Doubleview Is Pleased to Announce Drill Hole Assay Results and Strong Mineralization Connects West Lisle Mineralization with the Main Lisle Mineralization
Doubleview Is Pleased to Announce Drill Hole
Assay Results and Strong Mineralization
Connects West Lisle Mineralization with the
Main Lisle Mineralization
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) -
Doubleview Gold Corp. (TSXV: DBG)
(OTCQB: DBLVF) (FSE: A1W038)
(the "Company or "Doubleview") is pleased to announce assay
results of Hat Project drill holes H045, H046, H047, H048, H050 and H051. Drill hole H050 intersected
the strongest Cobalt mineralization yet with 2240g/t over 3 meters. Drill hole H045 intersected one of the
longest and strongest sections of mineralization reported in this news release with 459m at 0.91%
CuEq.
The Hat Project is a large alkalic copper-gold porphyry-type deposit located in northwestern British
Columbia that since 2011 has been explored by Doubleview utilizing technical surveys and diamond
drilling operations. Hat Property surveys and drilling have been largely directed to the Lisle copper-gold-
cobalt-scandium mineral zone.
Principal minerals are chalcopyrite
,
pyrite and magnetite hosted in
volcaniclastic and gabbroic formations. The Lisle Zone has indicated dimensions of approximately 2.7
km by 1.7 km and is still being delimited laterally and at depth.
Drill holes reported in this news release were positioned as follows:
H045 and H046 expanded the West Lisle area, H047 extended an area of strong mineralization north-
northeast of the Main Lisle Zone that was discovered by drilling in 2022 and holes H049, H050 and
H051 added significantly to the west side of the Main Lisle Zone.
Assay data are included in Table 1.
Assays are summarized as follows:
North-Northeast of Lisle Zone:
Drill hole H047 intercepted 343.6 meters* with 0.91% Cu Equivalent** from surface, including
120.9 meters with 1.05% CuEq.
West of the Lisle Zone:
Drill hole H045: intercepted 459.0 meters with 0.92% Cu Eq from 28m depth, including 127.0
meters with 0.98% Cu Eq.
Drill hole H046: intercepted 315.1 meters with 0.81% Cu Eq from 66m depth, including 141.0
meters with 0.97% Cu Eq.
Main-west of the Lisle Zone:
Drill hole H049: Assays pending.
Drill hole H050: intercepted 290.1 meters with 1.03% Cu Eq from near surface, including 207.6
meters with 1.08% Cu Eq.
Drill hole H051: intercepted 313.4 meters with 0.96% Cu Eq from near surface, including 44.8
meters with 1.30% Cu Eq.
Note: (*) Drill hole intercepts are presented as drilled. The company does not have sufficient information to provide true deposit dimensions.
Significant intercepts are presented in Table 1 and discussed below. Drill hole locations and sections
are shown in Figures 1, 2, 3 and 4 and coordinates and other location details are presented in Table 2.
Farshad Shirvani, Doubleview's president and CEO, comments that "Recent drilling exploration has
shown continuity and strength of mineralization in the Lisle deposit, although boundaries in all directions
are not yet known. The year 2023 is crucial for the development of the Hat project, as it involves
metallurgical studies and the maiden resource estimation, which will provide insights into the
significance of this deposit. I am delighted that we have one of the largest and potentially viable
Scandium and Copper deposits in the Western Hemisphere."
TABLE 1.
Assay results
DDH
From
(m)
To
(m)
Length
(m)
Ag
(g/t)
Au
(g/t)
Co
(g/t)
Cu
(%)
Sc
(g/t)
CuEq
(%)* incl
Sc2O3
H045
28.0
487.0
459.0
0.49
0.09
87.4
0.15
29.5
0.92
Inc.
28.0
184.0
156.0
1.00
0.07
85.0
0.20
27.7
0.91
Inc.
91.0
184.0
93.0
1.10
0.09
93.5
0.28
27.0
0.98
Inc.
336.0
463.0
127.0
0.31
0.16
141.1
0.22
26.8
0.98
Inc.
338.0
418.0
80.0
0.37
0.19
183.6
0.26
29.2
1.11
Inc.
338.0
385.0
47.0
0.43
0.22
205.1
0.30
32.9
1.27
Inc.
352.0
385.0
33.0
0.49
0.28
228.3
0.37
30.0
1.30
H046
44.0
359.1
315.1
0.53
0.10
108.8
0.16
23.8
0.81
Inc.
128.0
281.0
153.0
0.92
0.15
142.7
0.26
24.0
0.95
Inc.
128.0
356.0
228.0
0.66
0.14
119.7
0.20
22.2
0.84
Inc.
128.0
269.0
141.0
0.70
0.15
145.9
0.26
25.0
0.97
H047
7.6
351.2
343.6
0.55
0.11
73.9
0.12
30.0
0.91
Inc.
14.0
336.7
322.7
0.57
0.11
75.2
0.13
29.4
0.91
Inc.
99.0
219.9
120.9
0.86
0.20
97.1
0.17
31.0
1.05
Inc.
99.0
158.3
59.3
1.22
0.37
135.8
0.25
32.0
1.26
Inc.
99.0
120.3
21.3
0.37
0.58
147.6
0.09
31.5
1.24
Inc.
145.5
158.3
12.8
3.83
0.45
195.5
0.75
29.3
1.71
Inc.
219.5
219.9
0.4
18.70
0.36
192.0
2.28
18.1
2.76
H050
64.2
342.3
278.1
0.85
0.11
143.9
0.21
29.0
0.99
Inc.
12.8
302.8
290.1
0.81
0.10
148.3
0.19
31.0
1.03
Inc.
99.1
306.7
207.6
1.11
0.13
178.9
0.26
29.2
1.08
Inc.
99.1
165.6
66.5
2.96
0.24
350.9
0.55
29.6
1.49
Inc.
127.3
130.2
3.0
45.90
1.31
1715.0
5.87
16.4
7.19
Inc.
146.5
149.5
3.0
2.85
0.23
2240.0
0.34
3.1
1.58
Inc.
202.5
247.4
45.0
0.35
0.14
190.3
0.20
29.8
1.04
H051
7.0
320.4
313.4
0.35
0.06
76.4
0.11
33.7
0.96
Inc.
107.9
152.7
44.8
1.78
0.27
221.4
0.51
24.9
1.30
Inc.
117.5
118.7
1.2
19.60
2.41
1490.0
5.17
14.7
6.98
Notes:
- 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.
**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:
- *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x
Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)
- Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc
TABLE 2.
Drill Hole Data
Drill Hole ID
UTM - East
UTM - North
Elevation
Max-Depth
Azimuth
Dip
Area
H044
347,148
6,454,257
972
18
290
-55
Lost Hole
H045
347,151
6,454,269
972
562
45
-60
Lisle West
H046
347,151
6,454,269
972
482.3
180
-65
Lisle West
H047
348,035
6,454,681
1,034
352.2
0
-90
Lisle West
H050
347,471
6,454,073
964
557.5
0
-59.33
Lisle West
H051
347,471
6,454,073
964
461.5
30
-67.5
Lisle West
Quality Assurance and Quality Control:
Core samples were prepared 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.
The following map and sections show the location of the reported drill holes.
Figure 1. Drill PLAN MAP
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_001full.jpg
Figure 2. Section A - A'
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_002full.jpg
Figure 3. Section B - B'
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_003full.jpg
Figure 4: Section C - C'
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/168327_57d8eee8c4f4c907_004full.jpg
Doubleview maintains a website at
www.doubleview.ca
which is under construction at the moment.
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.
Cautionary Note:
Although a mineral resource estimation is currently being prepared by an
independent engineering firm, 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 (TSXV:
DBG), (OTCQB: DBLVF), (GER: A1W038), (FSE: 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 properties and the application of advanced state-of-the-art exploration methods. The Company's
portfolio of strategic properties provides diversification and mitigates investment risks.
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:
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/168327