Doubleview Gold Corp Increases the Dimensions of the Hat Polymetallic Deposit with High-Grade and Extensive Mineralization in Drill Holes H075 to H077

Rhea-AI Summary

Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) has announced significant drill results from its 2024 campaign at the Hat Polymetallic Project in British Columbia. The drilling program confirmed strong mineralization continuity and expanded the deposit's dimensions.

Key highlights include:

• Drill hole H075: 435m length with 0.35% CuEq, including high-grade sections of 21.5m at 2.06% CuEq
• Drill hole H076: 72m length with 0.44% CuEq, including sections with the highest recorded gold values on the property
• Drill hole H077: 408m length with 0.32% CuEq, featuring notable copper-silver-cobalt mineralization

The program was designed to confirm resource estimate categories and potentially upgrade parts to measured resource status. Results indicate greater deposit consistency than typical porphyry-style deposits, with mineralization occurring closer to the surface.

Positive

• Extensive mineralization lengths: H075 (435m), H076 (72m), and H077 (408m)
• High-grade intercepts including 21.5m at 2.06% CuEq in H075
• Record-high gold values in H076
• Deposit shows greater consistency than typical porphyry deposits
• Mineralization confirmed closer to surface

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - February 5, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce further drill hole results from the 2024 drill campaign at its 100% owned Polymetallic Hat Porphyry Project, located in northwestern British Columbia. Long copper-gold-silver-cobalt intercepts in Drill holes H075, H076 and H077 expand the mineralization and potentially will increase the Hat Project's resource in size and grade.

2024 Exploration:

The 2024 drilling program was designed to confirm the integrity of the resource estimate categories, particularly the indicated resource figures and potentially to allow elevating part or all to a measured resource. Holes were directed to intersect shallow mineralization and to further explore high grade zones. Drilling has confirmed the continuity of mineralization indicating that the deposit exhibits greater consistency than typically expected of a porphyry-style deposit.

Important Drill hole Intercepts:

DDH		From (m)	To (m)	Length (m)	CuEq3 (%) excluding Sc2O3	Au (g/t)	Cu (%)	Ag (g/t)	Co (g/t)	Sc (g/t)
H075		90.0	525.0	435.0	0.35	0.15	0.21	0.40	64.8	27.2
	Including	90.0	406.7	316.7	0.42	0.17	0.25	0.48	74.2	26.7
	Including	148.0	389.0	241.0	0.50	0.21	0.30	0.54	74.4	26.0
	Including	196.7	253.3	56.6	1.00	0.44	0.62	1.18	95.7	23.8
	Including	218.5	240.0	21.5	2.06	0.79	1.41	2.62	110.2	23.5
H076		12.0	84.0	72.0	0.44	0.49	0.05	0.57	47.6	29.7
	Including	21.0	63.0	42.0	0.70	0.82	0.07	0.86	47.0	31.0
	Including	28.8	57.0	28.2	1.01	1.20	0.09	1.17	45.6	28.4
	And	247.8	367.0	119.2	0.40	0.20	0.22	0.17	64.2	29.1
H077		89.0	497.0	408.0	0.32	0.13	0.16	0.36	103.4	28.0
	Including	116.0	148.0	32.0	0.49	0.17	0.24	0.72	225.7	23.5
	Including	249.0	369.0	120.0	0.40	0.20	0.20	0.18	98.1	28.6
	Including	352.0	356.0	4.0	0.87	0.21	0.25	0.33	904	27.2

 

Detailed High-Grade Results:

a) DDH H075:

The high-grade intercepts are tabulated below:

DDH		From (m)	To (m)	Length (m)	CuEq3 (%) excluding Sc2O3	Au (g/t)	Cu (%)	Ag (g/t)	Co (g/t)	Sc (g/t)
H075		196.7	253.3	56.6	1.00	0.44	0.62	1.18	95.7	23.8
	Including	206.0	240.0	34.0	1.53	0.67	0.97	1.80	101.0	23.7
	Including	218.5	240.0	21.5	2.06	0.79	1.41	2.62	110.2	23.5
	Including	227.0	236.0	9.0	4.55	1.73	3.18	5.76	129.4	25.6
H075	And	329.0	351.0	22.0	0.99	0.39	0.67	0.94	68.4	19.5

 

Additionally, drill hole H075 has significant mineralization from 45 metres depth to 341 metres, with 0.40% CuEq. (including 0.23% Cu and 0.16 g/t Au).

b) DDH H076:

Drill hole H076 was mineralized from near surface with stronger gold and silver values. As illustrated in the following table, gold values over long intervals are among the highest recorded on the property.

DDH		From (m)	To (m)	Length (m)	CuEq3 (%) excluding Sc2O3	Au (g/t)	Cu (%)	Ag (g/t)	Co (g/t)	Sc (g/t)
H076		12.0	84.0	72.0	0.44	0.49	0.05	0.57	47.6	29.7
	Including	21.0	63.0	42.0	0.70	0.82	0.07	0.86	47.0	31.0
	Including	28.8	57.0	28.2	1.01	1.20	0.09	1.17	45.6	28.4
	Including	36.0	46.0	10.0	2.71	3.35	0.20	2.75	71.7	29.8

 

c) DDH H077:

Drill hole H077 intercepted strong copper-silver-cobalt mineralization over more than 408 metres length. The 904 g/t cobalt over 4 meters from 352 meters depth demonstrates the wide array of elements which make the Hat Polymetallic Deposit unique.

DDH		From (m)	To (m)	Length (m)	CuEq3 (%) excluding Sc2O3	Au (g/t)	Cu (%)	Ag (g/t)	Co (g/t)		Sc (g/t)
H077		89.0	497.0	408.0	0.32	0.13	0.16	0.36	103.4		28.0
H077	Including	352.0	356.0	4.0	0.87	0.21	0.25	0.33	904		27.2

 

Notes:

1. Copper Equivalent (CuEq) currently does not include the Scandium
2. 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 be true widths of mineralization. It is not possible to determine true widths. -
3. Parameters used to calculate Copper Equivalent: Au price (US$/oz): 1900; Ag price (US$/oz): 24; Cu price (US$/lb): 4; Co price (US$/lb): 22. 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] *24*0.68/31.1035 + [Au grade in ppm] *1900*.89/31.1035 + 0.0001* [Co grade in ppm] *22*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4*0.84*22.0462)/(4*22.0462*0.84).

Mr. Farshad Shirvani, president & CEO of Doubleview, states: "The 2024 drill campaign was successful in testing, confirming and improving our resource model. We are encouraged to see the occurrence of mineralization closer to the surface as well as strong mineralization drill holes which proves continuity and allows for more detailed structural interpretations. This will strongly reflect in the upcoming MRE.V 2.0 that will be part of Preliminary Economic Assessment (PEA) and add value to the Polymetallic Hat Deposit by increasing the metal content. We are continuously working on our exploration model as data becomes available to recognize details of the deposit and its critical and precious metals."

The following section illustrates drill holes H075 to H077 intersecting the Hat polymetallic deposit along the strike of major high-grade mineralization. (Section looking North East)

Cross Section Based on the Resource Block Model

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/239700_d0b4e4fc24f26863_001full.jpg

Location and direction of reported drill hole table:

DDH ID	UTM-East (m)	UTM-North (m)	Elevation (m)	Max-Depth (m)	Azimuth (°)	Dip (°)
H075	347,865	6,453,951	956.5	537	0	89
H076	347,865	6,453,951	956.5	660	262	70
H077	347,865	6,453,951	956.5	531	300	75

 

Quality Assurance and Quality Control:

Hat Project drill cores are processed at Doubleview's 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.

Core samples are analysed at the North Vancouver facility of ALS Canada Ltd. using their PREP-31, PGM-ICP24, ME-MS61, and ME-ICP06 packages. Each core sample is dried, then crushed to 70% passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting 48 elements. Over limit 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 our 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 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

A mineral resource exploration and development company is 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/239700

FAQ

What are the main drilling results from DBLVF's 2024 Hat Project campaign?

The main results include H075 with 435m at 0.35% CuEq, H076 with 72m at 0.44% CuEq, and H077 with 408m at 0.32% CuEq, all showing significant mineralization including copper, gold, silver, and cobalt.

What is the highest-grade intercept reported in DBLVF's Hat Project drilling?

The highest-grade intercept was in H075, showing 21.5m at 2.06% CuEq, including 9m at 4.55% CuEq from 227.0m to 236.0m depth.

How deep is the mineralization at DBLVF's Hat Project?

Mineralization starts near surface, with H076 showing mineralization from 12m depth, and extends to significant depths, with H077 showing mineralization up to 497m depth.

What metals are present in DBLVF's Hat Project deposit?

The Hat Project is a polymetallic deposit containing copper, gold, silver, cobalt, and scandium, with notable intercepts showing various combinations of these metals throughout the drilling results.