Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company or "Doubleview") is pleased to announce that it has staked additional claims at its Polymetallic Hat Porphyry Project ("the Hat Project"), located in northwestern British Columbia.
The Company has staked nine additional mineral claims at the eastern side of the Hat Project, bringing the total area claimed to 18,114 hectares.
Mr. Shirvani, president & CEO of Doubleview stated, "expanding the mineral claims demonstrates the Company's unwavering commitment to advancing the Hat Project. This year's successful exploration program, which included 10,000 metres of additional drilling, highlights the Project's promising future. With significant copper, cobalt and scandium content, the Hat Project stands as a major resource of critical minerals in Canada."
The first 3 drill holes of the 2024 drill campaign were announced on October 16, 2024.
Highlights and significant downhole intervals include the following:
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 29.6 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*)
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.
The Company's is awaiting the results of the remaining 15 drill holes which will be announced when the analytical results from the laboratory are available, and the data compilation and QA/QC procedures are completed. These results are going to contribute to the updated mineral resource estimate ('MRE 2.0').
About Doubleview Gold Corp
Doubleview is a mineral resource exploration and development company that is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: A1W038), 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 Company's flagship 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, of the recently completed Mineral Resource Estimate, which was announced in the Company's July 25, 2024, news release, is summarized below:
| Average Grade | Metal Content | |||||||||||
| Open Pit Model Hat | Resource Category | Tonnage | CuEq | Cu | Co | Au | Ag | CuEq | Cu | Co | Au | Ag |
| Mt | % | % | % | g/t | g/t | million lb | million lb | million lb | thousand oz | thousand oz | ||
| In Pit | Indicated | 150 | 0.408 | 0.221 | 0.008 | 0.19 | 0.42 | 1,353 | 733 | 28 | 929 | 2,045 |
| Inferred | 477 | 0.344 | 0.185 | 0.009 | 0.15 | 0.49 | 3,619 | 1,945 | 91 | 2,328 | 7,575 | |
The 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.
Qualified Person:
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 written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.
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.
Forward-Looking Information
This news release contains "forward-looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, the Meeting, potential impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver its meeting materials to Shareholders in connection with the Meeting, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, and market or business conditions. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234080
SOURCE: Doubleview Gold Corp.
