Highlights:
• Hole H078: 1.00% Copper and 0.46 g/t Gold over 107 m within 409 m of 0.39% Copper and 0.28 g/t Gold.
• Hole H079: 0.95% Copper and 0.79 g/t Gold over 82 m within 213 m of 0.59% Copper and 0.50 g/t Gold.
• Both drill holes represent the highest-grade mineralization intercepted to date at the Hat Project.
• Other drill holes reported are extending the mineralization envelope of the Hat deposit.
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2025) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce significant assay results from its 2024 drilling program at the Hat Polymetallic Deposit in northwestern BC. The results from drill holes H078 and H079 include the most substantial intervals of high-grade copper and gold mineralization encountered at the Hat Project to date. Drill holes H081 to H085 provide more details of the East Lisle Zone, a shallow extension of the Main Lisle Zone. (Drill hole H084 was abandoned before it reached target depth).
1- Central Lisle Zone Drill Results:
The recent drilling focused on the Central Lisle Zone, which is interpreted as a potential porphyry feeder zone. The intercepts demonstrate shallow mineralization horizons and provide further evidence of the Hat Deposit's robust mineralization profile.
Drill Hole H078:
• From 12 m to 684 m: 672 m averaging 0.29% Copper and 0.22 g/t Gold (0.50% CuEq - see note (a) for CuEq calculation).
• Significant long intercepts include:
o 409 m (from 92 m to 501 m) averaging 0.39% Copper and 0.28 g/t Gold (0.65% CuEq) including
o 107 m (from 247 m to 354 m) averaging 1.00% Copper and 0.46 g/t Gold (1.42% CuEq), the highest-grade interval recorded at the Hat Project.
Drill Hole H079:
• From 7 m to 732 m: 725 m averaging 0.29% Copper and 0.22 g/t Gold (0.44% CuEq) including
o 572 m (from 150 m to 722 m) averaging 0.28% Copper and 0.25 g/t Gold (0.50% CuEq) and
o 213 m (from 510 m to 723 m) averaging 0.59% Copper and 0.50 g/t Gold (1.00% CuEq) and
o 82 m (from 600 m to 682 m) averaging 0.95% Copper and 0.79 g/t Gold (1.58% CuEq).
Drill Hole H080:
• From 318 m to 372 m: 54 m averaging 0.30% Copper and 0.21 g/t Gold (0.50% CuEq), including:
o 22 m (from 350 m to 372 m) averaging 0.54% Copper and 0.38 g/t Gold (0.91% CuEq).
The exceptional grades and intercepts reported from holes H078 and H079 confirm the high-grade nature of the mineralization within the Central Lisle Zone and suggest proximity to the core of the porphyry system, possibly representing the feeder zone. The intercepts display consistent copper, gold and strong cobalt values, and consistent scandium mineralization, reinforcing the Hat Deposit's potential as a significant resource of strategic metals.
President and CEO, Farshad Shirvani, commented:
"These are the most significant drill results we have ever reported from the Hat Project that is attracting attention from major players in the metals industry. The substantial copper and gold grades over considerable lengths indicate that we may be intersecting the core of the porphyry system. These results not only underscore the robust nature of the Hat Deposit but also enhance its potential to become a world-class polymetallic resource. We are excited about the conclusions of these findings and look forward to advancing the project with further drilling and exploration activities."
2- East Lisle New Horizon:
The East Lisle Zone has revealed a promising new zone of mineralization beyond the conceptual pit shell proposed in MRE V1 and at depth, which is expected to be extended in the upcoming MRE V2 with new conceptual pit walls. All drill holes in this setting intersected strong copper and gold mineralization.
The results from the East Lisle Zone indicate a significant new zone of mineralization, suggesting potential extensions of the Hat Deposit to the east. The drill intercepts show consistent grades over substantial lengths, underscoring the prospectivity of this area and supporting further exploration.
3- Far Northwest Lisle Zone:
The Far Northwest Lisle Zone has produced encouraging results, revealing multiple intervals of copper, gold, and associated metals. These results suggest significant potential for mineralization in this area, further extending the scope of the Hat Polymetallic Deposit.
Notes:
Copper Equivalent (CuEq) currently does not include the Scandium
a. 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.
b. Param 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).
Quality Assurance and Quality Control:
Hat Project drill cores are processed at Doubleview's camp where they are photographed, measured, logged and cut by technical staff. 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. The assay cores are subject to a Chain of Custody routine when shipped from camp via bonded carrier 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 assayed at independent ISO 17025 and ISO 9001- certified laboratories.
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 as he is a shareholder of Doubleview.
For 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 & CEO
For further information please contact:
Doubleview Gold Corp
T: (604) 678-9587
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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.
