Doubleview Capital Corp. is a Canadian junior mining exploration company based in Vancouver, British Columbia. The Company’s operations presently involve three projects: the Hat Gold-Copper Project in the northwest region of the province, the Red Spring and Mt. Milligan properties in central B.C. Doubleview’s flagship project is the Hat Project. The Hat property is host to an alkalic-type gold-copper porphyry mineral deposit. Porphyry deposits provide the majority of the world’s copper and a significant percentage of the world’s gold. They tend to be large and low-grade ore deposits. In the case of Hat, these deposits have formed in clusters, in a somewhat unique pattern. The Company currently holds an option to own 100% of this property.
DBV has been conducting exploration at Hat since 2011 and drilling since 2013, and commenced early stage exploration of the Red Spring Silver-Copper-Gold property earlier this year. The Mt. Milligan property is currently at the evaluation stage of development. Further information can be found here.
Could you provide investors with a brief history of Doubleview Capital and its management team?
Doubleview is a public company with trading privileges on the TSX-Venture exchange under DBV ticker, in Germany under A1W038 / 1D4 and on OTCBB (USA) under DBLVF. Farshad Shirvani, MSc., President and CEO, a geologist, GIS and Resource Modelling specialist has been involved with the Company since 2009 and is a major shareholder. He has directed all technical surveys, drilling and financing. Other Directors are senior mining and financing specialists.
The Company has focused on porphyry ore deposits in acquiring its land packages. Could you explain why DBV has a preference for this particular type of geological formation?
British Columbia is host to a large number of copper porphyry deposits, many of which have been developed into operating mines and many others are in advanced stages of exploration and development. The Company recognizes that most discoveries were made many decades ago before the introduction of current technologies and believes that opportunities exist for exploration success through application of modern exploration techniques, including satellite imagery, computer-aided terrain analysis, sophisticated geophysical instrumentation, highly precise geochemical determinations, along with traditional prospecting and drilling.
Doubleview’s operations are presently focused on the Hat Gold-Copper Property. What factors led the Company to acquire an option on this land package, and what are its geological highlights?
The Hat property was optioned from two prospectors who had worked in the area many years ago and had maintained their mineral claims for more than two decades and had found strong indications of porphyry-type mineralization. Their package of geological, geochemical and geophysical data from a vastly under-explored part of BC was irresistible. Of compelling interest were the location of the Hat in geologically favorable rock formations, the presence of areas with strong geochemical signatures, and the owners’ access to historic geophysical survey data. The Company was able to negotiate a very favorable option agreement that ensured that most monies raised from public financing would be directed into the ground.
DBV’s drilling operations at Hat were temporarily impeded. What was responsible for this interruption, and has this issue been resolved?
In July, 2015, the Company’s fully permitted and bonded drilling operation was halted by a delegation from a local First Nation that had serious concerns about the preservation of historic traditional lands and cultural and sacred sites. The interruption of work created an opportunity to further engage with the First Nation and demonstrate that work was being carried out in a very responsible manner with due regard for their concerns and that a preliminary archaeological evaluation had found little evidence of sites of historic human activity in the areas being explored. The Company in the past has worked closely with the First Nation persons and contractors and is actively in discussions to strengthen that relationship.
The Company’s best drill results at Hat to date came in your 2013 drill program. Could you summarize the results of that drilling and its significance to the overall development of this project?
Results from 2013 drilling included recognition of a previously unknown area of strong gold-copper mineralization, with long intersections of material with metal values similar to those currently being mined profitably elsewhere in B. C. Subsequent drilling has greatly expanded the area and its dimensions and values have not been determined. Notable intercepts announced to date includes;
DBV recently announced it has obtained an “enhanced permit” for the Hat Project. What is the significance of this additional permitting?
The recently enhanced permit allows the Company to drill a greater number of holes from a greater number of sites.
Doubleview recently upgraded its camp facilities at Hat which have enabled year-round drilling on that property. How will this affect your development of this Project, and what are the Company’s near-term plans for exploration?
The improved camp facilities allowed the Company to safely and comfortably continue working until early December in spite of exceptionally brutal winter conditions. Work was suspended due to safety concerns about working in a very remote, helicopter-only accessible area but work will resume in late winter after the worst of the cold and darkness has passed.
Doubleview began exploration work at Red Spring this year. Could you summarize that initial work and provide investors with your future plans for this land package?
Doubleview believes that the Red Spring property has good potential for discovery of a non-porphyry-type copper resource. Historic exploration, including a small number of drill holes, and the Company’s reconnaissance and geochemical sampling work have been directed to a zone of strata-bound oxide copper mineralization. A small deposit has been partially outlined. Further property work in the form of geologic mapping, geophysical surveys and drilling has been recommended. Data from recent work, combined with historic data, will allow the Company to plan a focused exploration program.
The Company also has two other properties in its collection of projects: Mt. Milligan and Metropolitan. What are the highlights of these land packages, and what are the Company’s preliminary plans for exploration?
The Company’s Mt Milligan North is in geologically favorable location and has exploration potential for discovery of porphyry-type copper-gold. The Company intends to resume exploration on this property when funds are available.
You recently opened a private placement for $1M, can you talk to us about the financing opportunity, why buy today?
Our studies and analyses of metal markets, commodity cycles and stock markets have convinced us that the long period of low metal prices and low inflation are ending and that all mineral resources, both in production and those capable of being developed, will become increasingly valuable. Doubleview’s Hat Project, although in early stages of exploration, has the potential to become one of many mines that will have to be developed in order to satisfy long-term demands for copper. Its location in a politically stable jurisdiction is a hedge against global insecurity; its apparent good grades in both gold and copper add comfort regarding economic viability; its location in a mineral-rich part of a major copper-producing region adds exploration possibilities and its several still untested anomalous areas with close similarity to the proven discovery give a spicy upside.
What are Doubleview’s long term plans to maximize shareholder value?
Doubleview intends to continue exploration of its existing discovery zone and other anomalous areas in order to demonstrate one or more potentially viable deposits capable of being developed into viable mining operations. Its technical expertise will also be directed to recognition and acquisition of other metal deposits and building a portfolio of exploration properties and/or companies that will grow shareholder value.
FULL DISCLOSURE: Doubleview Capital Corp. is a paid client of Stockhouse Publishing.