Doubleview and Hudbay Sign Agreement to Advance Hat Copper-Gold Porphyry Project, B.C.
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Doubleview Capital Corp. has entered into an option agreement with Hudbay Minerals Inc. in respect of Doubleview’s Hat Copper-Gold Project. Under the terms of the option agreement, Hudbay will be the operator and has the right to earn up to a 65 perecent interest in the Hat Property in three stages, as follows: 1) spending $25 million on exploration and delivering a mineral resource estimate to earn a 51 percent interest; 2) spending a further $15 million on exploration and completing a pre-feasibility study to earn a cumulative 55 percent interest; and 3) spending all amounts required to complete a feasibility study to earn a cumulative 65 percent interest.
“Our ultimate goal with the Hat Property has been to joint venture with a successful and well-respected major mining company,” said Doubleview President and CEO Farshad Shirvani.
“In this milestone agreement, we have achieved this goal. With Hudbay, we have found a partner with the technical expertise and resources to move this project forward for the benefit of our shareholders,” added Shirvani.
Shirvani noted that Doubleview’s drill program at the Hat Property has identified a robust gold-copper porphyry deposit. “With a 2.5 kilometer by 1 kilometer identified zone, Hudbay will have ample targets for its drill campaigns.”
About Doubleview Capital Corp.
Doubleview Capital Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the–art exploration methods. The company’s portfolio of strategic properties provides diversification and mitigates investment risk.
To stop by Doubleview’s website, CLICK HERE
About Hudbay
Hudbay is an integrated mining company producing copper concentrate (containing copper, gold and silver) and zinc metal. With assets in North and South America, the company is focused on the discovery, production and marketing of base and precious metals. Through its subsidiaries, Hudbay owns four polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and a copper project in Arizona (United States).
To stop by Hudbay’s website, CLICK HERE
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