Doubleview Gold Corp (DBV)

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DBV.v Doubleview Capital Corp. (DBV, TSX-V) Update

Through sheer grit and determination, and some good luck as well, Doubleview Capital (DBV, TSX-V) President and CEO Farshad Shirvani has put his company in a position to define British Columbia’s newest world-class porphyry deposit in the emerging Sheslay District in 2015, a highly notable achievement considering 2 major factors in particular: 1) The exceptionally challenging market environment the junior resource industry has had to deal with; and (2) the fact that the Hat Property was merely at the grassroots stage only a year-and-a-half ago with no previous drill holes…the latter point speaks to the immense opportunities the Sheslay District offers…

Farshad Shirvani at Hat Discovery
DBV President and CEO Farshad Shirvani at the Hat Property during BMR site visit in April, 2014. Shirvani has an intense belief in the Hat and its potential, a key factor driving the development of this important new discovery in northwest B.C.
Any property that advances to the deposit stage (not many do) will produce several “game-changing” holes along the way…H-23 completes the “hat trick” for Shirvani…the first 2 of course were H-8 and H-11 in January 2014, the latter delivering 451 m grading 0.33% CuEq…each round of drilling has returned better results at the Hat, a trend one looks for in the successful evolution of a deposit (by contrast, Colorado Resources – CXO, TSX-V – could never match the success of its first hole at the North ROK Project in the spring of 2013…ironically, that first hole was a catalyst that ignited fresh interest in the Sheslay District)…

As revealed this week, H-23 has hit at least 3 important mineralized zones with more assays on the way…it has extended the Lisle Zone by over 100 m to the north, and has also confirmed that strong mineralization is present about 220 m below the zone encountered in drill hole H-22, the nearest drill hole…

The market has plenty to speculate about as assay results are pending for the final 250 m of core (so far) from H-23. “A third, wider chalcopyrite-pyrite zone was visually observed to extend for at least 120 m beginning at a depth of 402 m,” as DBV reported yesterday…we take that to mean that the final 130 m has not yet been viewed by a QP, raising the possibility that this 3rd zone may continue beyond 522 m…

H-23 may not even be complete as there’s still a chance DBV may extend it beyond 650 m where it was halted just prior to the Christmas break…the grades in H-23 (a 278-m interval returned 0.53% CuEq) are substantially better than those found in the first 2 discovery holes as DBV appears to be edging closer to the “juiciest” part of the system at the Hat which potentially could even be another anomaly, such as “E”, which hasn’t even been drilled yet…

Something very special appears to have been cooked up at the Hat, so it’s difficult to imagine there isn’t a high-grade Gold-Copper core somewhere in this system…the Lisle Zone currently measures 1 km long and half a km wide, and mineralization is extending several hundred km to depth…this is already a very significant deposit, though DBV must cut into some higher grades to make the Hat economic…they are clearly making progress in that regard…

The Big Picture

Below is a map we first posted last year, adapted from the DBV web site, that shows how the Lisle Zone (in target “B”) is quite possibly just 1 part of a much bigger system…we’ll have an updated map Monday in conjunction with the first part of an interview…the various targets cover an area 4 km x 3.5 km…there is so much to still learn and discover at the Hat, and that process will be fascinating to watch unfold over the coming months…

DBV Hat Discovery

Updated DBV Chart

Below is another check-up on DBV’s technical health, and it’s getting stronger despite the minor pullback this morning…what’s encouraging is the bullish “W” in the RSI(14) which is now above 50% and gathering momentum…the 50-day moving average (SMA) is also just beginning to reverse to the upside – this has happened on 2 other occasions since the start of 2014, and the results were very bullish…

DBV is off 2 pennies at 14.5 cents on light volume as of 8:30 am Pacific…

DBV4(3)
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