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Doubleview Provides Exploration Update at the Hat Polymetallic Mineral Deposit, 2024 Drilling Now Exceeds 7,500 m

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Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) has announced that its 2024 drilling program at the Hat polymetallic mineral deposit in Northern British Columbia has surpassed 7,500 meters. The company expects to receive the first assay results soon. The drilling aims to expand the mineral resource, infill areas with data, and extend the boundaries of the existing resource envelope.

The Hat deposit contains critical minerals including copper, cobalt, and potentially scandium. The current footprint of the deposit is approximately 1.5km x 1.38km. The company's president & CEO, Farshad Shirvani, highlighted the deposit's growth and its potential uniqueness among British Columbia's mineral deposits.

The press release includes a table of selected drill results from previous years, showcasing significant intersections with copper equivalents. These results, combined with the ongoing drilling program, are expected to further validate the Hat deposit's resource model and increase its dimensions.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha annunciato che il programma di perforazione del 2024 presso il giacimento minerario polimetallico Hat nel nord della Columbia Britannica ha superato i 7.500 metri. L'azienda prevede di ricevere presto i primi risultati delle analisi. L'obiettivo della perforazione è espandere le risorse minerarie, riempire le aree con dati e ampliare i confini dell'attuale envelope delle risorse esistenti.

Il giacimento Hat contiene minerali critici tra cui rame, cobalto e potenzialmente scandio. L'area attuale del giacimento è di circa 1,5 km x 1,38 km. Il presidente e CEO dell'azienda, Farshad Shirvani, ha sottolineato la crescita del giacimento e il suo potenziale unico tra i giacimenti minerari della Columbia Britannica.

Il comunicato stampa include una tabella di risultati di perforazione selezionati dagli anni precedenti, evidenziando intersezioni significative con equivalenti di rame. Questi risultati, combinati con il programma di perforazione in corso, dovrebbero ulteriormente convalidare il modello delle risorse del giacimento Hat e aumentarne le dimensioni.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) ha anunciado que su programa de perforación de 2024 en el depósito mineral polimetálico Hat en el norte de Columbia Británica ha superado los 7.500 metros. La compañía espera recibir pronto los primeros resultados de ensayos. La perforación tiene como objetivo ampliar los recursos minerales, rellenar áreas con datos y extender los límites del actual sobretecho de recursos existentes.

El depósito Hat contiene minerales críticos, incluyendo cobre, cobalto y potencialmente escandio. La huella actual del depósito es de aproximadamente 1,5 km x 1,38 km. El presidente y CEO de la compañía, Farshad Shirvani, destacó el crecimiento del depósito y su posible unicidad entre los depósitos minerales de Columbia Británica.

El comunicado de prensa incluye una tabla de resultados de perforación seleccionados de años anteriores, que muestran intersecciones significativas con equivalentes de cobre. Se espera que estos resultados, junto con el programa de perforación en curso, validen aún más el modelo de recursos del depósito Hat y aumenten sus dimensiones.

더블뷰 골드 Corp (TSXV: DBG) (OTCQB: DBLVF)는 북부 브리티시컬럼비아에 위치한 햇 다금속 광산에서 2024년 시추 프로그램이 7,500미터를 초과했다고 발표했습니다. 회사는 조만간 첫 번째 분석 결과를 받을 것으로 예상하고 있습니다. 이번 시추의 목적은 광물 자원 확장, 데이터가 있는 지역 보충 및 기존 자원 경계 확장입니다.

햇 광산은 구리, 코발트, 그리고 잠재적으로 스칸듐을 포함한 중요 광물을 함유하고 있습니다. 현재 광산의 면적은 약 1.5km x 1.38km입니다. 회사의 사장이자 CEO인 Parshad Shirvani는 광산의 성장과 브리티시컬럼비아의 다른 광산들과의 잠재적인 독창성을 강조했습니다.

보도자료에는 이전 해의 선택된 시추 결과를 보여주는 표가 포함되어 있으며, 구리 동등물과의 중요한 교차점을 보여줍니다. 이러한 결과들은 진행 중인 시추 프로그램과 함께 햇 광산의 자원 모델을 추가적으로 검증하고 그 크기를 증가시킬 것으로 예상됩니다.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) a annoncé que son programme de forage 2024 au dépôt minéral polymétallique Hat dans le nord de la Colombie-Britannique a dépassé les 7 500 mètres. L'entreprise s'attend à recevoir bientôt les premiers résultats d'analyse. L'objectif du forage est d'étendre les ressources minérales, de combler les zones avec des données et d'étendre les limites de l'enveloppe des ressources existantes.

Le dépôt Hat contient des minéraux critiques tels que le cuivre, le cobalt et potentiellement le scandium. L'emprise actuelle du dépôt est d'environ 1,5 km x 1,38 km. Le président et PDG de l'entreprise, Farshad Shirvani, a souligné la croissance du dépôt et son potentiel d'unicité parmi les dépôts minéraux de la Colombie-Britannique.

Le communiqué de presse comprend un tableau des résultats de forage sélectionnés des années précédentes, mettant en évidence des intersections significatives avec des équivalents de cuivre. Ces résultats, combinés au programme de forage en cours, devraient valider davantage le modèle de ressources du dépôt Hat et en augmenter les dimensions.

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) hat bekannt gegeben, dass das Bohrprogramm 2024 im Hat polymetallischen Mineralvorkommen im Norden von British Columbia 7.500 Meter überschreitet. Das Unternehmen erwartet in Kürze die ersten Analyseergebnisse. Das Ziel des Bohrens ist es, die Mineralressourcen zu erweitern, Daten in bestimmten Bereichen zu ergänzen und die Grenzen des bestehenden Ressourcenbereichs zu erweitern.

Das Hat-Vorkommen enthält kritische Mineralien, einschließlich Kupfer, Kobalt und möglicherweise Scandium. Der derzeitige Umfang des Vorkommens beträgt etwa 1,5 km x 1,38 km. Der Präsident und CEO des Unternehmens, Farshad Shirvani, hob das Wachstum des Vorkommens und dessen potenzielle Einzigartigkeit unter den Mineralvorkommen in British Columbia hervor.

Die Pressemitteilung enthält eine Tabelle mit ausgewählten Bohrergebnissen aus früheren Jahren, die signifikante Schnitte mit Kupferäquivalenten zeigen. Diese Ergebnisse, kombiniert mit dem laufenden Bohrprogramm, sollen das Ressourcenmodell des Hat-Vorkommens weiter validieren und seine Dimensionen erweitern.

Positive
  • Drilling program has surpassed 7,500 meters, indicating significant exploration progress
  • Hat deposit contains critical minerals (copper, cobalt, potentially scandium) as defined in the Canadian Critical Minerals Strategy
  • Deposit footprint has grown to approximately 1.5km x 1.38km
  • Visual results from 2024 drilling align with and confirm the block model's projections
  • Previous drill results show high-grade intersections, with some intervals exceeding 1% copper equivalent
Negative
  • First assay results from 2024 drilling not yet received, indicating potential delays in data analysis
  • Resource envelope remains open in all directions and at depth, suggesting uncertainty in total resource size

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - Doubleview (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to announce that the 2024 drilling program at the Hat polymetallic mineral deposit, located in Northern British Columbia, has now surpassed 7,500 meters and is continuing. The company anticipates receiving the first assay results of the 2024 drilling season in the very near future. The drilling program will expand the mineral resource, infill areas with limited drill data, and extend the lateral and depth boundaries of the existing resource envelope, which remains open in all directions and at depth.

The 2024 drill targets recognize the mineral resource block model from the recently completed Mineral Resource Estimate (MRE) and will increase the mineral resource and upgrade the confidence level of the resource categories. The drilling has met expectations, with visual results aligning with and confirming the block model's projections. The Hat deposit hosts several critical minerals as defined in the Canadian Critical Minerals Strategy, including copper, cobalt and, potentially, scandium, and possibly others.

Farshad Shirvani, president & CEO of Doubleview, commented, "Year by year, the size of the Hat deposit has been increased by very targeted drilling, bringing it to a footprint of about 1.5km x 1.38km. Our technical and management team has excelled in this endeavor. Furthermore, we've discovered numerous additional elements within the Hat deposit that may become significant and enhance the resource: the Hat deposit may be unique among British Columbia's many. Recent moves by the governments of Canada and British Columbia in recognize the importance of critical minerals and announce targeted infrastructure investments in support of our industry and the many communities and businesses that directly benefit."

Selected Drill Results Prior to 2024 Exploration:

Every year Doubleview releases details of the year's drilling and activities. The Company website maintains all relevant information. Visual estimates indicate that 2024 drilling has exceeded expectations and will further validate the resource model and increase the dimensions of the mineral resource envelope.

Table 1 provides previously announced key intersections, including copper equivalents and selected significant intercepts. These results, combined with the ongoing drilling program, are expected to further validate the Hat deposit's resource model and increase the dimensions of the Hat mineral resource envelope.

Table 1: Selected drill results based on current commodity values applied in the resource estimate for the Hat deposit. For further details, refer to the full disclosure available on SEDAR+.

DDHFrom (m)To (m)Length (m)Ag (g/t)Au (g/t)Co (g/t)Cu (%)Sc (g/t)CuEq (%)
not incl Sc*
H0098.270.462.22.670.66106.50.2927.10.85
incl.8.217.49.117.253.93478.21.8710.35.12
H01115.0407.1392.10.700.2091.90.2427.50.43
incl.200.2407.1206.90.610.2691.80.2827.10.52
incl.263.1407.1144.10.670.2391.40.3227.40.54
H012192.0434.0242.00.270.2483.30.2024.60.42
incl.272.0434.0162.00.260.2976.40.2426.20.49
incl.272.0315.043.00.350.67117.20.4128.40.96
incl.340.0356.016.01.250.5187.50.4820.60.91
H017221.0442.4221.40.440.2492.40.2825.90.50
incl.224.4348.0123.60.380.3092.10.2925.90.56
H018170.7314.0143.30.530.2781.90.2331.00.48
incl.179.8314.0134.20.560.2884.40.2431.00.49
H02214.4463.8449.40.350.2486.00.2330.30.45
incl.43.4447.6404.20.370.2590.50.2530.60.49
incl.116.4419.0302.60.370.28101.00.3031.10.55
incl.197.9235.437.50.200.5756.80.2227.60.67
incl.289.3463.8174.50.550.31103.70.4130.10.69
incl.294.2395.1100.90.740.42146.00.5632.80.95
incl.302.9421.3118.40.770.41132.30.5531.00.93
incl.302.9365.362.30.880.57188.80.6933.21.21
incl.304.9415.0110.20.790.42137.70.5731.50.95
incl.304.9367.062.10.880.56187.00.6933.31.20
H02356.7470.0413.30.510.2289.10.2529.10.46
incl.67.9400.3332.40.550.2597.40.2930.50.53
incl.67.9346.2278.30.640.28107.30.3230.60.58
incl.186.3226.740.40.440.61131.10.3525.10.86
incl.270.6381.6110.90.330.3695.60.4732.50.78
H026189.8310.5120.70.180.2286.50.2532.50.46
H0277.6369.1361.50.320.2171.50.2127.50.41
incl.7.633.626.01.800.5897.50.3726.60.86
incl.162.4369.1206.70.200.2867.40.2829.70.52
incl.203.0272.769.70.370.5192.30.5329.30.96
incl.214.0266.852.80.390.5788.20.5929.01.05
H028320.6427.4106.90.660.2060.20.2131.60.40
H031221.5522.1300.60.330.1981.40.2930.30.47
incl.237.9527.0289.20.330.1978.50.2930.50.47
incl.399.3522.1122.80.560.2184.80.4135.30.61
H0349.0701.3692.30.430.1777.10.2526.10.42
incl.49.0599.3550.30.490.2088.90.2926.30.49
incl.133.7599.3465.60.490.2292.30.3325.90.55
incl.210.8660.9450.10.510.2383.30.3526.10.57
incl.326.4561.4235.00.760.34105.50.5123.80.82
incl.337.7684.9347.20.600.2681.90.3925.20.63
incl.402.3684.9282.60.700.2885.90.4426.50.70
incl.442.0540.298.21.510.63159.10.9326.11.48
H035164.8387.0222.20.570.1968.60.2725.30.45
incl.260.0377.0117.00.830.2282.10.4526.40.66
H036295.3602.0306.70.470.2047.20.2824.30.45
incl.302.0414.0112.00.610.2254.30.3425.40.54
H05224.4531.0506.60.290.18116.40.2031.70.39
incl.183.0523.8340.80.360.24132.40.2731.60.52
incl.201.0523.8322.80.370.25136.70.2831.90.54
incl.252.0526.3274.30.380.30146.30.3231.90.62
incl.252.0463.2211.20.450.35165.30.3730.40.71
incl.351.0463.2112.20.330.54177.40.4631.50.95
H054180.0600.7420.70.390.1987.20.2029.50.38
incl.186.0469.2283.20.490.24102.20.2326.80.46
incl.304.7469.2164.50.610.38136.90.3227.50.68
incl.325.9469.2143.30.640.43134.60.3627.30.75
H058519.3645.0125.80.780.2282.70.4933.00.70
incl.535.4645.0109.60.860.2487.80.5432.10.77
H06256.4103.046.61.080.2276.20.2139.90.42
incl.63.064.01.027.804.01284.04.4216.27.71
H063272.4339.066.60.250.89126.40.1320.00.85
incl.277.4336.058.60.281.00135.60.1419.50.95
incl.279.0330.051.00.311.12146.20.1618.41.05
incl.302.0303.01.01.3718.402330.01.874.816.57
incl.319.5330.010.50.972.25266.00.4422.82.23
incl.319.5320.51.03.4913.401975.01.955.112.81
H06766.0430.4364.40.320.33128.50.2131.30.52
incl.66.0381.0315.00.360.38140.70.2430.00.59
incl.78.4542.5464.20.290.28112.00.1931.60.45
incl.93.7304.0210.40.480.47170.00.3230.30.76
incl.110.0339.0229.00.450.48176.50.3129.60.76
incl.196.0309.3113.30.540.75235.30.5226.71.20
incl.267.0315.048.00.761.60337.51.0323.52.38
incl.278.0309.331.31.152.44484.41.5720.33.62
incl.279.0304.025.01.413.03571.31.9519.64.47
incl.298.0302.04.03.618.29714.16.9416.013.42
H069232.0367.0135.00.670.1866.40.3019.90.47
incl.252.0367.0115.00.760.2070.80.3319.30.51
H07063.0189.0126.00.500.3295.50.2123.90.49
incl.107.0154.047.00.680.67104.90.3123.10.86
incl.107.0134.027.00.961.04141.20.4421.71.29
incl.128.0134.06.02.462.53424.51.0220.03.11

 

Notes:

- Metal equivalents should not be relied upon for future evaluations.
- Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to determine true widths.
- Parameters used to calculate Copper Equivalent:
Au price (US$/oz): 1900; Ag price (US$/oz): 24; Cu price (US$/lb): 4; Co price (US$/lb): 22.
Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%.

* Copper Equivalent Calculation
CuEq in % = ([Ag grade in ppm] *24*0.68/31.1035 + [Au grade in ppm] *1900*.89/31.1035 + 0.0001* [Co grade in ppm] *22*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4*0.84*22.0462)/(4*22.0462*0.84). Scandium is not part of the copper equivalent calculation.

Core Samples

Drill cores are processed at the Hat camp by an initial of examination by a senior geologist followed by detailed measurement and half-core sampling. One core half is retained at site for possible future re-examination and/or re-sampling for confirmation purposes, the other half is given a unique identification number, bagged and securely forwarded to an independent ISO-certified analytical laboratory for assaying. All standard QA/QC protocols are observed. Significant drill hole data and assay results will be released when received from the laboratory.

Doubleview maintains a website at www.doubleview.ca. where previous assay results can be viewed.

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

A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange [TSX-V: DBG], [OTCQB: DBLVF], [GER: A1W038], and [Frankfurt: 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, 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
Vancouver, BC Farshad Shirvani
President & CEO

Institutional Investor Line: (604) 607-5470

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 Mineral Resource Estimate 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/225206

FAQ

What is the current status of Doubleview Gold Corp's (DBLVF) 2024 drilling program at the Hat deposit?

Doubleview Gold Corp's 2024 drilling program at the Hat polymetallic mineral deposit has surpassed 7,500 meters and is ongoing. The company anticipates receiving the first assay results soon.

What critical minerals are found in Doubleview's (DBLVF) Hat deposit?

The Hat deposit contains critical minerals as defined in the Canadian Critical Minerals Strategy, including copper, cobalt, and potentially scandium.

What is the current size of the Hat deposit explored by Doubleview (DBLVF)?

The current footprint of the Hat deposit is approximately 1.5km x 1.38km, according to the press release.

When does Doubleview Gold Corp (DBLVF) expect to receive the first assay results from the 2024 drilling at Hat?

The company anticipates receiving the first assay results of the 2024 drilling season in the very near future, as stated in the press release.

What are the objectives of Doubleview's (DBLVF) 2024 drilling program at the Hat deposit?

The 2024 drilling program aims to expand the mineral resource, infill areas with drill data, and extend the lateral and depth boundaries of the existing resource envelope.

DOUBLEVIEW GOLD CORP

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