Doubleview Gold Corp Announces Increased Footprint and Potential Volume at Its Hat Polymetallic Deposit in Northwestern British Columbia

Rhea-AI Summary

Doubleview Gold Corp (OTCQB:DBLVF) has announced significant expansion of its Hat Polymetallic Deposit in British Columbia through recent drilling results. The company reported substantial intercepts from drill holes H093-H096, notably including H093 with 640.7m at 0.34% CuEq and H096 with 681.4m at 0.37% CuEq.

The drilling program has expanded the deposit's footprint by approximately 400m X 330m, extending beyond the 2024 conceptual pit wall. Key high-grade sections include intervals of up to 9.88% CuEq over 9.0m. The results will be incorporated into the upcoming Preliminary Economic Assessment and revised Mineral Resource Estimate.

The deposit contains significant scandium content, which hasn't been included in the current copper equivalent calculations but could potentially add substantial value to the project.

Positive

• Significant expansion of deposit footprint by 400m X 330m beyond conceptual pit wall
• Exceptional drill results with high-grade intercepts up to 9.88% CuEq
• Potential additional value from scandium content not yet included in calculations
• Results to be incorporated into upcoming PEA and revised resource estimate

Negative

• True width of mineralized sections not yet determined
• Drill hole H095 encountered unmineralized fault zone
• Current metal equivalent calculations use 3-year trailing prices, not reflecting recent price increases

Highlights:

• This news release presents results from recent drilling in the southeast section of the Hat Project's Lisle Zone. Drill holes H093, H094, H095, and H096 have significantly expanded the apparent volume of the mineralized zone, extending beyond the conceptual pit wall outlined in the 2024 Preliminary Mineral Resource Estimate. These results will be incorporated into the Preliminary Economic Assessment, which is nearing completion.

• A few of the outstanding intercepts:

  • DH H093: 640.7m (2102.1 feet) from depth 16.3m to 657.0m with 0.34% CuEq including 133m with 1.03% CuEq (0.65% Cu and 0.4g/t Au)

  • DH H094: 510.0m (1673.3 feet) from 30m to 540.0m with 0.22% CuEq (0.11% Cu and 0.10g/t Au)

  • DH H095: 110m from 430.0 to 540.0 with 0.91% CuEq (0.50% Cu and 0.12g/t Au)

  • DH H096: 681.4m (2235.7 feet) from depth 38.6 m to 720.0m with 0.37% CuEq, including 71.0m with 1.01% CuEq (0.54% Cu and 0.51g/t Au)

  • The apparent footprint is increased by approximately 400m X 330m.

• Additional assay data are forthcoming. Drilling is continuing.

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) is pleased to announce assay results from recent drill holes H093, H094, H095 and H096 from its Hat Project strategic and critical metals property in NW British Columbia. Assay highlights from drill holes H090, H091 and H092 were included in a recent news release, dated September 11, 2025, that presented highly significant intercepts.

Summarized composite assays from drill holes H093, H094, H095 and H096 are presented. Scandium values are not included in estimates presented in this and earlier news releases. Doubleview believes that scandium, a critical metal with many applications in electronic and as any alloy, has the potential to add significant value to the Hat deposit.

Table 1: Summary of Significant % CuEq Drill Core Intercepts

DDH		From (m)	To (m)	Length (m)	CuEq (%) Excl. Sc2O3	Ag (g/t)	Au (g/t)	Co (g/t)	Cu (%)	Sc (g/t)
H093		16.3	657.0	640.7	0.34	0.31	0.15	59	0.19	25.9
H093	Including	16.3	645.0	628.7	0.35	0.31	0.15	59	0.20	25.7
H093	Including	30.0	69.0	39.0	0.52	0.63	0.39	100	0.14	24.6
H093	Including	45.0	60.0	15.0	1.03	1.18	0.79	196	0.26	22.6
H093	Including	501.0	634.0	133.0	1.03	0.83	0.40	63	0.65	28.7
H093	Including	537.0	634.0	97.0	1.35	1.12	0.52	75	0.86	30.9
H093	Including	564.0	627.0	63.0	1.88	1.58	0.72	90	1.20	29.1
H093	Including	604.0	625.0	21.0	4.78	4.19	1.76	187	3.14	21.5
H093	Including	614.0	623.0	9.0	9.88	9.01	3.46	358	6.66	12.6
H094		30.0	540.0	510.0	0.22	0.15	0.10	59	0.11	25.9
H094	Including	42.0	164.0	122.0	0.26	0.24	0.17	66	0.09	26.5
H094	And	138.4	246.0	107.6	0.30	0.17	0.16	87	0.12	27.8
H094	Including	234.0	246.0	12.0	0.91	0.39	0.40	183	0.50	31.2
H094	And	430.0	540.0	110.0	0.31	0.16	0.12	55	0.19	23.3
H095		9.0	224.0	215.0	0.19	0.18	0.11	63	0.07	22.6
H095	Including	102.0	303.0	201.0	0.17	0.14	0.10	76	0.06	24.2
H096		38.6	720.0	681.4	0.37	0.22	0.18	63	0.19	28.0
H096	Including	102.0	720.0	618.0	0.40	0.23	0.20	64	0.20	28.4
H096	Including	349.0	738.0	389.0	0.50	0.3	0.23	57	0.28	29.3
H096	Including	484.0	720.0	236.0	0.67	0.4	0.32	56	0.38	29.9
H096	Including	556.0	679.0	123.0	0.83	0.49	0.40	49	0.46	27.6
H096	Including	612.0	683.0	71.0	1.01	0.61	0.51	51	0.54	27.4
H096	Including	641.0	679.0	38.0	1.44	0.85	0.76	57	0.75	25.3

 
Notes:

1 - Copper Equivalent (CuEq) currently does not include Scandium

2 - The intervals presented in this table are not true widths. The true width of mineralized sections has not been determined.

3 - 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 represent true widths of mineralization. It is not possible to determine true widths.

4 - Parameters used to calculate Copper Equivalent: Au price (US$/oz): 2365.09; Ag price (US$/oz): 27.43; Cu price (US$/lb): 4.17; Co price (US$/lb): 14.76. 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] *27.43*0.68/31.1035 + [Au grade in ppm] *2365.09*.89/31.1035 + 0.0001* [Co grade in ppm] *14.76*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4.17*0.84*22.0462)/(4.17*22.0462*0.84).

Details of the algorithm used to estimate %CuEq are presented in the notes above. The metal values used in our current algorithm are average trailing three years commodity prices, and do not reflect recent dramatic increases in prices of mineral commodities. Scandium, a potentially recoverable high value strategic alloy metal (customarily quoted as Sc₂O₃ ) that is present in small but possibly highly important amounts in Hat mineralization, is not assigned any value pending metallurgical investigations and recoverable results.

Core samples are delivered securely to a fully accredited commercial laboratory and processed by industry-standard methods. Assays are received at irregular intervals, verified by reference to notes provided by our field crew, added to our database, and disseminated publicly by News Release.

Drill holes H093, H094, H095 and H096, as shown in Figure 1, are located in proximity to hole H092 and further explore the area of high metal values (i.e. H092: 411.5m with 0.62% CuEq) in an easterly extension of the main Lisle Zone. The combination of drill hole data from H090 to H096 added an approximate domain of 330 m x 400 m to the Lisle deposit that has not been delimited in any direction. Numerous intervals from those holes are included in Table 1 of this News Release.

Figure 1: Drill Plan with the Induced Polarization Plan and 2024 Conceptual Pit Outline

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/268680_9bde46e9f41ae882_001full.jpg

Figure 2: Section on H093 and H096 and 2024 Conceptual Pit Outline

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/268680_9bde46e9f41ae882_002full.jpg

A composite of Hole H093 assays from16.3m to 693m comprises 676.7m (2220 feet) with 0.33% CuEq. Within that long mineralized section there are several higher-grade intervals, including 63.0m (206.7 ft) with 1.88 %CuEq and 21.0m (68.9 ft) with 4.78 %CuEq and 9.0m (29.5 ft) with 9.88% CuEq.

A composite of drill hole H094 assays included 107.6m (353 ft) with 0.30% CuEq, in an almost throughout mineralized hole from 30 m (98 ft) to 540 m (1772 ft ) with 0.22% CuEq.

Drill hole H095 is believed to have followed in an unmineralized fault that does not represent the limit of mineralization; the drill hole did not leave the fault.

Mr. Farshad Shirvani, President and CEO, comments that: We believe that the previously disclosed assays, combined with assays presented in this News Release and, speculatively, additional data from core samples that are being processed in the laboratory, will further reinforce our conceptual mineral deposit model, promote resources from Indicated and Inferred categories to higher confidence levels, including Measured, and require re-design of the current open pit layout. The new drill holes will be added in a revised MRE (Maiden Resource Estimate 2025) and the PEA (Preliminary Economic Assessment) that is on-going. Drill holes H093, H094 and H095 have contributed greatly to achieving new dimensions in the eastern part of the Hat deposit. This exciting new area necessitates a vigorous follow up that is currently on our agenda. Both the "footprint" and value of our project have been greatly increased, not only by the expansion but also by the recent dramatic increase in metal, mineral and commodity prices."

Initial scoping of the implications of this new assay information allowed our field crew to revise and re-direct our efforts to concentrate on better defining the deposit. We hope to release further drill hole assay data soon."

Table 2 summarizes coordinates of the recent drill holes.

Table 2. Details of Location and direction of drill holes:

DDH ID	UTM-East (m)	UTM-North (m)	Elevation (m)	Azimuth (°)	Dip (°)	Max-Depth (m)	Year
H093	347963	6453927	966	-72.19	127	693	2025
H094	347963	6453927	966	-74.89	77	597	2025
H095	347963	6453927	966	-57.33	137	762	2025
H096	347963	6453927	966	-65.00	132	922.5	2025

 

Quality Assurance and Quality Control:

Hat Project drill cores are processed at Doubleview's field 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.

All core samples are prepared and analyzed at AGAT Laboratories in Calgary, an independent ISO 17025 and ISO 9001 certified facility. Samples are dried, crushed to 70% passing 2 mm, split to obtain a 250 g representative portion, and pulverized to 85% passing 75 µm. Gold, platinum, and palladium are assayed by 30-50 g fire assay with ICP-OES finish. Multi-element analyses (up to 48 elements) are performed by four-acid digestion with ICP-OES/MS, with ore-grade assays applied where required. Selected samples are further analyzed for whole-rock oxides using lithium borate fusion with ICP-OES, and Loss on Ignition is determined separately. Routine quality assurance protocols include insertion of blanks, duplicates, and certified reference materials, ensuring accuracy and reliability of results.

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

Doubleview Gold Corp. is mineral resource exploration and development company 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/268680

FAQ

What are the key drilling results from DBLVF's Hat Project in October 2025?

The key results include H093 with 640.7m at 0.34% CuEq and H096 with 681.4m at 0.37% CuEq, with high-grade sections including 9.0m at 9.88% CuEq.

How much has Doubleview Gold expanded the Hat deposit's footprint in 2025?

The drilling program has expanded the deposit's footprint by approximately 400m X 330m, extending beyond the 2024 conceptual pit wall.

What is the significance of scandium in DBLVF's Hat Project?

Scandium, while not included in current copper equivalent calculations, is considered a critical metal with potential to add significant value to the Hat deposit due to its applications in electronics and alloys.

What are the next steps for Doubleview Gold's Hat Project?

The company will incorporate these new drilling results into a revised Mineral Resource Estimate (MRE) for 2025 and complete the ongoing Preliminary Economic Assessment (PEA).

What metal recovery rates are being used for DBLVF's Hat Project calculations?

The project uses recovery rates of 89% for gold, 68% for silver, 84% for copper, and 78% for cobalt in their copper equivalent calculations.