Doubleview Gold stakes nine mineral claims at Hat
2024-12-17 14:16 ET – News Release
Mr. Farshad Shirvani reports
DOUBLEVIEW GOLD CORP ADDS TO ITS MINERAL CLAIMS AT THE HAT PROJECT
Doubleview Gold Corp. has staked additional claims at its polymetallic Hat porphyry 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.
Farshad Shirvani, president and chief executive officer 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 three drill holes of the 2024 drill campaign were announced on Oct. 16, 2024.
Highlights and significant downhole intervals include the following:
- Drill hole H072:
- 686.0 metres of 0.23 per cent copper, 0.16 gram per tonne gold, 64 grams per tonne cobalt, 0.33 gram per tonne silver and 25.7 grams per tonne scandium (0.38 per cent 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 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).
The company 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 quality assurance/quality control 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, B.C., Canada. It is publicly traded on the TSX Venture Exchange (under the symbol DBG), on the OTCQB (under the symbol DBLVF) and on the Frankfurt Stock Exchange (under the symbol 1D4) (WKN: A1W038). 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 mineral 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-per-cent-copper-equivalent-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.
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The 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 (scandium oxide).
For further details, please refer to the company’s July 25, 2024, news release.
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 written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.
We seek Safe Harbor.
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