Doubleview Gold Corp (DBV)

[howestreetbull]

BMR Commentary here...Doubleview Draws Closer To Sheslay “Sweet Spot”

While Doubleview Capital’s (DBV, TSX-V) technical team was already first-rate, it’s no coincidence that what has turned out to be a potentially game-changing drill hole at the company’s Hat Project in the Sheslay district (more impressive results announced after the close yesterday) came under the guidance of Patrick McAndless who was appointed DBV’s senior technical adviser late last summer…

Pat McAndless(1)

McAndless is recognized as 1 of the foremost authorities on Gold-Copper porphyry systems in British Columbia through his many years with Imperial Metals (III, TSX), and has a reputation for finding higher-grade zones…it didn’t take him long to make an impact at the Hat…

hat023_dscn1251
Drill core from H-23 which has delivered the highest Gold and Copper grades encountered to date at the Hat Project.
Yesterday, DBV announced its best drill results yet from the Hat as H-23 cut 74 m of nearly 1% CuEq (0.46 g/t Au and 0.62% Cu) between a depth of 271.9 and 346.2 m…

And there’s more to come as only 400 m of this “hole to China” has been assayed (mineralization started just below 60 m and a 278-m interval returned 0.53% CuEq)…interestingly, H-23 also features the highest elevated levels of Molybdenum, Zinc and Cobalt that DBV has found in any drill hole so far at the Hat…

H-23 is is the deepest hole ever drilled in the Sheslay district (from north to south) and confirms the theory that there is strong potential for the discovery of high-grade Gold-Copper zones somewhere under the Hat or elsewhere in the district…Garibaldi Resources‘ (GGI, TSX-V) massive Grizzly Project is expected to come back into play shortly as GGI has loaded its treasury with funds directed toward an abundance of drill-ready targets, and what should prove to be a highly interesting NI-43-101 technical report on the Grizzly is also on the way…GGI ground is less than 2,000 m south of H-23, and even DBV President and CEO Farshad Shirvani is predicting a discovery at the Grizzly based on improved knowledge of the overall area. “We love what we have,” Shirvani told BMR last night, “but I’m confident that Garibaldi is going to make some noise right next to us. Steve Regoci and his crew have been working exceptionally hard and we are in communication.”

At Least 3 Significant Zones Hit In H-23

H-23 hit a 40-m pyrite zone between 186.3 and 226.7 m averaging 0.61 g/t Au and 0.35% Cu (0.79% CuEq)…

A wider pyrite zone (110.9 m) was encountered between 270.6 m and 381.6 m and returned 0.36 g/t Au and 0.47% Cu…

And a third, even wider pyrite-chalcopyrite zone was hit beginning just below 400 m and extending to at least 520 m…assays for that section, plus another 130 m of H-23, are pending…the hole was halted just before Christmas at a depth of 650 m, and could be extended as soon as crews return to the property for the next round of drilling…

Keep in mind, every round of drilling at the Hat has produced better results…after just 23 holes, the Lisle Zone measures nearly 1 km east-west and half a km north-south…mineralization is extending to impressive depths and is open in all directions…major tonnage is building here, and several other anomalies at the Hat have yet to be drill-tested…

H-23 provides strong evidence that Doubleview is drawing closer to the core of the Hat system, a potential “sweet spot” where grades could climb dramatically…is a potential world class deposit in the making here?…absolutely, and this is still very early in the game for Doubleview…getting a proper handle on the geometry of a porphyry system often takes at least 40 drill holes…

The fact that DBV has taken the Hat from a grassroots stage to where it is now, in less than 2 years, is a very notable achievement – a real success story – in any market environment…

Updated DBV Chart

Technically, DBV has several bullish factors in its favor at the moment including an RSI(14) on this 2-year weekly chart that has pushed above 50% for the first time since last October after forming a bullish “W”…significantly, the 50-day moving average (SMA) has flattened out at 13 cents and is now beginning to reverse to the upside…interestingly, the CMF shows modest accumulation of DBV since late September following a period of extended, albeit weak, sell pressure…major technical breakout possible this week…

DBV is up half a penny at 16.5 cents as of 6:50 am Pacific…

DBV3(1)
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