Doubleview announces drilling at the Hat polymetallic 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:778.379.3899
W:www.doubleview.ca
2024-07-29
Doubleview announces drilling at the Hat polymetallic deposit
Vancouver, British Columbia, July 29, 2024 - Doubleview Gold Corp (TSX-V: DBG / OTC: DBLVF / GERMANY:
A1W038) ("Doubleview" or the “Company”) is pleased to announce resumption of drilling at its Hat Project in
Northern British Columbia where, prior to a short worker relief stoppage, work had included 3,460 metres of drilling.
As detailed below, current work builds upon the extensive database of technical and statistical models used in
preparation of the Company’s first Mineral Resource Estimate (“MRE – V1”) that was announced last week.
The Mineral Resource Estimate reported:
• Micon International Limited authored the MRE and fulfilled the criteria for an MRE to meet the definition of
potentially economic extraction.
• An indicated resource of 150 million tonnes (Mt) and an inferred resource of 477 Mt at 0.2% copper
equivalent (“CuEq**”) cut-off grade* or
• An indicated resource of 1.353 billion pounds (Blb) of CuEq at 0.408% CuEq, which includes 733 Mlb of
copper, 28 Mlb of cobalt, 929 thousand ounces of gold and 2 million ounces of silver and
• An inferred resource of 3.619 Blb of CuEq at 0.344% CuEq cut -off grade, which includes 1.945 Blb of
copper, 91 Mlb of cobalt, 2.328 million ounces of gold and 7.575 million ounces of silver.
• The 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 more detailed information on the mineral resource estimate, please see the Company’s news release dated
July 25, 2024.
The main objectives of the 2024 drilling program are to:
• Improve grade and further explore mineralization trends identified by statistical and geological models and
interpretations
• Conduct in -fill drilling in areas where drill holes are sparce or overly widespread and better define the
mineral deposit’s envelope
• Target areas of shallower mineralization to improve grade and tonnage prior to a future “Version 2” MRE
• Enhance our complete database to guide future exploration and resource estimates
The current parameters of the MRE -V1 have been carefully examined using statistical and geological models to
guide the 2024 exploration and further develop the Hat deposit.
Initial 2024 drilling was focused on the central Lisle Zone to better define the mineralization, confirm its westerly
extension and with greater density of information, demonstrate internal continuity of metal values. Drill holes H072
to H075 (Table 1 and Figure 1) were instrumental in this regard and hole H076, in progress, is expected to provide
similar results. The Company has sent the core rock samples from drill holes H072 to H075 to our analytical services
provider and we anticipate being able to release assay data in the near future.
Figure 1 illustrates, in Plan and Section views, the locations of our 2024 drill holes.
Doubleview Gold Corp.
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
Mr. Farshad Shirvani, president & CEO of the Company, commented, “We shifted our focus from building a n initial
resource at the polymetallic Hat deposit to expanding the same. Several opportunities to improve the maiden
resource were identified which we want to realize promptly during this year’s field season, including very targeted
drilling.”
TABLE 1: Drill Hole Data
Drill Hole
ID
UTM –
East
UTM -
North
Elevation Max-
Depth
Azimuth Dip Area
H072 347,866 6,453,952 956.5 761 212 -75 Lisle West
H073 347,866 6,453,952 956.5 771 225 -85 Lisle West
H074 347,866 6,453,952 956.5 609 262.5 -85 Lisle West
H075 347,866 6,453,952 956.5 537 0 -90 Lisle West
The Illustration 1 below depicts the Plan and Section on the drill holes of the Season 1 exploration of
2024.
Illustration 1: Plan and Section on the Drill Holes
Doubleview Gold Corp.
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
Notes:
* Parameters used to calculate cut-off grade:
Au price US$/oz: 1,900; Ag price US$/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%; Mining cost US$/t (OP): 2.5; Processing Cost US$/t: 6; G&A Cost US$/t: 2
** 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). Scandium is not part of the copper equivalent
calculation.
Quality Assurance and Quality Control:
Core samples are forwarded to the accredited North Vancouver facility of ALS Canada Ltd. where the samples are
being prepared 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 e lements. 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.
The Hat Claims property consists of ten mineral tenures covering 5,200 hectares located north of the Golden Bear
mine road in northwest BC. For additional information please visit 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 th is news release. He is not independent of Doubleview as he is a shareholder in the
company.
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], [OTCQB: DBLVF],
[GER: A1W038], [Frankfurt: 1D4]. 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 pr operties and the application of advanced
state-of-the-art exploration methods. The Company’s portfolio of strategic properties provide s diversification and
mitigates investment risks.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
Doubleview Gold Corp.
TSX.V: DBG
OTC: DBLVF
FSE: A1W038
470 Granville St. Suite #822
Vancouver, BC, V6C 1V5
T:604.678.9587
F:778.379.3899
W:www.doubleview.ca
For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
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 current 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.