Doubleview completes drill season at Hat project

Nov 28, 2024

2024-11-26 19:12 ET – News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW GOLD CORP IS CONCLUDING THE SUCCESSFUL DRILL SEASON OF 2024

Doubleview Gold Corp. has completed another successful drill season at its 100-per-cent-owned polymetallic Hat porphyry project, located in northwestern British Columbia. As previously announced, on Oct. 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. A total of 5,627 drill core samples weighing over 23 tonnes were shipped to an accredited analytical laboratory. Doubleview’s QA/QC (quality assurance/quality control) sampling and assaying protocols are shown below. Highlights of the initial assay results from drill holes H072, H073 and H074 from the Oct. 16, 2024, news release are:

Drill hole H072:

686.0 m of 0.23 per cent Cu (copper), 0.16 g/t (gram per tonne) Au (gold), 64 g/t Co (cobalt), 0.33 g/t Ag (silver) and 25.7 g/t Sc (scandium) (0.38 per cent CuEq (copper equivalent));
Including 154.0 m of 0.66 per cent Cu, 0.46 g/t Au, 112 g/t Co, 0.96 g/t Ag and 24 g/t Sc (1.07 per cent CuEq);
Including 62.0 m of 1.12 per cent Cu, 0.79 g/t Au, 173 g/t Co, 1.62 g/t Ag and 23.9 g/t Sc (1.81 per cent CuEq);
Including 2.0 m of 5 per cent Cu, 2.96 g/t Au, 511 g/t Co, 5.03 g/t Ag and seven g/t Sc (7.48 per cent CuEq).

Drill hole H073:

109 m of 0.29 per cent Cu, 0.21 g/t Au, 83 g/t Co, 0.47 g/t Ag and six g/t Sc (0.5 per cent CuEq).

Drill hole H074:

128 m of 0.18 per centCu, 0.14 g/t Au, 82 g/t Co, 0.29 g/t Ag and 29 g/t Sc (0.33 per cent CuEq).

As predicted in Doubleview’s MRE block model, drilling successfully encountered mineralization in previously undrilled 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 125 m to the north of the drill site. Doubleview also stepped out 300 m 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 and chief executive officer 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.”

The Hat deposit now extends over an area of about 1.6 by 1.7 kilometres, no boundaries of mineralization have been encountered.

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 the company’s 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 analyzed at the North Vancouver facility of ALS Canada Ltd. using its PREP-31, PGM-ICP24, ME-MS61 and ME-ICP06 packages. Each core sample is dried, then crushed to 70 per cent passing a two-millimetre screen. All material is processed in an automatic riffle splitter to yield a 250 g homogenized, representative sample. This subsample is then pulverized to 85 per cent passing a 75-micrometre screen. All samples are analyzed for Au, Pt, Pd by 50 g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25 g pulp split is analyzed by four-acid digestion/ICP-MS finish, reporting 48 elements. Overlimit 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 the company’s 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.

Qualified person

Erik Ostensoe, PGeo, 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.

Doubleview Gold is a mineral resource exploration and development company headquartered in Vancouver, B.C., Canada. Doubleview focuses on identifying, acquiring and financing precious metal 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 continuing 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-per-cent CuEq cut-off resource estimate, as of the recently completed mineral resource estimate and the company’s July 25, 2024, news release, is summarized in the attached table.

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

We seek Safe Harbor.

https://www.doubleview.ca/