Doubleview Gold Corp Initiates Advanced Exploration Program at Red Spring, Bolstering Its Critical Minerals Portfolio

Rhea-AI Summary

Doubleview Gold Corp (OTCQB: DBLVF) has launched an advanced exploration program at its 90%-owned Red Spring Project in central British Columbia, Canada. The program's first phase includes a 3D Induced Polarization (IP) survey targeting the Angus Zone, scheduled for completion by August 2025.

The Red Spring Project, which hosts copper-silver-zinc-gold mineralization, has a history of exploration including sampling, geophysical surveys, and 4,000 feet of historical drilling. Additionally, the company reported progress on its flagship Hat Project, where 2025 drilling has exceeded 6,500 meters, with drill hole H099 approaching the 100-hole milestone.

Positive

• Strategic expansion into critical minerals portfolio with Red Spring Project
• Advanced 3D IP survey implementation with minimal environmental impact
• Hat Project drilling progress exceeding 6,500 meters in 2025
• Strong historical mineralization data supporting exploration potential

Negative

• Only 90% ownership of Red Spring Project indicates partial control
• Significant third-party interest in HAT project potentially affecting focus on Red Spring

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Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to announce the commencement of an advanced exploration program at its 90%-owned copper-silver-zinc-gold Red Spring Project, located in central British Columbia, Canada. This initiative marks a significant step in unlocking the project's full potential and reinforces Doubleview's commitment to critical mineral development.

Red Spring Project: Inaugural 3D IP Survey Underway

The Red Spring Project, a pillar in Doubleview's expanding portfolio, is situated in a highly prospective region of central British Columbia, Canada. The Company holds a 90% interest in this compelling copper-silver-zinc-gold project, which has demonstrated strong mineralization in historical drilling, particularly in its central zone. Decades of previous operator activities, including sampling, geophysical surveys, and approximately 4,000 feet of drilling, have laid the groundwork for Doubleview's current advanced exploration. The project is strategically important to the Company as it strengthens its emphasis on critical minerals.

The first phase of Doubleview's 2025 exploration program at the Red Spring property comprises an inaugural 3D Induced Polarization (IP) survey. This state-of-the-art three-dimensional geophysical survey will target the Angus Zone, an area of high interest previously sampled and prospected by the Company. The survey is expected to be completed by the end of August 2025.

The 3D IP survey will provide valuable insights into the subsurface geology and will contribute to planning and guiding future drill programs. Farshad Shirvani, President and CEO of Doubleview Gold Corp, commented: "Due to significant third-party interest in the Company's flagship HAT project, management is strategically advancing exploration at its Red Spring Project, as it has consistently demonstrated strong potential, both historically and through Doubleview's past exploration efforts. The 3D IP program will provide detailed information and valuable insights with minimal environmental impact. Our goal is to gain a better understanding of the deposit, expand the area of interest, and help define precise targets for further work, including drilling. The Red Spring Project is an important component in Doubleview's portfolio of properties and emphasizes our focus on critical minerals."

Doubleview is dedicated to collaborative engagement with local stakeholders and First Nations and strives to apply sustainable exploration methods that ensure minimal land impact.

Hat Polymetallic Deposit Update

Exploration and definition of Doubleview's flagship Hat Project continues with 2025 drilling surpassing 6,500 meters. Drill hole H099, currently in progress, is approaching the significant 100 drill hole milestone. The preliminary economic assessment (PEA), metallurgy, and environmental baseline studies are continuing and underscore the comprehensive advancement of this significant polymetallic deposit.

About Doubleview Gold Corp

With active programs at both the HAT and Red Spring projects, Doubleview anticipates that 2025 will be its most productive year to date, reflecting the Company's robust and exciting exploration and development activities.

Doubleview Gold Corp, trading on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: LA1W038) (FSE: 1D4) is a Canadian-based mineral resource exploration and development company focused on the discovery and advancement of high-value mineral deposits in British Columbia. The Company controls a portfolio of prospective mineral properties, including the Hat polymetallic deposit and the Red Spring copper-gold-silver project.

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

Website: www.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/260280

FAQ

What is the status of Doubleview Gold's (DBLVF) Red Spring Project exploration program in 2025?

Doubleview has initiated an advanced exploration program at Red Spring, starting with a 3D Induced Polarization (IP) survey of the Angus Zone, expected to complete by August 2025.

How much drilling has been completed at Doubleview's (DBLVF) Hat Project in 2025?

The Hat Project has completed over 6,500 meters of drilling in 2025, with drill hole H099 approaching the significant 100 drill hole milestone.

What is Doubleview Gold's (DBLVF) ownership stake in the Red Spring Project?

Doubleview Gold Corp owns a 90% interest in the Red Spring copper-silver-zinc-gold project located in central British Columbia, Canada.

What historical exploration work has been done at the Red Spring Project?

The project has undergone decades of previous exploration, including sampling, geophysical surveys, and approximately 4,000 feet of drilling in the central zone.

What minerals is Doubleview Gold (DBLVF) targeting at the Red Spring Project?

The Red Spring Project is targeting copper, silver, zinc, and gold mineralization as part of Doubleview's critical minerals portfolio.