Doubleview Gold Corp Increases the Dimensions of the Hat Polymetallic Deposit with High-Grade and Extensive Mineralization in Drill Holes H075 to H077
MWN-AI** Summary
Doubleview Gold Corp. (TSXV: DBG) has announced successful results from its 2024 drilling campaign at the Polymetallic Hat Porphyry Project located in northwestern British Columbia. The company reported significant mineralization in drill holes H075, H076, and H077, which could potentially enhance both the size and grade of the Hat Project's resource. The drilling program aimed to validate the integrity of resource estimates and explore high-grade zones.
Drill hole H075 revealed notable intercepts, including a 66.1-meter interval with 1.00% copper equivalent (CuEq), demonstrating the deposit's robust mineralization. H076 also showed strong gold and silver values, particularly highlighting high gold grades over extensive lengths. Meanwhile, H077 confirmed the presence of substantial copper-silver-cobalt mineralization across an impressive 408 meters, including 904 g/t cobalt over four meters—a unique characteristic of the Hat Deposit.
The findings suggest the deposit has greater consistency than typical porphyry-style projects, underscoring the project's potential. The results, which are crucial for refining the resource model, promise to enhance the upcoming Mineral Resource Estimate (MRE) 2.0, expected to contribute positively to a Preliminary Economic Assessment (PEA).
Doubleview's president, Farshad Shirvani, expressed optimism regarding the drilling outcomes, emphasizing their potential to elevate the project into higher resource categories while enriching the understanding of the mineralization patterns. As a critical minerals project, the Hat Deposit is poised to significantly impact the regional mining landscape, with ongoing exploration efforts aimed at refining and expanding its asset base.
Overall, Doubleview Gold Corp. positions itself strategically within the critical minerals sector, leveraging extensive drilling campaigns and robust exploration methodologies to maximize shareholder value.
MWN-AI** Analysis
Doubleview Gold Corp. (TSXV: DBG), through its recent announcement regarding drill results from the Hat Polymetallic Deposit, presents a compelling investment opportunity in the mining sector. The high-grade mineralization identified in drill holes H075, H076, and H077 reinforces the deposit's potential, with notable intercepts, including strong copper, gold, silver, and cobalt values. Given these findings, potential increases in resource estimates could significantly enhance the project’s valuation and attractiveness.
The drill results underscore the deposit's consistency and extensiveness, which could translate into increased investor confidence and demand for stock. The strategic focus on confirming and improving resource categories indicates a well-planned exploration strategy that bodes well for potential future resource updates. With the increasing global focus on critical minerals, especially in light of technological advancements and the green energy transition, companies like Doubleview that possess diversified mineral assets stand to benefit significantly.
Investors should consider the implications of the upcoming Mineral Resource Estimate (MRE) 2.0 and Preliminary Economic Assessment (PEA) as these will provide further clarity on the economic viability of the Hat Deposit. Historical price performance of copper, cobalt, and gold, along with increasing global demand, positions Doubleview favorably within the sector.
Risk, however, remains a factor. Potential investors should assess market volatility, operational risks in exploration, and the regulatory environment. Nevertheless, with the promising findings from the drill campaign and the strong backing from institutional investors, Doubleview Gold Corp. is well-positioned for growth. As such, it may be prudent to consider investment in the company, with a monitoring strategy in place to gauge progress and market conditions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce further drill hole results from the 2024 drill campaign at its 100% owned Polymetallic Hat Porphyry Project, located in northwestern British Columbia. Long copper-gold-silver-cobalt intercepts in Drill holes H075, H076 and H077 expand the mineralization and potentially will increase the Hat Project's resource in size and grade.
2024 Exploration:
The 2024 drilling program was designed to confirm the integrity of the resource estimate categories, particularly the indicated resource figures and potentially to allow elevating part or all to a measured resource. Holes were directed to intersect shallow mineralization and to further explore high grade zones. Drilling has confirmed the continuity of mineralization indicating that the deposit exhibits greater consistency than typically expected of a porphyry-style deposit.
Important Drill hole Intercepts:
| DDH | From (m) | To (m) | Length (m) | CuEq3 (%) excluding Sc2O3 | Au (g/t) | Cu (%) | Ag (g/t) | Co (g/t) | Sc (g/t) | |
| H075 | 90.0 | 525.0 | 435.0 | 0.35 | 0.15 | 0.21 | 0.40 | 64.8 | 27.2 | |
| Including | 90.0 | 406.7 | 316.7 | 0.42 | 0.17 | 0.25 | 0.48 | 74.2 | 26.7 | |
| Including | 148.0 | 389.0 | 241.0 | 0.50 | 0.21 | 0.30 | 0.54 | 74.4 | 26.0 | |
| Including | 196.7 | 253.3 | 56.6 | 1.00 | 0.44 | 0.62 | 1.18 | 95.7 | 23.8 | |
| Including | 218.5 | 240.0 | 21.5 | 2.06 | 0.79 | 1.41 | 2.62 | 110.2 | 23.5 | |
| H076 | 12.0 | 84.0 | 72.0 | 0.44 | 0.49 | 0.05 | 0.57 | 47.6 | 29.7 | |
| Including | 21.0 | 63.0 | 42.0 | 0.70 | 0.82 | 0.07 | 0.86 | 47.0 | 31.0 | |
| Including | 28.8 | 57.0 | 28.2 | 1.01 | 1.20 | 0.09 | 1.17 | 45.6 | 28.4 | |
| And | 247.8 | 367.0 | 119.2 | 0.40 | 0.20 | 0.22 | 0.17 | 64.2 | 29.1 | |
| H077 | 89.0 | 497.0 | 408.0 | 0.32 | 0.13 | 0.16 | 0.36 | 103.4 | 28.0 | |
| Including | 116.0 | 148.0 | 32.0 | 0.49 | 0.17 | 0.24 | 0.72 | 225.7 | 23.5 | |
| Including | 249.0 | 369.0 | 120.0 | 0.40 | 0.20 | 0.20 | 0.18 | 98.1 | 28.6 | |
| Including | 352.0 | 356.0 | 4.0 | 0.87 | 0.21 | 0.25 | 0.33 | 904 | 27.2 |
Detailed High-Grade Results:
a) DDH H075:
The high-grade intercepts are tabulated below:
| DDH | From (m) | To (m) | Length (m) | CuEq3 (%) excluding Sc2O3 | Au (g/t) | Cu (%) | Ag (g/t) | Co (g/t) | Sc (g/t) | |
| H075 | 196.7 | 253.3 | 56.6 | 1.00 | 0.44 | 0.62 | 1.18 | 95.7 | 23.8 | |
| Including | 206.0 | 240.0 | 34.0 | 1.53 | 0.67 | 0.97 | 1.80 | 101.0 | 23.7 | |
| Including | 218.5 | 240.0 | 21.5 | 2.06 | 0.79 | 1.41 | 2.62 | 110.2 | 23.5 | |
| Including | 227.0 | 236.0 | 9.0 | 4.55 | 1.73 | 3.18 | 5.76 | 129.4 | 25.6 | |
| H075 | And | 329.0 | 351.0 | 22.0 | 0.99 | 0.39 | 0.67 | 0.94 | 68.4 | 19.5 |
Additionally, drill hole H075 has significant mineralization from 45 metres depth to 341 metres, with 0.40% CuEq. (including 0.23% Cu and 0.16 g/t Au).
b) DDH H076:
Drill hole H076 was mineralized from near surface with stronger gold and silver values. As illustrated in the following table, gold values over long intervals are among the highest recorded on the property.
| DDH | From (m) | To (m) | Length (m) | CuEq3 (%) excluding Sc2O3 | Au (g/t) | Cu (%) | Ag (g/t) | Co (g/t) | Sc (g/t) | |
| H076 | 12.0 | 84.0 | 72.0 | 0.44 | 0.49 | 0.05 | 0.57 | 47.6 | 29.7 | |
| Including | 21.0 | 63.0 | 42.0 | 0.70 | 0.82 | 0.07 | 0.86 | 47.0 | 31.0 | |
| Including | 28.8 | 57.0 | 28.2 | 1.01 | 1.20 | 0.09 | 1.17 | 45.6 | 28.4 | |
| Including | 36.0 | 46.0 | 10.0 | 2.71 | 3.35 | 0.20 | 2.75 | 71.7 | 29.8 |
c) DDH H077:
Drill hole H077 intercepted strong copper-silver-cobalt mineralization over more than 408 metres length. The 904 g/t cobalt over 4 meters from 352 meters depth demonstrates the wide array of elements which make the Hat Polymetallic Deposit unique.
| DDH | From (m) | To (m) | Length (m) | CuEq3 (%) excluding Sc2O3 | Au (g/t) | Cu (%) | Ag (g/t) | Co (g/t) | Sc (g/t) | |
| H077 | 89.0 | 497.0 | 408.0 | 0.32 | 0.13 | 0.16 | 0.36 | 103.4 | 28.0 | |
| H077 | Including | 352.0 | 356.0 | 4.0 | 0.87 | 0.21 | 0.25 | 0.33 | 904 | 27.2 |
Notes:
- Copper Equivalent (CuEq) currently does not include the Scandium
- 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).
Mr. Farshad Shirvani, president & CEO of Doubleview, states: "The 2024 drill campaign was successful in testing, confirming and improving our resource model. We are encouraged to see the occurrence of mineralization closer to the surface as well as strong mineralization drill holes which proves continuity and allows for more detailed structural interpretations. This will strongly reflect in the upcoming MRE.V 2.0 that will be part of Preliminary Economic Assessment (PEA) and add value to the Polymetallic Hat Deposit by increasing the metal content. We are continuously working on our exploration model as data becomes available to recognize details of the deposit and its critical and precious metals."
The following section illustrates drill holes H075 to H077 intersecting the Hat polymetallic deposit along the strike of major high-grade mineralization. (Section looking North East)
Cross Section Based on the Resource Block Model
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/239700_d0b4e4fc24f26863_001full.jpg
Location and direction of reported drill hole table:
| DDH ID | UTM-East (m) | UTM-North (m) | Elevation (m) | Max-Depth (m) | Azimuth (°) | Dip (°) |
| H075 | 347,865 | 6,453,951 | 956.5 | 537 | 0 | 89 |
| H076 | 347,865 | 6,453,951 | 956.5 | 660 | 262 | 70 |
| H077 | 347,865 | 6,453,951 | 956.5 | 531 | 300 | 75 |
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 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 |
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/239700
FAQ**
What are the key implications of the latest drill hole results from Doubleview Gold Corp. (DBG:CC) at the Hat Polymetallic Project for the company's future resource estimates and overall valuation in the competitive mining landscape of British Columbia?
How does the successful confirmation of mineralization at the Hat Project enhance investor confidence in Doubleview Gold Corp. (DBG:CC) amidst the increasing demand for critical minerals like copper, gold, and cobalt in global markets?
Given the positive exploration outcomes reported by Doubleview Gold Corp. (DBG:CC), what potential financial impacts could arise from the upcoming Mineral Resource Estimate V 2.0 and Preliminary Economic Assessment (PEA) based on the expanded mineralization at the project?
In light of the exploration success at the Hat Polymetallic Deposit, how might Doubleview Gold Corp. (DBG:CC) position itself strategically in the British Columbia mining sector to attract additional investments and partnerships moving forward?
**MWN-AI FAQ is based on asking OpenAI questions about Doubleview Gold Corp (OTC: DBLVF).
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