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Doubleview Gold Corp Is Concluding the Successful Drill Season of 2024

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Doubleview Gold Corp has completed its 2024 drill season at the Hat polymetallic porphyry project in northwestern British Columbia. The company drilled over 10,000 metres across 18 drill holes, shipping 5,627 core samples. Notable results include drill hole H072 with 686.0m of 0.23% Cu, including high-grade sections up to 7.48% CuEq. The Hat deposit now covers approximately 1.6 x 1.7 kilometers with no boundaries of mineralization encountered. The drilling campaign successfully confirmed the Mineral Resource Estimate's block model and proved mineralization continuity in previously unexplored areas.

Doubleview Gold Corp ha completato la sua stagione di perforazione 2024 presso il progetto di porfido polimetallico Hat, nel nord-ovest della Columbia Britannica. L'azienda ha perforato oltre 10.000 metri attraverso 18 fori di perforazione, spedendo 5.627 campioni di nucleo. Risultati notevoli includono il foro di perforazione H072 con 686,0 m di 0,23% Cu, incluse sezioni ad alta gradazione fino al 7,48% CuEq. Il deposito Hat ora copre circa 1,6 x 1,7 chilometri senza limiti di mineralizzazione riscontrati. La campagna di perforazione ha confermato con successo il modello a blocchi della Stima delle Risorse Minerali e ha dimostrato la continuità della mineralizzazione in aree precedentemente inesplorate.

Doubleview Gold Corp ha completado su temporada de perforación 2024 en el proyecto de pórfido polimetálico Hat, en el noroeste de Columbia Británica. La compañía perforó más de 10,000 metros a través de 18 agujeros de perforación, enviando 5,627 muestras de núcleo. Resultados notables incluyen el agujero de perforación H072 con 686.0m de 0.23% Cu, incluyendo secciones de alta calidad de hasta 7.48% CuEq. El depósito Hat ahora cubre aproximadamente 1.6 x 1.7 kilómetros sin límites de mineralización encontrados. La campaña de perforación confirmó con éxito el modelo de bloques de la Estimación de Recursos Minerales y demostró la continuidad de la mineralización en áreas previamente inexploradas.

더블뷰 골드 코프는 북서부 브리티시컬럼비아의 핫 다중 금속 포스파이 프로젝트에서 2024 드릴 시즌을 완료했습니다. 이 회사는 18개의 드릴 홀에서 10,000미터 이상를 드릴링하고 5,627개의 코어 샘플을 보냈습니다. 주목할만한 결과는 0.23%Cu의 686.0m을 포함하는 드릴 홀 H072로, 최대 7.48% CuEq에 이르는 고품질 구간을 포함하고 있습니다. 핫 매장지는現在 약 1.6 x 1.7킬로미터 범위를 커버하고 있으며, 미네랄화의 경계는 발견되지 않았습니다. 드릴링 캠페인은 광물 자원 추정에 대한 블록 모델을 성공적으로 확인하고, 이전에 탐사되지 않았던 지역에서 미네랄화의 연속성을 입증했습니다.

Doubleview Gold Corp a terminé sa saison de forage 2024 sur le projet de porphyre polymétallique Hat dans le nord-ouest de la Colombie-Britannique. L'entreprise a foré plus de 10 000 mètres à travers 18 forages, expédiant 5 627 échantillons de carottes. Parmi les résultats notables, on trouve le forage H072 avec 686,0 m de 0,23% Cu, y compris des sections de haute teneur allant jusqu'à 7,48% CuEq. Le dépôt Hat couvre maintenant environ 1,6 x 1,7 kilomètres sans limites de minéralisation rencontrées. La campagne de forage a confirmé avec succès le modèle à blocs de l'estimation des ressources minérales et prouvé la continuité de la minéralisation dans des zones précédemment inexplorées.

Doubleview Gold Corp hat seine Bohrsaison 2024 im polymetallischen Porphyrprojekt Hat im nordwestlichen British Columbia abgeschlossen. Das Unternehmen hat über 10.000 Meter in 18 Bohrlöchern gebohrt und 5.627 Kernproben verschickt. Bemerkenswerte Ergebnisse umfassen das Bohrloch H072 mit 686,0 m von 0,23% Cu, einschließlich hochgradiger Abschnitte von bis zu 7,48% CuEq. Das Hat-Vorkommen erstreckt sich nun über etwa 1,6 x 1,7 Kilometer ohne erkannte Mineralisierungsgrenzen. Die Bohrkampagne hat erfolgreich das Blockmodell der Mineralressourcenschätzung bestätigt und die Kontinuität der Mineralisierung in zuvor unerforschten Bereichen nachgewiesen.

Positive
  • Successful completion of over 10,000 metres of drilling in 18 holes
  • High-grade intercepts in hole H072 showing up to 7.48% CuEq
  • Confirmation of mineralization in previously unexplored areas
  • Expansion of deposit area to 1.6 x 1.7 kilometers with open boundaries
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - November 26, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce that it has completed another successful drill season at its 100% owned Polymetallic Hat porphyry project, located in northwestern British Columbia. As previously announced, on October 16, 2024, the objectives of this drill season were to confirm the Mineral Resource Estimate's ('MRE') block model, proof further the continuity of mineralization, increase the resource model integrity, and test new areas.

In this 2024 drill season, the Company again drilled more than 10,000 metres in 18 drill holes. 5,627 drill core samples weighing over 23 tonnes were shipped to an accredited analytical laboratory. Doubleview's QA/QC sampling and assaying protocols are shown below. Highlights of the initial assay results from drill holes H072, H073 and H074 from the October, 16th 2024 News Release are:

Drill hole H072:

  • 686.0m of 0.23% Cu, 0.16 g/t Au, 64 g/t Co, 0.33 g/t Ag and 25.7 g/t Sc (0.38% CuEq*)
  • including 154.0m of 0.66% Cu, 0.46 g/t Au, 112 g/t Co, 0.96 g/t Ag and 24 g/t Sc (1.07% CuEq*)
  • including 62.0m of 1.12% Cu, 0.79 g/t Au, 173 g/t Co, 1.62 g/t Ag and 23.9 g/t Sc (1.81 % CuEq*)
  • including 2.0m of 5% Cu, 2.96 g/t Au, 511 g/t Co, 5.03 g/t Ag and 7 g/t Sc (7.48% CuEq*)

Drill hole H073:

  • 109m of 0.29% Cu, 0.21 g/t Au, 83 g/t Co, 0.47 g/t Ag and 6 g/t Sc (0.5% CuEq*).

Drill hole H074:

  • 128 m of 0.18%Cu, 0.14 g/t Au, 82 g/t Co, 0.29 g/t Ag and 29 g/t Sc (0.33% CuEq*)

(* Note 1: CuEq currently does not include the Scandium)
(Refer to the news release October 16th, 2024 for details)

As predicted in Doubleview's MRE block model, drilling successfully encountered mineralization in previously un-drilled areas which also confirmed the model. In addition, three other areas were drilled. One, located at the east side of the project had been drilled previously by one hole, but this season's drill holes explored an area of about 125m to the north of the drill site. Doubleview also stepped out 300m to the north and northwest of the Lisle Deposit to test anomaly E. Visual inspection of the drill core from these areas confirms continuity of pyrite and chalcopyrite mineralization that is characteristic of the Hat deposit.

Farshad Shirvani, president & CEO of Doubleview, stated: "We set out with several goals this season and I am pleased to announce that all objectives have been met. I sincerely appreciate the hard work of our field crew who tirelessly worked to achieve the 10,000-metre milestone again. I am looking forward to receiving the results. The continued development of our remarkable Polymetallic Hat project is bringing the spotlight to the mineral wealth of the region and the entire province of British Columbia. It takes projects like the Hat to secure important critical minerals such as copper, cobalt and scandium for the green evolution in North America and elsewhere."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_001.jpg

H077, depth 251.5m: potassic alteration and chalcopyrite mineralization in an epidote vein

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_001full.jpg

The Hat deposit now extends over an area of about 1.6 x 1.7 kilometers, No boundaries of mineralization have been encountered.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_002.jpg

H075, depth 230.4m: massive chalcopyrite mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/231397_fd21d95da4c73a37_002full.jpg

Doubleview is awaiting the analytical results from the laboratory which will be announced as soon as the usual data compilation and QA/QC procedures are completed. These results are going to contribute to the updated mineral resource estimate ('MRE 2.0').

Quality Assurance and Quality Control:

Hat Project drill cores are processed at Doubleview's camp where they are photographed, measured and logged by our technical staff and then divided using a diamond bladed saw. One half is placed in a stout bag to form the assay sample that is forwarded securely to the independent analytical lab. The remaining half core is stored on site where it is available for further examination and sampling. The assay cores are subject to a Chain of Custody routine as they are shipped from camp to a bonded carrier for delivery to the lab.

Core samples are analysed at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview's core samples are analyzed or assayed at independent ISO 17025 and ISO 9001- certified laboratories.

When initial assays are received and accepted by our staff, a certain fraction of the samples will be sent to a second ISO-certified lab for check assay and verification purposes. Assays will be reported in News Releases.

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

About Doubleview Gold Corp

A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques.

Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.

About the Hat Polymetallic Deposit

The Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below:

Average GradeMetal Content
Open Pit Model HatResource CategoryTonnageCuEqCuCoAuAgCuEqCuCoAuAg
Mt%%%g/tg/tmillion lbmillion lbmillion lbthousand ozthousand oz
In PitIndicated1500.4080.2210.0080.190.421,353733289292,045
Inferred4770.3440.1850.0090.150.493,6191,945912,3287,575

 

Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3.

For further details of the MRE, please refer to the Company's July 25, 2024 news release.

On behalf of the Board of Directors,

Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO

T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231397

FAQ

What were the key drilling results from Doubleview Gold's (DBLVF) 2024 Hat project campaign?

The key result was hole H072 with 686.0m of 0.23% Cu, 0.16 g/t Au, including high-grade sections up to 7.48% CuEq. Other notable results included H073 with 109m of 0.5% CuEq and H074 with 128m of 0.33% CuEq.

How many meters did Doubleview Gold (DBLVF) drill in the 2024 Hat project season?

Doubleview Gold drilled more than 10,000 metres across 18 drill holes during the 2024 season at the Hat project.

What is the current size of Doubleview Gold's (DBLVF) Hat deposit?

The Hat deposit extends over an area of approximately 1.6 x 1.7 kilometers, with no boundaries of mineralization yet encountered.

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