07:07:25 EST Sat 21 Dec 2024
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Doubleview Gold Corp
Symbol DBG
Shares Issued 178,973,025
Close 2023-10-17 C$ 0.62
Market Cap C$ 110,963,276
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Doubleview sees massive sulphide mineralization at Hat

2023-10-18 12:53 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW REPORTS STRONG MASSIVE SULPHIDE INTERCEPT LOGGED IN DRILL HOLE H067

Doubleview Gold Corp. has drilled a long intercept of massive sulphide mineralization in drill hole H068 at its Hat project. The Hat polymetallic porphyry project in British Columbia's Golden Triangle, has demonstrated that it contains several of the metals deemed as critical metals by the Canadian and American federal governments.

The long sulphide intercept will be transported under enhanced security protocols for analytical analysis. Assay results will be published in a subsequent news release upon receipt and verification. Further details, including collar co-ordinates and orientation, will be provided in the immediate future.

Drill hole H067 was collared 320 metres south of drill hole H034 and is directed to the projected south extension of the Lisle zone. The strong sulphide mineralization appears to comprise sections of very strong chalcopyrite and pyrite, including about two metres of nearly massive chalcopyrite (chalcopyrite contains about 30 per cent copper).

Further information and maps are being developed to demonstrate the southern extension of the Lisle zone. It is currently projected that the drilling will extend the deposit for another 450 m by 340 m toward the south, while the deposit is open in all directions.

Farshad Shirvani, president and chief executive officer, stated: "I am pleased to see that our modelling concept has been confirmed with drilling. I am also proud of our dedicated team, including our Tahltan band members who put their utmost efforts into this season's drilling campaign, which has been very cost-effective and successful. We have drilled 1,500 metres in the past two weeks alone, and that has only been attainable due to the team's hard work, preparation and efficient execution."

Qualified person

Erik Ostensoe, PGeo, 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, a mineral resource exploration and development company, is based in Vancouver, B.C., Canada, and is publicly traded on the TSX Venture Exchange. 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.

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