The Doubleview Gold Corp (OTCMKTS:DBLVF) stock was one of the more notable fallers in the markets yesterday as it tumbled by as much as 46.50% amidst a heavy selloff. While the decline the stock maybe alarming it should be noted that the company also made a major announcement yesterday.
Doubleview Gold Corp announced on Thursday that it had been successful in having the longest mineralization drilling in its history. The drilling was accomplished at the company’s Lisle Deposit located on the diamond drill hole coded H036. While this was certainly a positive development for Doubleview Gold Corp, it did not make much of a dent on investors’ sentiments and the stock suffered from a remarkable selloff.
In addition to that, it should be noted that the company announced that it also managed to make a new discovery of ‘O Zone’ at the diamond drill hole coded H037. That drill hole is situated 1.5 kilometres from the Lisle Deposit at the HAT property that is owned entirely by Doubleview Gold Corp. The HAT property is rich in gold and copper and lies in the area popularly known as the ‘Golden Triangle’ in British Columbia.