Doubleview Gold Corp. V.DBG

Over 450m of mineralization

[FrankSmart]

across anomally "B" so far .33% CuEq.........Here's the Red Chris Info. SEE YA!!!! Manipulator

Highlights of the 2012 Red Chris Report

• Reserves of over 300 million tonnes grading 0.359% copper and 0.274 g/t gold provide for a 28 year project life at a milling rate of 30,000 tonnes per day.
• Pre-production period of only four months during which 1.8 million tonnes of rock and overburden would be relocated. The Red Chris orebody is exposed at surface resulting in a comparatively limited pre-production phase.
• Recovered metal in concentrate would total 2.08 billion lbs copper and 1.324 million oz gold.
• After tax IRR of 15.7% at metal prices of US$2.20/lb copper, US$900/oz gold, US$12.00/oz silver, and exchange rate of CDN$1.00 to US$0.90. Project payback is 4.58 years. Life of mine production cost per pound of copper at these prices, taking silver and gold as credit, is US$1.22. Capital cost is CDN$443 million.
• At the January 2012 monthly average metal prices of US$3.65/lb copper, US$1656.09/oz gold, US$30.78/oz silver, and an exchange rate of CDN$1.00 to US$0.986, the project IRR after tax is 38.8%. The project payback is 1.81 years. Life of mine production cost per pound of copper at these prices, taking silver and gold as credit, is US$0.96.

Measured & Indicated Mineral Resource [Feb 2012]

CuEq Cut-Off	Tonnes	CuEq %	Copper %	Gold g/t	Silver g/t	lbs Copper	oz Gold	oz Silver
>=0.1	1,260,268,288	0.506	0.320	0.319	1.101	8,896,396,672	12,909,215	44,610,942
>=0.2	1,218,017,664	0.517	0.327	0.327	1.114	8,778,055,255	12,801,462	43,624,437
>=0.3	936,210,496	0.598	0.374	0.385	1.224	7,710,990,648	11,573,399	36,842,236

Inferred Mineral Resource [Feb 2012]

CuEq Cut-Off	Tonnes	CuEq %	Copper %	Gold g/t	Silver g/t	lbs Copper	oz Gold	oz Silver
>=0.1	1,658,879,360	0.357	0.218	0.239	0.882	7,968,963,487	12,752,210	47,040,773
>=0.2	1,216,387,328	0.441	0.271	0.292	1.020	7,275,309,676	11,407,734	39,889,916
>=0.3	871,156,032	0.518	0.315	0.349	1.138	6,047,813,802	9,760,898	31,873,465

The copper equivalent estimate was based on copper and gold values and metal prices. No provision was made for metallurgical recoveries for the metals. The formula used to calculate copper equivalent values is: 

CuEq = [Cu% + (Au g/t *0.583)]: using US$3.00/lb copper price & US$1,200/oz gold price.