Recent geological investigations by Doubleview Gold Corp have yielded promising results from the Hat Project located in northwestern British Columbia. The company’s latest exploration has revealed significant intervals of mineralization, notably from drill holes H090, H091, and H092, suggesting the high-grade potential of the Lisle Zone.
Drill hole H090 recorded a substantial interval of 241.8 meters (793.3 feet) with a copper equivalent (CuEq) grade of 0.15%. Within this interval, a noteworthy section of 68 meters exhibited a CuEq of 0.30%, leading to a more concentrated 16.6 meters of 0.76% CuEq. Drill hole H091 also demonstrated promising results, showing intervals with elevated CuEq levels. Specifically, the section from 153 meters to 180 meters (27 meters or 88.6 feet) exhibited a CuEq of 0.58%, with a remarkable outlier of 5.26% CuEq over a 1.2-meter span, which included 0.37% copper, 6.43 g/t gold, 7.16 g/t silver, and 230 g/t cobalt.
Meanwhile, drill hole H092 further extended the findings, revealing numerous intervals with high CuEq values, both near the surface and at depth. This suggests the potential for discovering one or more “feeder” zones within the overall mineralization structure.
The data from these drill holes affirms the high-quality mineralization present at the Lisle Zone, reinforcing the notion of proximity to a core zone of concentrated mineral resources. Additionally, the intercepts reveal a consistent presence of copper, gold, and cobalt, alongside strong indications of scandium mineralization, highlighting the Hat Deposit’s potential as a significant strategic metal resource.
Visual representations in the form of figures submitted alongside the findings illustrate the positioning of drill holes H090 and H091, as well as the easterly extension marked by drill hole H092. These plans demonstrate a conceptual open pit outline, which may undergo substantial adjustments as further data is gathered.
Farshad Shirvani, President and CEO of Doubleview Gold Corp, expressed optimistic sentiments regarding the preliminary assay data, emphasizing the discovery of high-grade mineralization and its expansive dimensions. As the company prepares for a Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA), it is eagerly awaiting additional assay data to further validate its findings.
The exploration is also timed amid fluctuating global metal prices due to various socio-economic factors, including trade uncertainties and increased demand for strategic metals. Such dynamics play a role in the mining industry’s ongoing consolidation, reflecting the critical need for established companies like Doubleview to solidify their positions within the market.
Quality assurance protocols have been established for the processing of drill core samples. After core logging, samples are sent to an independent analytical laboratory for examination, ensuring integrity and compliance with established standards.
The Hat polymetallic deposit, with significant reserves of copper, gold, cobalt, and potential for scandium, is characterized by a resource estimate completed in July 2024. The project aims to further develop and expand its environmental resources, highlighting the company’s commitment to enhancing shareholder value through innovative exploration techniques.
The Hat Project underscores Doubleview Gold Corp’s ambition within the competitive mining landscape, as it remains focused on leveraging its resources for future growth and development.
