Doubleview Gold Reports High-Grade Sulphide and Magnetite Mineralization at Hat Project

2 min read | September 12, 2024 11:49 AM EDT | By Team Kalkine Media

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Doubleview Gold Reports High-Grade Sulphide and Magnetite Mineralization at Hat Project — Image source: Shutterstock

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Doubleview Gold Corp (TSXV:DBG) recently provided an update on its 2024 drilling campaign at the Hat copper-gold-cobalt project located in British Columbia. The company has surpassed 5,300 meters of drilling across eight drill holes in this phase of exploration. The drilling is concentrated on the Lisle Zone, a key area that was the subject of the initial Mineral Resource Estimate (MRE-V1). The MRE-V1 outlined a resource of 150 million tonnes (Mt) and an inferred resource of 477 Mt at a 0.2% copper equivalent cut-off grade. Additionally, the zone has shown scandium potential with an estimated resource ranging from 300 to 500 Mt at an average grade of 40 parts per million.

The primary objective of the current campaign is to increase the density of the drilling data, which will be critical for the anticipated release of an updated Mineral Resource Estimate (MRE-V2). This data will offer a more comprehensive understanding of the resource at the Lisle Zone, further enhancing the project’s long-term outlook.

The drilling program has encountered high-grade sulphide and magnetite mineralization, reinforcing the viability of the mineralization model that the company has been developing. These findings, according to Doubleview Gold, could play a vital role in the upcoming resource estimates and project development plans. The core samples collected are being prepared at the Hat camp before being sent to an independent ISO-certified laboratory for assaying, with the results expected to be released soon.

Doubleview Gold’s CEO, Farshad Shirvani, expressed optimism regarding the strength of the sulphide mineralization, noting that the observations are providing valuable insights into the geology and mineralization processes at the Hat deposit. The company continues to build on its geological model, refining its understanding of the deposit’s formation and mineral content.

Since the Hat deposit's discovery in 2014, Doubleview Gold has drilled a total of 79 holes, covering nearly 37,000 meters of the project area. This extensive drilling history reflects the company's commitment to advancing exploration efforts and generating additional value from the deposit.

The Hat project remains a significant focus for Doubleview Gold as the company seeks to unlock further opportunities in copper, gold, cobalt, and scandium mineralization through ongoing exploration and development.

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