Doubleview Gold drills 154 m of 1.07% CuEq at Hat

Oct 17, 2024

2024-10-16 20:20 ET – News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW ANNOUNCES FIRST DRILL RESULTS OF THIS SEASON

Doubleview Gold Corp. has released the first set of drill hole assay results from its 2024 drilling campaign at its 100-per-cent-owned Hat polymetallic porphyry in northwestern British Columbia.

Highlights and significant downhole intervals include the following:

Drill hole H072:
- 686.0 metres (m) of 0.23 per cent copper (Cu), 0.16 gram per tonne (g/t) gold (Au), 64 g/t cobalt (Co), 0.33 g/t silver (Ag) and 25.7 g/t scandium (Sc) (0.38 per cent copper equivalent (CuEq));
- 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 7 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 29.6 g/t Sc (0.5 per cent CuEq);
Drill hole H074:
- 128 m of 0.18 per cent Cu, 0.14 g/t Au, 82 g/t Co, 0.29 g/t Ag and 29 g/t Sc (0.33 per cent CuEq).

Note that CuEq currently does not include the scandium.

The recent drill holes were strategically directed toward untested central areas of the Lisle zone, which are integral to the block model developed by the company’s consulting team for the mineral resource estimate (MRE). All three drill holes are situated within the mineral resource pit, as detailed in Doubleview’s news release dated July 25, 2024. These drill results not only validate the existing block model but also provide additional data that enhance the company’s confidence in its accuracy. In preparation for the upcoming enhanced resource estimate for the Hat deposit, the company’s primary objective of demonstrating continuity, increasing the density of data and further improving the quality of the geological models has been successfully achieved.

Farshad Shirvani, president and chief executive officer, comments: “The objectives of the 2024 drilling program are to enhance the data intensity where it is warranted, identify additional near-surface copper and gold mineralization, and increase the tonnage and volume of the Hat deposit. These drill holes provide important geological information and data that bridge the area between drill holes H034, and H031, H012 and H071, while verifying the block model. We are pleased to see the years of work on the Hat project come to fruition, particularly to see the continuation of long intervals of strong copper mineralization.”

Quality assurance and quality control

Core samples were prepared 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-gram homogenized, representative sample. This subsample is then pulverized to 85 per cent passing a 75-micron screen. All samples are analyzed for Au, platinum (Pt) and palladium (Pd) by 50-gram fire assay fusion/ICP-ES (inductively coupled plasma emission spectroscopy) finish, using PGM-ICP24 package. A separate 0.25-gram pulp split is analyzed by four-acid digestion/ICP-MS (inductively coupled plasma mass spectrometry) 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.

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 is a mineral resource exploration and development company headquartered in Vancouver, B.C., Canada. It is publicly traded. 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 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 and cobalt, and the potential for scandium. As one of the significant sources of critical minerals in the region, 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 an attached table.

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

For further details, please refer to the company’s July 25, 2024, news release.

We seek Safe Harbor.

https://www.doubleview.ca/