Independent technical review confirms the Lisle zone of the Hat Deposit as an alkalic Cu-Au porphyry deposit with significantly elevated Au grades, featuring 235m of 1.04 g/t AuEq (0.76 % CuEq) within a
Doubleview Gold Corp
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:604.683.8260
W:www.doubleview.ca
Date: 03/July/2020
Independent technical review confirms the Lisle zone of the Hat Deposit as an alkalic Cu-Au porphyry
deposit with significantly elevated Au grades, featuring 235m of 1.04 g/t AuEq (0.76 % CuEq) within a
greater interval of 612m of 0.58 g/t AuEq (0.42Eq) in Drill hole H034
Doubleview Gold Corp (“Doubleview”), (the “Company”) (TSX-V:DBG) announces recent developments with
respect to estimations of metal values at its Hat Gold -Copper Project in northwestern British Columbia.
The Company has reviewed all drill hole data, including that from holes completed in 2019, and in
recognition of recent significant increases in the market price of gold, the company presents both gold
equivalent (AuEq) and copper equivalent ( CuEq) grade estimates. The Company has not undertaken
metallurgical processing tests and has no information concerning possible recoveries that may result from
mining operations. Porphyry type mines typically have recoveries of 85 to 90%.
Micon International Limited, mineral industry consultants, following an independent review of the Hat
Project, confirms Doubleview’s identification of the Lisle Zone as an alkalic copper-gold porphyry deposit
with significantly elevated gold values. Copper and gold comp rise approximately 85% of the total value
of the deposit, with copper accounting for 45 to 52% of the value, and gold accounting for 32 to 41%.
Although cobalt could contribute 13 to 15% to the value, it is not included in the following metal
equivalent estimates due to unresolved issues about its recovery and payability . Similarly silver and
palladium are not included.
The Company notes that the Lisle Zone, of the Hat deposit, is not fully delineated in any direction but present
drilled dimensions are approximately 920 metres north-south, 650 metres east-west and about 620 metres
vertical. As previously announced and detailed below, the most recent hole, H034, that was directed to a high
resolution 3D induced polarization and magnetic anomalous area in the southwest of the Zone, intersected
689 metres of strong disseminated sulphide mineralization. This is the strongest mineralization drilled on the
property and presents a very compelling target for expansion that will be further explored when drillin g
resumes.
Mr. Farshad Shirvani, President and CEO, observes that “The strong results obtained from holes H031 and H034
demonstrate the ability of 3D IP and magnetic geophysical surveys to identify areas of high potential within a
porphyry environment. Several large targets with coincident geological, geophysical and geochemical
anomalies that are close to and may be extensions of the Lisle Zone have yet to be drill-tested. Doubleview has
refined its geophysical and geological models and is planning its 2020 exploration program that will be
announced once finalized. The 2020 exploration generally is targeting the deposit at greater depths, east and
north of the Lisle deposit. Doubleview is working to open the Hat exploration Camp in middle of July.”
The following is a tabulation of significant assay intercepts from drill holes at Lisle Zone of the Hat deposit.
Table 1 : Significant Assay Results of The Lisle Zone (of the Hat deposit):
Doubleview Gold Corp
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:604.683.8260
W:www.doubleview.ca
DDH From
(m)
To
(m)
Length
(m)
Au
(g/t)
Cu
(%)
Co
(ppm)
CuEq*
(%)
AuEq*
(g/t)
H008 44.0 44.8 0.8 0.29 1.24 510 1.45 1.99
H008 113.6 400.7 287.1 0.21 0.18 86 0.33 0.45
H008 Inc. 141.8 151.5 9.8 0.65 0.34 56 0.82 1.12
H008 And 177.6 192.4 14.8 0.69 0.32 191 0.82 1.13
H008 244.5 400.7 156.2 0.18 0.20 80 0.33 0.45
H009 8.2 70.4 62.2 0.66 0.29 107 0.77 1.06
H009 Inc. 8.2 17.4 9.1 3.93 1.87 478 4.74 6.49
H011 15.0 407.1 392.1 0.20 0.24 92 0.38 0.52
H011 Inc. 78.3 102.7 24.4 0.43 0.72 173 1.03 1.41
H011 And 263.1 293.8 30.7 0.45 0.55 116 0.88 1.20
H011 And 375.1 407.1 32.0 0.38 0.58 122 0.85 1.17
H012 151.0 434.0 283.0 0.21 0.18 89 0.33 0.46
H012 Inc. 192.0 194.0 2.0 3.19 0.57 285 2.89 3.97
H012 And 272.0 315.0 43.0 0.67 0.41 117 0.90 1.23
H012 And 340.0 356.0 16.0 0.51 0.48 87 0.85 1.17
H016 252.0 335.6 83.6 0.31 0.31 94 0.53 0.73
H016 Inc. 284.2 333.6 49.4 0.46 0.44 98 0.78 1.07
H016 Inc. 308.8 333.6 24.8 0.51 0.69 126 1.06 1.46
H017 221.0 442.4 221.4 0.24 0.28 92 0.45 0.62
H017 Inc. 250.0 338.0 88.0 0.33 0.33 100 0.57 0.78
H017 Or 278.0 348.0 70.0 0.41 0.38 108 0.68 0.93
H017 And 306.6 348.0 41.4 0.53 0.46 134 0.84 1.16
H017 And 306.6 310.9 4.3 2.15 0.68 746 2.25 3.08
H018 94.5 314.0 219.5 0.20 0.17 68 0.31 0.43
H018 Inc. 170.7 314.0 143.3 0.27 0.23 82 0.43 0.59
H018 Inc. 256.0 301.8 45.7 0.41 0.43 117 0.73 1.00
H022 43.4 447.6 404.2 0.25 0.25 90 0.44 0.60
H022 Inc. 45.5 52.1 6.6 1.24 0.13 131 1.03 1.42
H022 And 116.4 419.0 302.6 0.28 0.30 101 0.50 0.68
H022 Inc. 302.9 461.5 158.6 0.32 0.44 108 0.67 0.92
H022 Inc. 302.9 421.3 118.4 0.41 0.55 132 0.85 1.17
H023 56.7 470.0 413.3 0.22 0.25 89 0.41 0.57
H023 Inc. 186.3 226.7 40.4 0.61 0.35 131 0.79 1.08
H023 And 270.6 381.6 110.9 0.36 0.47 96 0.73 1.00
H023 Inc. 271.9 347.5 75.6 0.45 0.61 117 0.94 1.29
H023 Inc. 303.3 346.2 42.8 0.54 0.68 116 1.07 1.47
H026 10.6 27.8 17.2 0.46 0.45 89 0.79 1.08
H026 189.8 522.0 332.2 0.16 0.22 66 0.34 0.47
H026 Inc. 189.8 310.5 120.7 0.22 0.25 86 0.41 0.56
H027 7.6 417.3 409.8 0.20 0.20 68 0.34 0.47
H027 Inc. 7.6 263.8 256.2 0.24 0.24 79 0.42 0.58
H027 Inc. 7.6 36.6 29.0 0.53 0.34 91 0.72 0.99
H027 Inc. 19.6 30.0 10.4 1.01 0.69 95 1.43 1.96
H027 And 162.4 369.1 206.7 0.28 0.28 67 0.48 0.66
H027 Inc. 175.0 263.8 88.8 0.46 0.47 84 0.81 1.11
H031 88.0 527.0 439.0 0.14 0.22 76 0.32 0.44
H031 Inc. 240.8 244.1 3.3 1.26 0.74 305 1.66 2.28
H031 Inc. 420.0 476.3 56.3 0.35 0.52 112 0.77 1.06
H031 Or 423.0 522.1 99.1 0.23 0.44 81 0.60 0.83
H031 Inc. 442.0 476.3 34.3 0.39 0.48 79 0.76 1.04
H034 49.0 660.9 611.9 0.19 0.28 84 0.42 0.58
H034 Inc. 49.0 50.0 1.0 1.08 0.82 249 1.61 2.20
H034 Inc. 326.4 643.1 316.7 0.28 0.42 88 0.62 0.86
H034 Or 326.4 561.4 235.0 0.34 0.51 105 0.76 1.04
H034 Or 399.3 672.9 273.6 0.29 0.45 88 0.67 0.92
H034 Inc. 452.2 540.2 88.0 0.68 1.00 170 1.49 2.05
H034 Or 476.5 540.2 63.7 0.86 1.26 200 1.88 2.58
H034 Inc. 534.5 538.2 3.6 3.44 6.61 640 9.12 12.51
* AuEq and CuEq are calculated on the basis of long-term metal prices: Au US$1300/oz, Cu US$2.60/lb
CuEq (%) = ([(%Cu) x (22.0462) x ($2.6) + (g/t/Au) x (1/31.1035) x ($1300)]) ÷ ((22.0462) x ($2.60))).
AuEq (g/t) = ([(%Cu) x (22.0462) x ($2.6) + (g/t/Au) x (1/31.1035) x ($1300)])/($1300 x1/31.1035)
- The calcution of AuEq and CuEq does not include Cobalt.
- No metallurgical recovery tests have been conducted: Gold and Copper assays are reported at 100% recovery and were directly converted
from copper and gold assays.
Selected north-south section on the Lisle zone is presented below.
Doubleview Gold Corp
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:604.683.8260
W:www.doubleview.ca
Figure 1 illustrates IP data and drill holes
.
Drill Plans and sections of previous drill results are located on the Company’s website at
https://www.doubleview.ca/projects/hat-gold-rich-copper-porphyry/hat-drill-plan/
Mr. Shirvani also stated that the Company is actively planning and preparing for the resumption of exploration
of the Hat property. Start-up is subject to compliance with Provincial Covid-19 guidelines and the Company’s
ability to ensure the health and safety of all persons on the remote site, including employees, contractors and
observers, and the Company’s ability to fund exploration by raising capital in the public market. He also
recognizes that the current difficult times may allow aggressive companies such as Doubleview to acquire new
opportunities through partnerships and other arrangements.
Cobalt:
The Lisle Zone mineralization includes small, but possibly important, amounts of cobalt that are not included
in gold and copper equivalent estimations reported in this news release. Cobalt has many industrial
applications including in heat resistant and magnetic alloys, electroplating, ceramics and medical and,
increasingly, in rechargeable batteries that feature large in the emerging alternative energy and electric vehicle
industries, consumption and market prices have increased dramatically in recent years.
Doubleview Gold Corp
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:604.683.8260
W:www.doubleview.ca
Cobalt, on the basis of core analyses, may contribute about 13 to 15% to the total value of Lisle Zone
mineralization but metallurgical and other recovery testing is required before it can be included in estimates
of metal equivalent grades. If funds are available, the company will initiate metallurgical studies later this year.
Quality Assurance and Quality Control
Core samples were prepared using PRP-910 package of MSALABS Terrace facility. Each core is dried and
is crushed to 70% passing 2mm. A 250g is taken using an Automatic Splitter from a Boyd Crusher or a Riffle
Splitter to obtain a 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 30g fire-assay fusion/ICP-ES finish,
using FAS -114 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP -MS finish,
reporting 48 elements using IMS-230. Over limit Cu, Pb, and Zn are analyzed by Four Acid digestion/ICPES
finish using ICP -240/ICF-6xx assay package. All analytical and assay procedures are conducted 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 of Doubleview
as he is a shareholder of the company.
Thomas C. Stubens, M.A.Sc., P. Eng., senior geologist, with Micon International Ltd., has completed a
preliminary independent review of the Hat Project and verified the calculation of the metal equivalent
grades disclosed in this news r elease. He has not verified the database against laboratory assay
certificates, survey records or drill logs, nor has he reviewed the QA/QC results. Mr. Stubens does not,
therefore, make any comments or claims about the quality or reliability of the Hat project database.
Cautionary Note: No mineral resources have been estimated at the Hat Property and there is no
assurance that further work will result in the Lisle Zone, or other zones if present, being classified as
mineral resources.
About Doubleview Gold Corp
Doubleview Gold Corp, a mineral resource exploration and development company, is based in Vancouver,
British Columbia, Canada, and is publicly traded on the TSX Venture Exchange [TSX -V:DBG]. Doubleview
identifies, acquires and finances precious and base metal exploration projects in North America,
particularly in British Columbia. Doubleview increases shareholder value through acquisition and
exploration of quality gold, copper and silver properties and the application of advanced state-of-the–art
exploration methods. Doubleview’s portfolio of strategic properties provides diversification and mitigates
investment risk.
Doubleview Gold Corp
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:604.683.8260
W:www.doubleview.ca
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
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations.
They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number of material factors, many of which are beyond
Doubleview’s control. Such factors include, among other things: risks and uncertainties relating to Doubleview’s limited
operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and
future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as required u nder applicable securities legislation,
Doubleview undertakes no obligation to publicly update or revise forward-looking information.
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.