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A drilling contract for 1,000 to 1,500 metres was announced July 3, subject to the completion of a private placement of $600,000 announced July 23.
Mt Milligan North comprises 11,746 hectares located 165 kilometres northwest of Prince George and directly to the north of Thompson Creek’s TSX:TCM Mt Milligan Copper-Gold Mine, which is scheduled to start production in 4Q 2013. Other companies in the immediate vicinity are Serengeti TSX:SIR, Orestone TSXV:ORS, Teck and Xstrata. “We have, for now, two very good targets,” Shirvani says. “One is a solitary target, and we delineated that last year. This year, because of our budget, we’ve got to be cautious, but we’re going to work on the west side, which used to be Teck‘s. We’ll do an MMI survey to confirm what they found.”
Metropolitan comprises 1,553 hectares located 50 kilometres southeast of Revelstoke, about eight kilometres southeast of Mineral Mountain’s TSXV:MMV Kootenay Arc Project. “Our properties are right in the center of Mineral Mountain,” Shirvani says. “I have experience in the area as I previously worked there on other projects for several years. I really like it because it’s right in the belt where lots of small past producers are located. We have two right on our property. Plus, Silver Standard TSX:SSO had a property next door to us which they sold to Mineral Mountain, and this shows it has been attractive to other companies for years.
“According to our neighbours, the area shows very good results. Our exploration program will aim to find the source of all these small past producers,” Shirvani says. Prospecting, mapping and sampling begins in September, and Doubleview hopes to have a drill target for 2013.
We know BC, and we know the geology… I think we have a very powerful board. They give us geological understanding plus financial and business acumen —Farshad Shirvani
Shirvani is eager to expand his company’s portfolio. “We’re always looking for projects in BC,” he says. “Once we do the drilling on Hat, I expect we’ll be in a better position to get financing.”
His optimism is staked on the expertise of his management. “We know BC, and we know the geology,” he declares. “Neil MacDonald, our Executive Chairman and CFO, was in corporate finance for Blackmont Capital [now part of the Macquarie Group] and was on the board of Copper Canyon [now part of NovaGold]. He understands project management and setting up transactions.” Our director Bryan Wilson was an analyst for Dominick & Dominick and is on the board of Centerra Gold TSX:CG. He gives us a very good niche in the market. Our director Andrew Rees is on the board of several juniors and has raised millions of dollars for several companies. I think we have a very powerful board. They give us geological understanding plus financial and business acumen.”
Shirvani concludes, “We’re very excited. I think we have on the Hat Project a target with a triple signature on it, and we hope that will be our breakthrough.”
At press time, Doubleview had 12.4 million shares trading at $0.055 for a market cap of $683,000.
Doubleview Capital Corp is a client of OnPage Media.
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