21:26:50 EDT Tue 08 Oct 2024
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Doubleview Gold Corp
Symbol DBG
Shares Issued 190,454,551
Close 2024-09-09 C$ 0.38
Market Cap C$ 72,372,729
Recent Sedar Documents

Doubleview to file NI 43-101 report for Hat

2024-09-09 17:19 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW ANNOUNCES FILING OF THE NI 43-101 TECHNICAL REPORT OF ITS MAIDEN MINERAL RESOURCE ESTIMATE

Doubleview Gold Corp. has completed and will file today, on SEDAR+, an independent technical report prepared in accordance with National Instrument 43-101 standards of disclosure for mineral projects in support of the company's first mineral resource estimate of its 100-per-cent-owned Hat project, as announced on July 25, 2024.

The report is titled: "NI 43-101 Technical Report for the 2024 Mineral Resource Estimate on the Hat Project, Atlin Mining Division, British Columbia, Canada," dated Aug. 30, 2024, and has an effective date of July 17, 2024. There are no material differences in the report from the results disclosed in Doubleview's news release dated July 25, 2024.

The technical report was written by William J. Lewis, BSc, PGeo, and Chitrali Sarkar, MSc, PGeo, of Micon International Ltd., and Eur Ing Andrew Carter, BSc, CEng, MIMMM QMR, MSAIMM, SME, of Tetra Tech Ltd.

Highlights of the reported mineral resource estimate:

  • Micon wrote the MRE and fulfilled the criteria for an MRE to meet the definition of potentially economic extraction;
  • An indicated resource of 150 million tonnes and an inferred resource of 477 Mt at 0.2 per cent copper equivalent cut-off grade; or
  • An indicated resource of 1,353 million pounds of copper equivalent at 0.408 per cent CuEq, which includes 733 million lb of copper, 28 million lb of cobalt, 929,000 ounces of gold and two million ounces of silver; and
  • An inferred resource of 3,619 million lb of CuEq at 0.344 per cent CuEq cut-off grade, which includes 1,945 million lb of copper, 91 million lb of cobalt, 2,328,000 ounces of gold and 7,575,000 ounces of silver.

Scandium potential:

  • The scandium potential for the Hat deposit is estimated to be 300 million to 500 million tonnes at an average grade of 40 parts per million (0.004 per cent) Sc2O3.

For more detailed information on the mineral resource estimate and scandium potential, please see the company's news release dated July 25, 2024.

Farshad Shirvani, president and chief executive officer of the company, commented: "With the filing of the report, Doubleview is closing its first chapter on the Hat project. As we are continuing to work on the project, our focus is now on the next development steps. The Hat project is becoming important critical minerals resource project for the province of British Columbia and Canada."

Qualified person

William Lewis, PGeo, and Chitrali Sarkar, MSc, PGeo, of Micon, are the qualified persons responsible for the MRE, and have reviewed and approved the technical disclosure relating to this news release. Mr. Lewis and Ms. Sarkar are independent of Doubleview.

About Doubleview Gold Corp.

Doubleview, 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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