Drill Hole Assays in the Newly Discovered Buck Zone Connects the West Lisle Zone to Main Lisle deposit
Drill Hole Assays in the Newly Discovered
Buck Zone Connects the West Lisle Zone to
Main Lisle deposit
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2023) -
Doubleview Gold Corp. (TSXV:
DBG) (OTCQB: DBLVF) (GER: A1W038)
(the "Company or "Doubleview") is pleased to announce
assay results from Hat Project drill holes H049, H052, and H053 (Drill holes H050 & H051 were
previously reported 06/010/23). Of special significance is drill hole H052 that intersected more than 500
meters with strong Copper and Gold Mineralization within which a 211.2 meter interval included 0.35 g/t
Gold, 0.37% Copper with a total 1.33% Copper Equivalent**. Also particularly notable is an apparent
increase in strength of all metals with increased depth. Cobalt assay results for drill hole H053 are
among the highest ever reported for the Lisle Zone. Drill holes H052 and H053 are in the Buck zone
connecting the western Lisle zone with the strong mineralization of the southern Lisle zone.
The reported drill holes cover a 150m x 260m area if projected to surface. The drill hole locations were
carefully selected to gradually increase the Lisle deposit volume for the upcoming resource estimation,
anticipated to be released Q1 of 2024. Table 1 shows assay intervals in detail and Table 2 provides
information concerning drill hole locations. Figures 1 and 2 illustrate the locations and distribution of
mineralization. Drill holes H052 and H053 provide a link from the west part of Lisle Zone to its southern
extension.
Farshad Shirvani, Doubleview's president and CEO, comments that "The 2023 drill campaign has
exceeded all expectations. These first pair of drill holes connect the newly discovered Buck zone with the
Lisle zone, which until now had previously been viewed as two separate areas. It's anticipated that this
will add significantly to the size and value of the Hat deposit. Besides the consistently high values of
scandium and the continuous numbers for copper, the results for cobalt in drill hole H049 are, as with the
case in H053, some of the highest grading cobalt assays ever encountered at the Hat deposit. This
underlines the project's outstanding importance to potentially be supportive for Canada's ambitious plan
to tackle climate change and have an independent supply of critical metals."
Mr. Shirvani continued "While work is continuing to prepare the resource estimation data package, we
are steadily advancing our drill hole coverage southward to the nearly unexplored Hoey zone, where
earlier surface work including hand trenching, showed strong copper, cobalt and gold mineralization."
Currently the 2023 drilling campaign continues to advance the Hat project, and the total drilled length of
this season exceeds 8,000 meters.
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
H049
42.8
376.7
333.9
0.12
0.03
71.0
0.05
32.4
0.87
inc.
42.8
50.0
7.2
1.04
0.02
774.0
0.16
16.2
0.91
inc.
161.5
188.6
27.1
0.32
0.04
83.3
0.06
31.3
0.86
inc.
230.6
256.0
25.4
0.31
0.10
100.2
0.18
25.0
0.86
and
373.8
379.3
5.5
0.25
0.22
120.8
0.21
26.0
0.99
H052
24.4
531.0
506.6
0.29
0.18
116.4
0.20
31.7
1.09
inc.
33.7
160.2
126.5
0.17
0.05
86.7
0.05
32.7
0.90
inc.
183.0
523.8
340.8
0.36
0.24
132.4
0.27
31.6
1.20
inc.
201.0
523.8
322.8
0.37
0.25
136.7
0.28
31.9
1.22
and
252.0
463.2
211.2
0.45
0.35
165.3
0.37
30.4
1.33
inc.
252.0
526.3
274.3
0.38
0.30
146.3
0.32
31.9
1.28
inc.
351.0
463.2
112.2
0.33
0.54
177.4
0.46
31.5
1.55
H053
33.0
408.0
375.0
0.16
0.09
94.5
0.08
32.4
0.94
inc.
33.0
204.6
171.6
0.25
0.06
154.9
0.11
31.1
0.95
inc.
33.0
150.0
117.0
0.09
0.03
59.8
0.04
32.2
0.85
inc.
156.0
204.6
48.6
0.68
0.15
399.4
0.29
28.7
1.21
inc.
188.0
204.6
16.6
1.18
0.25
743.5
0.54
28.3
1.64
and
160.0
363.0
203.0
0.21
0.12
130.5
0.11
32.5
1.01
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 = $1.5/g
- Rec_Ag = 68% , Rec_Au = 89% , Rec_Co
= 78%,
Rec_Cu
= 84% , Rec_Sc
= 88%
Figure 1. Section along the drill holes
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/183475_706b640034aa281e_001full.jpg
TABLE 2.
Drill Hole Data
Drill Hole ID
UTM -
East
UTM -
North
Elevation
Max-
Depth
Azimuth
Dip
Area
H049
347,471
6,454,073
964
512
0
-87
Lisle West
H052
347,471
6,454,073
964
540
135
-60
Lisle West
H053
347,471
6,454,073
964
442.4
105
-70
Lisle West
Figure 2. Drill Plan
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8003/183475_706b640034aa281e_002full.jpg
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.
Doubleview maintains a website at
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 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/183475