33 0.4 5.86 0.029
H035 97.3 490.2 392.9 0.14 0.18 0.29 0.40 0.41 6.14 0.033
H035 99.3 102.0 2.7 1.08 0.35 1.13 1.55 2.43 23.25 0.011
H035 101.1 377.0 275.9 0.18 0.22 0.35 0.48 0.50 7.12 0.021
H035 101.1 390.0 288.9 0.17 0.22 0.35 0.47 0.49 6.96 0.022
H035 164.8 387.0 222.2 0.19 0.27 0.41 0.57 0.57 6.86 0.024
H035 164.8 495.0 330.2 0.15 0.21 0.32 0.44 0.44 5.81 0.038
Doubleview Gold Corp
TSX.V: DBG - OTC: DBLVF - FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
H035 234.2 495.0 260.8 0.13 0.25 0.35 0.48 0.51 5.88 0.044
H035 260.0 377.0 117.0 0.22 0.45 0.61 0.84 0.83 8.21 0.033
H035 292.1 322.0 29.9 0.24 0.44 0.62 0.85 0.88 9.02 0.015
H035 292.1 390.0 97.9 0.26 0.54 0.73 1.00 0.96 8.14 0.040
H035 322.0 354.0 32.0 0.36 0.80 1.06 1.46 1.26 9.58 0.027
* No metallurgical recovery tests have been conducted: Gold (AuEq} and Copper (CuEq) are reported at 100% recovery and
were directly calculated from the copper and gold assays.
** AuEq and CuEq are calculated on the basis of long-term metal prices: Au US$1300/oz, Cu US$2.60/lb
CuEq (%) = ([(%Cu) x (22.0462) x ($2.6) + (g/t/Au) x (1/31.1035) x ($1300)]) ÷ ((22.0462) x ($2.60))).
AuEq (g/t) = ([(%Cu) x (22.0462) x ($2.6) + (g/t/Au) x (1/31.1035) x ($1300)])/($1300 x1/31.1035)
*** Calculation of AuEq and CuEq does not include Cobalt and Palladium.
Doubleview Gold Corp
TSX.V: DBG - OTC: DBLVF - FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
Quality Assurance and Quality Control
Core samples were prepared at the Vancouver facility of Bureau Veritas Mineral using their PUL85,
FA350, MA200, and LF200 packages. Each core sample is dried, then crushed to 70% passing a 2mm
screen. All material is processed in an automatic Boyd Crusher or Riffle splitter to yield a 500g
homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron
screen. All samples are analyzed for Au, Pt, Pd by 30g fire-assay fusion/ICP-ES finish, using FA350
package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 45
elements. Over limit Cu is analyzed by Four Acid digestion/ICPES finish using ICP-240/ICF-6xx assay
package. All Doubleview core samples are analyzed or assayed at independent ISO 17025 and ISO 9001-
certified laboratories.
Qualified Persons:
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 of the company.
Cautionary Note: No mineral resources have been estimated at the Hat Property and there is no
assurance that further work will result in the Lisle Zone, or other zones if present, being classified as
mineral resources.
About Doubleview Gold Corp
Doubleview Gold 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:DBG],
[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. Doubleview’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 Gold Corp
Vancouver, BC, V6C 1V5
Farshad Shirvani, President & CEO
T: (604) 678-9587
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date o f 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 act ual
Doubleview Gold Corp
TSX.V: DBG - OTC: DBLVF - FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
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.
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